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| type = [[Public company|Public]] [[Kabushiki Kaisha|KK]]
| type = [[Public company|Public]] [[Kabushiki Kaisha|KK]]
| traded_as = {{TYO|6740}}
| traded_as = {{TYO|6740}}
| predecessor = {{Unbulleted list|[[Sony Mobile Display]]|[[Toshiba Mobile Display]]|[[Hitachi Displays]]}}
| foundation = {{Start date and age|2012|04|01}}
| foundation = {{Start date and age|2012|04|01}}
| location = Landic Shinbashi Building 2, 3-7-1, [[Nishi-Shinbashi, Minato, Tokyo|Nishi-shinbashi]], [[Minato, Tokyo]], 105-0003, [[Japan]]
| location = Landic Shinbashi Building 2, 3-7-1, [[Nishi-Shinbashi, Minato, Tokyo|Nishi-shinbashi]], [[Minato, Tokyo]], 105-0003, [[Japan]]
| area_served = Worldwide
| area_served = Worldwide
| key_people = Scott Callon ([[Chairperson|Chairman]] and [[CEO]])<ref>{{Citation|url=https://mainichi.jp/english/articles/20201210/p2g/00m/0bu/114000c|title=Japan Display President Minoru Kikuoka to step down}}</ref>
| key_people = Minoru Kikuoka ([[CEO]] and [[President (corporate title)|President]])
| industry = [[Electronics]]
| industry = [[Electronics]]
| products = Development, production and sale of small- and medium-sized [[displays]] devices and related products
| products = Development, production and sale of small- and medium-sized [[displays]] devices and related products
| revenue = {{loss}} [[United States dollar|US$]] 6.76 billion ([[Fiscal year|FY]] 2018)
| revenue = {{loss}} [[United States dollar|US$]]6.76 billion ([[Fiscal year|FY]] 2018)<br />([[Japanese yen|¥]] 717.52 billion)
⚫
| net_income = {{loss}} US$2.33 billion (FY 2018)<br />(¥ 247.24 billion)
([[Japanese yen|¥]] 717.52 billion) (FY 2018)
⚫
| num_employees = 6,660 (as of March 31, 2022)
⚫
| net_income = {{loss}} US$ (2.33 billion) (FY 2018)
(¥ (247.24 billion) (FY 2018)
⚫
| num_employees = 8,622 (as of September 30, 2020)
| subsid =
| subsid =
| owner = Ichigo Trust (44.26%)
| owner = Ichigo Trust (44.26%)
| homepage = [http://www.j-display.com/english/index.html Official website]
| homepage = [http://www.j-display.com/english/index.html Official website]
| footnotes = <ref>{{cite web |url=https://www.j-display.com/english/company/outline.html |title=Company Outline |publisher=Japan Display |accessdate=January 7, 2019 |archive-url=https://web.archive.org/web/20190108045847/https://www.j-display.com/english/company/outline.html |archive-date=January 8, 2019 |url-status=live }}</ref><ref>{{cite web|url=https://www.j-display.com/english/ir/library/pdf/financialreport2018.pdf|title=Consolidated Financial Results for Fiscal Year 2018|publisher=Japan Display|accessdate=January 7, 2019|archive-url=https://web.archive.org/web/20190107233017/https://www.j-display.com/english/ir/library/pdf/financialreport2018.pdf|archive-date=January 7, 2019|url-status=live}}</ref>
| footnotes = <ref>{{cite web |url=https://www.j-display.com/english/company/outline.html |title=Company Outline |publisher=Japan Display |access-date=January 7, 2019 |archive-url=https://web.archive.org/web/20190108045847/https://www.j-display.com/english/company/outline.html |archive-date=January 8, 2019 |url-status=live }}</ref><ref>{{cite web|url=https://www.j-display.com/english/ir/library/pdf/financialreport2018.pdf|title=Consolidated Financial Results for Fiscal Year 2018|publisher=Japan Display|access-date=January 7, 2019|archive-url=https://web.archive.org/web/20190107233017/https://www.j-display.com/english/ir/library/pdf/financialreport2018.pdf|archive-date=January 7, 2019|url-status=live}}</ref>
}}
}}


{{nihongo|'''Japan Display Inc.'''|株式会社ジャパンディスプレイ|Kabushiki-gaisha Japan Disupurei}}, commonly called by its abbreviated name, '''JDI''', is the Japanese display technology [[joint venture]] formed by the merger of the small and medium-sized [[Liquid-crystal display|liquid crystal display]] business units of [[Sony]], [[Toshiba]], and [[Hitachi]].
{{nihongo|'''Japan Display Inc.'''|株式会社ジャパンディスプレイ|Kabushiki-gaisha Japan Disupurei}}, commonly called by its abbreviated name, '''JDI''', is the Japanese [[Display device|display technology]] [[joint venture]] formed by the merger of the small and medium-sized [[Liquid-crystal display|liquid crystal display]] businesses of [[Sony]], [[Toshiba]], and [[Hitachi]].


