Business / Corporate Aug 28, 2020
Japan Display to sell part of Ishikawa panel plant to Sharp for $390 million
The firm will use funds to be received from Sharp and Apple to pay back a large portion of its outstanding debts.
Business / Corporate Jul 16, 2020
Apple watch supplier Japan Display in talks on smartphone OLED investment
Japan Display is developing a technology that will deliver OLED screens that are sharper, less power hungry and easier to produce, the company’s CEO says.
Business / Corporate Jun 30, 2020
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 ...
Business / Corporate May 20, 2020
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.
Business / Corporate Mar 26, 2020
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 ...
Business / Corporate Jan 9, 2020
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 ...
Business Dec 27, 2019
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 ...
Business / Corporate Dec 24, 2019
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 ...
Business / Corporate Dec 12, 2019
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 ...
Business / Corporate Dec 6, 2019
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. ...
Business / Corporate Nov 28, 2019
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 ...
Business / Corporate Nov 21, 2019
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 ...