Smart machine touch panel demand Q2 slash, Nissha chop financial test; Share price plummeted

The global touch panel manufacturer, Japan Photo Printing, issued a press release after the Japanese stock market on the 10th. As the demand for touch panels for smartphones is expected to decrease rapidly in Q2 (April-June), the plant production rate is low. This year (January-December 2018) consolidated revenue targets have been revised downwards from JPY27 billion to JPY217 billion from the original forecast of JPY27 billion. Consolidated operating profit targets have been revised downwards from JPY15 billion to JPY10.2 billion. It has also been revised down to 7 billion yen from the previously estimated 11 billion yen.

Nissha revised this year's component division (touch panel division) from its previous forecast of JPY140.6 billion to JPY131.8 billion.

Apple announced on March 8 the latest list of the world’s top 200 suppliers, including Nissha.

Nissha also announced its earnings for the previous quarter (January to March 1818): Consolidated revenue increased by 6.9% from the same period last year to 36,314 million yen, and the combined loss amounted to 1,829 million yen (compared with 2,273 million yen in the same period of last year). The loss was 3.612 billion yen (net loss of 4.053 billion yen in the same period of last year).

In the previous quarter, Nissha's module division's revenue increased by 13.0% from the same period last year to 15.587 billion yen, with a loss of 1.259 billion yen (compared to an impairment loss of 788 million yen in the same period of last year).

According to the offer of the Harvest XQ global winner system, Nissha plunged 6.80% to 2,576 yen as of 9:00 am on Taipei time on the 11th, and fell slightly to 2,390 yen (down 13.5%) earlier. It was a year (2017). Since the 18th) new low level.