Overview
Electric Appliances

Japan Display Inc.

Japan Display Inc. (JDI) is a display technology company engaged in the development, design, manufacture, and sale of displays and related products, primarily for automotive, smartwatch, and digital camera applications. Beyond its core display business, JDI is advancing next-generation technologies including eLEAP (next-generation OLED), HMO (High Mobility Oxide semiconductor), ZINNSIA touch sensor technology, and advanced semiconductor packaging using glass substrates. The company pursues a 'BEYOND DISPLAY' strategy, expanding into sensor solutions and advanced semiconductor packaging to diversify its revenue base and improve profitability.

Market Cap
¥129B
US$825M
EV
¥160B
US$1.02B
Stock¥29▼-3.33%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
NM
LTM PBR
35.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+31.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
129BUS$825MMarket Cap51.0BUS$325M+ Debt20.6BUS$131M− Cash0.11BUS$0.72M− Inv. Sec.160BUS$1.02BEV
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Performance & Balance
Revenue 5Y (¥B)
296US$1.89B'22/3271US$1.73B'23/3239US$1.53B'24/3188US$1.20B'25/3132US$844M'26/3
EBITDA 5Y (¥B)
0.08US$0.50M'22/3-36.3-US$231M'23/3-28.2-US$180M'24/3-33.0-US$210M'25/3-14.8-US$94.2M'26/3
Net Income 5Y (¥B)
-8.10-US$51.6M'22/3-25.8-US$165M'23/3-44.3-US$283M'24/3-78.2-US$499M'25/3-19.8-US$126M'26/3
Capital Structure
93%
EquityD/E 14.09xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
52.3US$333M73.7US$470M'22/326.5US$169M'23/329.7US$189M33.5US$214M'24/324.2US$154M59.5US$379M'25/327.9US$178M65.0US$415M'26/3
Shareholders
Top 10 hold 82.9%
1
Ichigo Trust (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
78.19%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
2.11%
3
Nichia Corporation
0.90%
4
Nomura Securities Co., Ltd.
0.43%
5
BNY GCM CLIENT ACCOUNT JPRD AC ISG (FE-AC)
0.33%
6
Haneda Turtle Service Co., Ltd.
0.25%
7
Akio UCHIUMI
0.24%
8
Rakuten Securities, Inc. (Joint Account)
0.16%
9
BofA Securities Japan Co., Ltd.
0.16%
10
Japan Display Inc. Stock Ownership Association
0.14%
Management
5 officers
Toshihiro UEKI
Director, Chair of the Audit Committee
Apr 1981 Joined Dainippon Ink and Chemicals, Incorporated (currently DIC Corporation) Nov 1981 Joined IBM Japan, Ltd. Apr 1998 Same company, Display Business Unit, in charge of LCD development and manufacturing Jun 2000 Distinguished Engineer, IBM Corporation (U.S. headquarters) Apr 2001 Technical Executive, IBM Japan, Ltd. Aug 2004 Director in charge of R&D, NVTech Co., Ltd. Aug 2004 CTO, InfoVision Optoelectronics Co., Ltd. Mar 2007 Representative Director and President, Videocon Displays Research Co., Ltd. Apr 2010 Executive Officer and General Manager, Technology Development Division, V Technology Co., Ltd. Apr 2012 CTO, AvanStrate Inc. Oct 2012 Representative Director, President and CEO, AvanStrate Inc. Sep 2016 Representative Director, President and CEO, Nippon Denkai, Ltd. May 2019 Special Assignment, Office of the President, Japan Display Inc. Oct 2019 Executive Officer, COO and General Manager, Front-End Production Division, Japan Display Inc. Jun 2020 Executive Officer, Japan Display Inc. Aug 2020 Director, Japan Display Inc. (current) Jun 2021 Outside Director, JOLED Inc.
1956-03-01
Tamane KOSEKI
Director, Member of the Nomination Committee and Member of the Compensation Committee (Part-time)
Mar 1989 Graduated from Faculty of Economics, Hitotsubashi University; Bachelor of Economics Apr 1989 Joined Nippon Kogyo Bank, Ltd. (currently Mizuho Financial Group, Inc.) Mar 2003 Completed master's program, Graduate School of International Corporate Strategy, Hitotsubashi University (Management and Finance); Master of Management Mar 2004 Joined Bearing Point, Inc. (currently PwC Consulting LLC) Mar 2005 Completed master's program, Graduate School of International Corporate Strategy, Hitotsubashi University (Law and Public Policy); Master of Management Law Apr 2005 GCA Corporation Aug 2006 Representative Director, dimmi Inc. Feb 2012 Innovation Drive LLC Apr 2012 Specially Contracted Associate Professor, Faculty of International and General Studies, Yokohama City University Mar 2013 Completed doctoral program, Graduate School of Engineering, University of Tokyo (Advanced Interdisciplinary Engineering); Doctor of Engineering Dec 2013 Associate Professor for Industry-Academia Collaboration, Faculty of Engineering, Yamagata University Jan 2014 Director, Stem Cell Innovation Research Inc. Apr 2014 Visiting Associate Professor, Faculty of Engineering, Yamagata University May 2014 Director, Stem Cell & Device Laboratory Inc. Apr 2016 Associate Professor, Graduate School of Urban Innovation, Osaka City University Feb 2018 Advisor, Stem Cell & Device Laboratory Inc. (current) Apr 2018 Associate Professor, Graduate School of Urban Management and Faculty of Commerce, Osaka City University Aug 2020 Director, Japan Display Inc. (current) Apr 2022 Associate Professor, Graduate School of Urban Management, Osaka Metropolitan University Oct 2022 Outside Director, Decarbonization Support Organization Inc. (current) Apr 2024 Professor, Graduate School of Urban Management, Osaka Metropolitan University (current) Apr 2024 Visiting Professor, Yamagata University (current) Apr 2026 Professor, Graduate School of Management and Faculty of Commerce, Osaka Metropolitan University (current)
