Earnings Report for the 2nd quarter ended June 30, 2026

Summary of Consolidated Financial Results (Non-GAAP basis) (Note 2)

Summary of Consolidated Financial Results (IFRS basis)

Reconciliation of Non-GAAP gross profit to IFRS gross profit and Non-GAAP operating profit to IFRS operating profit

(Billion yen)

(Note) 1. All figures are rounded to the nearest 100 million yen.

1. Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes Non-GAAP measures provide useful information in understanding and evaluating the Group's constant business results.

2. Operating profit + Depreciation and amortization.

3. Non-recurring revenue that the Group has determined should be excluded

4. "Other reconciliation items in non-recurring expenses and adjustments" includes the non-recurring items related to acquisitions and other adjustments as well as non-recurring profits or losses the Group believes to be applicable.

English translation from the original Japanese-language document

Company name : Renesas Electronics Corporation Stock exchanges on which the shares are listed : Tokyo Stock Exchange, Prime Market Code number 6723

URL : https://www.renesas.com

Representative : Hidetoshi Shibata, President and CEO

Contact person : Tomohiko Sato, Vice President, Investor Relations Tel. +81 (0)3-6773-3002

Filing date of Hanki Hokokusho (scheduled) : August 6, 2026

(Amounts are rounded to the nearest million yen, unless otherwise noted)

1. Consolidated financial results for the six months ended June 30, 2026
   1. Consolidated financial results (% of change from corresponding period of the previous year)

      	Revenue		Operating profit		Profit before tax		Profit		Profit attributable to owners of parent		Total comprehensive income
      Six months ended June 30, 2026 Six months ended June 30, 2025	Million yen	%	Million yen	%	Million yen	% - -	Million yen	% - -	Million yen	% - -	Million yen	% - -
      	798,742 634,311	25.9 (10.7)	192,680 61,301	214.3 (58.4)	254,785 (169,288)		217,629 (175,321)		217,333 (175,342)		438,910 (475,677)

      	Basic earnings per share	Diluted earnings per share
      	Yen	Yen
      Six months ended June 30, 2026	119.51	117.47
      Six months ended June 30, 2025	(97.34)	(97.34)

      (Note) 1. Diluted earnings per share is the same as basic earnings per share as there were no dilutive potential common shares outstanding for the six months ended June 30, 2025.

   2. Consolidated financial position

      	Total assets	Total equity	Equity attributable to owners	Ratio of equity attributable to owners
      	Million yen	Million yen	Million yen	%
      June 30, 2026	4,562,527	2,855,550	2,849,646	62.5
      December 31, 2025	4,177,163	2,448,451	2,443,034	58.5

2. Cash dividends

   	Cash dividends per share
   	At the end of first quarter	At the end of second quarter	At the end of third quarter	At the end of year	Total
   Year ended December 31, 2025 Year ended December 31, 2026	Yen 0.00 0.00	Yen 0.00 0.00	Yen 0.00	Yen 28.00	Yen 28.00
   Year ending December 31, 2026 (forecast)			---	---	---

   (Note) Change in forecast of cash dividends since the most recently announced forecast: No

3. Forecast of consolidated results for the nine months ending September 30, 2026

   (% of change from corresponding period of the previous year)

   	Non-GAAP revenue		Non-GAAP gross margin		Non-GAAP operating margin
   	Million yen	%	%	%pts	%	%pts
   Nine months ending September 30,	1,200,113 to 1,215,113	24.0 to 25.6	58.2	1.1	33.0	4.1
   2026

   (Note) 1. The Group reports its consolidated forecast on a quarterly basis as a substitute for a yearly forecast in a range format. The Non-GAAP gross margin and the Non-GAAP operating margin forecasts are provided assuming the midpoint in the Non-GAAP revenue forecast.

   2. Non-GAAP figures are calculated by removing or adjusting non-recurring items and other adjustments from GAAP (IFRS) figures following a certain set of rules. The Group believes Non-GAAP measures provide useful information in understanding and evaluating the Group's constant business results, and therefore forecasts are provided on a Non-GAAP basis.

