Financial Highlights for Renesas Electronics: 2024 Through Numbers
Renesas Electronics Corporation's Financial Overview
Renesas Electronics Corporation (TSE: 6723) has reported its consolidated financial results for the year ending December 31, 2024. This update provides detailed financial metrics under IFRS, shedding light on the company’s ongoing performance and strategic directives.
Key Financial Results
The financial metrics for the fourth quarter reveal some compelling figures. During the last quarter of 2024, Renesas achieved a revenue milestone of 292.6 billion yen, which represents 100% of the total quarterly revenues. In comparison, the entire year recorded revenue amounting to 1,348.5 billion yen, sustaining its position in the market.
Profitability Metrics
The gross profit for the last quarter was reported at 160.5 billion yen, translating to a gross profit margin of 54.9%. Annual gross profit figures climbed to 756.3 billion yen, reflecting a 56.1% margin. Furthermore, the operating profit for the quarter was 75.4 billion yen (25.8% margin), whereas the year-end total operating profit reached 397.9 billion yen, representing a 29.5% margin.
Yearly Summary
Over the year, profit attributable to the owners of the parent stands at 71.9 billion yen for the fourth quarter, equating to 24.6% of revenues. Annually, this profit accumulates to 360.4 billion yen, yielding a margin of 26.7%. Furthermore, examining EBITDA, the figure for the last quarter reached 98.2 billion yen with a margin of 33.6%, compared to 486.2 billion yen (36.1% margin) for the full year.
Growth Perspectives
Renesas continues to offer robust growth potential as it adapts to evolving market conditions and seeks innovative pathways for expansion. The company remains optimistic about maintaining profitability and enhancing shareholder value through strategic initiatives and operational efficiencies.
Future Projections and Dividend Considerations
Renesas is projected to continue navigating through market challenges while seizing opportunities for growth. As the company approaches its annual general meeting scheduled for March 2025, discussions surrounding dividends for the financial year ending in 2024 will be crucial.
Staying Connected
As Renesas reinforces its commitment to innovation and customer satisfaction, it appreciates input from its stakeholders. The company actively invites inquiries regarding its financial performance and strategies moving forward.
Frequently Asked Questions
What financial results did Renesas announce for 2024?
Renesas reported a revenue of 1,348.5 billion yen for 2024, with substantial gross and operating profits reflecting its enduring market position.
How does Renesas ensure profitability?
By focusing on operational efficiencies and strategic initiatives tailored to enhance margins, Renesas continuously seeks to optimize profitability.
What are the key profit margins Renesas achieved?
For 2024, the gross profit margin was 56.1%, while the operating profit margin stood at 29.5%.
When will the dividend be discussed for financial year 2024?
The company plans to discuss dividends at its annual general meeting scheduled for March 2025.
How can stakeholders reach out regarding financial inquiries?
Stakeholders are encouraged to connect with Renesas's investor relations for queries related to financial performance and strategy.
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