JDI May Have Overstated Inventory in Fiscal 2015-2016: Asahi

Jan. 9, 2020, 11:06 PM

Japan Display is suspected of inappropriately overstating a cumulative total of 10b yen in inventory, which may have inflated the company’s operating results and led to the postponement of loss, Asahi reports, citing unidentified people.

  • Overstatement started shortly after former CEO Mitsuru Homma took up his role in June 2015 and continued through fiscal 2016, before Japan Display got financial assistance
  • Asahi quotes unidentified person as saying Japan Display employees were under pressure from management at the time to meet quantitative targets
  • Call to Japan Display from Bloomberg News outside business hours went unanswered
  • Related Story: Japan Display to ...

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