Earnings recovery and profit maximization from the next fiscal year onward
First written in FY2018-Q2. 20 of 32 entries say "Advanced", first in FY2019-Q1. Latest entry: 2026-08-10.
Japan Display moved to the "Worse" side of this theme in 2023, 1 year after the typical company in this theme (2022).
The whole theme swung hardest in 2019: 12 of 83 companies on the "Worse" side.
49 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「EBITDA, a cash earnings metric, was negative ¥14,820 million, compared with negative ¥33,048 million in the previous fiscal year, while the operating loss was ¥18,692 million, compared with a loss of ¥37,068 million in the previous fiscal year. The losses narrowed year on year.」
EBITDA and the operating loss narrowed from the previous fiscal year due to fixed-cost reductions, plant restructuring, and workforce reductions, indicating measurable progress toward recovery in results. However, the company did not achieve profitability. - FY2025WorsenedAnnual report
「EBITDA, a cash earnings indicator, was negative ¥33,048 million, compared with negative ¥28,221 million in the previous fiscal year.」
Although the company advanced fixed-cost reductions, product portfolio improvements and the OLED business, the effects of performance recovery and profit maximization were insufficient, and the EBITDA deficit widened from the previous fiscal year. - FY2025-H1AdvancedAnnual report
「In addition to reducing manufacturing fixed costs by cutting LCD panel production capacity at the Mobara Plant, the Group advanced its withdrawal from unprofitable businesses and products. As a result, EBITDA was negative ¥13,446 million, compared with negative ¥18,096 million in the previous interim consolidated accounting period, and the operating loss was ¥15,481 million, compared with a loss of ¥21,441 million, representing year-on-year improvement.」
EBITDA and the operating loss improved year on year as a result of structural reforms and the withdrawal from unprofitable businesses aimed at restoring performance. However, both EBITDA and operating income remained negative, and profitability had not been achieved. - FY2024WorsenedAnnual report
「Net sales for the fiscal year were ¥239,153 million, down ¥31,593 million, or 11.7%, from the previous fiscal year.」
Although the company advanced business portfolio transformation and fixed-cost reductions, revenue declined 11.7% year on year and EBITDA was negative ¥28,221 million, leaving the effects of earnings recovery and profit maximization limited. - FY2024-Q3WorsenedAnnual report
「Although weaker yen effects, productivity improvements, fixed-cost reductions and the return to profitability of the OLED business supported earnings, EBITDA was negative ¥22,981 million, compared with negative ¥16,002 million in the same period of the previous year, and the operating loss was ¥27,664 million, compared with a loss of ¥22,380 million, due to lower sales and surging material, processing and energy costs.」
Although the OLED business turned profitable and fixed-cost reductions had an effect, EBITDA and the operating loss deteriorated due to lower revenue and higher costs, and the effects of performance recovery and profit maximization have not yet fully emerged. - FY2024-Q1WorsenedAnnual report
「Although fixed-cost savings were achieved by suspending production at the Higashiura Plant and reducing smartphone LCD production capacity at the Mobara Plant, lower sales and higher materials and energy costs resulted in EBITDA of negative ¥12,165 million, compared with negative ¥4,711 million in the same period of the previous year, and an operating loss of ¥13,883 million, compared with a loss of ¥6,872 million.」
Although production stoppages and reduced production capacity generated fixed-cost savings, EBITDA and the operating loss deteriorated year on year, and the effects of performance recovery and profit maximization receded. - FY2023WorsenedAnnual report
「Although the effects of these initiatives were limited during the current fiscal year, they are expected to emerge incrementally from the fiscal year ending March 2024 onward,」
The effects of structural reform, portfolio transformation and stronger growth drivers were limited in the current fiscal year, and EBITDA was negative ¥36,198 million. The outlook for earnings recovery and profit maximization was pushed back to the fiscal year ending March 2024 and beyond. - FY2023-Q3WorsenedAnnual report
「Although the Group pursued cost reductions and benefited from the weaker yen, it was unable to offset the effects of lower sales and higher materials, energy and transportation costs. EBITDA was negative ¥16,002 million, compared with negative ¥3,688 million in the same period of the previous year, and operating profit was negative ¥22,380 million, compared with negative ¥10,117 million.」
EBITDA and the operating loss deteriorated compared with the cumulative third-quarter period of the previous fiscal year, and the improvement effects aimed at recovering performance and maximizing profit receded. - FY2022AchievedAnnual report
「EBITDA achieved the targeted return to profitability after ¥3,850 million was recorded in the fourth quarter, and full-year EBITDA was also positive at ¥161 million.」
Achieved the targeted EBITDA breakeven in the consolidated fourth quarter, and full-year EBITDA was also positive at ¥161 million. However, operating profit remained negative. - FY2022-Q3AdvancedAnnual report
「Against this backdrop, to achieve its target of turning EBITDA profitable in the fourth-quarter consolidated accounting period of the fiscal year, the Group worked to rebuild its existing businesses and thoroughly strengthen profitability. To improve earnings over the medium to long term, it focused on strengthening competitiveness and growing the business through establishing a new business model and commercializing high-value-added technologies.」
The company maintained its target of turning EBITDA profitable in the fourth quarter and pursued the turnaround of existing businesses, establishment of a new business model and commercialization of high-value-added technologies. EBITDA for the nine-month period was negative ¥3,688 million, and the disclosures do not yet state that the target has been achieved. - FY2022-Q2AdvancedAnnual report