4. Others

   1. Changes in significant subsidiaries for the six months ended June 30, 2026: No

   2. Changes in Accounting Policies, Changes in Accounting Estimates and Corrections of Prior Period Errors

      1. Changes in accounting policies with revision of accounting standard: No

      2. Changes in accounting policies except for 4.2.1: No

      3. Changes in accounting estimates: No

   3. Number of shares issued and outstanding (common stock)

      1. Number of shares issued and outstanding (including treasury stock) As of June 30, 2026: 1,870,614,885 shares

         As of December 31, 2025: 1,870,614,885 shares

      2. Number of treasury stock

         As of June 30, 2026: 43,125,646 shares

         As of December 31, 2025: 57,280,173 shares

      3. Average number of shares issued and outstanding

         Six months ended June 30, 2026: 1,818,577,257 shares

         Six months ended June 30, 2025: 1,801,305,034 shares

         (Note) Information regarding the implementation of audit procedures: These financial results are not subject to interim review procedures by the independent auditor.

         Cautionary Statement

         The Group will hold an earnings conference for institutional investors and analysts on July 31, 2026. The Group plans to post the materials which are provided at the meeting, on the Group's website on that day.

         The statements with respect to the financial outlook of Renesas Electronics Corporation (hereinafter "the Company") and its consolidated subsidiaries (hereinafter "the Group") are forward-looking statements involving risks and uncertainties. We caution you in advance that actual results may differ materially from such forward-looking statements due to changes in several important factors.

(Notes about Going Concern Assumption) 12

(Basis for Preparation) 12

(Basis of Condensed Interim Consolidated Financial Statements) 12

(Material Accounting Policies) 12

(Significant Accounting Estimates and Judgments) 12

(Business Segments) 13

(Business Combinations) 16

(Trade and Other Receivables) 16

(Assets Held for Sale) 17

(Trade and Other Payables) 17

(Bonds and Borrowings) 18

(Share Capital and Other Equity Items) 18

(Dividends) 18

(Revenue) 18

(Selling, General and Administrative Expenses) 19

(Other Income) 20

(Other Expenses) 21

(Subsequent Events) 21

1. Condensed Interim Consolidated Statement of Financial Position

   (In millions of yen)

   As of December 31, 2025 As of June 30, 2026

   Assets

   Current assets

   Cash and cash equivalents	295,897		376,017
   Trade and other receivables	169,124		207,210
   Inventories	185,903		212,133
   Other current financial assets	38,601		45,772
   Income taxes receivable	10,757		15,990
   Other current assets	23,277		33,535
   Subtotal	723,559		890,657
   Assets held for sale	-		315,803
   Total current assets	723,559		1,206,460

   Non-current assets

   Property, plant and equipment	355,835		367,107
   Goodwill	2,239,337		2,016,301
   Intangible assets	593,324		549,186
   Investments accounted for using the equity method	825		1,018
   Other non-current financial assets	168,363		322,639
   Deferred tax assets	51,414		52,762
   Other non-current assets	44,506		47,054
   Total non-current assets	3,453,604		3,356,067
   Total assets	4,177,163		4,562,527

   Liabilities and equity Liabilities

   Current liabilities

   (In millions of yen) As of December 31, 2025 As of June 30, 2026

   Trade and other payables	219,167		233,182
   Bonds and borrowings	242,478		247,818
   Other current financial liabilities	9,477		7,351
   Income taxes payable	24,377		40,517
   Provisions	4,099		4,478
   Other current liabilities	116,782		119,838
   Subtotal	616,380		653,184
   Liabilities directly associated with assets held for sale	-		226
   Total current liabilities	616,380		653,410

   Non-current liabilities

   Trade and other payables	7,070		1,578
   Borrowings	964,089		910,092
   Other non-current financial liabilities	14,598		15,608
   Income taxes payable	4,393		4,350
   Retirement benefit liability	22,516		22,058
   Provisions	3,551		3,560
   Deferred tax liabilities	83,479		81,473
   Other non-current liabilities	12,636		14,848
   Total non-current liabilities	1,112,332		1,053,567
   Total liabilities	1,728,712		1,706,977

