Renesas Electronics Interim Financial Results for the first time in 7 years
The interim financial results of a major semiconductor manufacturer, Renesas Electronics, became the first operating deficit in this period for the first time in seven years due to a drop in demand due to the slowdown in the Chinese economy.
Renesas Electronics's interim financial results up to June, sales were 342.8 billion yen, a 11.8% decrease compared to the same period of the previous year, and operating profit from the surplus of 56.1 billion yen of the same period of the previous year It turned a deficit of 3.7 billion yen.
This is mainly due to a drop in demand for production equipment at factories and semiconductors for automobiles against the background of the slowdown in the global economy including China.
This is the first time in seven years since 2012 when the business deficit fell into poor performance.
In addition, in order to adjust production, it was revealed that the operation of nine factories in Japan this month will be suspended on average for about a week following May.
Renesas says, “I can't read the effects of the conflict between the United States and China, and the problems between Japan and Korea, but I want to make sure that I can deal with everything.”