Japan Display Inc (6740.T)
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.
TOKYO, Aug 9 Japan Display Inc posted a wider first-quarter loss and announced about 3,700 job cuts, as it continues to struggle with slower iPhones-related demand from Apple Inc and its late entry into organic light-emitting diode (OLED) screens.
TOKYO Japan Display Inc is considering seeking funds from an outside investor to help finance an overhaul of its ailing smartphone screen-making business, including 3,500 job cuts, the Nikkei business daily reported on Tuesday.
* Japan Display considering capital injection from outsider - report
TOKYO, Aug 8 Japan Display Inc is considering inviting an outside partner to invest in it and help run its operations as part of the troubled display maker's sweeping restructuring efforts, the Nikkei business daily reported on Tuesday.
TOKYO Loss-making Japan Display Inc is seeking about 100 billion yen ($890 million) from its main creditors to fund restructuring, a source with direct knowledge of the request said.
* Shares down flat in morning trade (Recasts and writes through on source information)
TOKYO Japan Display Inc's main creditors are willing to extend loans of about 100 billion yen ($890 million) that the display maker is seeking if they are guaranteed by the Innovation Network Corp of Japan (INCJ), a source with direct knowledge of the request said.