Renesas tally up the costs of the Naka factory fire
Renesas says it has identified that the financial impacts from the fire that occurred at the N3 Building (300mm line) of Naka factory on March 19, 2021. The Japanese company expects a loss of approximately JPY 23.9 billion (about EUR 180 million) in operating profit relating to the fire.
Renesas says that this loss includes operation loss, inventory disposal, and restoration and repairment costs. The company says that it has already incorporated these financial impacts in consolidated financial forecasts for the six months ending June 30, 2021 and that it expects these to remain unchanged. During a press conference held in late April regarding the fire and the recovery of production, the management of Renesas stated that it aims to reach a production capacity of 30% by the end of this week, 50% by the end of April and return to the original 100% by the end of May.