FY26/3 Earnings

May 14, 2026

Inquiries: Ken Hirabayashi, CFO

Telephone: +81-3-6732-8100 https://www.j-display.com/en/ Annual General Meeting of Shareholders: June 24, 2026 (Scheduled) Filing of FY26/3 Securities Report: June 23, 2026 (Scheduled) Supplemental Explanatory Materials for Earnings Results: Available Earnings Results Briefing: May 14, 2026

(for institutional investors and analysts - Japanese only)

1. FY26/3 Consolidated Financial Results (April 1, 2025 to March 31, 2026)

   1. Consolidated Financial Results

      	Sales (JPY M) YoY		EBITDA (JPY M) YoY		Operating Profit (JPY M) YoY		Recurring Profit (JPY M) YoY		Net Income (JPY M) YoY
      FY26/3	132,328	-29.6%	-14,820	-	-18,692	-	-30,462	-	-19,810	-
      FY25/3	188,012	-21.4%	-33,048	-	-37,068	-	-40,415	-	-78,220	-

      EBITDA = Operating Profit + Depreciation

      (Reference) Comprehensive Income FY26/3: JPY -14,168 M FY25/3: JPY -78,771M

      	EPS (Basic, JPY)	EPS (Diluted, JPY)	Return on Equity	Return on Assets (Recurring Profit)	Operating Profit Margin
      FY26/3	-3.20	-	-	-22.4%	-14.1%
      FY25/3	-12.64	-	-169.9%	-21.7%	-19.7%

   2. Consolidated Financial Position

      	Total Assets (JPY M)	Net Assets (JPY M)	Shareholders' Equity Ratio	Net Assets per Share (JPY)
      FY26/3	124,248	-7,412	-6.1%	-10.17
      FY25/3	148,031	6,890	4.5%	-7.88

      (Reference) Shareholders' Equity FY26/3: JPY -7,518M FY25/3: JPY 6,649M

   3. Consolidated Cash Flows

   	Cash Flows from Operations (JPY M)	Cash Flows from Investments (JPY M)	Cash Flows from Financing (JPY M)	Cash and Cash Equivalents at Period-End (JPY M)
   FY26/3	-23,197	22,762	5,050	27,186
   FY25/3	-25,450	-8,161	25,693	20,432

2. Dividends

   	Dividend per Share (JPY)					Total Dividend (JPY)	Payout Ratio	Dividend on Equity (DOE)
   	Q1	Q2	Q3	Q4	Total
   FY25/3	-	0.00	-	0.00	0.00	-	-	-
   FY26/3	-	0.00	-	0.00	0.00	-	-	-
   FY27/3 (Forecast)	-	0.00	-	0.00	0.00		-

   Note The above shows dividends for common shares. For preferred shares, please see "4. Other Information (4) Dividends for Preferred Shares" below.

3. FY27/3 Consolidated Earnings Forecast

   JDI is currently taking a number of actions to grow its earnings and strengthen its financial position. As the timing and specific details of these actions are anticipated to significantly influence this year's performance, JDI is not disclosing an FY27/3 consolidated earnings forecast at this time. JDI will promptly disclose the forecast as soon as the outcomes from these actions become disclosable.

   For more information, please see "5. Earnings Outlook" on page 3.

4. Other Information

   1. Significant changes in the scope of consolidation during the period: None

      • Newly included: None

      • Excluded: None

   2. Changes in accounting policies, changes in accounting estimates, and restatements

      1. Accounting policy changes based on amendments to accounting standards: None

      2. Accounting policy changes other than (i) above: None

      3. Accounting estimate changes: Yes

      4. Restatements: None

   3. Number of shares outstanding

      1. Number of shares outstanding (including treasury shares) at period-end FY26/3: 3,880,393,562

         FY25/3: 3,880,393,562

      2. Number of treasury shares at period-end FY26/3: 67

         FY25/3: 67

      3. Average number of shares outstanding (excluding treasury shares) during the period FY26/3: 6,188,721,284

      FY25/3: 6,188,721,284

      Note All preferred shares have the same rights as common shares with regard to rights to receive dividends, and are therefore included in the number of shares outstanding.

