Japan Display approves up to ¥60.4 billion in shareholders' meeting August 26, 15:34
A liquid crystal panel maker under management reconstruction, Japan Display's shareholder meeting was held, and last year's financial results, which became the final deficit for the sixth consecutive year, were reported, and a maximum of 60.4 billion yen investment from the asset management company was received Approved
The Japan Display stockholders' meeting, which was established by the integration of the LCD panel business by Hitachi, Toshiba and Sony, was held in Tokyo on the 26th, two months behind the usual year due to the new coronavirus. ..
At the general meeting, it was reported that the final loss for the last fiscal year fell into a deficit of over 100 billion yen, making it the final deficit for the sixth consecutive year.
On top of that, due to the worsening of cash flow due to the effect of the new coronavirus, a bill of up to ¥60.4 billion was approved by the asset management company Ichigo Trust.
In addition, in response to the discovery of improper accounting treatment such as inflating assets, a proposal to prevent reoccurrence of five directors out of seven directors, and a majority of outside directors A bill to set up a committee to introduce a system for determining executive candidates and executive remuneration was also approved.
At the general meeting, shareholders asked questions such as how to grow profits while the LCD business for smartphones, which is our mainstay, continued to stagnate, so we are asked whether we can establish a path for business reconstruction in the future. Become.