Look beyond the messy initial public offering of Japan Display Inc. and there’s a surprising tale in the numbers: The government helped combine three struggling businesses, restructure them to turn the combined entity profitable — and made money in the process.
The government-backed Innovation Network Corp. of Japan invested ¥200 billion in the Tokyo-based company in 2012. Sony Corp., Toshiba Corp. and Hitachi Ltd., which all lacked the scale to compete individually in the market for making smartphones and tablet displays, dumped their units into one new company.
Unable to view this article?
This could be due to a conflict with your ad-blocking or security software.
Please add japantimes.co.jp and piano.io to your list of allowed sites.
If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.
We humbly apologize for the inconvenience.