According to the announcement, Japan Display will officially decide a plan to fundamentally review production facilities in domestic and overseas plants, holding a Board of Directors' Meeting on 9th, in response to the slump in the liquid crystal panel for its mainstay Smartphone It was.

Of these, domestically, we will stop the production line of LCD panel for smartphones of Ishikawa Prefecture's "Noumi factory" in December. Meanwhile, overseas, we plan to streamline such as consolidation and consolidation for factories located in China and the Philippines.
In addition, in addition to recruiting 240 voluntary voluntary retirement programs in the country, we are reducing overseas 3,500 people and reducing the total of 3,700 people both in Japan and overseas. As a cost associated with this, we plan to post approximately 170 billion yen in this fiscal year.

In addition to reducing the remuneration of Nobuhiro Higashimizuki, chairman of the president, to 20% by monthly until March next year, it also declares part of the remuneration for executives and salaries for managers It is.

Japan Display was established five years ago as a "Hinomaru liquid crystal manufacturer" integrating Hitachi, Toshiba, and Sony's liquid crystal panel business, but with poor performance, this time the top The shareholders and the private-sector fund's Industrial Innovation Organization have guaranteed their debts, and the banks have decided to set up a credit facility totaling 107 billion yen.

Meanwhile, Japan Display announced the first quarter results from April to June of the 9th day, in addition to the decline in revenues for products for China, the review of this production system As a result, we posted extraordinary losses, resulting in a final loss of 31.4 billion yen.