Japan Display Incurs Net Loss of 83 B. Yen in April-June
Tokyo, Aug. 9 (Jiji Press)--Japan Display Inc. <6740> said Friday that its group net loss in April-June came to 83,274 million yen, leading to a 77,237-million-yen debt excess as of the end of June.
The Japanese liquid crystal display panel maker is aiming to procure 80 billion yen in fresh capital from a China-Hong Kong consortium by August 2020, to rebuild its business and finances as soon as possible.
On Wednesday, the Suwa Consortium concluded a capital and business alliance with JDI.
The investment will improve JDI's equity capital drastically, the consortium said Friday.
[Copyright The Jiji Press, Ltd.]