「Against this backdrop, the Group focused on rebuilding its existing businesses and thoroughly strengthening its earnings capacity toward its target of achieving positive EBITDA (Note) in the fourth-quarter consolidated accounting period. To improve earnings over the medium to long term, it also pursued efforts to establish new business models and commercialize high-value-added technologies.」
The company maintained its target of achieving EBITDA profitability in the fourth quarter and pursued the rebuilding of existing businesses, establishment of new business models and commercialization of high-value-added technologies. EBITDA for the cumulative second quarter period was negative ¥2,761 million, and operating loss was ¥7,033 million. - FY2022-Q1AdvancedAnnual report
「We also continued thorough cost reductions with the goal of achieving positive EBITDA in the fourth-quarter consolidated accounting period, which was the target for the current fiscal year.」
The target for recovery in performance was explicitly set as achieving positive EBITDA in the fourth quarter accounting period. The company continued to pursue thorough cost reductions as a means of achieving this, and operating loss, ordinary loss and net loss all narrowed year on year in the current quarter. - FY2021-Q3AdvancedAnnual report
「The group pursued further cost reductions and reduced fixed costs by approximately ¥25 billion during the cumulative period compared with the cumulative third quarter of the previous consolidated fiscal year. As part of its fixed-cost reduction measures, the company completed the transfer of the Hakusan Plant in Hakusan, Ishikawa, which had been shut down since July 2019, on 1 October 2020. This resulted in annual cost savings of approximately ¥8 billion going forward.」
Regarding structural reforms aimed at recovering performance and maximizing profits, the Company implemented cumulative fixed-cost reductions of approximately ¥25 billion and indicated additional annual cost savings of approximately ¥8 billion from the transfer of the Hakusan Plant. - FY2021-Q2AdvancedAnnual report
「Although sales declined, manufacturing fixed costs, personnel expenses and other fixed costs were reduced through the structural reforms implemented since the first half of the previous fiscal year, and various expense-reduction measures were effective. As a result, gross profit improved by ¥21,319 million year on year and turned positive, while the operating loss improved by ¥25,290 million to ¥9,879 million.」
Losses narrowed as a result of structural reforms and expense reductions aimed at restoring performance, but a return to operating profitability and the establishment of a stable profitable earnings structure have not yet been achieved. - FY2021-Q1AdvancedAnnual report
「To resolve this situation, the company will continue to seek to stabilize a sustainably profitable structure through ongoing structural reforms to reduce fixed costs and improve its product portfolio during the current consolidated fiscal year, while also continuing to implement measures to strengthen its finances and improve its business.」
The company continued to pursue stabilization of a return-to-profit profile through fixed-cost reductions from structural reforms and product-portfolio improvements. The operating loss improved year on year, but the company had not yet returned to profitability. - FY2020AdvancedAnnual report
「The effects of the structural reforms emerged fully from the second half of the fiscal year, generating approximately ¥30 billion in fixed-cost savings for the full fiscal year. A further annual fixed-cost reduction of approximately ¥20 billion is expected in the fiscal year ending March 2021. In addition, the company began volume shipments of its first OLED displays in December of the fiscal year.」
As the company worked toward a recovery in performance and a return to profitability, it reached the stage where fixed-cost reductions were expected to have an annualised impact of approximately ¥30 billion for the full fiscal year, with an additional approximately ¥20 billion expected in the following fiscal year. The start of mass-production shipments of OLED was also cited as progress in expanding the business portfolio, although the company still posted an operating loss for the period. - FY2020-Q3AdvancedAnnual report
「As a result, operating income was positive in the third quarter consolidated accounting period, and the company continues to aim for sustained profitability from the fourth quarter consolidated accounting period onward.」
The Company moved from describing narrower losses and an expectation of future profitability to reporting the concrete progress of achieving operating profitability on a standalone third-quarter basis. Sustaining profitability from the fourth quarter onward remains a target. - FY2020-Q2RaisedAnnual report
「To resolve these conditions, the group plans to implement structural reforms during the current consolidated fiscal year to reduce fixed costs, while seeking to establish profitability from the third quarter onward through the effects of company-wide cost-cutting measures and other initiatives.」
The company presented a more specific and ambitious target of establishing sustained profitability from the third quarter, based on the effects of company-wide cost reductions, rather than the previous expectation of reducing losses and improving performance. Achievement of profitability has not yet been disclosed. - FY2020-Q1AdvancedAnnual report
「With this support, the Company sought to achieve at an early stage, financially, the securing of working capital for the present and the future, normalization of cash flow, acquisition of funds for future growth investments, and securing net assets to ensure stable business continuity; and operationally, improvements to the business combining global supply-chain management capabilities with a broad customer base, commercialization of evaporation-based OLED displays, and improvements to the cost structure.」
