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Home > News Room > Amendment of "NEC Electronics and Renesas to Integrated Business Operation"

Amendment of "NEC Electronics and Renesas to Integrated Business Operation"


*** For immediate use September 16, 2009

KAWASAKI, Japan, TOKYO, Japan, September 16, 2009 -- NEC Electronics Corporation (NEC Electronics; TSE: 6723), Renesas Technology Corp. (Renesas), NEC Corporation (NEC; TSE: 6701), Hitachi, Ltd. (Hitachi; TSE: 6501 / NYSE: HIT), and Mitsubishi Electric Corporation (Mitsubishi Electric; TSE: 6503) announced the integration of business operation with NEC Electronics and Renesas on April 27, 2009 on "NEC Electronics and Renesas to Integrated Business Operation". In related announcement, NEC Electronics, Renesas, NEC, Hitachi and Mitsubishi Electric amended figures of Renesas's Business results.
The amended parts are underlined.

4. Outline of NEC Electronics and Renesas Technology
(16) Business Performance

(Unit: ¥1 million)
  Renesas (Consolidated, Japan-GAAP)
Fiscal Year Ending March 31, 2006 March 31, 2007 March 31, 2008
Net Sales (A) (B) (A) (B) (A) (B)
Operating Income (Loss) 906,038 906,038 952,590 952,590 950,519 950,519
Ordinary Income (Loss) 13,124 13,369 23,482 23,644 43,592 43,480
Income (Loss) before Income Taxes 2,194 2,518 15,722 15,931 28,694 29,215
Net Profit (Loss) -9,835 -9,835 13,275 13,275 28,171 28,171
Net Income (Loss) Per Share (¥) -2,470 -2,470 8,738 8,738 9,468 9,468
Dividend Per Share (¥) -493.92 -493.92 1,747.52 1,747.52 1,893.64 1,893.64
Net Assets Per Share (¥)
Fiscal Year Ending 63,354.90 63,354.90 65,735.31 65,735.31 66,623.71 66,623.71

(A):Before Amended, (B):After Amended



About NEC Electronics
NEC Electronics Corporation (TSE: 6723) specializes in semiconductor products encompassing advanced technology solutions for the high-end computing and broadband networking markets, system solutions for the mobile handset, PC peripheral, automotive and digital consumer markets, and multi-market solutions for a wide range of customer applications. NEC Electronics Corporation has subsidiaries worldwide including NEC Electronics America, Inc. and NEC Electronics (Europe) GmbH. For additional information about NEC Electronics worldwide, visit www.necel.com.


About Renesas Technology Corp.
Renesas Technology Corp. is the world's No.1 supplier of microcontrollers and one of the world's leading semiconductor system solutions providers for mobile, automotive and PC/AV (Audio Visual) markets. It is also a leading provider of Power MOSFETs, Smart Card microcontrollers, RF-ICs, High Power Amplifiers, Mixed Signal ICs, System-on-Chip (SoC), System-in-Package (SiP) and more. Established in 2003 as a joint venture between Hitachi, Ltd. (TSE:6501, NYSE:HIT) and Mitsubishi Electric Corporation (TSE:6503), Renesas Technology achieved consolidated revenue of 702.7 billion JPY in FY2008 (end of March 2009). Renesas Technology is based in Tokyo, Japan and has a global network of manufacturing, design and sales operations in 16 countries with 25,000 employees worldwide. For further information, please visit http://www.renesas.com.


About NEC Corporation
NEC Corporation is one of the world's leading providers of Internet, broadband network and enterprise business solutions dedicated to meeting the specialized needs of a diversified global base of customers. NEC delivers tailored solutions in the key fields of computer, networking and electron devices, by integrating its technical strengths in IT and Networks, and by providing advanced semiconductor solutions through NEC Electronics Corporation. The NEC Group employs more than 150,000 people worldwide. For additional information, please visit the NEC website at: http://www.nec.com.


About Hitachi
Hitachi, Ltd., (NYSE: HIT / TSE: 6501), headquartered in Tokyo, Japan, is a leading global electronics company with approximately 400,000 employees worldwide. Fiscal 2008 (ended March 31, 2009) consolidated revenues totaled 10,000 billion yen ($102.0 billion). The company offers a wide range of systems, products and services in market sectors including information systems, electronic devices, power and industrial systems, consumer products, materials, logistics and financial services. For more information on Hitachi, please visit the company's website at http://www.hitachi.com.


About Mitsubishi Electric
With over 80 years of experience in providing reliable, high-quality products to both corporate clients and general consumers all over the world, Mitsubishi Electric Corporation (TOKYO: 6503) is a recognized world leader in the manufacture, marketing and sales of electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company recorded consolidated group sales of 3,665.1 billion yen (US$ 37.4 billion*) in the fiscal year ended March 31, 2009. For more information visit http://global.mitsubishielectric.com.


*At an exchange rate of 98 yen to the US dollar, the rate given by the Tokyo Foreign Exchange Market on March 31, 2009.


***

Media Contacts:

NEC Electronics Corporation
Kyoko Okamoto
+ 81-44-435-1676
E-Mail:kyoko.okamoto@necel.com

Renesas Technology Corp.
Yoichi Kobayashi
+81-3-6756-5555
E-Mail:kobayashi.yoichi2@renesas.com

NEC Corporation
Kosuke Yamauchi
+ 81-3-3798-6511
E-Mail:k-yamauchi@ce.jp.nec.com

Hitachi, Ltd.
Atsushi Konno
+81-3-5208-9325
E-Mail:PR@hdq.hitachi.co.jp

Mitsubishi Electric Corporation
Yurika Fujimoto
+ 81-3-3218-3380
E-Mail:prd.gnews@nk.MitsubishiElectric.co.jp

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