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Japan Display Inc (6740.T)

6740.T on Tokyo Stock Exchange

67JPY
20 Sep 2019
Change (% chg)

¥2 (+3.08%)
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¥65
Open
¥66
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¥67
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¥65
Volume
7,269,800
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18,019,877
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¥135
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¥50

Latest Key Developments (Source: Significant Developments)

Japan Display Says To Return To Health In Financials And Profitability In H2 Of FY2019
Tuesday, 13 Aug 2019 

Aug 13 (Reuters) - Japan Display Inc <6740.T>::CAPITAL INJECTION DISCUSSIONS WITH SUWA, INCJ PROCEEDING WELL WITH A LITTLE DELAY.EXPECTS ITS CAPITAL DEFICIT WILL BE REVERSED BY SUCH CAPITAL INJECTION AND REFINANCING IN Q3 OF FY2019.THERE ARE NO ISSUES IN CASH FLOW SITUATION SINCE SUPPORT BY INCJ AND BANKS IS SOLID.PLANS TO RETURN TO HEALTH IN FINANCIALS AND RETURN TO PROFITABILITY IN H2 OF FY2019.  Full Article

Chinese Investor Group For Japan Display Bailout Deal Says Has Solidified China’S Zhejiang Government Support For Constructing $6 Billion Oled Plant And Its Capital Syndication
Tuesday, 18 Jun 2019 

June 18 (Reuters) - Japan Display Inc <6740.T>::CHINESE INVESTOR GROUP FOR JAPAN DISPLAY BAILOUT DEAL SAYS HAS SOLIDIFIED CHINA’S ZHEJIANG GOVERNMENT SUPPORT FOR CONSTRUCTING $6 BILLION OLED PLANT AND ITS CAPITAL SYNDICATION.  Full Article

Japan Display Inc - To Shrink Mobile Business Including Through Closure Of A Mobara Production Line, Job Cuts
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Japan Display Inc <6740.T>::TO SHRINK MOBILE BUSINESS INCLUDING THROUGH CLOSURE OF A MOBARA PRODUCTION LINE, JOB CUTS.TO SEEK VOLUNTARY RETIREMENT FOR 1,200 JOBS.EXPECTS TO BOOK SPECIAL LOSS OF ABOUT 9 BILLION YEN IN JULY-SEPT QUARTER FOR JOB CUTS.MAY BOOK 40 BILLION-50 BILLION YEN IMPAIRMENT LOSS FOR HAKUSAN PLANT THIS FY.  Full Article

Japan Display: To Transfer All Shares It Holds In Joled To State Fund INCJ
Thursday, 30 May 2019 

May 30 (Reuters) - Japan Display Inc <6740.T>::TO TRANSFER ALL SHARES IT HOLDS IN JOLED TO STATE FUND INCJ.INCJ TO FORGIVE TOTAL OF 44.7 BILLION YEN IN DEBT IN RETURN FOR JOLED.HAVE BEEN TOLD BY CHINA-TAIWAN CONSORTIUM IT WOULD FORMALISE DECISION FOR AID DEAL BY JUNE 14.TO BOOST PREFERRED SHARES ISSUED TO INCJ TO 102 BILLION YEN FROM 75 BILLION YEN, LOWER LOAN AMOUNT.  Full Article

Japan Display Aims To Reach Agreement For Investment From Other Parties Early Next Week
Wednesday, 3 Apr 2019 

April 3 (Reuters) - Japan Display Inc <6740.T>::AIMS TO REACH AGREEMENT FOR INVESTMENT FROM OTHER PARTIES EARLY NEXT WEEK.  Full Article

Japan Display Aims for Agreement This Week To Boost Capital By Over 110 Bln Yen
Monday, 1 Apr 2019 

April 1 (Reuters) - Japan Display Inc <6740.T>: :ISSUES STATEMENT IN RESPONSE TO WEEKEND MEDIA REPORTS OF CAPITAL INCREASE.AS ALREADY ANNOUCNED, JAPAN DISPLAY IS IN TALKS WITH EXTERNAL PARTIES IN COOPERATION WITH TOP SHAREHOLDER INCJ.THIS WEEK AIMS TO REACH AGREEMENT WITH CERTAIN PARTIES THAT WILL LEAD TO 60-80 BILLION YEN FINANCING THROUGH STOCK, BOND ISSUANCE.TOTAL CAPITAL INCREASE WOULD BE OVER 110 BILLION YEN BASED IN PART ON INCJ'S REFINANCING OF EXISTING CREDIT TO JAPAN DISPLAY BY UNDERWRITING PREFERRED SHARES.  Full Article

Japan Display Expects Operating Loss Of More Than 20 Bln Yen This FY
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Japan Display Inc <6740.T>::HAS DETERMINED THAT IT IS UNABLE TO PAY A YEAR-END DIVIDEND FOR FY 2018.EXPECTS OPERATING LOSS OF MORE THAN 20 BILLION YEN FOR THIS FY.CONTINUING TALKS WITH SEVERAL PARTIES TO STRENGTHEN MARKET COMPETITIVENESS AND FINANCIAL BASE, WITH AIM OF REACHING ALLIANCE AGREEMENT IN NEAR FUTURE.  Full Article

O-Film Tech Says It Has Initial Contact With Japan Display, No Agreement Reached
Monday, 17 Dec 2018 

Dec 17 (Reuters) - O-Film Tech Co Ltd <002456.SZ>::SAYS IT HAS INITIAL CONTACT WITH JAPAN DISPLAY INC <<<6740.T>>> RELATED TO MERGER & ACQUISITION PLAN, BUT NO AGREEMENT HAS BEEN REACHED, CLARIFYING MEDIA REPORTS.SAYS BOARD APPROVES TO GET CREDIT LINE OF 2.85 BILLION YUAN ($413.19 million) FROM BANKS TO GUARANTEE UNITS' NORMAL OPERATION AND REPLENISH CAPITAL.  Full Article

Japan Display in talks with Chinese group about capital injection -NHK
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - :JAPAN DISPLAY IN TALKS WITH CHINESE GROUP ABOUT CAPITAL INJECTION-NHK.  Full Article

Japan Display says change of president
Tuesday, 15 May 2018 

May 15 (Reuters) - Japan Display Inc <6740.T>:Says it names Yoshiyuki Tsukizaki as new president, effective June 19.  Full Article

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Apple supplier Japan Display's net worth negative after 10th quarterly loss

TOKYO Cash-strapped Japan Display Inc reported a tenth consecutive quarterly loss and a negative net worth, hit by weak iPhone sales at Apple Inc, increasing the urgency for the firm to close a proposed bailout with a Chinese group.