0
Wireless

Japan Display drops dividend, downgrades outlook on sluggish smartphone market

Thursday 14 February 2019 | 14:08 CET | News
Japan Display (JDI) said it expects to report a loss for its fiscal year to March and will not pay a dividend, due to the slowdown in the smartphone market in the past quarter. Compared to its forecast in November for 5-15 percent annual sales growth and an operating margin of 1-2 percent, the display maker now expects revenues for the year down 10 percent and an operating loss of over JPY 20 billion. It will be "difficult" to achieve a net profit for the year, JDI said.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Apple / Japan Display
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Japan Display plans more cost-cutting, new management after FY loss

Published 15 May 2019 13:22 CET | World
Japan Display Inc reported a net loss of JPY 98.6 billion for its fiscal fourth quarter to March, hurt by an impairment charge of ...

Japan Display creates new flexible fingerprint sensor

Published 09 May 2019 17:04 CET | World
Japan Display created a capacitive-type flexible fingerprint sensor by integrating its capacitive-type glass-based fingerprint ...

Japan Display confirms new financing deal with TPK investor consortium

Published 12 Apr 2019 11:39 CET | World
Japan Display (JDI) has confirmed a new financing deal with Chinese and Taiwanese investors in order to improve its ...

Japan Display confirms plans to raise up to JPY 110 billion in fresh capital

Published 01 Apr 2019 08:42 CET | World
Japan Display announced plans to raise up to JPY 110 billion in new financing. In a statement responding to media reports, the ...

Smartphone shipments cap worst ever year with 5% fall in Q4 - IDC

Published 31 Jan 2019 10:00 CET | World
Smartphone vendors shipped a total of 375.4 million units worldwide in the fourth quarter of 2018, down 4.9 percent year on year ...

Taiwan's TPK, China Silk Road Fund in talks to take stake in JDI - report

Published 23 Jan 2019 10:36 CET | Japan
Japan Display is in advanced talks with Taiwan's TPK Holding Co and China's state-owned Silk Road Fund about an investment that ...

Japan Display plans new products for VR headset market

Published 10 May 2018 10:54 CET | World
Japan Display (JDI) announced plans to develop products for head-mounted devices for virtual reality applications. The ...

JDI to raise JPY 55 bln to invest in smartphone LCDs

Published 05 Apr 2018 14:28 CET | World
Japan Display (JDI) announced plans to raise JPY 55 billion (EUR 419 milion) in a share and asset sale to help boost its ...





Calendar   /   Industry Events

20 Aug Africa Peering and Interconnection Forum
21 Aug Ice Group Q2 results
21 Aug Spark FY results
21 Aug Analog Devices fiscal Q3
21 Aug Zayo fiscal Q4
21 Aug Vodafone Iceland Q2 2019
21 Aug FTTH India Congress 2019
21 Aug Profile: KPN NL Business
22 Aug China Telecom H1 2019
22 Aug VMware fiscal Q2
22 Aug Sunrise Q2 2019
22 Aug Vocus FY results
22 Aug Sky NZ FY results
23 Aug Mobilezone H1 2019
25 Aug VMworld 2019 US
26 Aug Amaysim FY results
26 Aug Chrous FY results
26 Aug Bezeq Q2 2019
27 Aug Partner Communications Q2 2019
27 Aug Ooma Q2 2019
27 Aug ZTE H1 results
27 Aug Hewlett Packard Enterprise fiscal Q3
27 Aug Aviat Networks fiscal Q4
27 Aug Tamedia H1 2019
27 Aug MNF Group FY results
27 Aug Connected Health Summit
::: More Calendar Items