In September Patently Apple posted a report titled "One of Apple's Top Display Suppliers is on the Ropes." We noted in the report that Japan Display was Apple's leading display supplier. When Apple notified all of the display suppliers that they were switching to OLED, it caught Japan Display off guard. They had committed to new LCD equipment to keep up with Apple's demands and now they were unable to secure new equipment and the Japanese government who was supporting them was was considering to divest because they were too dependent on Apple. A week later we reported on the rumor that Foxconn's Sharp wanted to tag-team with Japan Display in order to become a major Apple OLED supplier in quick order. With the situation becoming dire, the Japanese government is reconsidering a bailout for Japan Display.

It's being reported today by the Wall Street Journal that Japan Display Chief Executive Mitsuru Homma said Wednesday that the INCJ 'is considering financial support to help us grow,' again. INCJ is the Japanese government-backed fund known as 'Innovation Network Corp. of Japan (INCJ).'

Japan Display is projecting a small operating profit for their full fiscal year which ends in March due to Apple's iPhone 7 orders.

Japan Display wants to invest in OLED for the medium to long term while continuing to improve their LCD technology in the hopes of being able to compete against OLED in different markets.

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