Japan Display Inc (6740.T)
17 Nov 2017
Wed, Nov 8 2017
TOKYO Japan Display Inc on Wednesday reported a deeper loss for the three months through September as its late entry into organic light-emitting diode (OLED) technology resulted in fewer orders from Apple Inc and Chinese smartphone vendors.
* FY revenue likely down 15-25 pct as major clients shift to OLED
TOKYO A Japan Display Inc group firm aims to raise $900 million (678.63 million pounds) to mass produce OLED panels using new technology that will slash costs, a source familiar with the matter said - plans that sent shares in the Apple Inc supplier surging 24 percent.
TOKYO A Japan Display Inc group firm aims to raise $900 million to mass produce OLED panels using new technology that will slash costs, a source familiar with the matter said - plans that sent shares in the Apple Inc supplier surging 24 percent.
* Mass production using the new tech could be a world first (Recasts with source information, adds analyst comment)
TOKYO, Oct 4 Japan's Nikkei share average rose to two-year highs on Wednesday, supported by an upbeat outlook for the global economy, while Japan Display rallied on a report that it had developed methods to mass-produce OLED panels at a low cost.
TOKYO, Oct 4 Shares of Japan Display Inc jumped as much as 24 percent on Wednesday after the Nikkei business daily reported the company had developed a way to mass-produce lower-cost organic light-emitting diode (OLED) screens and would start as early as in 2019.
TOKYO Japan Display said it is considering tapping new investors for capital to catch up in organic light-emitting diode (OLED) screens as its late entry into the technology is costing the display maker orders from its largest client, Apple Inc .
* No future for smartphone panel business without OLED -CEO (Recasts with CEO comments; adds background)
TOKYO Japan Display Inc on Wednesday said it would reduce 50 billion yen ($455 million) in annual fixed costs through restructuring steps, including consolidating production sites and cutting jobs.