Renesas Electronics (6723.T): Issues report on impact of 2026 Kumamoto earthquake

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Renesas Electronics (6723.T): Issues report on impact of 2026 Kumamoto earthquake

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29 Jul 2026 02:29:43 ET │ 10 pages

Renesas Electronics (6723.T)

Issues report on impact of 2026 Kumamoto earthquake

CITI'S TAKE

Neutral Renesas Electronics issued its first report on the business impact of the

2026 Kumamoto earthquake on July 29. According to the press release, Price (28 Jul 26 15:30) ¥3,462.0

both the Kawashiri plant (front-end processes, located in Minami-ku, Target price ¥5,200.0

Kumamoto City, which recorded an upper 6 on the Japanese seismic Expected share price return 50.2%

intensity scale) and the Nishiki plant (back-end processes, Nishiki-machi, Expected dividend yield 1.0%

Kuma District, which recorded a 4) have suspended operations since the Expected total return 51.2%

earthquake occurred. Renesas says that both plants have no issues with

Market Cap ¥6,281,088M air conditioning or power supply equipment, and that their cleanroom

US$38,336M environments have been maintained. The company states it is

investigating the impact on manufacturing equipment and work-in-

process. We will need to monitor whether manufacturing

equipment/components have been damaged, whether local suppliers Takero FujiwaraAC

have been affected, and whether wafer inventory is available/the +81-3-6776-4642

feasibility of alternative production. takero.fujiwara@citi.com

Example of 2016 — During the 2016 Kumamoto earthquakes (April 14 and April 16),

the Minami-ku area of Kumamoto city (where the Kawashiri plant is located)

recorded seismic intensities (Japan scale) of lower 6 on April 14 and lower 6 on April

16 (with another lower 6 on April 15), while Nishiki-machi in Kuma District (where the

Nishiki plant is located) recorded seismic intensities of 3 and 4. As a result, the