As measures to restore performance and maximize profit, the company specified securing working capital and net assets with support from a new sponsor, utilizing its supply chain and customer base, commercializing the evaporation-process OLED business and improving its cost structure. However, losses widened and net assets became negative in the quarter, and the recovery in performance itself had not been achieved. - FY2019AdvancedAnnual report
「Sales in the automotive business increased 4.3% from the previous consolidated fiscal year to ¥112,313 million, while sales in the non-mobile business increased 25.7% to ¥57,475 million, indicating some progress toward achieving the targets.」
Regarding the shift in the portfolio toward automotive and non-mobile applications, growth in revenue from both fields was cited as progress. However, mobile revenue declined 17.2% year on year, and the company recognized that automotive and non-mobile applications had not yet reached a scale sufficient to support the overall business. - FY2019-Q3AdvancedAnnual report
「Although operating profit remained a loss because of the year-on-year decline in sales, the loss improved year on year owing in part to the results of the structural reforms implemented in the previous consolidated fiscal year, to ¥10,626 million, compared with an operating loss of ¥38,897 million in the same cumulative period of the previous year. However, the Group did not return to profitability.」
The operating loss narrowed from ¥38,897 million to ¥10,626 million as a result of structural reforms. The company is also continuing to pursue and consider the establishment of OLED mass-production technology, the reallocation of resources to growth areas, and further structural reforms as measures to improve results. - FY2019-Q2AdvancedAnnual report
「To resolve this situation, the Group sought to transform its earnings structure by implementing the structural reforms announced on 9 August 2017. As a result, losses narrowed during the cumulative second-quarter period, and further improvement in performance was expected from the second half onward. The Group also planned to accelerate the establishment of mass-production technology for OLEDs and the shift of management resources to growth areas in order to stabilize its management base.」
The company stated that losses for the cumulative period had narrowed as a result of the structural reforms and had reached the stage of anticipating further improvement in performance from the second half onward. It also identified the establishment of mass-production technology for OLEDs and the continued shift of resources to growth areas as ongoing initiatives. - FY2019-Q1AdvancedAnnual report
「To resolve this situation, the Group worked to transform its earnings structure by implementing the structural reforms announced on 9 August 2017. As a result, losses narrowed during the cumulative consolidated period for the first quarter, and further improvement in performance is expected from the third quarter due to a substantial increase in demand for FULL ACTIVE™. The Group will also accelerate the establishment of OLED mass-production technology and the shift of management resources to growth areas to stabilize its management base.」
The company stated that the current-quarter loss had narrowed as a result of structural reforms and advanced to the stage of expecting further earnings improvement from the third quarter, driven by increased demand for FULL ACTIVE. Establishing OLED mass-production technology and shifting resources to growth areas were also presented again as measures. - FY2018RestatedAnnual report
「The company formulated a medium-term management plan to improve performance from the fiscal year ending March 2019 onward and announced its outline on 9 August 2017.」
The company reiterated its policy of pursuing structural reforms, early earnings contributions from FULL ACTIVE, early commercialization of OLED, and greater allocation of management resources to growth areas to improve performance from the fiscal year ending March 2019 onward. - FY2018-Q3RestatedAnnual report
「Through this structural reform and company-wide efforts to reduce variable costs, the group aims to move away from its historically high-cost structure. In addition, while pursuing initiatives such as "establishing mass-production technology for OLEDs and accelerating commercialization" and "strengthening management resources in growth-area businesses," as set out in its medium-term management policy, the group aims to maximize profits from the expected earnings opportunities in both the mobile and non-mobile fields from the next fiscal year onward by providing high-value-added products.」
The policy of maximizing profits from the next fiscal year onward through structural reforms, variable-cost reductions, commercialization of the OLED business, increased management resources in growth areas and the provision of high-value-added products was reiterated. - FY2018-Q2First statedAnnual report
「The company expects to record approximately ¥170 billion in business-structure improvement costs as an extraordinary loss in the current consolidated fiscal year in connection with the business structure reforms being implemented. However, through these reforms, company-wide efforts to reduce variable costs and the upgrading of product value, it aims to move away from its traditionally high-cost structure. It also aims to maximize profits from revenue opportunities expected in both the mobile and non-mobile segments from the next fiscal year onward by achieving such medium-term management objectives as establishing and accelerating the commercialization of OLED mass-production technology and strengthening management resources in growth businesses.」
The company explicitly set out recovery in performance and profit maximization from the next fiscal year onward as objectives, identifying structural reform, variable-cost reductions, higher value-added products, commercialization of the OLED business, and increased allocation of management resources to growth areas as the means of achieving them.