As of March 2014, JDI was one of the major display suppliers to [[Apple Inc.|Apple]]'s [[iPhone]].<ref>{{cite news|author1=Reiji Murai|author2=Takashi Umekawa|date=March 19, 2014|title=News of IPO by JDI|publisher=[[Reuters]]|url=https://www.reuters.com/article/2014/03/19/us-japan-display-listing-idUSBREA2I00W20140319?type=companyNews|url-status=live|accessdate=September 11, 2014|archive-url=https://web.archive.org/web/20140924044938/http://www.reuters.com/article/2014/03/19/us-japan-display-listing-idUSBREA2I00W20140319?type=companyNews|archive-date=September 24, 2014}}</ref> Also, it was a key supplier to [[Nintendo Switch]] along with [[Sharp Corporation]] until 2017.<ref>https://xtech.nikkei.com/dm/atcl/feature/15/122200045/010400368/?ST=SP&n_cid=nbptec_twbn_sp_t</ref>
As of March 2014, JDI was one of the major display suppliers to [[Apple Inc.|Apple]]'s [[iPhone]].<ref>{{cite news|author1=Reiji Murai|author2=Takashi Umekawa|date=March 19, 2014|title=News of IPO by JDI|publisher=[[Reuters]]|url=https://www.reuters.com/article/us-japan-display-listing-idUSBREA2I00W20140319?type=companyNews|url-status=live|access-date=September 11, 2014|archive-url=https://web.archive.org/web/20140924044938/http://www.reuters.com/article/2014/03/19/us-japan-display-listing-idUSBREA2I00W20140319?type=companyNews|archive-date=September 24, 2014}}</ref> Also, it was a key supplier to [[Nintendo Switch]], along with [[Sharp Corporation]], until 2017.<ref>{{Cite web|url=https://xtech.nikkei.com/dm/atcl/feature/15/122200045/010400368/?ST=SP&n_cid=nbptec_twbn_sp_t|title=Nintendo Switchの好況に沸くゲーム機向け液晶パネル|date=9 January 2018 }}</ref>


As of 2020, JDI has development of three types of displays ongoing under its operation: LCD, [[OLED]], and [[microLED]].<ref>{{Cite web|title=Technology : JDI's Latest Display Technology {{!}} Japan Display Inc.|url=https://www.j-display.com/english/technology/jdinewtech.html|access-date=2020-11-22|website=www.j-display.com}}</ref><ref name=":0" /><ref name=":1" />
As of 2020, JDI has research and production of three types of displays ongoing under its operation: LCD, [[OLED]], and [[microLED]].<ref>{{Cite web|title=Technology : JDI's Latest Display Technology {{!}} Japan Display Inc.|url=https://www.j-display.com/english/technology/jdinewtech.html|access-date=2020-11-22|website=www.j-display.com}}</ref><ref name=":2">{{Cite web|title=Japan Display starts to produce OLED displays, probably for Apple's watch {{!}} OLED-Info|url=https://www.oled-info.com/japan-display-starts-produce-oled-displays-probably-apples-watch|access-date=2020-11-22|website=www.oled-info.com}}</ref><ref name=":1" />


== History ==
==History==
On August 31, 2011, Sony, Toshiba, and Hitachi agreed to the merger of their respective small-to-medium-sized LCD businesses, supported by an investment of two hundred billion yen from [[INCJ]]. Soon after, INCJ and Panasonic also began talks on the acquisition of one of Panasonic's factories.<ref>{{cite web|date=November 15, 2011|title=Panasonic to Sell TV Panel Factory to New Japan Display Venture|url=http://www.cio.com/article/694052/Panasonic_to_Sell_TV_Panel_Factory_to_New_Japan_Display_Venture|url-status=live|archive-url=https://web.archive.org/web/20140110133957/http://www.cio.com/article/694052/Panasonic_to_Sell_TV_Panel_Factory_to_New_Japan_Display_Venture|archive-date=January 10, 2014|accessdate=March 23, 2014|publisher=[[CIO magazine|CIO]]}}</ref>
On August 31, 2011, [[Sony]], [[Toshiba]], and [[Hitachi]] agreed to a merger of their respective small-to-medium-sized [[Liquid-crystal display|LCD]] businesses, supported by an investment of two hundred billion yen from [[INCJ]]. Soon after, INCJ and Panasonic also began talks on the acquisition of one of Panasonic's factories.<ref>{{cite web|date=November 15, 2011|title=Panasonic to Sell TV Panel Factory to New Japan Display Venture|url=http://www.cio.com/article/694052/Panasonic_to_Sell_TV_Panel_Factory_to_New_Japan_Display_Venture|url-status=live|archive-url=https://web.archive.org/web/20140110133957/http://www.cio.com/article/694052/Panasonic_to_Sell_TV_Panel_Factory_to_New_Japan_Display_Venture|archive-date=January 10, 2014|access-date=March 23, 2014|publisher=[[CIO magazine|CIO]]}}</ref>


JDI has started its operation on April 1, 2012 after it had finalized the agreement between the stakeholders on November 15, 2011.<ref>{{cite web |url=http://www.dailytech.com/Sony+Hitachi+and+Toshiba+Agree+to+Japan+Display+Joint+Venture/article23287.htm#sthash.n505fv5T.dpuf |title=Sony, Hitachi, and Toshiba Agree to "Japan Display" Joint Venture |publisher=[[DailyTech]] |date=November 15, 2011 |accessdate=March 23, 2014 |archive-url=https://web.archive.org/web/20111117225459/http://www.dailytech.com/Sony+Hitachi+and+Toshiba+Agree+to+Japan+Display+Joint+Venture/article23287.htm#sthash.n505fv5T.dpuf |archive-date=November 17, 2011 |url-status=dead }}</ref>
JDI has started its operation on April 1, 2012, after it had finalized the agreement between the stakeholders on November 15, 2011.<ref>{{cite web |url=http://www.dailytech.com/Sony+Hitachi+and+Toshiba+Agree+to+Japan+Display+Joint+Venture/article23287.htm#sthash.n505fv5T.dpuf |title=Sony, Hitachi, and Toshiba Agree to "Japan Display" Joint Venture |publisher=[[DailyTech]] |date=November 15, 2011 |access-date=March 23, 2014 |archive-url=https://web.archive.org/web/20111117225459/http://www.dailytech.com/Sony+Hitachi+and+Toshiba+Agree+to+Japan+Display+Joint+Venture/article23287.htm#sthash.n505fv5T.dpuf |archive-date=November 17, 2011 |url-status=dead }}</ref>


In April 2013, Japan Display West, Japan Display Central, and Japan Display East were merged. In October, Taiwan Diskplay Inc was established.
In April 2013, Japan Display West, Japan Display Central, and Japan Display East were merged. In October, Taiwan Display Inc. was established.


