Although the Japan Display is promoting management rebuilding as the largest shareholder of the Public Private Fund Industrial Innovation Organization, the final profit and loss will be in deficit for the third consecutive year until last year due to the slump in the main LCD panel for smartphones There is continuing sluggish performance such as becoming.

According to stakeholders, the three banks of Mizuho Bank, Sumitomo Mitsui Banking Corporation and Sumitomo Mitsui Trust Bank, Ltd., the mainstay banks, will support the reconstruction of the company from the financial side, I finally made adjustments in the direction of setting up a credit facility. In establishing the credit facility, it is expected that the Industrial Innovation Organization of the largest shareholder is guaranteeing debt, and it is expected to be an exceptional support measure supporting the loan with the public creditworthiness of the organization.

Japan Display decides to summarize new management rebuilding measures, such as reviewing the production system for liquid crystal panels for smartphones next month, receiving financial support from major banks as well Will it be possible to improve the future?