1965-10-30
Shiho ITO
Director, Member of the Nomination Committee and Member of the Compensation Committee, Member of the Audit Committee (Part-time)
Apr 1987 Joined Toyo Trust & Banking Co., Ltd. (currently Mitsubishi UFJ Trust and Banking Corporation) Oct 1991 Joined Chuo Shinkou Audit Corporation (later Misuzu Audit Corporation) Jul 2005 Partner, Chuo Aoyama Audit Corporation (later Misuzu Audit Corporation) Aug 2007 Joined Shin Nihon & Co. (currently EY Shin Nihon LLC) Jun 2022 Director, Japan Display Inc. (current) Jul 2022 Opened Shiho Ito Certified Public Accountant Office Dec 2023 Supervisory Officer, Nomura Real Estate Private Investment Corporation (current) Jun 2024 Outside Director, Audit and Supervisory Committee Member, Inabata & Co., Ltd. (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, Japan Master Trust Bank, Ltd. (current)
1963-12-27
Scott CARON
Director, Chairman of the Board, Chairman of the Board of Directors, Chairman of the Nomination Committee, Chairman of the Compensation Committee
Apr 1988 MIPS Computer Systems, Inc. Sep 1991 Asia Pacific Research Center, Stanford University Mar 1994 Visiting Researcher, Equipment Investment Research Institute, Japan Development Bank Aug 1994 Bankers Trust Asia Securities Co., Ltd., Tokyo Branch Mar 1997 Morgan Stanley Securities Co., Ltd. Jun 2000 Japan Representative Office, Prudential plc; Representative in Japan May 2001 Representative Director, PCA Asset Management Co., Ltd. (subsidiary of Prudential plc) Apr 2002 Morgan Stanley Securities Co., Ltd. Jan 2003 Head of Equities Division, Morgan Stanley Securities Co., Ltd. May 2006 Representative Director and President, Ichigo Asset Management, Ltd. (current) Oct 2008 Representative Executive Officer and Chairman, Ichigo Inc. Nov 2008 Director, Chairman of the Board and Representative Executive Chairman, Ichigo Inc. (current) May 2012 Outside Corporate Auditor, Chiyoda Co., Ltd. May 2015 Outside Director, Chiyoda Co., Ltd. Jul 2017 Executive Chairman, Ichigo Investment Advisors Co., Ltd. Mar 2020 Representative Director, Chairman, Japan Display Inc. Jun 2020 Representative Director, Chairman and Chairman Executive Officer, Japan Display Inc. Jun 2020 Outside Director, Fujitsu Limited Aug 2020 Director and Representative Executive Chairman, Japan Display Inc. Jan 2021 Director and Representative Executive Chairman, CEO, Japan Display Inc. Jun 2025 Director and Chairman, Japan Display Inc. (current)
1964-12-06
Hiroaki KITAHARA
Director, Member of the Audit Committee (Part-time)
Apr 1978 Joined NEC Anelva Corporation (currently Canon Anelva Corporation); in charge of sputtering equipment for semiconductor manufacturing Oct 1988 Joined IBM Japan, Ltd. (Yamato Research Laboratory); in charge of TFT-LCD R&D and manufacturing line startup Jan 1994 IBM Japan, Ltd. (Yasu Site); in charge of TFT-LCD production technology and next-generation line startup Apr 1999 Vice Chair, SEMI-PCS Phase-4 Committee Apr 2004 Member, Display Device Industry Policy Committee, JEITA Dec 2006 Representative Director and President, Tech and Biz Co., Ltd. (current) Jan 2007 Editorial Committee Member, Nikkei Microdevices May 2023 Representative Managing Member, FPD Forum (current) Apr 2024 Member, Display and Solid-State Lighting Research Committee, Optoelectronic Industry and Technology Development Association (OITDA) (current)
1952-11-19
Large Shareholding Reports
Ichigo Asset Management International, Pte. Ltd.
2026-10-05
87.58%→87.39%
Ichigo Asset Management International, Pte. Ltd.
2026-07-15
88.99%→87.99%
Ichigo Asset Management International, Pte. Ltd.
2026-06-26
89.67%→88.99%
Ichigo Asset Management International, Pte. Ltd.
2026-06-15
90.70%→89.67%
Ichigo Asset Management International, Pte. Ltd.
2026-05-20
91.57%→90.70%
Ichigo Asset Management International, Pte. Ltd.
2025-08-01
91.57%→91.57%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Ichigo Asset Management International, Pte. Ltd.
2025-07-31
91.57%→91.57%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-05
Large Shareholding Report
TDnet
2026-08-10
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-15
Large Shareholding Report
EDINET
2026-06-26
Large Shareholding Report
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-15
Large Shareholding Report
EDINET
2026-05-20
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-08-01
Change Report
EDINET
2025-07-31
Large Shareholding Report
EDINET
2025-06-26
Securities Registration Statement
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-24
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-27
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
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