“Japan Display said it may issue an additional 18 million shares as over-allotment, bringing the total to 409 billion yen,” Knight reports. “The company was formed from the ailing display units of Hitachi Ltd, Sony Corp and Toshiba Corp in 2012. Its majority shareholder, the government-backed Innovation Network Corporation of Japan, has since engineered a turnaround.”
“Japan Display said on Friday that it expects operating profit to grow more than 17 times to 36.4 billion yen in the year ending March against sales of 623.4 billion yen,” Knight reports. “Net profit will expand more than nine times to 36.6 billion yen, while EBITDA, or earnings before interest, tax, depreciation and amortisation, will reach 370.17 yen per share, it said.”
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