Japan Display Inc. shareholders have signed off on a bailout plan involving a capital injection from a private Japanese fund to erase its negative net worth so the company can turn itself around. Under the bailout plan, which was approved Wednesday at an extraordinary shareholders ...
Japan Display ends bailout talks with Chinese-Taiwanese consortium
Japan Display Inc. said Wednesday it had formally ended talks with a Chinese-Taiwanese consortium on a bailout plan that has effectively been stalled since September. The struggling display supplier for Apple Inc. said the group led by Chinese Harvest Tech Investment Management Co. did not ...
Japan Display considers selling key plant to Apple and Sharp
Japan Display Inc. is considering selling a major plant in central Japan to Apple Inc. and Sharp Corp. in an apparent bid to improve its balance sheet, sources close to the matter said Friday. The struggling display-maker, also known as JDI, closed the plant in ...
Japan Display to set up new investigation team over improper accounting
Japan Display Inc. said Tuesday it will set up a new investigative team consisting only of outside parties to look into suspected improper accounting after the company's internal probe found questionable figures in previous earnings results. The struggling panel-maker said the internal team, formed earlier ...
Japan Display in talks for ¥90 billion injection from private fund
Japan Display Inc. is in talks with private fund Ichigo Asset Management Ltd. about a capital injection of around ¥90 billion that would shore up its ailing finances, sources close to the matter said Thursday. The struggling display-maker said in a statement that it was ...
Banks to extend loan deadline again for struggling Japan Display
Three major lenders for Japan Display Inc. plan to extend their credit deadlines again to bolster the struggling display-maker's financing as a rescue plan from new investors has yet to be finalized, sources close to the matter said Friday. Mizuho Bank, Sumitomo Mitsui Banking Corp. ...
Fired former executive claims Japan Display engaged in accounting fraud
A former financial executive of Japan Display Inc. has claimed that the ailing company was engaged in accounting fraud in the past. In an email sent to JDI on Tuesday, the executive, who was fired in December last year for allegedly embezzling about ¥578 million ...
Former exec at struggling Japan Display embezzled ¥578 million over four years, firm says
A former executive in charge of accounting at loss-making panel-maker Japan Display Inc. embezzled some ¥578 million ($5.3 million) over a four-year period from 2014, and was dismissed last December, the company said Thursday. The Apple Inc. supplier filed a criminal complaint against the former ...
Japan Display's first half net loss tops ¥100 billion on restructuring costs
Japan Display Inc. reported a group net loss of ¥108.67 billion ($996 million) for the fiscal first half on Wednesday, up more than tenfold from a year earlier, due to massive restructuring costs that saw its negative net worth also surpass ¥100 billion. The red ...
Apple and Taiwan's Wistron offer direct investments to Japan Display
Apple Inc. and Taiwanese electronics giant Wistron Corp. have offered to provide funds directly to struggling Japan Display Inc. separately from the initial finance plan devised under the rescue framework involving Hong Kong's Oasis Management Co., sources close to the matter said Friday. The Japanese ...
Japan Display halts Chiba plant due to damage from heavy rain
Japan Display Inc. has suspended production at its mainstay plant in Mobara, Chiba Prefecture, due to damage from torrential rains that hit the prefecture late last week, it was learned Sunday. Since 6 a.m. Saturday, the plant has halted the production of liquid crystal display ...
Japan Display to receive faster payments from Apple as additional financial support
Japan Display Inc. said Wednesday it will receive further financial support from Apple Inc. and other clients, as part of efforts to quell concerns over its financing arrangements. The ailing display maker said the U.S. tech giant will speed up payments to Japan Display for ...