   Equity

   Share capital	153,209		153,209
   Capital surplus	299,286		310,810
   Retained earnings	1,213,791		1,370,809
   Treasury shares	(70,012)		(53,168)
   Other components of equity	846,760		1,067,986
   Total equity attributable to owners of parent	2,443,034		2,849,646
   Non-controlling interests	5,417		5,904
   Total equity	2,448,451		2,855,550
   Total liabilities and equity	4,177,163		4,562,527

2. Condensed Interim Consolidated Statement of Profit or Loss and Condensed Interim Consolidated Statement of Comprehensive Income

   Condensed Interim Consolidated Statement of Profit or Loss (Six months ended June 30, 2025 and June 30, 2026)

   			(In millions of yen)
   	Six months ended		Six months ended
   	June 30, 2025		June 30, 2026
   Revenue	634,311		798,742
   Cost of sales	(280,107)		(330,331)
   Gross profit	354,204		468,411
   Selling, general and administrative expenses	(263,687)		(272,057)
   Other income	2,283		4,159
   Other expenses	(31,499)		(7,833)
   Operating profit	61,301		192,680
   Finance income	6,829		73,021
   Finance costs	(237,180)		(10,664)
   Share of loss of investments accounted for using equity method	(238)		(252)
   Profit (loss) before tax	(169,288)		254,785
   Income tax expense	(6,033)		(37,156)
   Profit (loss)	(175,321)		217,629
   Profit (loss) attributable to
   Owners of parent	(175,342)		217,333
   Non-controlling interests	21		296
   Profit (loss)	(175,321)		217,629
   Earnings (losses) per share
   Basic earnings (losses) per share (yen)	(97.34)		119.51
   Diluted earnings (losses) per share (yen)	(97.34)		117.47

   Condensed Interim Consolidated Statement of Comprehensive Income (Six months ended June 30, 2025 and June 30, 2026)

   Six months ended June 30, 2025

   (In millions of yen) Six months ended

   June 30, 2026

   (175,321)		217,629
   (42)		(154)
   414		85,028
   372		84,874

   Profit (loss)

   Other comprehensive income

   Items that will not be reclassified to profit or loss Remeasurements of defined benefit plans

   Equity instruments measured at fair value through other comprehensive income

   Total of items that will not be reclassified to profit or loss

   Items that may be reclassified subsequently to profit or loss

   Exchange differences on translation of foreign operations	(302,250)	135,289
   Cash flow hedges	1,570	381
   Cost of hedges Total of items that may be reclassified subsequently to profit or loss	(48) (300,728)	737 136,407
   Total other comprehensive income	(300,356)		221,281
   Total comprehensive income	(475,677)		438,910

   Comprehensive income attributable to

   Owners of parent	(475,547)		438,413
   Non-controlling interests	(130)		497
   Total comprehensive income	(475,677)		438,910

   Condensed Interim Consolidated Statement of Profit or Loss (Three months ended June 30, 2025 and June 30, 2026)

   Three months ended

   (In millions of yen) Three months ended

   	June 30, 2025		June 30, 2026
   Revenue	325,534		418,449
   Cost of sales	(144,192)		(173,337)
   Gross profit	181,342		245,112
   Selling, general and administrative expenses	(128,369)		(140,223)
   Other income	1,732		668
   Other expenses	(14,929)		(3,441)
   Operating profit	39,776		102,116
   Finance income	4,005		73,802
   Finance costs	(239,678)		(5,529)
   Share of loss of investments accounted for using equity method	(160)		(122)
   Profit (loss) before tax	(196,057)		170,267
   Income tax expense	(5,326)		(20,885)
   Profit (loss)	(201,383)		149,382
   Profit (loss) attributable to
   Owners of parent	(201,348)		149,184
   Non-controlling interests	(35)		198
   Profit (loss)	(201,383)		149,382
   Earnings (losses) per share
   Basic earnings (losses) per share (yen)	(111.46)		81.83
   Diluted earnings (losses) per share (yen)	(111.46)		80.50

   Condensed Interim Consolidated Statement of Comprehensive Income (Three months ended June 30, 2025 and June 30, 2026)

