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An announcement from Japan Display ( (JP:6740) ) is now available.
Japan Display reported several non-operating and extraordinary items in its fiscal third quarter, including a foreign exchange gain and proceeds from selling surplus raw materials following the shutdown of its Mobara facility. These gains were offset by substantial interest expenses on short-term borrowings, which weighed on overall non-operating results.
The company also booked an extraordinary gain from reversing a customer deposit after changes to a mass-production plan, while recording impairment and securities valuation losses tied to weaker display business profitability. Business restructuring costs linked to the Mobara production halt declined in the quarter, reducing extraordinary losses, and all these items have been incorporated into the latest quarterly earnings figures.
The most recent analyst rating on (JP:6740) stock is a Hold with a Yen24.50 price target. To see the full list of analyst forecasts on Japan Display stock, see the JP:6740 Stock Forecast page.
More about Japan Display
Japan Display Inc. is a Japan-based manufacturer of display panels, supplying liquid crystal and related display technologies to electronics makers worldwide. Listed on the Tokyo Stock Exchange Prime Market, the company focuses on automotive, mobile, and other high-value display applications as it restructures production capacity, including the wind-down of its Mobara fabrication plant.
Average Trading Volume: 238,963,153
Technical Sentiment Signal: Buy
Current Market Cap: Yen93.13B
Learn more about 6740 stock on TipRanks’ Stock Analysis page.