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Japan Display ( (JP:6740) ) has shared an announcement.
Japan Display Inc. (JDI) has announced a workforce reduction as part of its BEYOND DISPLAY growth strategy to return to profitability and achieve sustainable growth. The company plans to end production at its Mobara Fab and consolidate operations at the Ishikawa MULTI-FAB, expecting significant cost savings and improved profitability by FY27/3. This move includes a voluntary retirement program targeting 1,500 employees in Japan, with similar reductions at global subsidiaries, aiming to strengthen JDI’s financial position.
More about Japan Display
Japan Display Inc. (JDI) operates in the technology industry, focusing on advanced semiconductor packaging and sensors businesses. The company is known for its technological capabilities and is working towards profitability by streamlining its production systems and shedding capital-intensive assets.
Average Trading Volume: 75,028,033
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen65.97B
For detailed information about 6740 stock, go to TipRanks’ Stock Analysis page.