   Three months ended June 30, 2025

   (In millions of yen) Three months ended

   June 30, 2026

   Profit (loss) (201,383) 149,382

   Other comprehensive income

   Items that will not be reclassified to profit or loss

   Remeasurements of defined benefit plans (56) (55)

   Equity instruments measured at fair value through other comprehensive income

   Total of items that will not be reclassified to profit or loss

   281 87,978

   225 87,923

   Items that may be reclassified subsequently to profit or loss

   Exchange differences on translation of foreign operations	(95,161)	61,192
   Cash flow hedges	235	(292)
   Cost of hedges Total of items that may be reclassified subsequently to profit or loss	(258) (95,184)	69 60,969
   Total other comprehensive income	(94,959)		148,892
   Total comprehensive income	(296,342)		298,274

   Comprehensive income attributable to

   Owners of parent	(296,375)		298,007
   Non-controlling interests	33		267
   Total comprehensive income	(296,342)		298,274

3. Condensed Interim Consolidated Statement of Changes in Equity

(Six months ended June 30, 2025)

(In millions of yen)

(Six months ended June 30, 2026)

(In millions of yen)

Cash flows from investing activities

1. Notes to Condensed Interim Consolidated Financial Statements

   (Notes about Going Concern Assumption) Not applicable.

   (Basis for Preparation)

   1. Basis of measurement

      The condensed interim consolidated financial statements of the Group are measured at an acquisition cost except for items such as financial instruments measured at fair value.

   2. Functional currency and presentation currency

      The condensed interim consolidated financial statements are presented in Japanese yen (rounded to the nearest million yen), which is the functional currency of the Company.

   3. Change in Presentation

(Condensed Interim Consolidated Statement of Cash Flows)

Within cash flows from operating activities category, "Decrease (increase) in other current assets," which was disclosed in "Other" for the six months ended June 30, 2025, has been presented separately for the six months ended June 30, 2026 due to the increase in its materiality.

As a result, in the consolidated statement of cash flows for the six months ended June 30, 2025, "Decrease (increase) in other current assets" of 1,108 million yen is separately presented under cash flows from operating activities. Consequently, "Other" of cash flows from operating activities has been revised from 2,713 million yen to 1,605 million yen.

(Basis of Condensed Interim Consolidated Financial Statements)

1. Scope of consolidation

   1. Three companies have been excluded from the scope of consolidation due to mergers.

   2. Two companies have been newly included in the scope of consolidation due to acquisitions.

   3. Two companies have been excluded from the scope of consolidation due to liquidation.

2. Scope of Application of equity method

No change in the scope of application of equity method.

(Material Accounting Policies)

The material accounting policies for the condensed interim consolidated financial statements of the Group are the same as the accounting policies applied in preparing the Group's consolidated financial statements for the year ended December 31, 2025.

In addition, income taxes for the six months ended June 30, 2026 are calculated using the estimated annual effective tax rate.

(Significant Accounting Estimates and Judgments)

In preparing the condensed interim consolidated financial statements, management of the Group makes judgements, accounting estimates and assumptions that could have an impact on the application of accounting policies and the reporting amounts of assets, liabilities, revenue and expenses. These estimates and assumptions are based on the best judgment of management, taking into account various factors that are deemed reasonable on the closing date in light of past experience and available information. However, figures based on these estimates and assumptions may differ from the actual results due to their nature.

Estimates and underlying assumptions are reviewed continuously. The results of the review of these estimates are reflected in the period when the estimates are revised and for the future periods.

Except as described below, the significant accounting estimates and judgments for the condensed interim consolidated financial statements for the six months ended June 30, 2026 are the same as those applied in the consolidated financial statements for the year ended December 31, 2025.

Basis of consolidation

The Company's U.S. subsidiary holds 16,852,372 shares of common stock, warrants for 4,943,555 additional shares of common stock and convertible notes of Wolfspeed, Inc (hereinafter "Wolfspeed"). However, these shares are subject to holding limitations (exercise of warrants or conversion of convertible notes exceeding 39.9% is invalid) and voting rights limitations (limited to 9.9%).

