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
- Overstatement started shortly after former CEO
Mitsuru Hommatook 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
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Japan Display to ...