Komori
Earnings presentation6723Renesas Electronics CorporationElectrical Equipment and Precision Instruments

Q3 FY2026 Earnings Briefing Materials

In Q3 FY2026, revenue increased 30.2% year on year and operating profit increased by ¥47.3 billion. Rather than providing a full-year earnings forecast, the company mainly discloses a forecast range for Q4.

Worth reading
72In focus
Scored from 4 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
473
¥100 million
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationQ3 FY20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥4,352 100 million+30.2%
Operating profit¥1,505 100 million+45.8%
Net income¥1,250 100 million+41.7%
Gross Profit Margin59.4 %
Operating profit margin34.6 %
Selling, general and administrative expenses¥1,078 100 million
Results for the three months of the current quarter
Revenue
¥4,352 100 million
Operating profit
¥1,505 100 million
Profit for the period attributable to owners of the parent
¥1,250 100 million
Gross Profit Margin
59.4 %
Operating profit margin
34.6 %
Full-year earnings forecast
Revenue
¥16,668 100 million
Range±¥7.5 billion
Gross Profit Margin
58.6 %
Operating profit margin
33.2 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Yen depreciation
  • Improved mix
  • Lower manufacturing costs
  • Increase in operating expenses

The company identifies the factors but does not state the amount attributable to each one.

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
U.S. dollar exchange rate
¥158
Euro exchange rate
¥183
Fourth-Quarter US Dollar Exchange Rate
¥157
Fourth-Quarter Euro Exchange Rate
¥178
Key KPIsA metric the company considers important as a management benchmark.
  • Company inventory DOIIncreased
  • Distribution-channel inventory WOIIncreased
  • Front-end utilization rate
  • EBITDA¥1,734 100 million
    Year-on-year (%)41.5
  • Net debt-to-equity ratio0.18 times
Segment results
  • Automotive
    Revenue¥1,895 100 million
    Year-on-Year Change in Revenue (%)19.3
    Operating profit¥623 100 million
    Operating profit year-on-year_pct11.1
  • Industrial, Infrastructure and IoT
    Revenue¥2,438 100 million
    Year-on-Year Change in Revenue (%)46.4
    Operating profit¥883 100 million
    Operating profit year-on-year_pct93
  • Other
    Revenue¥19 100 million
    Year-on-Year Change in Revenue (%)-78.7
    Operating profit¥0 100 million
    Operating profit year-on-year_pct-100
Medium-term management plan targets
2035 Aspiration6x market capitalization
Target fiscal year2035
Capital expenditures
Third quarter
¥226 100 million
Full-year forecast
¥1,112 100 million
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredQ3 FY2026
Net Sales¥4,352 100 million (YoY +30.2%)
Operating profit¥1,505 100 million (YoY +45.8%)
Net income¥1,250 100 million (YoY +41.7%)
Gross Profit Margin59.4 %
Operating profit margin34.6 %
Selling, general and administrative expenses¥1,078 100 million
Results for the three months of the current quarterRevenue ¥4,352 100 million / Operating profit ¥1,505 100 million / Profit for the period attributable to owners of the parent ¥1,250 100 million / Gross Profit Margin 59.4 % / Operating profit margin 34.6 %
Full-year earnings forecastRevenue ¥16,668 100 million / Gross Profit Margin 58.6 % / Operating profit margin 33.2 % / Operating profit Not disclosed
Segment resultsSegment Automotive / Revenue ¥1,895 100 million / Year-on-Year Change in Revenue (%) 19.3 / Operating profit ¥623 100 million / Operating profit year-on-year_pct 11.1, Segment Industrial, Infrastructure and IoT / Revenue ¥2,438 100 million / Year-on-Year Change in Revenue (%) 46.4 / Operating profit ¥883 100 million / Operating profit year-on-year_pct 93, Segment Other / Revenue ¥19 100 million / Year-on-Year Change in Revenue (%) -78.7 / Operating profit ¥0 100 million / Operating profit year-on-year_pct -100
Breakdown of Factors Affecting the ChangeFactors Yen depreciation / Amount Not disclosed, Factors Improved mix / Amount Not disclosed, Factors Lower manufacturing costs / Amount Not disclosed, Factors Increase in operating expenses / Amount Not disclosed
Key KPIsIndicator name Company inventory DOI / Value Increased / Year on year against the same period last year Not disclosed, Indicator name Distribution-channel inventory WOI / Value Increased / Year on year against the same period last year Not disclosed, Indicator name Front-end utilization rate / Value Not disclosed / Year on year against the same period last year Not disclosed, Indicator name EBITDA / Value ¥1,734 100 million / Year-on-year (%) ¥41.5 100 million, Indicator name Net debt-to-equity ratio / Value 0.18 times / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookU.S. dollar exchange rate ¥158 / Euro exchange rate ¥183 / Fourth-Quarter US Dollar Exchange Rate ¥157 / Fourth-Quarter Euro Exchange Rate ¥178
Medium-term management plan targets2035 Aspiration 6x market capitalization / Target fiscal year 2035
Capital expendituresThird quarter ¥226 100 million / Full-year forecast ¥1,112 100 million
Items this document does not state (15)
Ordinary incomeProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The company cites yen depreciation, an improved product mix, lower manufacturing costs and higher gross profit. It also attributes the increase in sales to higher revenue from its automotive business and its industrial, infrastructure and IoT businesses.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Q3 FY2026 Earnings Briefing Materials | Renesas Electronics Corporation (6723) timely disclosure | Komori