Renesas Electronics Corporation reported consolidated and non consolidated financial results for the year ended March 31, 2013. For the period, the company reported consolidated net sales of ¥785,764 million compared to ¥883,112 million a year ago. Operating loss was ¥23,217 million against ¥56,750 million a year ago. Net loss was ¥167,581 million against ¥62,600 million a year ago. Net loss per basic share was ¥401.76 against ¥150.08 per share a year ago. Ordinary loss was ¥26,862 million against ¥61,228 million a year ago. Cash flows from operating activities were ¥54,101 million against ¥9,696 million a year ago. Capital expenditures were ¥137.1 billion. Net assets as of March 31, 2013 was ¥77.9 per share. For the quarter, the company reported non-consolidated net sales of ¥676,275 million compared to ¥733,890 million a year ago. Operating loss was ¥61,050 million against ¥79,678 million a year ago. Net loss was ¥189,002 million against ¥46,337 billion a year ago. Net loss per basic share was ¥453.11 against ¥111.09 per share a year ago. Ordinary loss was ¥30,781 million against ¥56,186 million a year ago.

Renesas Electronics Corporation, Board Meeting, May 09, 2013. Agenda: To consider the nomination of part of a candidate for the Member of the Board to be submitted for approval at the Ordinary General Meeting of Shareholders held in June 2013; and to consider the changes in its Representative Directors as well as the titles to be officially appointed at a meeting of the Board of Directors scheduled after the Ordinary General Meeting of Shareholders.

Renesas Electronics Corporation announced that it will name Omron Corp. Chairman Hisao Sakuta as its chief executive officer and chairman as part of its efforts to turn around its corporate fortunes. Sakuta, 68, will lead the major automobile microcontroller maker after he leaves Omron on June 20. Renesas President Tetsuya Tsurumaru, who assumed the presidency in February, will retain his post. In June 2003, Sakuta became the first Omron president to come from outside its founding Tateishi family. He has since directed the control equipment maker to put greater emphasis on auto-related electronics parts.