Renesas Electronics Announces Partial Correction
Update on "Renesas Electronics Announces Share Issue through Third-Party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies"
1. Process Leading to Corrections
With the allotment of third-party shares, Innovation Network Corporation of Japan now possesses 69.16 percent of the voting rights in Renesas, becoming the new largest shareholder who is a major shareholder and the non-parental controlling shareholder. On the other hand, Renesas announced on December 10, 2012 in the news release "Renesas Electronics Announces Share Issue through Third-Party Allotment, and Change in Major Shareholders, Largest Shareholder who is a Major Shareholder, Parent Company and Other Related Companies," that Innovation Network Corporation of Japan would become the parent company of Renesas. However, following subsequent consideration resulting in the conclusion that Innovation Network Corporation of Japan aims to promote investment, that it is obtaining shares in Renesas in order to realize capital gains, etc., it was determined that the role of Innovation Network Corporation of Japan does not correspond to that of parent company of Renesas.
As a result of the third-party share allotment, Hitachi, Ltd., Mitsubishi Electric Corporation, and NEC Corporation, previously categorized as both "major shareholders of Renesas Electronics" and "other related companies," are no longer classified as such.
2. Outline of changed shareholders
(1) Outline of the company which has become the major shareholder who is the largest shareholder, and the non-parental controlling shareholder
(2) Outline of the company ceased to be a major shareholder and other related company
(3) Number of shares held by shareholder (the number of voting rights) and the ratio of total voting rights before and after the change
(4) Date of Changes
: September 30, 2013
(5) Financial Outlook
The changes do not have impact on Renesas' consolidated financial results.
Renesas Electronics Europe
Renesas Electronics Corporation (TSE: 6723), the world's number one supplier of microcontrollers, is a premier supplier of advanced semiconductor solutions including microcontrollers, SoC solutions and a broad range of analog and power devices. Business operations began as Renesas Electronics in April 2010 through the integration of NEC Electronics Corporation (TSE:6723) and Renesas Technology Corp., with operations spanning research, development, design and manufacturing for a wide range of applications. Headquartered in Japan, Renesas Electronics has subsidiaries in approximately 20 countries worldwide. More information can be found at www.renesas.com.