On March 19, 2014, the company was listed on the first section of the [[Tokyo Stock Exchange]].<ref>{{cite news|date=March 19, 2014|title=Japan Display Inc. Listed on the First Section of the Tokyo Stock Exchange|publisher=Japan Display|url=http://www.j-display.com/english/news/2014/20140319.html|url-status=live|accessdate=March 22, 2014|archive-url=https://web.archive.org/web/20140416012556/http://www.j-display.com/english/news/2014/20140319.html|archive-date=April 16, 2014}}</ref><ref>{{cite news|author=Shinichiro Unozawa|date=March 19, 2014|title=Japan Display IPO 1st fruit of INCJ's investment|publisher=[[Nikkei Inc.]]|url=http://asia.nikkei.com/Business/Companies/Japan-Display-debuts-on-TSE-as-1st-fruit-of-INCJs-investment|url-status=live|accessdate=September 11, 2014|archive-url=https://web.archive.org/web/20140911150600/http://asia.nikkei.com/Business/Companies/Japan-Display-debuts-on-TSE-as-1st-fruit-of-INCJs-investment|archive-date=September 11, 2014}}</ref>
On March 19, 2014, the company was listed on the first section of the [[Tokyo Stock Exchange]].<ref>{{cite news|date=March 19, 2014|title=Japan Display Inc. Listed on the First Section of the Tokyo Stock Exchange|publisher=Japan Display|url=http://www.j-display.com/english/news/2014/20140319.html|url-status=live|access-date=March 22, 2014|archive-url=https://web.archive.org/web/20140416012556/http://www.j-display.com/english/news/2014/20140319.html|archive-date=April 16, 2014}}</ref><ref>{{cite news|author=Shinichiro Unozawa|date=March 19, 2014|title=Japan Display IPO 1st fruit of INCJ's investment|publisher=[[Nikkei Inc.]]|url=http://asia.nikkei.com/Business/Companies/Japan-Display-debuts-on-TSE-as-1st-fruit-of-INCJs-investment|url-status=live|access-date=September 11, 2014|archive-url=https://web.archive.org/web/20140911150600/http://asia.nikkei.com/Business/Companies/Japan-Display-debuts-on-TSE-as-1st-fruit-of-INCJs-investment|archive-date=September 11, 2014}}</ref>


JDI has accumulated consecutive losses since its IPO. A restructuring plan was announced in 2017, including closing down a production line in Japan and the layoffs of approx. a third of its workforce.
JDI had accumulated consecutive losses since its IPO, a restructuring plan was announced in 2017, including closing down a production line in Japan and layoffs of approximately a third of its workforce.


A newly-created entity INCJ, Ltd. had become the largest shareholder of JDI with 25,29 % of total shares since September 21, 2018 as a result of a corporate split of the old INCJ.<ref>[https://ssl4.eir-parts.net/doc/6740/tdnet/1630872/00.pdf ''Notice Concerning a Change in the Largest Major Shareholder.''] Filing, JDI, 21 September, 2018. Retrieved January 7, 2019</ref>
A newly created entity INCJ, Ltd. had become the largest shareholder of JDI with 25,29 % of total shares since September 21, 2018 as a result of a corporate split of the old INCJ.<ref>[https://ssl4.eir-parts.net/doc/6740/tdnet/1630872/00.pdf ''Notice Concerning a Change in the Largest Major Shareholder.''] Filing, JDI, 21 September 2018. Retrieved January 7, 2019</ref>


From 2019 onwards, the company began to actively seek further investments as its financial difficulties worsened. It went on to sign a memorandum of understanding to sell 49.82% of the company to Suwa Investment Holdings LLC at a sale price of US$715 million. Suwa was the name of a group of investors, which included the Chinese [[Silk Road Fund]] and Harvest Tech Investment Management, Taiwan’s TPK Holdings, and [[Fubon Financial Holding Co.|Fubon Financial Holdings]].<ref>{{Cite web|title=Archived copy|url=https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|url-status=live|archive-url=https://web.archive.org/web/20200329094552/https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|archive-date=2020-03-29|access-date=2020-05-05}}</ref>
From 2019 onwards, the company began to actively seek further investments as its financial difficulties worsened. It went on to sign a memorandum of understanding to sell 49.82% of the company to Suwa Investment Holdings LLC at a sale price of US$715 million. Suwa was the name of a group of investors, which included the Chinese [[Silk Road Fund]] and Harvest Tech Investment Management, Taiwan's TPK Holdings, and [[Fubon Financial Holding Co.|Fubon Financial Holdings]].<ref name="anandtech.com">{{Cite web|title=Japan Display Secures ~$0.92 Billion Bailout from Japan's Ichigo|url=https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|url-status=live|archive-url=https://web.archive.org/web/20200329094552/https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|archive-date=2020-03-29|access-date=2020-05-05}}</ref>


On June 12, 2019, JDI disclosed that major changes are to be implemented due to sluggish sales in the Mobile Business Division. It announced one plant would be closed and another has suspended operation. A major reduction of the workforce is also planned.<ref> [https://ssl4.eir-parts.net/doc/6740/tdnet/1720855/00.pdf ''Structural Reforms.''] Notice by JDC. June 12, 2019. Retrieved June 28, 2019</ref> On June 27, $100 million investment was announced by Apple, boosting the stock price of JDI by 32% at the time.<ref>{{Cite news|date=2019-06-27|title=Japan Display to receive $100 million investment from Apple, says...|language=en|work=Reuters|url=https://uk.reuters.com/article/us-japan-display-funding-apple-idUKKCN1TS0CH|url-status=live|access-date=2019-06-27|archive-url=https://web.archive.org/web/20190627075135/https://uk.reuters.com/article/us-japan-display-funding-apple-idUKKCN1TS0CH|archive-date=2019-06-27}}</ref>
On June 12, 2019, JDI disclosed that major changes are to be implemented due to sluggish sales in the Mobile Business Division. It announced one plant would be closed and another has suspended operation. A major reduction of the workforce was also planned.<ref>[https://ssl4.eir-parts.net/doc/6740/tdnet/1720855/00.pdf ''Structural Reforms.''] Notice by JDC. June 12, 2019. Retrieved June 28, 2019</ref> On June 27, $100 million investment was announced by [[Apple Inc.|Apple]], boosting the stock price of JDI by 32 percent at the time.<ref>{{Cite news|date=2019-06-27|title=Japan Display to receive $100 million investment from Apple, says...|language=en|work=Reuters|url=https://uk.reuters.com/article/us-japan-display-funding-apple-idUKKCN1TS0CH|url-status=dead|access-date=2019-06-27|archive-url=https://web.archive.org/web/20190627075135/https://uk.reuters.com/article/us-japan-display-funding-apple-idUKKCN1TS0CH|archive-date=2019-06-27}}</ref>


