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Japan-Update

Japan Display looks to trim restructuring costs

But LCD producer appears headed for fourth straight annual net loss

LCD maker Japan Display expects to save on restructuring costs.

TOKYO -- Troubled LCD maker Japan Display may shave some of its massive restructuring costs expected for fiscal 2017, but analysts predict a deeper net loss for the company than in the prior year.

Japan Display in August projected incurring an extraordinary loss of 170 billion yen ($1.59 billion at current rates) for restructuring expenses during the year ending March 31. But Chief Financial Officer Takanobu Oshima says this spending may be 10 billion yen to 20 billion yen lower as the company benefits from its previous cost reductions in the panel business.

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