Accordingly, neither the Company nor its U.S. subsidiary has control over, or significant influence on, Wolfspeed.

Therefore, Wolfspeed is not included in the scope of consolidation of the Group, nor does the equity method of accounting apply.

(Business Segments)

1. Overview of reportable segments

   The Group's reportable segments are components of the Group for which separate financial information is available that is evaluated regularly by the Company's Board of Directors to determine the allocation of management resources and assess performance.

   The Group mainly consists of "Automotive Business" and "Industrial/Infrastructure/IoT Business" and those are the Group's reportable segments. The Automotive Business includes the product categories "Automotive control," comprising semiconductor devices for controlling automobile engines and bodies, and "Automotive information," comprising semiconductor devices used in sensing systems for detecting environments inside and outside the vehicle as well as automotive information devices such as IVI (In-Vehicle Infotainment) and instrument panels used to give various information to the driver of the vehicle. The Group mainly supplies MCUs (microcontrollers), SoC (System-On-Chip), analog semiconductor devices and power semiconductor devices in each of these categories. The Industrial/Infrastructure/IoT Business includes the product categories "Industrial," "Infrastructure" and "IoT" which support the smart society. The Group mainly supplies MCUs, SoC, analog semiconductor devices and power semiconductor devices in each of these categories. Additionally, commissioned development and manufacturing from the Group's design and manufacturing subsidiaries are categorized as "Other."

   (Changes in Reportable Segments)

   The Company announced that the Company's U.S. subsidiary and SiTime Corporation (hereinafter "SiTime") signed a definitive agreement to transfer the Company's Timing Business to SiTime. The transfer was approved by the Company's Board of Directors on February 5, 2026. Following this change, the reportable segment classification for the relevant business has been reclassified from "Automotive Business" and "Industrial/Infrastructure/IoT Business" to "Other" beginning with the six months ended June 30, 2026.

   Note that segment information for the six months ended June 30, 2025, has been prepared based on the categorization method following the change.

2. Information on reportable segments

   The accounting treatment for the reportable segments is the same as described in "(Material Accounting Policies)." The Group discloses revenue from external customers, segment gross profit, and segment operating profit (which is the segment profit).

   Revenue from external customers, segment gross profit, and segment operating profit are internal key performance indicators which are used by management when making decisions and are calculated by excluding the following items from IFRS revenue, gross profit and operating profit (Adjustments 2): amortization of purchased intangible assets and depreciation of property, plant and equipment related to business combinations; certain share-based payment expenses; non-recurring revenue that the Group has determined should be excluded; and other non-recurring items. Other non-recurring items include costs related to acquisitions and gains and losses the Group believes to be appropriate for deduction. However, non-recurring revenue that the Group has determined should be excluded; and certain other non-recurring items the Group believes to be covered by each reportable segment and other segment are included in revenue from external customers, segment gross profit, and segment operating profit (Adjustments 1). The Company's Board of Directors assesses the performance after eliminating intragroup transactions, and therefore, there are no transfers between the reportable segments included within the segment results.

   Information on reportable segments is as follows.

   (Six months ended June 30, 2025) (In millions of yen)

   	Reportable Segments		Other	Adjustments 1	Total	Adjustments 2	Consolidation basis
   	Automotive	Industrial/ Infrastructure/ IoT
   Revenue from external customers	316,306	298,383	18,725	-	633,414	897	634,311
   Segment gross profit	165,342	181,548	12,072	618	359,580	(5,376)	354,204
   Segment operating profit	83,598	67,130	7,137	17,824	175,689	(114,388)	61,301
   Finance income							6,829
   Finance costs							(237,180)
   Share of loss of
   investments accounted for using							(238)
   equity method
   Loss before tax							(169,288)
   (Other items) Depreciation and amortization	21,929	15,667	444	-	38,040	60,001	98,041

   (Six months ended June 30, 2026) (In millions of yen)

