Japan Display : Upward Revision of Earnings Forecast
October 26, 2021 at 02:06 am EDT
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[Provisional Translation Only]
This English translation of the original Japanese document is provided solely for information purposes. Should there be any discrepancies between this translation and the Japanese original, the latter shall prevail.
October 26, 2021
Japan Display Inc. (Tokyo Stock Exchange First Section, 6740)
Representative: Scott Callon, Chairman & CEO
Inquiries: Akihito Okochi, CFO
Telephone: +81-3-6732-8100
www.j-display.com/english
Upward Revision of Earnings Forecast
Japan Display Inc. (JDI) is revising up its FY22/3 H1 sales and operating income forecast announced on August 5, 2021.
1. FY22/3 H1 Forecast Revision
FY22/3 Q2
(Jul 1, 2021 to Sep 30, 2021)
Sales
Operating
Income (Loss)
(JPY million)
(JPY million)
Previous Forecast (A)
68,000
(8,000)
Revised Forecast (B)
70,000
(2,000)
Change (B-A)
+2,000
+6,000
% Change
+2.9%
-
(Reference) FY21/3 Q2
111,796
(2,872)
FY22/3 H1
(Apr 1, 2021 to Sep 30, 2021)
Sales Operating Income (Loss)
(JPY million) (JPY million)
133,961 (13,872)
135,961 (7,872)
+2,000 +6,000
+1.5%-
199,795 (9,879)
(Note) JDI disclosed FY22/3 H1 forecasts in August just for Sales and Operating Income.
(Reference) FY22/3 H1 Forecast Excluding Impact of Semiconductor Chip Shortage
FY22/3 Q2
(Jul 1, 2021 to Sep 30, 2021)
Sales
Operating
Income (Loss)
(JPY million)
(JPY million)
Previous Forecast
75,000
(5,100)
Revised Forecast
78,000
1,300
Change (B-A)
+3,000
+6,400
% Change
+4.0%
-
FY22/3 H1
(Apr 1, 2021 to Sep 30, 2021)
Sales Operating Income (Loss)
(JPY million) (JPY million)
149,800 (7,900)
152,800 (1,500)
+3,000 +6,400
+2.0%-
(Note) JDI disclosed the above Previous Forecast on p. 14 of the "FY22/3 Q1 Corporate Presentation" on August 5, 2021.
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2. Reason for Upward Revision
In view of the ongoing tight global supply of semiconductor chips, JDI announced a FY22/3 H1 forecast in August that conservatively factored in the potential impact of the chip shortage on production and customer orders and the possibility of increased costs for parts and materials. JDI is now revising up this forecast due to increased sales on strong customer demand, agreements with customers to pass through higher parts and materials costs into higher JDI selling prices, and above-forecast JDI cost reductions.
JDI will announce its FY22/3 H1 earnings on November 12, 2021.
Forward-looking information such as the above earnings forecast is based on information available to JDI at the time the document was prepared and management's reasonable assumptions. This information is necessarily subject to a number of factors that may cause actual results to differ materially from this forecast.
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Japan Display Inc. published this content on 26 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2021 06:05:02 UTC.
Japan Display Inc. is engaged in the development, design, manufacture and sale of small and medium-size displays and related products. Its display is the electronic component that displays images such as characters, photographs, moving images as an output device of electronic device. The Company's small and medium-sized displays are mainly mounted on smart phones, tablet terminals, car-mounted equipment, medical equipment, wearable devices, digital cameras, among others. The Company operates through the Small and Medium Size Display business.
JAPAN DISPLAY INC. 
