Renesas Electronics Announces Consolidated Forecasts for the Second Quarter and First Half of 2020
The consolidated forecasts for the second quarter of 2020 are calculated at the rate of 108 yen per USD and 118 yen per Euro, and the consolidated forecasts for the first half of 2020 are calculated at a rate of 109 yen per USD and 119 yen per Euro.
- The consolidated forecasts for the second quarter of 2020 are calculated at the rate of 108 yen per USD and 118 yen per Euro, and the consolidated forecasts for the first half of 2020 are calculated at a rate of 109 yen per USD and 119 yen per Euro.
- Due to the uncertainty of impacts from the worldwide COVID-19 pandemic to Renesas business, it was difficult to make a reasonable calculation of the financial forecasts and therefore the consolidated financial forecasts for the second quarter of 2020 were undetermined.
- In regard to demands, some effects from the weakening demand have begun to surface and expected impacts have been calculated into the consolidated forecasts for the second quarter of 2020.
- The financial forecasts for the second quarter and first half of 2020 are based on the information the Group has available at this current time and includes risks and uncertainties.