   	Reportable Segments		Other	Adjustments 1	Total	Adjustments 2	Consolidation basis
   	Automotive	Industrial/ Infrastructure/ IoT
   Revenue from external customers	358,679	412,206	27,458	(20,730)	777,613	21,129	798,742
   Segment gross profit	199,777	252,548	19,653	(16,415)	455,563	12,848	468,411
   Segment operating profit	126,061	131,827	14,431	(14,155)	258,164	(65,484)	192,680
   Finance income							73,021
   Finance costs							(10,664)
   Share of loss of
   investments accounted for using							(252)
   equity method
   Profit before tax							254,785
   (Other items) Depreciation and amortization	23,463	18,411	509	(54)	42,329	51,854	94,183

   (Three months ended June 30, 2025) (In millions of yen)

   	Reportable Segments		Other	Adjustments 1	Total	Adjustments 2	Consolidation basis
   	Automotive	Industrial/ Infrastructure/ IoT
   Revenue from external customers	161,377	154,481	8,779	-	324,637	897	325,534
   Segment gross profit	84,524	93,340	6,075	411	184,350	(3,008)	181,342
   Segment operating profit	37,623	38,287	4,070	11,884	91,864	(52,088)	39,776
   Finance income							4,005
   Finance costs							(239,678)
   Share of loss of
   investments accounted for using							(160)
   equity method
   Loss before tax							(196,057)
   (Other items) Depreciation and amortization	10,727	7,438	160	-	18,325	25,452	43,777

   (Three months ended June 30, 2026) (In millions of yen)

   	Reportable Segments		Other	Adjustments 1	Total	Adjustments 2	Consolidation basis
   	Automotive	Industrial/ Infrastructure/ IoT
   Revenue from external customers	187,095	216,299	15,055	(13,178)	405,271	13,178	418,449
   Segment gross profit	103,385	131,270	10,976	(10,336)	235,295	9,817	245,112
   Segment operating profit	64,381	68,984	8,265	(8,907)	132,723	(30,607)	102,116
   Finance income							73,802
   Finance costs							(5,529)
   Share of loss of
   investments accounted for using							(122)
   equity method
   Profit before tax							170,267
   (Other items) Depreciation and amortization	11,947	9,367	307	(54)	21,567	25,184	46,751

3. Information on products and services

   Information on products and services is the same as information on the reportable segments and therefore, omitted from this section.

4. Information on regions and countries

The breakdown of revenue from external customers by region is as follows.

Six months ended June 30, 2025

(In millions of yen)

Six months ended June 30, 2026

(Note) Revenue is categorized into the countries and regions based on the location of the customers.

(Business Combinations)

1. Significant business combinations Six months ended June 30, 2025

   There were no significant business combinations during the six months ended June 30, 2025.

   Six months ended June 30, 2026

   There were no significant business combinations during the six months ended June 30, 2026.

2. The contingent consideration

The contingent consideration resulted from the business combination with Panthronics AG (hereinafter "Panthronics")

Contingent consideration includes at most 61 million USD which will be paid based on the contract when several certain conditions (milestones) are met such as future product development and mass production progress of Panthronics.

The fair value of the contingent consideration is calculated as the present value of the amount that may be paid to Panthronics, with consideration of the probability of occurrence.

The level of the fair value hierarchy for the contingent consideration is Level 3. The reconciliation table of the change for the contingent consideration classified in Level 3 from the beginning balance to the ending balance is as described below.

(In millions of yen)

Panthronics changed its company name from Panthronics AG to Renesas Design Austria GmbH on October 12, 2023.

(Trade and Other Receivables)

The components of trade and other receivables are as follows.

(In millions of yen)

As of December 31, 2025 As of June 30, 2026

(Note) Trade and other receivables are classified as financial assets measured at amortized cost.

(Assets Held for Sale)

On May 8, 2026 (U.S. time), approval under the U.S. antitrust laws was obtained for the transfer of the Company's Timing Business to SiTime Corporation.

As a result, the relevant assets and liabilities (Note) have been reclassified as assets held for sale and liabilities directly associated with assets held for sale as of June 30, 2026. For the segments in which the business belongs, please refer to "(Business Segments) (1) Overview of reportable segments." Regarding "Other components of equity" in the Condensed Interim Consolidated Statement of Financial Position for the six months ended June 30, 2026, the cumulative amount of other comprehensive income related to the transfer includes 99,520 million yen.

