Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Japan Display Inc    6740   JP3389660006

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Japan Display to secure $1bn in credit from 3 key lenders

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/05/2017 | 10:42am CEST

Japan Display is on the verge of receiving a total of 110 billion yen ($1 billion) in credit line commitments from its three major lenders, clearing a crucial step in its planned turnaround efforts.

Mizuho Bank and Sumitomo Mitsui Banking Corp. will each extend 42 billion yen of credit. The remaining 26 billion yen credit line will come from Sumitomo Mitsui Trust Bank. The trio will obtain loan guarantees from the Innovation Network Corp. of Japan, the beleaguered liquid crystal display panel maker`s top shareholder.

The Mizuho Financial Group unit, the Sumitomo Mitsui Financial Group member and the Sumitomo Mitsui Trust Holdings subsidiary had offered some 60 billion yen in credit lines before but terminated those contracts at the end of June.

Japan Display is to announce next Wednesday a turnaround plan focusing on factory consolidation in Japan and abroad, as well as early retirement programs. The company had requested aid from the lenders to fund these restructuring steps.

Separately, Japan Display may take in 100 billion yen or more in capital from investment funds and nonfinancial companies to fund much-needed investments in organic light-emitting diode panels and other operations aimed at future growth.

Japan Display was created in 2012 through a merger of LCD businesses of Hitachi, Toshiba and Sony. The company sustained net losses for three straight years through fiscal 2016. It operates six factories in Japan and plans to consolidate facilities and update production equipment.

(c) 2017 Daily Tribune. All Rights Reserved Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on JAPAN DISPLAY INC
10/12 JAPAN DISPLAY : Patent Issued for Liquid Crystal Display Device with Touch Panel..
10/12 JAPAN DISPLAY : Patent Issued for Display Device and Method of Manufacturing the..
10/12 JAPAN DISPLAY : "Display Device" in Patent Application Approval Process (USPTO 2..
10/12 JAPAN DISPLAY : Patent Issued for Liquid Crystal Display Device (USPTO 9778499)
10/12 JAPAN DISPLAY : Patent Issued for Method of Manufacturing a Display Device (USPT..
10/12 JAPAN DISPLAY : Researchers Submit Patent Application, "Organic Electroluminesce..
10/12 JAPAN DISPLAY : Patent Application Titled "Organic Electroluminescence Display D..
10/12 JAPAN DISPLAY : Patent Issued for Shadow Mask, Method of Manufacturing a Shadow ..
10/12 JAPAN DISPLAY : Researchers Submit Patent Application, "Method of Manufacturing ..
10/12 JAPAN DISPLAY : Patent Issued for Display Device (USPTO 9779652)
More news
News from SeekingAlpha
2015 Japanese Tech Sees Resurgent Short Interest
Financials ( JPY)
Sales 2018 738 B
EBIT 2018 -
Net income 2018 -156 785 M
Debt 2018 125 B
Yield 2018 0,47%
P/E ratio 2018 -
P/E ratio 2019
EV / Sales 2018 0,37x
EV / Sales 2019 0,43x
Capitalization 146 B
Chart JAPAN DISPLAY INC
Duration : Period :
Japan Display Inc Technical Analysis Chart | 6740 | JP3389660006 | 4-Traders
Technical analysis trends JAPAN DISPLAY INC
Short TermMid-TermLong Term
TrendsBullishBullishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 14
Average target price 222  JPY
Spread / Average Target -8,5%
EPS Revisions
Managers
NameTitle
Nobuhiro Higashiiriki Chairman & Chief Executive Officer
Shuji Aruga President, Chief Operating Officer & Director
Keiichi Yoshida Chief Financial Officer & IR Contact
Hiroyuki Ohshima Chief Technology Officer
Katsuhiko Shirai Independent Non-Executive Outside Director
Sector and Competitors
1st jan.Capitalization (M$)
JAPAN DISPLAY INC-26.43%1 297
CORNING INCORPORATED22.54%26 996
SAMSUNG SDI CO LTD--.--%12 529
LG DISPLAY CO LTD--.--%9 331
LEYARD OPTOELECTRONIC CO LTD--.--%5 392
TIANMA MICROELECTRONICS CO., LTD.--.--%5 147