Japan Display approves investment of 50.4 billion yen.Debt excess is resolved.March 25 17:07
Liquid crystal panel maker Japan Display, which is undergoing business restructuring, will hold an extraordinary general meeting of shareholders. became.
104 shareholders participated in the Extraordinary General Meeting of Japan Display held in Tokyo on the 25th, and President Minoru Kikuoka explained the status of management restructuring measures.
Japan Display was launched by integrating the panel business of Hitachi, Toshiba, and Sony, but the liquid crystal business for smartphones has been sluggish and the debt has been exceeded.
At the general meeting, a proposal to receive ¥ 50.4 billion from Ichigo Trust, an independent asset management company based in Singapore, was approved by shareholders for a radical restructuring and approved.
This gives the company a chance to get a stake this month and eliminate the debt overrun.
In an interview after the General Meeting of Shareholders, President Kikuoka stated, "We will be able to obtain the necessary funds and we will do our best to rebuild."
On the other hand, regarding the impact of the spread of the new coronavirus on business restructuring, "We understand the impact on business results in February and March to some extent. You have to watch or cool down. "