Japan Display

Japan Display Inc.
株式会社ジャパンディスプレイ
Company type	K.K
Industry	Electronics
Founded	1 April, 2012
Headquarters	Minato, Tokyo, Japan
Area served	Worldwide
Products	Displays
Number of employees	About 6,200
Parent	70% INCJ; 10% Sony; 10% Hitachi; 10% Toshiba
Website	[1]

On November 15, 2011, Sony, Hitachi, and Toshiba agreed to the integration of their small and medium size liquid crystal display (LCD) panel businesses in conjunction with the Innovation Network Corporation of Japan (INCJ).^[1] The merged businesses will be known as Japan Display. INCJ will be the largest shareholder of Japan Display Inc., with 70% stake in exchange for a $2.6 billion investment. That leaves Toshiba, Hitachi and Sony with a 10% share each, the stakes originating from their respective small and medium-sized display subsidiaries. The new entity is expected to start operating in the spring of 2012 and expected to be the world's largest LCD maker.^[2]

Panasonic has also announced in a separate deal that it has agreed to sell a LCD panel factory to Japan Display. That plant, which is located in Mobara, currently turns out 600,000 LCD TVs a month. Japan Display is expected to take over it in April next year. The factory sale will be completed in April 2012.^[3]

References

[1] "Japan Display, Inc.: Sony, Toshiba, Hitachi Finalize Deal To Merge Display Units".

[2] "Japanese LCD Makers Team Up to Challenge Koreans".

[3] "Panasonic to Sell TV Panel Factory to New Japan Display Venture".

[1]

[2]

[3]

See also

References