   4. Dividends for Preferred Shares

      Class E Preferred Shares	Dividend per Share (JPY)
      	Q1	Q2	Q3	Q4	Total
      FY25/3	-	0.00	-	0.00	0.00
      FY26/3	-	0.00	-	0.00	0.00
      FY27/3 (Forecast)	-	0.00	-	0.00	0.00

   5. Note on Appropriate Use of Forecasts

   Forward-looking statements contained in these materials are based on judgements regarding information available to JDI as of the announcement date. However, these statements involve risk and uncertainties, and actual earnings may differ significantly from the indicated forecasts.

   [Reference] FY26/3 Non-Consolidated Financial Results (April 1, 2025 to March 31, 2026)

   1. Non-Consolidated Financial Results

      	Sales (JPY M) YoY		Operating Profit (JPY M) YoY		Recurring Profit (JPY M) YoY		Net Income (JPY M) YoY		EPS （JPY）
      FY26/3	114,980	-33.6%	-21,534	-	-20,055	-	-7,806	-	-1.26
      FY25/3	173,226	-22.1%	-41,361	-	-44,826	-	-82,016	-	-13.25

   2. Non-Consolidated Financial Position

   	Total Assets (JPY M)	Net Assets (JPY M)	Shareholders' Equity Ratio	Net Assets per Share (JPY)
   FY26/3	92,706	-45,983	-49.7%	-16.40
   FY25/3	114,332	-38,042	-33.5%	-15.14

   (Reference) Shareholders' Equity FY26/3: JPY -46,089M FY25/3: JPY -38,283M

5. Earnings Outlook

   As of the end of FY26/3, JDI had a negative net equity position. Returning to positive equity is thus JDI's highest priority.

   To address this, JDI is negotiating with multiple potential buyers with respect to the sale of JDI's Mobara Fab and will continue to work to complete the sale. In addition, JDI raised c. JPY 9.6 billion through a partial exercise of JDI warrants (the 14th Stock Acquisition Rights) by Ichigo Trust on May 13, 2026. To further strengthen JDI's financial position, JDI is considering requesting Ichigo Trust to proceed with further warrant exercises.

   As a result of the structural reforms implemented during FY26/3, JDI has strengthened its earnings structure, which is expected to contribute to stabilizing JDI's financial position and improving JDI's financial performance going forward.

   Because JDI's financial results may be significantly affected by asset sales and warrant exercises, as well as the possibility of the launch of JDI-operated advanced display manufacturing fabs in the United States, JDI is not disclosing an FY27/3 consolidated earnings forecast at this time. JDI will promptly disclose the forecast once more information becomes available.

6. Consolidated Financial Statements

1. Consolidated Balance Sheet (FY26/3)

   		(JPY million)
   FY25/3 (Mar 31, 2025)		FY26/3 (Mar 31, 2026)
   Assets
   Current Assets
   Cash and deposits	21,073	27,755
   Accounts receivable - trade	22,800	17,902
   Accounts receivable - other	7,379	4,407
   Finished products and goods	14,025	7,233
   Work in process	11,465	8,903
   Raw materials and supplies	18,584	11,330
   Other	4,916	3,703
   Allowance for doubtful accounts	-90	-196
   Total Current Assets	100,156	81,039
   Non-Current Assets
   Property, Plant, and Equipment
   Buildings and structures	95,968	96,084
   Depreciation	-65,477	-67,552
   Buildings and structures, net	30,491	28,532
   Machinery, equipment, and vehicles	209,565	195,074
   Depreciation	-207,719	-194,222
   Machinery, equipment, and vehicles, net	1,845	852
   Land	6,509	6,509
   Lease assets	1,725	1,002
   Depreciation	-1,032	-718
   Lease assets, net	693	283
   Construction in progress	1,523	1,000
   Other	17,911	12,140
   Depreciation	-16,973	-11,545
   Other, net	938	594
   Total Property, Plant, and Equipment	42,001	37,772
   Intangible Assets
   Other	1,190	223
   Total Intangible Assets	1,190	223
   Investments and Other Assets
   Securities investments	3,110	113
   Defined benefit pension assets	-	4,655
   Deferred tax assets	525	168
   Other	1,048	276
   Allowance for doubtful accounts	-1	-1
   Total Investments and Other Assets	4,682	5,212
   Total Non-Current Assets	47,875	43,208
   Total Assets	148,031	124,248

