Japan Display Inc.
Notice of Transfer of Tottori Plant
Japan Display Inc. will transfer the Tottori plant (Tottori City, Tottori Prefecture) to Yahata Toei Estate Co., Ltd. as of September 30, 2026, at a transfer price of 530 million JPY.
Key Figures
- Transfer Price: 530 million JPY (Fair value reflecting market price)
- Final Transfer Agreement Date: March 31, 2026
- Scheduled Property Handover Date: September 30, 2026
AI要約
Overview of the Transfer
Japan Display Inc. concluded the final agreement on March 31, 2026, to transfer the land, buildings, and ancillary equipment of its Tottori plant (Tottori City, Tottori Prefecture) to Yahata Toei Estate Co., Ltd. The transfer price is 530 million JPY, reflecting a fair value based on market prices. The Tottori plant ceased LCD panel production in March 2025 and currently continues development and design activities related to in-vehicle displays at a new location within Tottori City.
Future Outlook
Any gains or losses from the transfer are expected to be recorded as extraordinary income or loss for the fiscal year ending March 2027. The impact of the transfer on consolidated earnings is expected to be minor, and any matters requiring disclosure will be promptly communicated. Yahata Toei Estate Co., Ltd., the transferee, has no capital, personnel, or transactional relationships with Japan Display Inc. and is not a related party.
