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Japan Display ( (JP:6740) ) has issued an announcement.
Japan Display Inc. is transferring intellectual property rights to newly established subsidiaries and selling these subsidiaries’ shares to Ichigo Trust to strengthen its financial foundation and support its BEYOND DISPLAY growth strategy. This move is part of JDI’s effort to secure immediate working capital and optimize its capital structure amid challenging industry conditions, with plans to reduce costs and improve profitability by transitioning to an asset-light business model.
More about Japan Display
Japan Display Inc. (JDI) operates in the global display industry, focusing on the production of display panels. The company is transitioning from a display-centric business model to a diversified portfolio that includes sensors and advanced semiconductor packaging, aiming to enhance profitability and competitiveness.
Average Trading Volume: 79,499,957
Technical Sentiment Signal: Sell
Current Market Cap: Yen69.85B
Find detailed analytics on 6740 stock on TipRanks’ Stock Analysis page.