Japan Display is promoting rebuilding management under the support of the "Public Sector Fund" Industrial Innovation Organization.

The earnings announced on August 8, the settlement of accounts for the three months from April to June, had sales of ¥ 103.2 billion, a decrease of 45.2% compared with the same period of the previous year, with a final profit of ¥ 1.7 billion It became a deficit.

The last deficit will be the fifth consecutive term as this period.

This is the mainstay business for smartphones, which accounts for a large part of sales, mainly due to sluggish global demand and continued sluggish LCD panel sales due to intense competition with overseas manufacturers.

However, as a result of promoting rationalization of management such as reduction of personnel and suspension of production at some factories, the deficit width shrank significantly from around 30 billion yen in the same period last year.

Japan Display said in a press conference that Yoshiyuki Tsukasaki is expected to receive large orders in the liquid crystal panel for smartphones in the second half of the current fiscal year, in order to get out of the situation called management reconstruction I hope to achieve surplus within this fiscal year and gain trust from the market. "