In October 2019, JDI revealed it has started producing OLED displays for Apple's [[Apple Watch|smartwatch]].<ref name=":2" />
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On December 26, it officially entered talks to sell its plant in [[Hakusan, Ishikawa]] to [[Sharp Corporation]] for 80 to 90 billion yen which is about US$800 million, with a plan to avail the profit to the repayment of the loan made by [[Apple Inc.|Apple]] whose investment partially funded the construction of the plant.<ref>{{Cite web|title=Archived copy|url=https://asia.nikkei.com/Business/Companies/Apple-supplier-Japan-Display-agrees-to-800m-bailout|url-status=live|archive-url=https://web.archive.org/web/20200325092341/https://asia.nikkei.com/Business/Companies/Apple-supplier-Japan-Display-agrees-to-800m-bailout|archive-date=2020-03-25|access-date=2020-04-07}}</ref> The Hakusan plant was built in 2015 and began operations in 2016 at a cost of US$1.5 billion, and has been partly idle since June 2019, due to Apple's adoption of OLED displays.<ref>{{Cite web|title=Archived copy|url=https://asia.nikkei.com/Business/Business-deals/Apple-said-to-buy-200m-in-Japan-Display-plant-assets|url-status=live|archive-url=https://web.archive.org/web/20200503134806/https://asia.nikkei.com/Business/Business-deals/Apple-said-to-buy-200m-in-Japan-Display-plant-assets|archive-date=2020-05-03|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Archived copy|url=https://www.reuters.com/article/us-japan-display-funding/japan-display-in-talks-to-sell-key-smartphone-screen-plant-to-apple-sharp-nikkei-idUSKBN1YU1AI|url-status=live|archive-url=https://web.archive.org/web/20200423202738/https://www.reuters.com/article/us-japan-display-funding/japan-display-in-talks-to-sell-key-smartphone-screen-plant-to-apple-sharp-nikkei-idUSKBN1YU1AI|archive-date=2020-04-23|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Archived copy|url=https://9to5mac.com/2019/09/02/japan-display-oled-iphone/|url-status=live|archive-url=https://web.archive.org/web/20200404190136/https://9to5mac.com/2019/09/02/japan-display-oled-iphone/|archive-date=2020-04-04|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Archived copy|url=https://www.japantimes.co.jp/news/2019/12/27/business/japan-display-considers-selling-key-plant-apple-sharp/#.XrENAaj0ncc|url-status=live|archive-url=https://web.archive.org/web/20191227111133/https://www.japantimes.co.jp/news/2019/12/27/business/japan-display-considers-selling-key-plant-apple-sharp/#.XrENAaj0ncc|archive-date=2019-12-27|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Archived copy|url=https://asia.nikkei.com/Business/Business-deals/Japan-Display-in-talks-with-Apple-and-Sharp-to-sell-factory|url-status=live|archive-url=https://web.archive.org/web/20200329034521/https://asia.nikkei.com/Business/Business-deals/Japan-Display-in-talks-with-Apple-and-Sharp-to-sell-factory|archive-date=2020-03-29|access-date=2020-05-05}}</ref>


