Japan Display Deficit due to sluggish LCD panel for smartphones November 13, 19:59
Japan Display, a liquid crystal panel maker under restructuring, posted a final deficit of over 30 billion yen for the six months to September due to the adoption of organic EL in smartphone displays and a decrease in sales of liquid crystal panels. I did.
Japan Display, which was created by integrating the LCD panel businesses of Hitachi, Toshiba, and Sony. The half-year financial results up to September were 99.7 billion yen, 16% less than the same period of the previous year, and the final profit and loss. Was a deficit of 36.2 billion yen and the final deficit for the seventh consecutive year during this period.
The main reason for this is that Apple, a major customer, has adopted organic EL for the display of the latest smartphone models, and sales of high-priced LCD panels have decreased.
The earnings forecast for the nine months to December is that demand for LCD panels for smartphones will continue to be sluggish, and the sales outlook is 269.7 billion yen, a 30% decrease from the same period of the previous year.
President Minoru Kikuoka said at the press conference, "I'm not worried about cash flow, but the cost improvement is not enough. I would like to show the plan that the annual sales can be profitable even if it is about 300 billion yen in the next financial results."