Revenue reached 5.683 billion yuan, JDI announced its latest results

On May 14, JDI released its consolidated results for the March 2026 period (April 1, 2025 to March 31, 2026). During the reporting period, the company's sales were 132.328 billion yen (approximately RMB 5.683 billion), a year-on-year decrease of 29.6%; operating profit was -18.692 billion yen (approximately RMB 803 million); net profit was -19.810 billion yen (approximately RMB 851 million).

The main reason for the decrease in sales compared with the previous period was the withdrawal from the smartphone LCD panel business. In addition, the sales revenue of the automotive business that the company focuses on was 108.7 billion yen, a year-on-year decrease of 14%.

JDI said that as of the end of March 2026, the company's net assets were negative. To resolve this issue, JDI is negotiating with multiple potential buyers for the sale of its Mohara factory and will continue its efforts to complete the sale. At the same time, JDI partially exercised JDI warrants (the 14th new share subscription rights) through Ichigo Trust on May 13, 2026, raising approximately 9.6 billion yen. To further improve its financial position, JDI is considering requiring Ichigo Trust to continue to exercise its remaining warrants.

Due to the structural reforms implemented during the March 2026 period, JDI has strengthened its profit structure, which is expected to help stabilize the company's financial position and improve future financial performance.

Considering that the company's financial performance may be significantly affected by factors such as asset sales, exercise of warrants, and potential plans to operate advanced display panel manufacturing plants in the United States, JDI does not currently disclose consolidated performance forecasts for March 2027. JDI will announce relevant forecasts as soon as more information becomes available.

At a press conference, JDI President and CEO stated on the progress of the negotiations: "We have received inquiries from manufacturing companies, which initially exceeded our expectations, and negotiations are still continuing. We are continuing discussions while advancing due diligence (asset valuation)."

It is worth mentioning that JDI has been accelerating corporate restructuring in recent years. On March 31 this year, JDI sold the Tottori factory in Tottori Prefecture, Japan, for about 23 million yuan; the Mohara factory in Chiba Prefecture, Japan, once had a sixth-generation TFT-LCD and OLED dual production line, supplying panel products to Apple and other companies, and has been closed and discontinued in July 2025. (Compiled by TrendForce Display)

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