   		(JPY million)
   	FY25/3 (Mar 31, 2025)	FY26/3 (Mar 31, 2026)
   Liabilities
   Current Liabilities
   Accounts payable	28,160	20,236
   Short-term loans payable	59,500	65,000
   Accounts payable - other	7,109	6,928
   Income tax payable	77	105
   EMS finished products and goods repurchase commitments	8,290	4,277
   Provision for bonuses	1,392	1,065
   Advances received	7,176	16,241
   Provision for business restructuring	3,451	7,360
   Provision for contract losses	3,273	2,263
   Other	6,416	4,383
   Total Current Liabilities	124,850	127,862
   Fixed Liabilities
   Long-term income tax payable	11	1
   Provision for business restructuring	10,351	958
   Defined benefit pension liability	2,244	146
   Deferred tax liabilities	1,436	1,454
   Other	2,247	1,237
   Total Fixed Liabilities	16,291	3,799
   Total Liabilities	141,141	131,661
   Net Assets
   Shareholders' Equity
   Capital	100	100
   Capital reserve	141,205	141,205
   Retained earnings	-144,664	-164,475
   Treasury shares	-0	-0
   Total Shareholders' Equity	-3,358	-23,169
   Accumulated Other Comprehensive Income
   Valuation difference on other securities	-	0
   Foreign currency translation adjustment	5,948	8,617
   Adjusted value of defined benefit pension	4,059	7,031
   Total Accumulated Other Comprehensive Income	10,008	15,650
   Stock Acquisition Rights	240	105
   Total Net Assets	6,890	-7,412
   Total Liabilities & Net Assets	148,031	124,248

2. Consolidated Income Statement (FY26/3)

   		(JPY million)
   FY25/3 (Apr 1, 2024 to Mar 31, 2025		FY26/3 (Apr 1, 2025 to Mar 31, 2026)
   Sales	188,012	132,328
   Cost of Goods Sold	197,663	129,762
   Gross Profit (Loss)	-9,651	2,566
   SG&A	27,416	21,259
   Operating Profit (Loss)	-37,068	-18,692
   Non-Operating Income
   Interest income	223	169
   Foreign exchange gains	1,027	-
   Business services income	-	251
   Rental income	191	179
   Recoveries of written down receivables	410	-
   Gain on sale of non-current assets	82	336
   Gain on sale of raw materials	125	432
   Other	678	344
   Total Non-Operating Income	2,738	1,714
   Non-Operating Expenses
   Interest expense	4,409	8,733
   Foreign exchange losses	-	35
   Decreased securities valuation (venture investment)	8	3,284
   Other	1,668	1,431
   Total Non-Operating Expenses	6,086	13,484
   Recurring Profit (Loss)	-40,415	-30,462
   Extraordinary Income
   Gain on sale of fixed assets	1,830	85
   Gain on sale of subsidiary shares	-	18,533
   Gain on termination of retirement benefit plan	-	2,752
   Gain on reversal of stock acquisition rights	-	234
   Other	-	1,779
   Total Extraordinary Income	1,830	23,386
   Extraordinary Losses
   Impairment loss	21,563	1,972
   Business restructuring expenses	16,693	9,423
   Other	219	55
   Total Extraordinary Losses	38,477	11,451
   Pre-Tax Income (Loss)	-77,062	-18,528
   Income Taxes	962	868
   Income Taxes - Deferred	195	414
   Total Income Taxes	1,158	1,282
   Pre-Minority Interest Net Income (Loss)	-78,220	-19,810
   Net Income (Loss)	-78,220	-19,810

   Consolidated Statement of Comprehensive Income (FY26/3)

