The Financial Services Agency paid a surcharge of more than 2.1 billion yen to the company in accordance with the recommendation of the Securities and Exchange Surveillance Commission due to the problem that Japan Display, a liquid crystal panel maker under restructuring, repeated inappropriate accounting treatment. I ordered you to do it.
Regarding Japan Display, a liquid crystal panel manufacturer that is listed on the First Section of the Tokyo Stock Exchange and is undergoing restructuring, a total of 11.2 billion yen was stated in securities reports during the three years from 2015 to 2018. In December last year, the Securities and Exchange Surveillance Commission recommended to the Financial Services Agency to order a surcharge based on the Financial Instruments and Exchange Act, saying that it was overstated in the settlement of accounts.
In line with this, the Financial Services Agency ordered the company to pay a surcharge of more than 2,163 million yen on the 26th.
Japan Display commented, "We deeply regret and apologize for causing a great deal of inconvenience and concern. We will work to strengthen internal control and restore trust."