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 ...
Japan Display CEO shows confidence in turnaround with forecast for profit in second half
Japan Display Inc. President and CEO Minoru Kikuoka said Thursday his company is expected to be profitable in the second half of the current business year, which runs through March, with its new OLED products projected to reach the market later this year. Kikuoka, who ...
Japan Display shareholders slam firm over China fund's pullout from bailout plan
Shareholders of Japan Display Inc. gave approval Friday for the embattled company to receive a bailout from a Hong Kong fund and others, but criticized the display-maker over its Chinese sponsor's withdrawal from the rescue plan announced the previous day. Minoru Kikuoka, chief financial officer ...
Japan Display to extend Ishikawa plant closure on soft iPhone sales as it mulls next-gen OLED plan
Japan Display Inc. said Friday it will extend the closure of its plant in Ishikawa Prefecture due partly to Apple Inc.'s weak iPhone sales as it considers a plan to make new organic light-emitting diode displays there instead. The struggling panel maker said in June ...
Japan Display might crank out next-gen OLEDs at Ishikawa plant, Lee says
Japan Display Inc. is exploring the idea of mass producing next-generation organic electroluminescent panels for smartphones at a domestic plant, the CEO of a China-Hong Kong consortium bailing out the troubled Apple Inc. supplier says. Winston Lee, CEO of Suwa Investment Holdings LLC, said making ...
Chinese manufacturers eager to ink OLED panel tie-up with struggling Japan Display
Several Chinese manufacturers are interested in tying up with Japan Display Inc. to mass produce next-generation OLED panels for smartphones, a consortium that has agreed to bail out the troubled Apple Inc. supplier says. "As an independent Japanese company with a recognized leading technology, you ...