   		(JPY million)
   FY25/3 (Apr 1, 2024 to Mar 31, 2025)		FY26/3 (Apr 1, 2025 to Mar 31, 2026)
   Net Income (Loss)	-78,220	-19,810
   Other Comprehensive Income
   Valuation difference on other securities	-1	0
   Foreign currency translation adjustment	-616	2,669
   Adjusted value of defined benefit pension, net of tax	67	2,972
   Total Other Comprehensive Income	-550	5,642
   Comprehensive Income	-78,771	-14,168
   of which, Comprehensive Income attributable to owners of the parent	-78,771	-14,168

3. Consolidated Statement of Changes in Shareholders' Equity FY25/3 (April 1, 2024 to March 31, 2025)

   (JPY million)

   	Shareholders' Equity
   	Capital	Capital Reserve	Retained Earnings	Treasury Shares	Total Shareholders' Equity
   Balance as of Apr 1, 2024	100	141,205	-66,443	-0	74,862
   Changes in the Current Period
   Net Income (Loss)			-78,220		-78,220
   Changes in Items Other than Shareholders' Equity
   Total Changes	-	-	-78,220	-	-78,220
   Balance as of Mar 31, 2025	100	141,205	-144,664	-0	-3,358

   	Other Comprehensive Income				Stock Option	Total Net Assets
   	Valuation Gain (Loss) on Other Securities	Foreign Currency Translation Adjustment	Valuation of Defined Benefit Plan	Total Other Comprehensive Income
   Balance as of Apr 1, 2024	1	6,564	3,992	10,558	240	85,661
   Changes in the Current Period
   Net Income (Loss)						-78,220
   Changes in Items other than Shareholders' Equity	-1	-616	67	-550	-	-550
   Total Changes	-1	-616	67	-550	-	-78,771
   Balance as of Mar 31, 2025	-	5,948	4,059	10,008	240	6,890

   FY26/3 (April 1, 2025 to March 31, 2026)

   (JPY million)

   	Shareholders' Equity
   	Capital	Capital Reserve	Retained Earnings	Treasury Shares	Total Shareholders' Equity
   Balance as of Apr 1, 2025	100	141,205	-144,664	-0	-3,358
   Changes in the Current Period
   Net Income (Loss)			-19,810		-19,810
   Changes in Items Other than Shareholders' Equity
   Total Changes	-	-	-19,810	-	-19,810
   Balance as of Mar 31, 2026	100	141,205	-164,475	-0	-23,169

   	Other Comprehensive Income				Stock Option	Total Net Assets
   	Valuation Gain (Loss) on Other Securities	Foreign Currency Translation Adjustment	Valuation of Defined Benefit Plan	Total Other Comprehensive Income
   Balance as of Apr 1, 2025	-	5,948	4,059	10,008	240	6,890
   Changes in the Current Period
   Net Income (Loss)						-19,810
   Changes in Items other than Shareholders' Equity	0	2,669	2,972	5,642	-134	5,507
   Total Changes	0	2,669	2,972	5,642	-134	-14,303
   Balance as of Mar 31, 2026	0	8,617	7,031	15,650	105	-7,412

4. Consolidated Cash Flow Statement (FY26/3)

   		(JPY million)
   FY25/3 (Apr 1, 2024 to Mar 31, 2025)		FY26/3 (Apr 1, 2025 to Mar 31, 2026)
   Cash Flows from Operations
   Pre-Tax Income (loss)	-77,062	-18,528
   Depreciation	4,069	3,914
   Impairment loss	21,563	1,972
   Change in allowance for doubtful accounts	-30	87
   Interest expense	4,409	8,733
   Foreign exchange valuation (negative = gain)	55	-773
   Sale of fixed assets (negative = gain)	-1,830	-85
   Change in trade receivables (negative = increase)	6,291	6,118
   Change in inventories (negative = increase)	16,292	17,335
   Change in trade payables	-17,883	-8,706
   Change in benefit pension asset	-	-4,003
   Change in benefit pension liability	-1,873	3,626
   Gain (loss) on valuation of investment securities	219	3,284
   Sale of subsidiary shares (negative = gain)	-	-18,533
   Gain on reversal of stock acquisition rights	-	-234
   Business restructuring expenses	16,693	9,423
   Gain on termination of retirement benefit plan	-	-2,752
   Change in advances received	4,091	5,119
   Change in other accounts receivable (negative = increase)	10,564	3,037
   Change in other accounts payable	-1,522	-2,625
   Change in accrued expenses	-789	-1,576
   Change in consumption tax refunds receivable (negative = increase)	1,224	1,438
   Other	-4,722	-9,065
   Subtotal	-20,238	-2,793
   Interest and dividends received	223	174
   Interest paid	-4,162	-8,354
   Additional retirement payments	-	-6,442
   Income taxes paid	-1,273	-209
   Business restructuring expenses paid	-	-5,570
   Net Cash from (Used for) Operations	-25,450	-23,197

