The financing talks with three Chinese companies, driven by the ongoing restructuring of small and medium-sized LCD panel maker Nippon Display Company, have been stalled as the major customer, Apple ''s iPhone X, slumped in sales. JDI has shifted its policy to begin To comprehensively evaluate the plans for receiving funds from multiple investment funds To improve its financial position, JDI has been negotiating for a long time to accept funding from Chinese LCD panel maker BOE, For the first time in fiscal year 2017, a net loss of 4 consecutive years is almost a foregone conclusion and the company is aiming to achieve capital increase in the second quarter of 2018 (April to June).
Because the use of organic EL panel (OLED) iPhone X sluggish sales after the liquid crystal panel that has been expected to gradually fall into the forecast of organic EL fall, speculated that the future of the iPhone may also retain the LCD panel models equipped with the view to enhance. Had originally considered the use of JDI is being developed Chinese technology manufacturers to mass production of organic EL become more cautious.
However, the slowdown in the transition to organic EL will help ensure the current revenue for the JDI, which is the flagship liquid crystal business, which JDI originally expected raised over 200 billion yen through financing from Chinese manufacturers. However, Such as capital increase, the amount may be reduced to 50 billion to 1,00 billion yen or so.