Japan DisplayJapan Display Inc.6740東証プライム電気機器FY ending Mar 2026, consolidated, J-GAAP

Japan Display revenue and profit

It lost about ¥14 for every ¥100 of sales at the operating level. Revenue changed -29.6% from the prior year.

Five-year trend

Revenue¥132.3B
FY ending Mar 2022: ¥295.9B¥295.9BFY ending Mar 2023: ¥270.7B¥270.7BFY ending Mar 2024: ¥239.2B¥239.2BFY ending Mar 2025: ¥188B¥188BFY ending Mar 2026: ¥132.3B¥132.3BFY22FY23FY24FY25FY26
Operating income-¥18.7B
FY ending Mar 2022: -¥8.58B-¥8.58BFY ending Mar 2023: -¥44.4B-¥44.4BFY ending Mar 2024: -¥34.1B-¥34.1BFY ending Mar 2025: -¥37.1B-¥37.1BFY ending Mar 2026: -¥18.7B-¥18.7BFY22FY23FY24FY25FY26
Operating margin-14.1%
FY ending Mar 2022: -2.9%-2.9%FY ending Mar 2023: -16.4%-16.4%FY ending Mar 2024: -14.3%-14.3%FY ending Mar 2025: -19.7%-19.7%FY ending Mar 2026: -14.1%-14.1%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

ROA-14.6%
2022: -3.1%-3.1%2023: -10.7%-10.7%2024: -19.8%-19.8%2025: -42.1%-42.1%2026: -14.6%-14.6%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×-3.1%—×—
2023——×-10.7%—×—
2024——×-19.8%—×—
2025——×-42.1%—×—
2026——×-14.6%—×—

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue28.5%
2021: 20.0%20.0%2022: 21.0%21.0%2023: 21.2%21.2%2024: 29.0%29.0%2025: 22.3%22.3%2026: 28.5%28.5%212223242526
PPE ÷ total assets30.4%
2021: 30.4%30.4%2022: 24.1%24.1%2023: 25.8%25.8%2024: 30.9%30.9%2025: 28.4%28.4%2026: 30.4%30.4%212223242526
Goodwill ÷ parent equity—
2021: 1.9%1.9%2022: 0.7%0.7%2023: 0.2%0.2%212223242526
Goodwill balance—
2021: ¥550M¥550M2022: ¥412M¥412M2023: ¥275M¥275M212223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥7.04B
2021: ¥7.97B¥7.97B2022: ¥9.63B¥9.63B2023: ¥9.46B¥9.46B2024: ¥11.5B¥11.5B2025: ¥11.6B¥11.6B2026: ¥7.04B¥7.04B212223242526
R&D / revenue5.3%
2021: 2.3%2.3%2022: 3.3%3.3%2023: 3.5%3.5%2024: 4.8%4.8%2025: 6.2%6.2%2026: 5.3%5.3%212223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue295,946270,746239,153188,012132,328
Cost of revenue276,255285,934245,645197,663129,762
Gross profit19,691-15,188-6,492-9,6512,566
SG&A28,26829,19727,65327,41621,259
Operating income-8,576-44,386-34,145-37,068-18,692
Pretax income-5,812-21,893-43,793-77,062-18,528
Income tax2,1263,9255191,1581,282
Net income attributable to owners-8,096-25,818-44,313-78,220-19,810
Operating margin-2.9%-16.4%-14.3%-19.7%-14.1%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥50.9B¥25.8B¥28.7B¥20.4B¥27.2B
Total assets¥258.3B¥222.7B¥224B¥148B¥124.2B
Net assets¥72.8B¥124.4B¥85.7B¥6.89B-¥7.41B
Share capital¥100M¥100M¥100M¥100M¥100M
Property, plant and equipment¥62.2B¥57.4B¥69.3B¥42B¥37.8B
Intangible assets excluding goodwill¥1.43B¥1.12B¥1.41B¥1.19B¥223M
Goodwill¥412M¥275M———
Investment securities¥17M¥248M¥349M¥3.11B¥113M
Current assets¥186.5B¥150.9B¥152B¥100.2B¥81B
Current liabilities¥114.8B¥83.2B¥129.2B¥124.8B¥127.9B
Short-term borrowings——¥33.5B¥59.5B¥65B
Long-term borrowings¥53.7B————
Total liabilities¥185.5B¥98.3B¥138.3B¥141.1B¥131.7B
Equity attributable to owners of parent¥58.3B¥119.2B¥74.9B-¥3.36B-¥23.2B
Retained earnings¥3.69B-¥22.1B-¥66.4B-¥144.7B-¥164.5B
Treasury stock¥0¥0¥0¥0¥0

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第24期(2025/04/01-2026/03/31)

    ID S100YH912026-06-23Open
  • EDINET (FSA Japan)

    有価証券報告書-第23期(2024/04/01-2025/03/31)

    ID S100W0PD2025-06-20Open
  • EDINET (FSA Japan)

    有価証券報告書-第22期(2023/04/01-2024/03/31)

    ID S100TR162024-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第21期(2022/04/01-2023/03/31)

    ID S100R4XD2023-06-26Open
  • EDINET (FSA Japan)

    有価証券報告書-第20期(令和3年4月1日-令和4年3月31日)

    ID S100OHWL2022-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第19期(令和2年4月1日-令和3年3月31日)

    ID S100LRLK2021-06-28Open

Extracted from XBRL: 43 / Derived from other figures: 1

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