Recognition of non-operating expenses, extraordinary income and extraordinary loss
Japan Display Inc. (filing company)
The Company's Mobara Plant and certain assets of the display business
Interest on short-term borrowings and other liabilities. The Company refined its estimates of costs and other expenses associated with the end of production at the Mobara Plant and anticipated a reduction from the originally estimated level. The Company also assessed the near-term profitability of certain assets of the display business.
Non-operating expenses (interest expense): ¥2,256 million; extraordinary income (gain from reversal of business structure improvement costs): ¥333 million; extraordinary loss (impairment loss): ¥137 million on a consolidated basis and ¥149 million on a non-consolidated basis
Cumulative first-quarter period of the fiscal year ending March 2027 (the first quarter under review)
Company response
End of production at the Company's Mobara Plant
| Item | Details |
|---|---|
| Event name | Recognition of non-operating expenses, extraordinary income and extraordinary loss |
| Subject Entity | Japan Display Inc. (filing company) |
| Target Locations / Products | The Company's Mobara Plant and certain assets of the display business |
| Cause | Interest on short-term borrowings and other liabilities. The Company refined its estimates of costs and other expenses associated with the end of production at the Mobara Plant and anticipated a reduction from the originally estimated level. The Company also assessed the near-term profitability of certain assets of the display business. |
| Amount of Impact on Business Performance | Non-operating expenses (interest expense): ¥2,256 million; extraordinary income (gain from reversal of business structure improvement costs): ¥333 million; extraordinary loss (impairment loss): ¥137 million on a consolidated basis and ¥149 million on a non-consolidated basis |
| Accounting period in which recognized | Cumulative first-quarter period of the fiscal year ending March 2027 (the first quarter under review) |
| Suspended operations | End of production at the Company's Mobara Plant |
Items this document does not state (18)
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 interest expense relates to short-term borrowings and other liabilities. The gain from the reversal of business structure improvement costs resulted from refining estimates of costs and other expenses associated with the end of production at the Mobara Plant and anticipating a reduction from the originally estimated level. The impairment loss resulted from an assessment of the near-term profitability of certain assets of the display business.