TOKYO, Mar 31 (Pulse News Wire) – Japan Display Inc. (6740.T) announced today that it has finalized the sale of its Tottori Factory to Hachiman Touei Estate Co., Ltd., with the property handover scheduled for September 30, 2026.
The transaction includes land, buildings, and associated facilities located in Tottori City, Tottori Prefecture. The decision follows previous efforts to enhance competitiveness and profitability, which led to the cessation of panel production at the factory in March 2025. Post-production activities focused on automotive display-related operations continued until now. Due to ongoing structural reforms, the company concluded that transferring the facility would optimize asset efficiency relative to its operational scope. Details of the transferred assets remain undisclosed due to confidentiality agreements but are said to reflect fair market value.
The book value of the assets as of February 2026 was reported. The buyer, Hachiman Touei Estate Co., Ltd., operates primarily in real estate leasing and related services, with a capital of ¥20 million. The company expects to recognize the difference between the transfer price and the book value at the time of handover as extraordinary income in the fiscal year ending March 2027. Japan Display anticipates minimal impact on consolidated performance from this transaction. Any significant developments will be promptly disclosed.
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