⚫
On December 26, it officially entered talks to sell its plant in [[Hakusan, Ishikawa]] to [[Sharp Corporation]] for 80 to 90 billion yen which is about US$800 million, with a plan to avail the profit to the repayment of the loan made by Apple whose investment partially funded the construction of the plant.<ref>{{Cite web|title=Apple supplier Japan Display agrees to $800m bailout|url=https://asia.nikkei.com/Business/Companies/Apple-supplier-Japan-Display-agrees-to-800m-bailout|url-status=live|archive-url=https://web.archive.org/web/20200325092341/https://asia.nikkei.com/Business/Companies/Apple-supplier-Japan-Display-agrees-to-800m-bailout|archive-date=2020-03-25|access-date=2020-04-07}}</ref> The Hakusan plant was built in 2015 and began operations in 2016 at a cost of US$1.5 billion, and has been partly idle since June 2019, due to Apple's use of [[OLED]] displays.<ref name="asia.nikkei.com">{{Cite web|title=Apple said to buy $200m in Japan Display plant assets|url=https://asia.nikkei.com/Business/Business-deals/Apple-said-to-buy-200m-in-Japan-Display-plant-assets|url-status=live|archive-url=https://web.archive.org/web/20200503134806/https://asia.nikkei.com/Business/Business-deals/Apple-said-to-buy-200m-in-Japan-Display-plant-assets|archive-date=2020-05-03|access-date=2020-05-05}}</ref><ref>{{Cite news|title=Japan Display in talks to sell key smartphone screen plant to Apple, Sharp: Nikkei|newspaper=Reuters|date=27 December 2019|url=https://www.reuters.com/article/us-japan-display-funding/japan-display-in-talks-to-sell-key-smartphone-screen-plant-to-apple-sharp-nikkei-idUSKBN1YU1AI|url-status=live|archive-url=https://web.archive.org/web/20200423202738/https://www.reuters.com/article/us-japan-display-funding/japan-display-in-talks-to-sell-key-smartphone-screen-plant-to-apple-sharp-nikkei-idUSKBN1YU1AI|archive-date=2020-04-23|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Japan Display OLED iPhone screens could still be two plus years away|date=2 September 2019|url=https://9to5mac.com/2019/09/02/japan-display-oled-iphone/|url-status=live|archive-url=https://web.archive.org/web/20200404190136/https://9to5mac.com/2019/09/02/japan-display-oled-iphone/|archive-date=2020-04-04|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Japan Display considers selling key plant to Apple and Sharp &#124; the Japan Times|date=27 December 2019 |url=https://www.japantimes.co.jp/news/2019/12/27/business/japan-display-considers-selling-key-plant-apple-sharp/#.XrENAaj0ncc|url-status=live|archive-url=https://web.archive.org/web/20191227111133/https://www.japantimes.co.jp/news/2019/12/27/business/japan-display-considers-selling-key-plant-apple-sharp/#.XrENAaj0ncc|archive-date=2019-12-27|access-date=2020-05-05}}</ref><ref>{{Cite web|title=Japan Display in talks with Apple and Sharp to sell factory|url=https://asia.nikkei.com/Business/Business-deals/Japan-Display-in-talks-with-Apple-and-Sharp-to-sell-factory|url-status=live|archive-url=https://web.archive.org/web/20200329034521/https://asia.nikkei.com/Business/Business-deals/Japan-Display-in-talks-with-Apple-and-Sharp-to-sell-factory|archive-date=2020-03-29|access-date=2020-05-05}}</ref>
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Due to the financial trouble caused by its late decision to manufacture [[OLED]] displays and the loan from Apple, the company's OLED spin-off, {{ill|JOLED|ja}}, has not yet been able to compete with other manufacturers, whilst more than half of JDI's revenue still came from the shrinking IPS LCD panel sales to Apple.<ref>{{Cite web|title=Archived copy|url=https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|url-status=live|archive-url=https://web.archive.org/web/20200329094552/https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|archive-date=2020-03-29|access-date=2020-05-05}}</ref>


⚫
Due to the financial trouble caused by its late decision to manufacture OLED displays and the loan from Apple, the company's OLED affiliate, [[JOLED]], has not yet been able to compete with other manufacturers, whilst more than half of JDI's revenue still came from the shrinking [[IPS panel|IPS LCD]] panel sales to Apple.<ref name="anandtech.com"/>
⚫
In February 2020, Ichigo Asset management, a multinational private investment fund, gained control of JDI in exchange for US$715 million of investment. In turn, the memorandum signed the year before with Suwa was terminated.<ref>{{Cite web|title=Archived copy|url=https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|url-status=live|archive-url=https://web.archive.org/web/20200329094552/https://www.anandtech.com/show/15464/japan-display-secures-bailout-from-japans-ichigo|archive-date=2020-03-29|access-date=2020-05-05}}</ref> INCJ and other existing shareholders retained stakes in the company.


⚫
In February 2020, Ichigo Asset management, a multinational private investment fund, gained control of JDI in exchange for US$715 million of investment. In turn, the memorandum signed with Suwa a year before was terminated.<ref name="anandtech.com"/> INCJ and other existing shareholders retained stakes in the company.
⚫
In April 2020, in accordance with the talks held in December, JDI began to sell LCD production equipment valued at US$200 million to Apple, with plans to sell the real estate in the Hakusan plant to Sharp. This will allow JDI to focus on its remaining product demand and factories. The sales have been completed by October.<ref>{{Cite web|title=Archived copy|url=https://asia.nikkei.com/Business/Business-deals/Apple-said-to-buy-200m-in-Japan-Display-plant-assets|url-status=live|archive-url=https://web.archive.org/web/20200503134806/https://asia.nikkei.com/Business/Business-deals/Apple-said-to-buy-200m-in-Japan-Display-plant-assets|archive-date=2020-05-03|access-date=2020-05-05}}</ref>


⚫
In April 2020, in accordance with the talks held in December, JDI began to sell LCD production equipment valued at US$200 million to Apple, with plans to sell the real estate of the Hakusan plant to Sharp. This will allow JDI to focus on its remaining product demand and factories. The sales have been completed by October.<ref name="asia.nikkei.com"/>
⚫
In July 2020, the CEO of JDI revealed the company's plan to start mass production of small OLED display panels "as early as 2022" with a novel manufacturing technology.<ref name=":0">{{Cite web|last=|first=|date=|title=Apple Supplier JDI Surges as CEO Reveals Mobile OLED Talks|url=https://www.bloomberg.com/news/articles/2020-07-16/apple-watch-supplier-in-talks-on-smartphone-oled-investment|url-status=live|archive-url=|archive-date=|access-date=2020-07-31|website=www.bloomberg.com}}</ref>

⚫
In July 2020, the CEO of JDI revealed the company's plan to start mass production of OLED display panels for smartphones "as early as 2022" with a novel manufacturing technology, adding that it would require new funding.<ref name=":0">{{Cite news|title=Apple Supplier JDI Surges as CEO Reveals Mobile OLED Talks|url=https://www.bloomberg.com/news/articles/2020-07-16/apple-watch-supplier-in-talks-on-smartphone-oled-investment|access-date=2020-07-31|website=Bloomberg|date=16 July 2020 }}</ref>


