According to the United States, "the Wall Street journal" reported on September 21st, the Japanese economy and Industry Minister Yoko Hiroshige said that the Japanese government will consider the sale of the loss of the intelligent mobile phone display manufacturer Japan Display holdings, unless the company can prove that he is not just a Apple Corp (Apple Inc. AAPL) suppliers.
The world cultivated Hong Cheng is a speech at Display Japan to its largest shareholder - a government background of Japan's Industrial Innovation Agency (INCJ) to seek further support. Display Japan is the biggest supplier of Apple's iPhone mobile phone screen, the last two fiscal year due to increased competition, the yen appreciation and iPhone sales slowdown and other reasons, there is a loss.
In 2012, with the government background of the INCJ through the merger of Hitachi, SONY and Toshiba Co's display business founded Display Japan. The company conducted an initial public offering (IPO) in 2014, but soon caught in trouble, the stock price has been at the IPO price of 900 yen (about 9 U.S. dollars) about 1/5 of the level of volatility. INCJ holds Display Japan 35.6% of the shares, is still its largest shareholder.
But Yoko Hiroshige said that the future of Display Japan has not made any decision. Display Japan spokesman said the company is working with INCJ to discuss the source of funding for future investment plans. The INCJ spokesman said, will continue as a major shareholder support Display Japan. INCJ independent operation under the supervision of economic and industrial province. Two speakers said the relevant matters have not yet made a specific decision.