Results for the First Quarter of the Fiscal Year Ending March 2027
Japan Display Inc. (consolidated group)
Mobara Plant, automotive business, consumer and industrial equipment, OLED displays for smartwatches
Lower production and shipments following the end of production at the Mobara Plant in November 2025. Fixed-cost reductions progressed as a result of business-structure reforms, including workforce reductions and the consolidation of production facilities.
Net sales of ¥23,922 million, operating loss of ¥1,214 million, ordinary loss of ¥3,318 million, and quarterly net loss attributable to owners of the parent of ¥3,454 million. An impairment loss of ¥137 million was recorded as an extraordinary loss.
First quarter of the fiscal year ending March 2027 (1 April 2026 to 30 June 2026)
At present, no consolidated earnings forecast for the fiscal year ending March 2027 has been disclosed. The Company will make a timely disclosure once a reasonable estimate becomes possible.
Company response
The end of production at the Mobara Plant in November 2025 and the end of production of OLED displays for smartwatches manufactured at the Mobara Plant
Transforming the business model by shifting resources to growth areas; focusing on the sensor business, including X-ray and other life-science sensors, IoT sensors, industrial sensors and antennas; developing the advanced semiconductor packaging business; focusing on high-value-added products; substantially reducing fixed costs through the reorganization of production sites; establishing an operating structure aimed at improving productivity through measures including soliciting voluntary retirements in Japan; absorbing JDI Design and Development GK; dissolving and liquidating JDI Hong Kong Limited; transferring the assets of the Mobara Plant to another company; making flexible borrowings in line with funding needs; selling low-efficiency assets; securitizing trade receivables and other assets; and requesting Ichigo to continue exercising the 14th Stock Acquisition Rights
The Company will proceed with the sale of the Mobara Plant, various financial measures, requests for the additional exercise of the 14th Stock Acquisition Rights, reductions in interest-bearing debt, group restructuring, and a transformation of the business portfolio based on the BEYOND DISPLAY strategy. A consolidated earnings forecast will be disclosed once a reasonable estimate becomes possible.
The Company will make a timely disclosure once a reasonable estimate becomes possible.
| Item | Details |
|---|---|
| Event name | Results for the First Quarter of the Fiscal Year Ending March 2027 |
| Date of occurrence | 30 June 2026 (end of the first-quarter consolidated cumulative period) |
| Subject Entity | Japan Display Inc. (consolidated group) |
| Target Locations / Products | Mobara Plant, automotive business, consumer and industrial equipment, OLED displays for smartwatches |
| Cause | Lower production and shipments following the end of production at the Mobara Plant in November 2025. Fixed-cost reductions progressed as a result of business-structure reforms, including workforce reductions and the consolidation of production facilities. |
| Amount of Impact on Business Performance | Net sales of ¥23,922 million, operating loss of ¥1,214 million, ordinary loss of ¥3,318 million, and quarterly net loss attributable to owners of the parent of ¥3,454 million. An impairment loss of ¥137 million was recorded as an extraordinary loss. |
| Accounting period in which recognized | First quarter of the fiscal year ending March 2027 (1 April 2026 to 30 June 2026) |
| Impact on Earnings Forecast | At present, no consolidated earnings forecast for the fiscal year ending March 2027 has been disclosed. The Company will make a timely disclosure once a reasonable estimate becomes possible. |
| Suspended operations | The end of production at the Mobara Plant in November 2025 and the end of production of OLED displays for smartwatches manufactured at the Mobara Plant |
| Measures to prevent recurrence | Transforming the business model by shifting resources to growth areas; focusing on the sensor business, including X-ray and other life-science sensors, IoT sensors, industrial sensors and antennas; developing the advanced semiconductor packaging business; focusing on high-value-added products; substantially reducing fixed costs through the reorganization of production sites; establishing an operating structure aimed at improving productivity through measures including soliciting voluntary retirements in Japan; absorbing JDI Design and Development GK; dissolving and liquidating JDI Hong Kong Limited; transferring the assets of the Mobara Plant to another company; making flexible borrowings in line with funding needs; selling low-efficiency assets; securitizing trade receivables and other assets; and requesting Ichigo to continue exercising the 14th Stock Acquisition Rights |
| Outlook | The Company will proceed with the sale of the Mobara Plant, various financial measures, requests for the additional exercise of the 14th Stock Acquisition Rights, reductions in interest-bearing debt, group restructuring, and a transformation of the business portfolio based on the BEYOND DISPLAY strategy. A consolidated earnings forecast will be disclosed once a reasonable estimate becomes possible. |
| Planned follow-up disclosure | The Company will make a timely disclosure once a reasonable estimate becomes possible. |
Items this document does not state (13)
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 decline in net sales was mainly due to lower production and shipments following the end of production at the Mobara Plant in November 2025. The narrower deficit was attributable to lower fixed costs resulting from business-structure reforms, including workforce reductions and the consolidation of production facilities.