==Technology==
==Technology==
JDI has produced [[active-matrix]] displays driven by [[TFT LCD|TFT]]s based on a ''[[Low-temperature polycrystalline silicon|low-temperature polycrystalline-silicon]]'' ("LTPS") process instead of amorphous silicon, allowing a higher resolutions of their displays.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdilcd/highreso.html |title=LTPS explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328225205/http://www.j-display.com/english/technology/jdilcd/highreso.html |archive-date=2014-03-28 |url-status=live }}</ref> The [[IPS panel|In-Plane-Switching]] technology developed by [[Hitachi]] also has been used. The company has developed an improvement for darker black pixels (''true-black appearance''), called "IPS-NEO", which reduces the light shining through from the backlighting.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdilcd/pictureq.html |title=IPS-NEO explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328230635/http://www.j-display.com/english/technology/jdilcd/pictureq.html |archive-date=2014-03-28 |url-status=live }}</ref>
JDI has produced [[active-matrix]] displays driven by [[TFT LCD|TFT]]s based on a ''[[Low-temperature polycrystalline silicon|low-temperature polycrystalline-silicon]]'' ("LTPS") process instead of amorphous silicon, allowing higher resolutions of their displays.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdilcd/highreso.html |title=LTPS explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328225205/http://www.j-display.com/english/technology/jdilcd/highreso.html |archive-date=2014-03-28 |url-status=live }}</ref> The [[IPS panel|In-Plane-Switching]] technology developed by [[Hitachi]] also has been used. The company has developed an improvement for darker black pixels (''true-black appearance''), called "IPS-NEO", which reduces the light shining through from the backlighting.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdilcd/pictureq.html |title=IPS-NEO explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328230635/http://www.j-display.com/english/technology/jdilcd/pictureq.html |archive-date=2014-03-28 |url-status=live }}</ref>


Its "Pixel Eyes" technology incorporates the touch function into the LCD panel itself; combined with the company's transparent display technology, a transparent [[fingerprint]] reader that can be featured in smartphones was announced in 2018.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdilcd/thin_light.html |title=Pixel Eyes explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328230957/http://www.j-display.com/english/technology/jdilcd/thin_light.html |archive-date=2014-03-28 |url-status=live }}</ref><ref>{{Cite web|last=|first=|date=2018-01-23|title=JDI creates transparent fingerprint reader|url=https://www.gsmarena.com/jdi_creates_transparent_fingerprint_reader-news-29276.php|url-status=live|archive-url=|archive-date=|access-date=2020-11-22|website=GSMArena.com|language=en-US}}</ref>
Its "Pixel Eyes" technology incorporates the touch function into the LCD panel itself; combined with the company's transparent display technology, a transparent [[fingerprint]] reader that could be featured in smartphones was announced in 2018.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdilcd/thin_light.html |title=Pixel Eyes explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328230957/http://www.j-display.com/english/technology/jdilcd/thin_light.html |archive-date=March 28, 2014 |url-status=live }}</ref><ref>{{Cite web|date=January 23, 2018|title=JDI creates transparent fingerprint reader|url=https://www.gsmarena.com/jdi_creates_transparent_fingerprint_reader-news-29276.php|access-date=November 22, 2020|website=GSMArena.com|language=en-US}}</ref>


For reflective LCDs without backlighting, JDI has developed an addressing technique using a thin-film memory device [[Static Random Access Memory|SRAM]] in addition to the conventional TFT for each pixel, so that a still image can be stored utilizing a small amount of energy.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdinew/ultralowp.html |title=Combination of SRAM + TFT explained |access-date=2014-03-28 |archive-url=https://web.archive.org/web/20140328225731/http://www.j-display.com/english/technology/jdinew/ultralowp.html |archive-date=2014-03-28 |url-status=live }}</ref>
For reflective LCDs without backlighting, JDI has developed an addressing technique using a thin-film memory device [[Static Random Access Memory|SRAM]] in addition to the conventional TFT for each pixel, so that a still image can be stored consuming a low amount of energy.<ref>{{Cite web |url=http://www.j-display.com/english/technology/jdinew/ultralowp.html |title=Combination of SRAM + TFT explained |access-date=March 28, 2014 |archive-url=https://web.archive.org/web/20140328225731/http://www.j-display.com/english/technology/jdinew/ultralowp.html |archive-date=March 28, 2014 |url-status=live }}</ref>


In November 2019, JDI unveiled a prototype of a 12.3-inch transparent LCD that has a transmittance rate of as high as 87%.<ref>{{Cite web|title=Japan Display to Showcase 12.3-inch Transparent LCD Display at FINTECH JAPAN 2019 {{!}} CdrInfo.com|url=https://www.cdrinfo.com/d7/content/japan-display-showcase-123-inch-transparent-lcd-display-fintech-japan-2019|access-date=2020-11-22|website=www.cdrinfo.com}}</ref>
In November 2019, JDI unveiled a prototype of a 12.3-inch transparent LCD that has a transmittance rate of as high as 87 percent.<ref>{{Cite web|title=Japan Display to Showcase 12.3-inch Transparent LCD Display at FINTECH JAPAN 2019 {{!}} CdrInfo.com|url=https://www.cdrinfo.com/d7/content/japan-display-showcase-123-inch-transparent-lcd-display-fintech-japan-2019|access-date=November 22, 2020|website=www.cdrinfo.com}}</ref>


In December 2019, it announced that it has developed a 1.6-inch [[microLED]] display module, which can be assembled to form a bigger screen. A clear roadmap regarding its commercialization of microLED was not disclosed.<ref name=":1">{{Cite web|last=Shilov|first=Anton|title=Japan Display Develops 1.6-Inch Micro LED Display Module: 265 PPI & 3,000 Nits|url=https://www.anandtech.com/show/15174/japan-display-develops-16inch-micro-led-display-module-265-ppi-3000-nits|access-date=2020-11-22|website=www.anandtech.com}}</ref>
In December 2019, it announced that it has developed a 1.6-inch [[microLED]] display module with a pixel density of 265 ppi and a peak brightness of 3,000 nits, which can be assembled to form a large screen.<ref name=":1">{{Cite web|last=Shilov|first=Anton|title=Japan Display Develops 1.6-Inch Micro LED Display Module: 265 PPI & 3,000 Nits|url=https://www.anandtech.com/show/15174/japan-display-develops-16inch-micro-led-display-module-265-ppi-3000-nits|access-date=November 22, 2020|website=www.anandtech.com}}</ref>


