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Earnings presentation6740Japan Display Inc.Electrical and Precision Instruments

FY2024 Full-Year Financial Results Presentation

In FY2024, revenue declined due to weaker demand for LCD smartphones, VR products and smartwatches, among other factors, while the operating loss and net loss widened. At the same time, the company announced major business restructuring measures, including ending production at the Mobara Plant, reducing headcount, establishing a subsidiary for the automotive business and transferring assets.

Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
-21
Year-on-year revenue growth (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentation2024年度 通期7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥1,880 100 million-21.0%
Operating profit¥-371 100 million-29.0%
Ordinary income¥-404 100 million
Net income¥-782 100 million-339.0%
Results for the three months of the current quarter
Net Sales
¥446 100 million-24.0%
EBITDA
¥-123 100 million
Year-on-year difference-71
Operating profit
¥-133 100 million
Year-on-year difference-69
Net income for the current fiscal year
¥-295 100 million
Year-on-year difference-231
Full-year earnings forecast
Net Sales
¥1,800 100 million
Automotive
¥1,197 100 million
Smartwatches, VR, etc.
¥517 100 million
LCD smartphones
¥86 100 million
EBITDA
¥-264 100 million
Operating profit
¥-317 100 million
Ordinary income
¥-368 100 million
Net income for the current fiscal year
¥-621 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Revenue decline
  • Inventory effects, etc.
  • 為替（1ドル145円→153円）

The company identifies the factors but does not state the amount attributable to each one.

Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average exchange rate
FY24予想1ドル=151.4円
FY24 actual1ドル=152.6円
New initiatives
  • 茂原工場でのパネル生産を2026年3月までに終了
  • Converting the Ishikawa plant into a MULTI-FAB
  • 車載事業の子会社化とAutoTech設立（2025年10月1日付）
  • 国内希望退職の募集（1,500名程度）
  • 茂原工場の土地・建物および知的財産権の一部をいちごへ譲渡する基本合意
  • OLEDWorksとの米国先端ディスプレイ工場・R&Dセンターに向けた提携
  • TEXへの投資と先端半導体パッケージングの共同開発
  • PanelSemiとの戦略提携
  • eLEAP生産のファブレス化
Key KPIsA metric the company considers important as a management benchmark.
  • 保有・出願特許権等16,000 Cases or more
  • 茂原工場への電力供給能力100 MW強
  • eLEAPの輝度2 x
  • eLEAPの寿命3 x
  • eLEAPによるCO2削減可能量15 万t/年
Segment results
Automotive
¥1,259 100 million-5.5%
Smartwatches, VR, etc.
¥536 100 million-27.1%
LCD smartphones
¥86 100 million-73.5%
Market Size / Share
  • グローバルディスプレイ市場
    Scale18
  • グローバルセンサー市場
    Scale44
  • 先端半導体パッケージング市場
    Scale7.5
Number of employees
Number of Employees2,639 人2025年3月31日現在の国内従業員数
Hiring plan国内希望退職の募集人数1,500名程度
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period Covered2024年度 通期
Net Sales¥1,880 100 million (YoY -21.0%)
Operating profit¥-371 100 million (YoY -29.0%)
Ordinary income¥-404 100 million
Net income¥-782 100 million (YoY -339.0%)
Results for the three months of the current quarterNet Sales ¥446 100 million (YoY -24.0%) / EBITDA ¥-123 100 million / Operating profit ¥-133 100 million / Net income for the current fiscal year ¥-295 100 million
Full-year earnings forecastNet Sales ¥1,800 100 million / Automotive ¥1,197 100 million / Smartwatches, VR, etc. ¥517 100 million / LCD smartphones ¥86 100 million / EBITDA ¥-264 100 million / Operating profit ¥-317 100 million / Ordinary income ¥-368 100 million / Net income for the current fiscal year ¥-621 100 million
Segment resultsAutomotive ¥1,259 100 million (YoY -5.5%) / Smartwatches, VR, etc. ¥536 100 million (YoY -27.1%) / LCD smartphones ¥86 100 million (YoY -73.5%)
Breakdown of Factors Affecting the ChangeFactors Revenue decline / Amount Not disclosed, Factors Inventory effects, etc. / Amount Not disclosed, Factors 為替（1ドル145円→153円） / Amount Not disclosed
Key KPIsIndicator name 保有・出願特許権等 / Value 16,000 Cases or more / Year on year against the same period last year Not disclosed, Indicator name 茂原工場への電力供給能力 / Value 100 MW強 / Year on year against the same period last year Not disclosed, Indicator name eLEAPの輝度 / Value 2 x / Year on year against the same period last year Not disclosed, Indicator name eLEAPの寿命 / Value 3 x / Year on year against the same period last year Not disclosed, Indicator name eLEAPによるCO2削減可能量 / Value 15 万t/年 / Year on year against the same period last year Not disclosed
Number of employeesNumber of Employees 2,639 人（2025年3月31日現在の国内従業員数） / Change during the period Not disclosed / Hiring plan 国内希望退職の募集人数1,500名程度
Assumptions Underlying the Business OutlookAverage exchange rate FY24予想 1ドル=151.4円 / FY24 actual 1ドル=152.6円
Market Size / ShareMarket グローバルディスプレイ市場 / Scale 18 兆円/年, Market グローバルセンサー市場 / Scale 44 兆円超/年（2024年）, Market 先端半導体パッケージング市場 / Scale 7.5 兆円/年（2024年）
New initiatives茂原工場でのパネル生産を2026年3月までに終了, Converting the Ishikawa plant into a MULTI-FAB, 車載事業の子会社化とAutoTech設立（2025年10月1日付）, 国内希望退職の募集（1,500名程度）, 茂原工場の土地・建物および知的財産権の一部をいちごへ譲渡する基本合意, OLEDWorksとの米国先端ディスプレイ工場・R&Dセンターに向けた提携, TEXへの投資と先端半導体パッケージングの共同開発, PanelSemiとの戦略提携, eLEAP生産のファブレス化
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

主に液晶スマートフォン、VR・スマートウォッチの販売・需要減で減収となった。売上減少の影響が固定費削減や低採算品からの撤退による改善効果を上回り、減損損失216億円、事業構造改善費用167億円も計上したため、損失が拡大した。

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
FY2024 Full-Year Financial Results Presentation | Japan Display Inc. (6740) timely disclosure | Komori