---
title: "UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291392805.md"
description: "Renesas Electronics Corporation announced the completion of its timing business transfer to SiTime Corporation, effective July 1, 2026. Renesas expects to record a preliminary gain of approximately 443.3 billion yen in its consolidated financial statements for the nine months ending September 30, 2026. The company will continue to explore partnerships with SiTime and has confirmed no changes to its previous profit forecasts."
datetime: "2026-07-01T09:04:46.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291392805.md)
  - [en](https://longbridge.com/en/news/291392805.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291392805.md)
generator: "portal-rs"
---

# UPDATE: Notice Regarding Completion of Business Transfer of Consolidated Subsidiary

Japan-based Renesas has finalized the transfer of its timing business to SiTime, anticipating a gain of ¥443 billion from the process. The move is projected to have no effect on Renesas' existing forecast.

### Related Stocks

- [6723.JP](https://longbridge.com/en/quote/6723.JP.md)
- [SITM.US](https://longbridge.com/en/quote/SITM.US.md)

## Related News & Research

- [Renesas Electronics (TSE:6723) Joins Autoware As AI Driving Narrative Meets Valuation Debate](https://longbridge.com/en/news/297971041.md)
- [Here's How Much $1000 Invested In SiTime 5 Years Ago Would Be Worth Today](https://longbridge.com/en/news/297962127.md)
- [New Mexico Educational Retirement Board Purchases New Position in SiTime Corporation $SITM](https://longbridge.com/en/news/297422351.md)
- [New Buy Rating for Renesas Electronics (RNECF), the Technology Giant](https://longbridge.com/en/news/297220308.md)
- [Susquehanna Fundamental Investments LLC Invests $4.09 Million in SiTime Corporation $SITM](https://longbridge.com/en/news/297631369.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**