The transfer was completed on July 1, 2026. For details, please refer to "(Subsequent Events)."

Since the fair value (planned sale price) less costs to sell exceeds the carrying amount, the assets are measured at their carrying amount.

(Note) The transferred business includes not only the Timing Business of the Company's U.S. subsidiary but also assets and liabilities related to the Timing Business held by the Company's other subsidiaries.

The components of assets held for sale and liabilities directly associated with assets held for sale are as follows.

(In millions of yen)

Liabilities directly associated with assets held for sale

Other financial liabilities (non-current)

- 188

Total ― 226

(Trade and Other Payables)

The components of trade and other payables are as follows.

(In millions of yen)

(Note) Trade and other payables are classified as financial liabilities measured at amortized cost.

(Bonds and Borrowings)

1. Bonds

   Six months ended June 30, 2025 Not applicable.

   Six months ended June 30, 2026 Not applicable.

2. Borrowings

Six months ended June 30, 2025

In April 2025, the Company executed a short-term borrowing of 38,000 million yen from MUFG Bank, Ltd., Mizuho Bank, Ltd., and Sumitomo Mitsui Trust Bank, Limited. under a commitment line agreement dated June 25, 2024. The Company repaid 28,000 million yen of the borrowed amount in June 2025.

Additionally, the Company has breached certain financial covenants related to loan agreements for the six months ended June 30, 2025. However, the Company has obtained consent from the financial institutions not to exercise their right to demand immediate repayment due to this breach.

Six months ended June 30, 2026 Not applicable.

(Share Capital and Other Equity Items) Six months ended June 30, 2025

The Company conducted transactions involving the disposal of treasury shares, including the exercise of stock options and the vesting of Restricted Stock Unit (RSU) and Performance Share Unit (PSU), resulting in a decrease of 14,418,893 shares of treasury stock for the six months ended June 30, 2025. As a consequence, treasury shares decreased by 17,158 million yen for the six months ended June 30, 2025.

As a result, the amount of treasury shares held was 74,962 million yen as of June 30, 2025.

Six months ended June 30, 2026

The Company conducted transactions involving the disposal of treasury shares, including the exercise of stock options and the vesting of Restricted Stock Unit (RSU) and Performance Share Unit (PSU), resulting in a decrease of 14,154,527 shares of treasury stock for the six months ended June 30, 2026. As a consequence, treasury shares decreased by 16,844 million yen for the six months ended June 30, 2026.

As a result, the amount of treasury shares held was 53,168 million yen as of June 30, 2026.

(Dividends)

1. Dividend payment amounts

   Six months ended June 30, 2025

   Resolution	Class of shares	Total amount of dividends (million yen)	Dividend per share (yen)	Record date	Effective date	Source of dividend
   March 26, 2025 Annual general meeting of shareholders	Ordinary shares	50,320	28	December 31, 2024	March 31, 2025	Retained earnings

   Six months ended June 30, 2026

   Resolution	Class of shares	Total amount of dividends (million yen)	Dividend per share (yen)	Record date	Effective date	Source of dividend
   March 25, 2026 Annual general meeting of shareholders	Ordinary shares	50,814	28	December 31, 2025	March 30, 2026	Retained earnings

2. Dividends with a record date within the six months ended June 30, 2025, but an effective date is after June 30, 2025, and dividends with a record date within the six months ended June 30, 2026, but an effective date is after June 30, 2026

Six months ended June 30, 2025 Not applicable.

Six months ended June 30, 2026 Not applicable.

(Revenue)

All the revenue arises from contracts with customers. In addition, disaggregation of revenue recognized from contracts with customers is stated in "(Business Segments), (2) Information on reportable segments and (4) Information on regions and countries."

(Selling, General and Administrative Expenses)

The components of selling, general and administrative expenses are as follows.

(In millions of yen)

(Note) Research and development expenses are included in selling, general and administrative expenses. Related expenses such as outsourcing costs, personnel expenses, depreciation and amortization costs and material costs are mainly included in research and development expenses.

