Renesas Electronics Corp (RNECF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you very much for taking time out of your busy schedule today to attend the Renaissance Electronic Screening School for the first quarter of FY25. Simultaneous translation is available today. Please click on the interpretation icon at the bottom of the screen and select your language. Speakers, please turn on your camera. Speakers, today, Mr. Hidetoshi Shibata, President and CEO, and Shuhei Shinkai, Senior Vice President and CFO. Staff members are also present. After the brief report from Mr. Shibata, Mr. Shinkai will explain the post-referential results. This will be a follow-up question and answer session. The entire presentation is scheduled to last 60 minutes. The presentation material is uploaded on the IR section of the company's website. Mr. Shibata, the floor is yours. Please unmute yourself. Good morning, everyone. This is Shibata speaking. Regarding the guidance for the second quarter, the tariff impact is still uncertain. So we have not logically reflected impact of the term in the guidance. However, having said that, even with uncertainties, we do see some abstract view about the upside opportunity and downside risk. So we did reflect some haircut, but there is no logical a background behind that, but it's more of a psychological haircut. And looking at the market view, roughly speaking, sorry for repeating myself, but there are both the positives and the negatives, but for automotive business, I think there will be some conservatism, mainly in a wait-and-see mode. For industrial and F.A., it seems that no material change has taken place. The inventory correction was nearly completed in Q1, and we observed some very gradual recovery. But looking out in the future, there are still uncertainties moving forward with a terrific impact. And, relatively s...