Official announcement! JDI LCD panel factory buyer confirmed

On March 31, JDI announced that it had signed a final transfer contract with Yawata Toei Real Estate Co., Ltd. for its Tottori factory, and the asset delivery is scheduled to be completed on September 30, 2026.

In addition, business activities such as development and design related to in-vehicle displays that are currently carried out at the Tottori Factory will be continued at a new base in Tottori City.

JDI stated that the company has ended liquid crystal (LCD) panel production at the Tottori plant in March 2025, and the plant has since been used as an operating base for automotive display-related businesses. Taking into account the progress of subsequent structural reforms and from the perspective of maintaining appropriate asset efficiency commensurate with the business scale, the company has discussed the utilization of the plant and has reached an agreement with Yawata Toei Real Estate Co., Ltd. to transfer the plant. The specific price of the transaction was not disclosed at the request of the buyer. The market price of the factory is estimated to be 530 million yen (approximately RMB 23 million).

Looking forward, JDI expects to include the difference between the transfer price of the Tottori Plant and the book value at the time of delivery in special profits and losses in the March 2027 period. The impact of this transfer on JDI's consolidated performance is expected to be minor.

The latest financial report data shows that from April 1 to December 31, 2025, JDI achieved sales of 97.276 billion yen (approximately RMB 4.201 billion), a year-on-year decrease of 32.2%; operating profit was -18.730 billion yen (approximately RMB -809 million); net profit was -1.453 billion yen (approximately RMB -628 million).