(Other Income)

(Other Expenses)

(Note) 1. Business restructuring expenses consist of personnel-related expenses, such as premium retirement payments and other related costs.

2. The main component of impairment losses pertains to the recognition of impairment on assets which are not expected to be utilized and are scheduled for disposal.

(Subsequent Events)

(The completion of transfer of the Timing Business)

As described in "(Assets Held for Sale)," the assets and liabilities related to the Company's Timing Business have been classified as assets held for sale and liabilities directly associated with assets held for sale as of the six months ended June 30, 2026.

The transaction to transfer the business to SiTime Corporation (hereinafter "the Transfer") was completed on July 1, 2026. As the Transfer occurred after the end of the current interim consolidated accounting period, it has not been reflected in the condensed interim consolidated financial statements for the six months ended June 30, 2026.

With the Transfer, the Group expects to recognize gain on sale of the business of approximately 443.3 billion yen based on estimates as of the completion date of the Transfer. However, the final impact on profit or loss, including related tax expenses and other transaction-related expenses, may change as the related calculations are further reviewed and finalized.

(Impact of the Earthquake in Kumamoto Prefecture)

Due to the Kumamoto Earthquake that occurred on July 28, 2026 (JST), the Company's Nishiki Factory (Nishiki Town, Kuma District, Kumamoto Prefecture) and the Kawashiri Factory (Kumamoto City, Kumamoto Prefecture) of Renesas Semiconductor Manufacturing Co., Ltd., a wholly-owned subsidiary of the Company, have been affected. The details of the impact and the amount of damage caused by the earthquake are currently under investigation at both factories.

Renesas Electronics Corporation (TSE: 6723) empowers a safer, smarter and more sustainable future where technology helps make our lives easier. A leading global provider of microcontrollers, Renesas combines our expertise in embedded processing, analog, power and connectivity to deliver complete semiconductor solutions. These Winning Combinations accelerate time to market for automotive, industrial, infrastructure and IoT applications, enabling billions of connected, intelligent devices that enhance the way people work and live. Learn more at renesas.com. Follow us on LinkedIn, Facebook, Twitter, YouTube, and Instagram.

The statements in this press release with respect to the plans, strategies and financial outlook of Renesas and its consolidated subsidiaries (collectively "we") are forward-looking statements involving risks and uncertainties. Such forward-looking statements do not represent any guarantee by management of future performance. In many cases, but not all, we use such words as "aim," "anticipate," "believe," "continue," "endeavor," "estimate," "expect," "initiative," "intend," "may," "plan," "potential," "probability," "project," "risk," "seek," "should," "strive," "target," "will" and similar expressions to identify forward-looking statements. You can also identify forward-looking statements by discussions of strategy, plans or intentions. These statements discuss future expectations, identify strategies, contain projections of our results of operations or financial condition, or state other forward-looking information based on our current expectations, assumptions, estimates and projections about our business and industry, our future business strategies and the environment in which we will operate in the future. Known and unknown risks, uncertainties and other factors could cause our actual results, performance or achievements to differ materially from those contained or implied in any forward-looking statement, including, but not limited to, general economic conditions in our markets, which are primarily Japan, North America, Asia, and Europe; demand for, and competitive pricing pressure on, products and services in the marketplace; ability to continue to win acceptance of products and services in these highly competitive markets; and fluctuations in currency exchange rates, particularly between the yen and the U.S. dollar. Among other factors, downturn of the world economy; deteriorating financial conditions in world markets, or deterioration in domestic and overseas stock markets, may cause actual results to differ from the projected results forecast.

This press release is based on the economic, regulatory, market and other conditions as in effect on the date hereof. It should be understood that subsequent developments may affect the information contained in this presentation, which neither we nor our advisors or representatives are under an obligation to update, revise or affirm.

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Corporate Communications Office Investor Relations

+81 3-6773-3001 +81 3-6773-3002

pr@renesas.com ir@renesas.com

Renesas' Consolidated Financial Results for the Second Quarter Ended June 30, 2026