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Japan Display ( (JP:6740) ) has issued an announcement.
Japan Display Inc. has signed a Memorandum of Understanding (MOU) with Ichigo Trust to strengthen its financial position by transferring its Mobara Fab and certain intellectual property to Ichigo. This strategic move will allow JDI to repay JPY 65 billion in borrowings and secure funds to support its BEYOND DISPLAY growth strategy, aiming for profitability and streamlined operations by consolidating production at its Ishikawa MULTI-FAB.
More about Japan Display
Japan Display Inc. (JDI) operates in the technology industry, focusing on advanced semiconductor packaging and sensors. The company is known for its world-class technological capabilities and is working towards sustainable growth through its BEYOND DISPLAY strategy.
Average Trading Volume: 75,028,033
Technical Sentiment Signal: Strong Sell
Current Market Cap: Yen65.97B
See more insights into 6740 stock on TipRanks’ Stock Analysis page.