Japan Display posts net loss for sixth year on restructuring costs
Japan Display Inc. said Tuesday it posted a group net loss of ¥101.42 billion ($938 million) in fiscal 2019, a red ink figure for the sixth straight year, due to hefty restructuring costs and weak demand for products. In a delayed earnings report due to ...
Japan Display to boost profitability with new image sensor, CEO says
Firm's president says the company is trying to enter the medical and security markets with bendable sensors developed with the University of Tokyo.
Japan Display posts higher April-December net loss on hefty revamp costs
Japan Display Inc. suffered a rough April-December period as sales dropped and restructuring costs took a toll. In a delayed earnings report, the struggling display maker logged a group net loss of ¥110.89 billion for the nine months that ended Dec. 31, worse than a ...
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 ...