==See also==
==See also==
Line 73: Line 74:
{{Reflist}}
{{Reflist}}


== External links ==
==External links==
* {{Official website|www.j-display.com/english/index.html|Japan Display Inc. official website}} {{in lang|en}}
* {{Official website|www.j-display.com/english/index.html|Japan Display Inc. official website}} {{in lang|en}}
* {{Official website|www.tdi.j-display.com/tw/|JDI Group - Taiwan Display Inc. official website}} {{in lang|zh}}
* {{Official website|www.tdi.j-display.com/tw/|JDI Group - Taiwan Display Inc. official website}} {{in lang|zh}}
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[[Category:Companies listed on the Tokyo Stock Exchange]]
[[Category:Companies listed on the Tokyo Stock Exchange]]
[[Category:Sony]]
[[Category:Sony]]
[[Category:Hitachi]]
[[Category:Hitachi subsidiaries]]
[[Category:Toshiba]]
[[Category:Toshiba]]
[[Category:Joint ventures]]
[[Category:Joint ventures]]

Latest revision as of 21:06, 12 September 2024

Japan Display Inc.
株式会社ジャパンディスプレイ
Company typePublic KK
TYO: 6740
IndustrieElectronics
Predecessor
GegründetApril 1, 2012; 12 years ago (2012-04-01)
HauptsitzLandic Shinbashi Building 2, 3-7-1, Nishi-shinbashi, Minato, Tokyo, 105-0003, Japan
Area served
Worldwide
Key people
Scott Callon (Chairman and CEO)[1]
ProdukteDevelopment, production and sale of small- and medium-sized displays devices and related products
RevenueDecrease US$6.76 billion (FY 2018)
(¥ 717.52 billion)
Decrease US$2.33 billion (FY 2018)
(¥ 247.24 billion)
OwnerIchigo Trust (44.26%)
Number of employees
6,660 (as of March 31, 2022)
WebsiteOfficial website
Footnotes / references
[2][3]

Japan Display Inc. (株式会社ジャパンディスプレイ, Kabushiki-gaisha Japan Disupurei), commonly called by its abbreviated name, JDI, is the Japanese display technology joint venture formed by the merger of the small and medium-sized liquid crystal display businesses of Sony, Toshiba, and Hitachi.

As of March 2014, JDI was one of the major display suppliers to Apple's iPhone.[4] Also, it was a key supplier to Nintendo Switch, along with Sharp Corporation, until 2017.[5]

As of 2020, JDI has research and production of three types of displays ongoing under its operation: LCD, OLED, and microLED.[6][7][8]

History

[edit]

On August 31, 2011, Sony, Toshiba, and Hitachi agreed to a merger of their respective small-to-medium-sized LCD businesses, supported by an investment of two hundred billion yen from INCJ. Soon after, INCJ and Panasonic also began talks on the acquisition of one of Panasonic's factories.[9]

JDI has started its operation on April 1, 2012, after it had finalized the agreement between the stakeholders on November 15, 2011.[10]

In April 2013, Japan Display West, Japan Display Central, and Japan Display East were merged. In October, Taiwan Display Inc. was established.

On March 19, 2014, the company was listed on the first section of the Tokyo Stock Exchange.[11][12]

JDI had accumulated consecutive losses since its IPO, a restructuring plan was announced in 2017, including closing down a production line in Japan and layoffs of approximately a third of its workforce.

A newly created entity INCJ, Ltd. had become the largest shareholder of JDI with 25,29 % of total shares since September 21, 2018 as a result of a corporate split of the old INCJ.[13]

From 2019 onwards, the company began to actively seek further investments as its financial difficulties worsened. It went on to sign a memorandum of understanding to sell 49.82% of the company to Suwa Investment Holdings LLC at a sale price of US$715 million. Suwa was the name of a group of investors, which included the Chinese Silk Road Fund and Harvest Tech Investment Management, Taiwan's TPK Holdings, and Fubon Financial Holdings.[14]

On June 12, 2019, JDI disclosed that major changes are to be implemented due to sluggish sales in the Mobile Business Division. It announced one plant would be closed and another has suspended operation. A major reduction of the workforce was also planned.[15] On June 27, $100 million investment was announced by Apple, boosting the stock price of JDI by 32 percent at the time.[16]

In October 2019, JDI revealed it has started producing OLED displays for Apple's smartwatch.[7]

On December 26, it officially entered talks to sell its plant in Hakusan, Ishikawa to Sharp Corporation for 80 to 90 billion yen which is about US$800 million, with a plan to avail the profit to the repayment of the loan made by Apple whose investment partially funded the construction of the plant.[17] The Hakusan plant was built in 2015 and began operations in 2016 at a cost of US$1.5 billion, and has been partly idle since June 2019, due to Apple's use of OLED displays.[18][19][20][21][22]

Due to the financial trouble caused by its late decision to manufacture OLED displays and the loan from Apple, the company's OLED affiliate, JOLED, has not yet been able to compete with other manufacturers, whilst more than half of JDI's revenue still came from the shrinking IPS LCD panel sales to Apple.[14]

In February 2020, Ichigo Asset management, a multinational private investment fund, gained control of JDI in exchange for US$715 million of investment. In turn, the memorandum signed with Suwa a year before was terminated.[14] INCJ and other existing shareholders retained stakes in the company.

