Renesas Electronics Corporation (RNECF) Q3 2023 Earnings Call Transcript


Renesas Electronics Corporation (OTCPK:RNECF) Q3 2023 Earnings Conference Call October 26, 2023 2:30 AM ET

Company Participants

Hidetoshi Shibata – President and Chief Executive Officer

Shuhei Shinkai – SVP and Chief Financial Officer

Conference Call Participants

Toru Sugiura – Daiwa Securities

Daiki Takayama – Goldman Sachs

Takero Fujiwara – Citigroup

Masaya Yamasaki – Nomura Securities

Kazuo Yoshikawa – Morgan Stanley MUFG Securities

Operator

[Foreign Language] [Interpreted] Hello. If you would like to hear this session in English, please click the globe icon on the bottom of the screen and select English channel. Good afternoon, everyone. Thank you very much for taking time out of your busy schedules to join us today for the Q3 2023 Financial Results Briefing of Renesas Electronics Corporation. Simultaneous interpretation channel is available. Click on the earth symbol at the bottom of the screen and select language accordingly. Speakers, please turn on your video.

In attendance for today’s briefing are Mr. Hidetoshi Shibata, President and CEO; and Mr. Shuhei Shinkai, Senior Vice President and CFO; and other staff members. After the initial remarks by Mr. Shibata, Mr. Shinkai will give an overview of Q3 earnings results followed by question-and-answer session. The entire briefing is scheduled to last for approximately 60 minutes.

The materials used in today’s presentation are the same as those posted on the IR page of our website. Mr. Shibata, please unmute and please start.

Hidetoshi Shibata

Good afternoon everyone. This is Shibata. As for the earnings results from Q3 2023, it is as you have seen, it was slightly better than expected. There are no surprises. On the other hand, as for our outlook for Q4, in comparison to the beginning of the year, it seems that the environment has somewhat changed, as I believe you have noticed.

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