Japan Display The final deficit of over 16 billion yen due to the impact of the new Corona 19:02 on September 10
Japan Display, a liquid crystal panel maker that is in the process of rebuilding its business, had a loss of 16 billion yen over the final three months until June.
Sales of LCD panels for automobiles were sluggish due to the spread of the new coronavirus.
Japan Display, which was created by integrating the liquid crystal panel business of Hitachi, Toshiba, and Sony, delayed the accounting process due to the effect of the new coronavirus. Announced on the day.
Sales were 2.7 billion yen lower than the same period last year by 87.9 billion yen, and the final loss was 16.2 billion yen.
The main reason for this was that the spread of the new coronavirus caused a large drop in demand for automobiles worldwide, resulting in sluggish sales of LCD panels for automobiles.
Japan Display, which has been in the final deficit for the sixth consecutive year by the end of last year, is proceeding with reconstruction with the financial support of the asset management company in Singapore, but it is on the way to rebuilding while being affected by the new coronavirus. The issue is whether you can carry it.
President Minoru Kikuoka, who held a press conference online, said, "We will continue to thoroughly reduce costs in order to rebuild our business performance while minimizing the impact of the new coronavirus."