JDI Improves cash flow of 40 billion yen with support from US Apple October 23, 19:57
Japan Display, a liquid crystal panel manufacturer under management restructuring, has revealed that it can improve its cash flow up to approximately 40 billion yen with support from Apple, a major customer in the United States. It is said that it is still in discussions with funds, etc. regarding capital increase for more drastic financial improvement.
According to the announcement, Japan Display was able to receive support from multiple suppliers, including Apple in the United States, who delivered LCD panels, such as advance payment of the price.
As a result, the cash flow can be improved by about 40 billion yen at the maximum, and together with the 40 billion yen loan from the former Industrial Innovation Organization of the public and private funds and the current INCJ, it was explained that the concern about the future cash flow was solved. doing.
On the other hand, it is said that it is still in discussions with funds, etc., regarding capital enhancement for more drastic financial improvement.
Japan Display, which was established by Hitachi, Toshiba, and Sony, integrating the LCD panel business, has been in a debt excess due to sluggish LCD panel business for smartphones.
Last month, the Chinese fund, which was supposed to be the biggest support destination, was told to move away from the support framework, and the company was forced to rework its reconstruction measures.