Renesas Electronics Full Year 2024 Earnings: EPS Misses Expectations

Renesas Electronics (TSE:6723) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥1.35t (down 8.2% from FY 2023).
• Net income: JP¥219.1b (down 35% from FY 2023).
• Profit margin: 16% (down from 23% in FY 2023).
• EPS: JP¥123 (down from JP¥190 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Renesas Electronics EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 6.6%.

The primary driver behind last 12 months revenue was the Automotive segment contributing a total revenue of JP¥702.8b (52% of total revenue). The largest operating expense was General & Administrative costs, amounting to JP¥524.3b (98% of total expenses). Explore how 6723's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Semiconductor industry in Japan.

Performance of the Japanese Semiconductor industry.

The company's shares are down 2.6% from a week ago.

Risk Analysis

It is worth noting though that we have found 2 warning signs for Renesas Electronics that you need to take into consideration.

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