¥75 billion funding for OLED research and development

「Funds raised through the issuance of unsecured convertible bonds with share acquisition rights, subject to a subordinated condition, were used for R&D expenses for printing-based OLEDs, while funds raised through subordinated borrowings were used for R&D expenses for evaporation-based OLEDs.」

「In addition, during the third-quarter accounting period, to achieve stable, long-term business growth and enhance the equity value attributable to the Company's shareholders, the Company decided to raise ¥45 billion through an offering of unsecured subordinated convertible bonds with stock acquisition rights, with 株式会社産業革新機構 as the allottee, and to obtain a ¥30 billion subordinated loan from the same entity, for total funding of ¥75 billion. The funds raised through the unsecured subordinated convertible bonds with stock acquisition rights are to be allocated to research and development expenses for printed OLEDs, while the funds raised through the subordinated loan are to be allocated to research and development expenses for deposition-type OLEDs.」