Notice Regarding the Recording of Non-Operating Income, Non-Operating Expenses, Extraordinary Income and Extraordinary Losses
Japan Display Inc. (reporting company) and its consolidated subsidiary, JDI Design and Development 合同会社
Mobara Plant, former Higashiura Plant, assets related to the display business, and investment securities held by the Company’s group
Disposal of raw materials that were no longer needed following the cessation of production at the Mobara Plant; interest on short-term borrowings and other liabilities; recognition of losses based on the financial condition of investees; a decline in the recoverability of receivables due to the deterioration in the financial condition of JDI Design and Development 合同会社; completion of the settlement of estimated costs associated with the cessation of production at the former Higashiura Plant; assessment of the near-term profitability of assets related to the display business; refinement of cost estimates associated with the cessation of production at the Mobara Plant; and impairment of shares whose real value had declined significantly
Fourth quarter: gain on sale of raw materials of ¥62 million (non-operating income, consolidated and non-consolidated); interest expenses of ¥2,410 million (non-operating expenses, consolidated); valuation loss on investment securities of ¥3,212 million (non-operating expenses, consolidated); provision for doubtful accounts of ¥1,600 million (non-operating expenses, non-consolidated; eliminated in consolidation); other extraordinary income of ¥61 million (consolidated and non-consolidated); impairment losses of ¥1,228 million (consolidated) and ¥1,006 million (non-consolidated); reversal of business restructuring expenses of ¥1,851 million (consolidated) and ¥1,810 million (non-consolidated, reducing extraordinary losses); and other extraordinary losses of ¥39 million (consolidated and non-consolidated). Cumulative for the fiscal year ending March 2026: gain on sale of raw materials of ¥432 million; interest expenses of ¥8,733 million; valuation loss on investment securities of ¥3,284 million; impairment losses of ¥1,972 million (consolidated) and ¥1,649 million (non-consolidated); and business restructuring expenses of ¥9,423 million (consolidated) and ¥9,207 million (non-consolidated)
Fourth-quarter accounting period of the fiscal year ending March 2026 and the fiscal year ending March 2026
No revision to the earnings forecast is stated. The above matters are reflected in the Consolidated Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP], announced today.
Receivables owed by JDI Design and Development 合同会社 to Japan Display Inc. The amount of the receivables is Not disclosed, and the provision for doubtful accounts is ¥1,600 million
Company response
Cessation of production at the Company’s Mobara Plant and cessation of production at the former Higashiura Plant
| Item | Details |
|---|---|
| Event name | Notice Regarding the Recording of Non-Operating Income, Non-Operating Expenses, Extraordinary Income and Extraordinary Losses |
| Date of occurrence | Fourth-quarter accounting period of the fiscal year ending March 2026 (specific date: Not disclosed) |
| Subject Entity | Japan Display Inc. (reporting company) and its consolidated subsidiary, JDI Design and Development 合同会社 |
| Target Locations / Products | Mobara Plant, former Higashiura Plant, assets related to the display business, and investment securities held by the Company’s group |
| Cause | Disposal of raw materials that were no longer needed following the cessation of production at the Mobara Plant; interest on short-term borrowings and other liabilities; recognition of losses based on the financial condition of investees; a decline in the recoverability of receivables due to the deterioration in the financial condition of JDI Design and Development 合同会社; completion of the settlement of estimated costs associated with the cessation of production at the former Higashiura Plant; assessment of the near-term profitability of assets related to the display business; refinement of cost estimates associated with the cessation of production at the Mobara Plant; and impairment of shares whose real value had declined significantly |
| Amount of Impact on Business Performance | Fourth quarter: gain on sale of raw materials of ¥62 million (non-operating income, consolidated and non-consolidated); interest expenses of ¥2,410 million (non-operating expenses, consolidated); valuation loss on investment securities of ¥3,212 million (non-operating expenses, consolidated); provision for doubtful accounts of ¥1,600 million (non-operating expenses, non-consolidated; eliminated in consolidation); other extraordinary income of ¥61 million (consolidated and non-consolidated); impairment losses of ¥1,228 million (consolidated) and ¥1,006 million (non-consolidated); reversal of business restructuring expenses of ¥1,851 million (consolidated) and ¥1,810 million (non-consolidated, reducing extraordinary losses); and other extraordinary losses of ¥39 million (consolidated and non-consolidated). Cumulative for the fiscal year ending March 2026: gain on sale of raw materials of ¥432 million; interest expenses of ¥8,733 million; valuation loss on investment securities of ¥3,284 million; impairment losses of ¥1,972 million (consolidated) and ¥1,649 million (non-consolidated); and business restructuring expenses of ¥9,423 million (consolidated) and ¥9,207 million (non-consolidated) |
| Accounting period in which recognized | Fourth-quarter accounting period of the fiscal year ending March 2026 and the fiscal year ending March 2026 |
| Impact on Earnings Forecast | No revision to the earnings forecast is stated. The above matters are reflected in the Consolidated Financial Results for the Fiscal Year Ending March 2026 [Japanese GAAP], announced today. |
| Amount of receivables at risk of non-collection or delayed collection | Receivables owed by JDI Design and Development 合同会社 to Japan Display Inc. The amount of the receivables is Not disclosed, and the provision for doubtful accounts is ¥1,600 million |
| Suspended operations | Cessation of production at the Company’s Mobara Plant and cessation of production at the former Higashiura Plant |
Items this document does not state (15)
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.The Company sold raw materials that were no longer needed following the cessation of production at the Mobara Plant; interest accrued on short-term borrowings and other liabilities; valuation losses were recognized based on the financial condition of investees; the recoverability of receivables declined due to the deterioration in the financial condition of JDI Design and Development 合同会社; provisions were reversed following completion of the settlement of costs associated with the cessation of production at the former Higashiura Plant; the near-term profitability of assets related to the display business was assessed; cost estimates associated with the cessation of production at the Mobara Plant were refined, with a reduction from the initial level expected; and shares whose real value had declined significantly were impaired.