Japanese display panel maker Japan Display will receive up to 100 billion yen (US $ 886 million) in financial aid from Japan’s “Industrial Innovation Organization” ( “INCJ”), sources close to Bloomberg said. This “emergency relief” will infuse Japan Development into a new development resource.

The source said, Japan Display is trying to win INCJ injection. INCJ is funded by the Japanese government, a fund agency, is Japan Display’s largest shareholder. At present, the two sides tend to sell preferred stock to avoid dilution of common shareholders. The person also said, Japan Display plans to use this money to increase the on-board display panels and next-generation mobile phone screen research and development. 38634-5108

Currently, Japan Display is still one of the leading LCD screen suppliers for smartphones. However, due to global handset sales growth slowed down, as well as from South Korea and Chinese manufacturers competition, Japan Display has been a loss for two consecutive years, this year there is no signs of losses.

At the same time, Japan Display and rival Sharp need a lot of money to develop OLED panels, to win more iPhone and other mobile phone orders. It was reported that Apple will launch next year, a OLED screen iPhone, but the screen may be tense supply situation.

Currently, Japan Display about half of the revenue from Apple’s orders. As a result, the decline in iPhone sales before the impact of the Japan Display performance.

The source also said Japan Display and INCJ will announce the news this month as soon as possible. By then, Japan Display may also announce long-term development plan. In addition, the company is also considering issuing subordinated debt. uevm4460g-02-01-00

Japan Display is the Japanese government led by Sony, Hitachi, Toshiba’s display sector in 2012 to set up the company, INCJ is currently the largest shareholder of Japan Display, the proportion of 35.58%.