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Japan Display faces rocky road even with new turnaround plan

Would-be rescuer INCJ may have erred in strategy for the ailing company

Japan Display Chairman and CEO Nobuhiro Higashiiriki during the earnings briefing on Wednesday.

TOKYO -- Although Japan Display announced a bold turnaround plan on Wednesday, it is unclear whether it can break into the market for cutting-edge OLED panels or if it will require further financial assistance from its top shareholder, the Innovation Network Corp. of Japan.

"This is our last chance," the liquid crystal display panel maker's chairman and CEO, Nobuhiro Higashiiriki, told a news conference here. "We will completely overhaul our earnings structure by the end of this fiscal year."

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