In April 2020, in accordance with the talks held in December, JDI began to sell LCD production equipment valued at US$200 million to Apple, with plans to sell the real estate of the Hakusan plant to Sharp. This will allow JDI to focus on its remaining product demand and factories. The sales have been completed by October.[18]

In July 2020, the CEO of JDI revealed the company's plan to start mass production of OLED display panels for smartphones "as early as 2022" with a novel manufacturing technology, adding that it would require new funding.[23]

Technologie

[edit]

JDI has produced active-matrix displays driven by TFTs based on a low-temperature polycrystalline-silicon ("LTPS") process instead of amorphous silicon, allowing higher resolutions of their displays.[24] The In-Plane-Switching technology developed by Hitachi also has been used. The company has developed an improvement for darker black pixels (true-black appearance), called "IPS-NEO", which reduces the light shining through from the backlighting.[25]

Its "Pixel Eyes" technology incorporates the touch function into the LCD panel itself; combined with the company's transparent display technology, a transparent fingerprint reader that could be featured in smartphones was announced in 2018.[26][27]

For reflective LCDs without backlighting, JDI has developed an addressing technique using a thin-film memory device SRAM in addition to the conventional TFT for each pixel, so that a still image can be stored consuming a low amount of energy.[28]

In November 2019, JDI unveiled a prototype of a 12.3-inch transparent LCD that has a transmittance rate of as high as 87 percent.[29]

In December 2019, it announced that it has developed a 1.6-inch microLED display module with a pixel density of 265 ppi and a peak brightness of 3,000 nits, which can be assembled to form a large screen.[8]

See also

[edit]

References

[edit]
  1. ^ Japan Display President Minoru Kikuoka to step down
  2. ^ "Company Outline". Japan Display. Archived from the original on January 8, 2019. Retrieved January 7, 2019.
  3. ^ "Consolidated Financial Results for Fiscal Year 2018" (PDF). Japan Display. Archived (PDF) from the original on January 7, 2019. Retrieved January 7, 2019.
  4. ^ Reiji Murai; Takashi Umekawa (March 19, 2014). "News of IPO by JDI". Reuters. Archived from the original on September 24, 2014. Retrieved September 11, 2014.
  5. ^ "Nintendo Switchの好況に沸くゲーム機向け液晶パネル". 9 January 2018.
  6. ^ "Technology : JDI's Latest Display Technology | Japan Display Inc". www.j-display.com. Retrieved 2020-11-22.
  7. ^ a b "Japan Display starts to produce OLED displays, probably for Apple's watch | OLED-Info". www.oled-info.com. Retrieved 2020-11-22.
  8. ^ a b Shilov, Anton. "Japan Display Develops 1.6-Inch Micro LED Display Module: 265 PPI & 3,000 Nits". www.anandtech.com. Retrieved November 22, 2020.
  9. ^ "Panasonic to Sell TV Panel Factory to New Japan Display Venture". CIO. November 15, 2011. Archived from the original on January 10, 2014. Retrieved March 23, 2014.
  10. ^ "Sony, Hitachi, and Toshiba Agree to "Japan Display" Joint Venture". DailyTech. November 15, 2011. Archived from the original on November 17, 2011. Retrieved March 23, 2014.
  11. ^ "Japan Display Inc. Listed on the First Section of the Tokyo Stock Exchange". Japan Display. March 19, 2014. Archived from the original on April 16, 2014. Retrieved March 22, 2014.
  12. ^ Shinichiro Unozawa (March 19, 2014). "Japan Display IPO 1st fruit of INCJ's investment". Nikkei Inc. Archived from the original on September 11, 2014. Retrieved September 11, 2014.
  13. ^ Notice Concerning a Change in the Largest Major Shareholder. Filing, JDI, 21 September 2018. Retrieved January 7, 2019
  14. ^ a b c "Japan Display Secures ~$0.92 Billion Bailout from Japan's Ichigo". Archived from the original on 2020-03-29. Retrieved 2020-05-05.
  15. ^ Structural Reforms. Notice by JDC. June 12, 2019. Retrieved June 28, 2019
  16. ^ "Japan Display to receive $100 million investment from Apple, says..." Reuters. 2019-06-27. Archived from the original on 2019-06-27. Retrieved 2019-06-27.
  17. ^ "Apple supplier Japan Display agrees to $800m bailout". Archived from the original on 2020-03-25. Retrieved 2020-04-07.
  18. ^ a b "Apple said to buy $200m in Japan Display plant assets". Archived from the original on 2020-05-03. Retrieved 2020-05-05.
  19. ^ "Japan Display in talks to sell key smartphone screen plant to Apple, Sharp: Nikkei". Reuters. 27 December 2019. Archived from the original on 2020-04-23. Retrieved 2020-05-05.
  20. ^ "Japan Display OLED iPhone screens could still be two plus years away". 2 September 2019. Archived from the original on 2020-04-04. Retrieved 2020-05-05.
  21. ^ "Japan Display considers selling key plant to Apple and Sharp | the Japan Times". 27 December 2019. Archived from the original on 2019-12-27. Retrieved 2020-05-05.
  22. ^ "Japan Display in talks with Apple and Sharp to sell factory". Archived from the original on 2020-03-29. Retrieved 2020-05-05.
  23. ^ "Apple Supplier JDI Surges as CEO Reveals Mobile OLED Talks". Bloomberg. 16 July 2020. Retrieved 2020-07-31.
  24. ^ "LTPS explained". Archived from the original on 2014-03-28. Retrieved 2014-03-28.
  25. ^ "IPS-NEO explained". Archived from the original on 2014-03-28. Retrieved 2014-03-28.
  26. ^ "Pixel Eyes explained". Archived from the original on March 28, 2014. Retrieved 2014-03-28.
  27. ^ "JDI creates transparent fingerprint reader". GSMArena.com. January 23, 2018. Retrieved November 22, 2020.
  28. ^ "Combination of SRAM + TFT explained". Archived from the original on March 28, 2014. Retrieved March 28, 2014.
  29. ^ "Japan Display to Showcase 12.3-inch Transparent LCD Display at FINTECH JAPAN 2019 | CdrInfo.com". www.cdrinfo.com. Retrieved November 22, 2020.
[edit]
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