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Japan Display
(OTC:6740)
Japan Display (6740) vs. iShares MSCI Japan ETF (EWJ)
Japan Display Business Overview & Revenue Model
Japan Display Financial Statement Overview
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 188.01B | 239.15B | 270.75B | 295.95B | 341.69B |
| Gross Profit | -9.65B | -6.49B | -15.19B | 19.69B | 5.14B |
| EBITDA | -33.05B | -36.39B | -12.44B | 4.26B | -25.66B |
| Net Income | -78.22B | -44.31B | -25.82B | -8.10B | -42.70B |
Balance Sheet | |||||
| Total Assets | 148.03B | 223.99B | 222.70B | 258.27B | 225.00B |
| Cash, Cash Equivalents and Short-Term Investments | 21.07B | 29.34B | 26.22B | 52.25B | 55.70B |
| Total Debt | 59.50B | 33.50B | 0.00 | 73.68B | 95.10B |
| Total Liabilities | 141.14B | 138.33B | 98.27B | 185.51B | 183.17B |
| Stockholders Equity | 6.89B | 85.66B | 124.43B | 72.77B | 39.55B |
Cash Flow | |||||
| Free Cash Flow | -35.96B | -29.67B | -74.30B | -28.84B | -30.16B |
| Operating Cash Flow | -25.45B | -17.58B | -65.67B | -21.67B | -23.12B |
| Investing Cash Flow | -8.16B | -13.43B | 9.78B | 95.00M | -9.14B |
| Financing Cash Flow | 25.69B | 32.90B | 27.68B | 14.77B | 20.23B |
Japan Display Technical Analysis
Japan Display Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
83 Outperform | ¥28.22B | 8.42 | 4.05% | 5.60% | 26.47% | ||
79 Outperform | ¥139.49B | 13.42 | 2.63% | 19.77% | 18.15% | ||
76 Outperform | ¥177.81B | 12.13 | 1.16% | 15.24% | 35.69% | ||
73 Outperform | ¥93.27B | 24.31 | 2.49% | 5.02% | -21.81% | ||
58 Neutral | ¥323.14B | 137.82 | 3.50% | 5.82% | -71.97% | ||
49 Neutral | C$2.97B | 2.15 | -83.78% | 2.54% | 12.97% | -24.70% | |
49 Neutral | ¥69.85B | ― | -167.88% | ― | -21.38% | -90.71% |
Japan Display Corporate Events
Japan Display Inc. has disclosed its relationship with its controlling shareholder, Ichigo Trust, which holds 78.2% of JDI’s voting rights. The company has entered into a capital alliance with Ichigo to support its business restructuring initiatives, including the issuance of new stock acquisition rights and the transfer of certain intellectual property rights to newly established subsidiaries. JDI emphasizes its operational independence from Ichigo, ensuring that the relationship does not impose business restrictions and that measures are in place to protect minority shareholders.
Japan Display Inc. is actively working to meet the Tokyo Stock Exchange Prime Market’s free-float requirement by 2028, which involves reducing Ichigo Trust’s significant shareholding. The company is implementing structural reforms, enhancing corporate value, and engaging potential investors to improve its financial performance. JDI has also announced its BEYOND DISPLAY growth strategy, aiming to achieve profitability by consolidating production and focusing on high-growth areas such as advanced semiconductor packaging.
Japan Display Inc. has announced a strategic move to enhance its financial position and support its growth strategy, ‘BEYOND DISPLAY,’ through a capital alliance with Ichigo Trust and asset sales. The company plans to sell intellectual property and its Mobara Fab, using the proceeds to repay a JPY 65 billion loan to Ichigo and eliminate associated debt and interest payments. Additionally, Japan Display will issue new warrants to Ichigo to secure further funds, thereby strengthening its working capital and financing its growth initiatives.
Japan Display Inc. has entered into a capital alliance with Ichigo Trust, issuing new stock acquisition rights to raise significant funds. This move is part of JDI’s ongoing strategy to secure financial stability and address challenges such as global inflation and supply chain disruptions, which have impacted its performance and liquidity.
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.
Japan Display Inc. announced the results of its 23rd Annual General Meeting, where shareholders approved the transfer of its automotive display business to a new subsidiary, AutoTech Inc., and amendments to its Articles of Incorporation. Additionally, five directors were elected, reflecting a strategic move to streamline operations and enhance governance, potentially impacting the company’s market positioning and stakeholder interests.
Japan Display Inc. (JDI) and PanelSemi have decided not to proceed with an equity investment as part of their strategic alliance due to geopolitical risks and economic changes, although they will continue collaborating on semiconductor packaging and sensor technologies. This decision is expected to have minimal impact on JDI’s earnings for the fiscal year 2026, as the companies focus on individual agreements to further their technological advancements.
Japan Display Inc. has announced an extension of the final agreement signing date with Ichigo Trust to June 27, 2025, as part of a strategic move to strengthen its financial position. The extension allows more time to finalize the terms of a transaction involving the transfer of JDI’s Mobara Fab and intellectual property, which is crucial for securing funds for JDI’s growth strategy. The change in schedule is not expected to impact the company’s earnings for the fiscal year ending March 2026.
Japan Display Inc. has disclosed the financial details of its new AutoTech subsidiary, revealing current assets of 42,616 million JPY and liabilities of 37,807 million JPY. This establishment is part of JDI’s strategic expansion into the automotive technology sector, potentially enhancing its market position and offering new opportunities for stakeholders.
Japan Display Inc. reported a significant decline in its non-consolidated earnings for the fiscal year ending March 2025 compared to the previous year. The company experienced a 22.1% decrease in sales and a substantial increase in net income loss, indicating challenges in its financial performance. This downturn may impact JDI’s operational strategies and market positioning, raising concerns among stakeholders about the company’s future prospects.
Japan Display Inc. reported a significant decline in its financial performance for the fiscal year ending March 2025, with sales dropping by 21.4% and net income showing a substantial loss. The company is taking measures to improve its financial position and has not disclosed an earnings forecast for the next fiscal year, indicating uncertainty in its future performance.
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.
Japan Display Inc. announced a significant leadership change with the resignation of CEO Scott Callon, who will remain as non-executive Chairman, and the appointment of Jun Akema as the new President, CEO, and Representative Executive Officer effective June 1, 2025. This leadership transition is part of a broader strategic shift, including amendments to the Articles of Incorporation and changes in the Board of Directors, aimed at addressing business performance challenges and aligning with the company’s future direction.
Japan Display Inc. (JDI) announced its plan to establish a new wholly-owned subsidiary, AutoTech Inc., to manage its automotive display business. This strategic move is part of JDI’s BEYOND DISPLAY growth strategy aimed at achieving profitability and sustainable growth by allowing more independent management, expanding funding opportunities, and exploring strategic partnerships.
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.
Japan Display Inc. reported a foreign exchange gain of JPY 1,027 million for the fiscal year, alongside significant interest expenses and extraordinary losses due to impairment and restructuring costs. The company experienced higher-than-expected sales driven by automotive display demand but faced lower-than-forecasted EBITDA, operating profit, and net income due to expenses associated with the production end at its Mobara Fab.
Japan Display Inc. has acknowledged media reports about a potential workforce reduction, confirming that it is under consideration but no final decision has been made. The company has committed to promptly disclose any developments that require official announcement, reflecting its transparency and responsiveness to stakeholder concerns.