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 \u00a54,433 billion, using the exchange rate) and how future earnings guidance will be 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Corporation","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-07-01","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/07\/6723-20260701-01.pdf","jir_short_summary":"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 \u00a54,433 billion, using the exchange rate) and how future earnings guidance will be handled.","jir_summary":"### Overview\nWe 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 \u00a54,433 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.\n\n### Outlook and cautions\nThe 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.","jir_financial_highlights":"Expected transfer gain: About \u00a54,433 billion (Uncertain)\nTransfer completion date: July 1, 2026 (Uncertain)","jir_category":"","jir_hashtags":"#RenesasElectronics, #IR, #JapanStocks","jir_key_figures":"Transfer gains: About \u00a54,433 billion\nTransfer completion date: July 1, 2026\nExchange rate assumption: \u00a5162 per USD (as of transaction date)","jir_meta_title":"Renesas Electronics: Announcement of subsidiary business transfer completion | July 2026","jir_meta_description":"Renesas transfers Timing business to SiTime, with expected transfer gains of \u00a54,433 billion and clarity on Non-GAAP-based earnings outlook and confirmation timing.","jir_og_title":"Renesas Electronics announces completion of Timing business transfer","jir_og_description":"Completion of the Timing business transfer by the consolidated subsidiary. Expected transfer gains of about \u00a54,433 billion, and Non-GAAP-based outlook going forward. Confirmation after discussions with the audit firm.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":6885,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"corporate_restructuring","footnotes":""},"sector":[],"importance":[],"class_list":["post-74875","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"\n