Renesas Electronics Corporation
Notice regarding the completion of business transfer by our consolidated subsidiaries
This release notes that the Timing business of Renesas Electronics has been transferred to SiTime Corporation, and references the expected recognition of transfer gains (about ¥4,433 billion, using the exchange rate) and how future earnings guidance will be handled.
Key Figures
- Transfer gains: About ¥4,433 billion
- Transfer completion date: July 1, 2026
- Exchange rate assumption: ¥162 per USD (as of transaction date)
AI要約
Overview
We announce the completion of the Timing business transfer by our consolidated subsidiary. The transferee is SiTime Corporation, and we plan to concretize our partnership between the two companies going forward. The transfer completed on July 1, 2026. We expect to recognize approximately ¥4,433 billion in transfer gains in the third quarter of the consolidated results for the fiscal year ending December 2026, but the final amount and timing will be determined in discussion with the audit firm. In addition, our earnings guidance is disclosed on a Non-GAAP basis, and we have not disclosed the net income attributable to owners of the parent for the current year.
Outlook and cautions
The impact of the transfer is expected to be reflected in the December 2026 results, and is subject to changes based on exchange rate assumptions. Final confirmation will be disclosed after discussions with the audit firm, and current estimates may change.
Renesas Electronics Corporation
Company overview · Stock price · Financial data · All IR
