Semiconductor major Renesas falls into the red
Renesas Electronics Corp., a major semiconductor manufacturer, ended its business for the past year due to a slowdown in the Chinese economy and a decline in orders for semiconductors for factory production equipment.
Renesas Electronics announced on the 12th that the year-end financial results for the year to December last year were 718.2 billion yen, a 5.1% decrease from the previous year, and the final profit and loss was a change from the previous year when the profit was 50.9 billion yen surplus As a result, the deficit was 5.9 billion yen.
The final deficit was mainly due to a decline in orders for semiconductors for factory production equipment and automobiles due to the slowdown in the Chinese economy since the fiscal year ended March 2014, when the fiscal year was one year until March. Factor.
Meanwhile, the company said it has resumed operations at two plants in Beijing, China and Suzhou, Jiangsu Province, on the effects of the growing outbreak of the new coronavirus.
At this time, we do not anticipate any impact on future orders, but we expect sales to decline by about 2% in the three months to the next month due to a two-week suspension of shipments.
Renesas said, "The occupancy rate of the factory that resumed operation is about 50%, and we expect full operation in the next week. However, there are also issues such as whether employees can return to the factory as expected and how much inventory of parts is kept, It is possible that the occupancy rate will remain low. "