Recognition of non-operating expenses, extraordinary income and extraordinary loss
株式会社ジャパンディスプレイ (filing company, standalone and consolidated financial statements)
The company's Tottori Plant, the company's Mobara Plant, assets of the display business, and personnel in Japan and overseas
Interest on short-term borrowings and other liabilities; completion of the handover of the land, buildings and other assets of the Tottori Plant; the elimination of the need to provide for equipment removal costs and other expenses following execution of the transfer agreement for the Mobara Plant; assessment of the near-term profitability of certain assets in the display business; workforce reductions in Japan and overseas through the recruitment of voluntary retirees and other measures, together with additional costs associated with the transfer of the Tottori Plant; and calculation of the expected loss based on the progress of the litigation proceedings
Non-operating expense (interest expense): ¥1.905 billion; extraordinary gain (gain on sale of fixed assets): ¥509 million; extraordinary gain (reversal of provisions for business structure improvement expenses): ¥660 million; extraordinary loss (impairment loss): ¥352 million on a standalone basis and ¥280 million on a consolidated basis; extraordinary loss (business structure improvement expenses): ¥56 million on a standalone basis and ¥154 million on a consolidated basis; extraordinary loss (provision for litigation loss): ¥300 million
Second quarter of the fiscal year ending March 2027 (the second quarter). Cumulative amounts are based on the interim consolidated and standalone financial results.
Reflected in the "Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)" published today.
Related procedures
Damages lawsuit
Shareholders
株式会社ジャパンディスプレイ and its former directors
| Item | Details |
|---|---|
| Event name | Recognition of non-operating expenses, extraordinary income and extraordinary loss |
| Date of occurrence | Multiple events: 24 August 2026 (completion of the handover of the land, buildings and other assets of the Tottori Plant) and 16 July 2020 (filing of the lawsuit). The dates on which the individual amounts were recorded are Not disclosed. |
| Subject Entity | 株式会社ジャパンディスプレイ (filing company, standalone and consolidated financial statements) |
| Target Locations / Products | The company's Tottori Plant, the company's Mobara Plant, assets of the display business, and personnel in Japan and overseas |
| Cause | Interest on short-term borrowings and other liabilities; completion of the handover of the land, buildings and other assets of the Tottori Plant; the elimination of the need to provide for equipment removal costs and other expenses following execution of the transfer agreement for the Mobara Plant; assessment of the near-term profitability of certain assets in the display business; workforce reductions in Japan and overseas through the recruitment of voluntary retirees and other measures, together with additional costs associated with the transfer of the Tottori Plant; and calculation of the expected loss based on the progress of the litigation proceedings |
| Amount of Impact on Business Performance | Non-operating expense (interest expense): ¥1.905 billion; extraordinary gain (gain on sale of fixed assets): ¥509 million; extraordinary gain (reversal of provisions for business structure improvement expenses): ¥660 million; extraordinary loss (impairment loss): ¥352 million on a standalone basis and ¥280 million on a consolidated basis; extraordinary loss (business structure improvement expenses): ¥56 million on a standalone basis and ¥154 million on a consolidated basis; extraordinary loss (provision for litigation loss): ¥300 million |
| Accounting period in which recognized | Second quarter of the fiscal year ending March 2027 (the second quarter). Cumulative amounts are based on the interim consolidated and standalone financial results. |
| Impact on Earnings Forecast | Reflected in the "Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)" published today. |
| Type of litigation or proceeding | Damages lawsuit |
| Plaintiff | Shareholders |
| Defendant | 株式会社ジャパンディスプレイ and its former directors |
| Date of filing / date of action | 16 July 2020 |
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.Interest expense relates to interest on short-term borrowings and other liabilities. The gain on the sale of fixed assets resulted from completion of the handover of the land, buildings and other assets of the Tottori Plant. The reversal of provisions for business structure improvement expenses resulted from the execution of the transfer agreement for the Mobara Plant, which eliminated the need to provide for equipment removal costs and other expenses, among other factors. The impairment loss resulted from an assessment of the near-term profitability of certain assets in the display business. Business structure improvement expenses comprise workforce reduction costs in Japan and overseas, including the recruitment of voluntary retirees, and additional costs associated with the transfer of the Tottori Plant. The provision for litigation loss resulted from calculating the expected loss based on the progress of the litigation proceedings.