   		(JPY million)
   	FY25/3 (Apr 1, 2024 to Mar 31, 2025)	FY26/3 (Apr 1, 2025 to Mar 31, 2026)
   Cash Flows from Investments
   Purchase of investment securities	-3,018	-40
   Purchase of fixed assets	-10,514	-1,194
   Proceeds from sale of fixed assets	5,946	90
   Advance proceeds from sale of fixed assets	-	3,816
   Change in time deposits	-27	71
   Proceeds from sale of subsidiaries shares	-	20,000
   Payments of leasehold and guarantee deposits	-22	-89
   Other	-525	107
   Net Cash from (Used for) Investments	-8,161	22,762
   Cash Flows from Financing
   Net change in short-term borrowings	26,000	5,500
   Repayments of lease obligations	-306	-549
   Proceeds from issuance of stock acquisition rights	-	100
   Net Cash from (Used for) Financing	25,693	5,050
   Effect of Exchange Rate change on Cash & Cash Equivalents	-374	2,137
   Net Change in Cash & Cash Equivalents	-8,292	6,753
   Cash & Cash Equivalents at Beginning of Period	28,725	20,432
   Cash & Cash Equivalents at End of Period	20,432	27,186

5. Significant Subsequent Events Exercise of Stock Acquisition Rights

Please refer to the May 13, 2026 release "Partial Exercise of 14th Stock Acquisition Rights (Warrants)."

Reduction of Capital and Capital Reserve, and Surplus Appropriation

Please refer to today's release "Capital Reduction and Surplus Appropriation."

1. Consolidated Earnings

   (JPY million)		FY25/3				FY26/3
   		Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
   	Consumer/Industrial	22,270	16,059	11,755	12,068	6,278	7,219	4,960	5,075
   	Automotive	33,646	30,936	28,790	32,483	26,164	26,768	25,885	29,976
   Sales1		55,917	46,996	40,546	44,552	32,443	33,987	30,846	35,051
   EBITDA2		-6,010	-7,436	-7,254	-12,347	-8,088	-4,272	-3,338	879
   Operating Profit		-7,043	-8,437	-8,253	-13,333	-9,154	-5,278	-4,297	37
   Recurring Profit		-7,855	-9,476	-8,715	-14,368	-11,986	-7,114	-5,929	-5,432
   Net Income		-6,504	-10,317	-31,948	-29,450	-20,256	8,893	-3,169	-5,277
   EPS (Basic)		-1.05	-1.67	-5.16	-4.76	-3.27	1.44	-0.51	-0.85
   USD/JPY (Avg)		155.9	149.7	152.4	152.6	144.6	147.5	154.1	157.0
   USD/JPY (Q-End)		161.1	142.7	158.2	149.5	144.8	148.9	156.6	159.9

   1 From FY26/3 Q1, JDI reclassified its sales categories by merging "Smartwatch/VR" and "LCD Smartphone" into "Consumer/Industrial," reflecting the LCD smartphone business downsizing. Figures for FY25/3 have also been reclassified accordingly for comparison purposes.

   2 EBITDA = Operating Profit + Depreciation

2. Financial Position

   (JPY million)	FY25/3				FY26/3
   	Q1	Q2	Q3	Q4	Q1	Q2	Q3	Q4
   Assets	212,016	197,152	176,456	148,031	141,390	149,426	138,560	124,248
   Liabilities	131,339	129,841	139,317	141,141	154,353	153,491	144,592	131,661
   Net Assets	80,677	67,310	37,139	6,890	-12,962	-4,065	-6,031	-7,412
   Shareholder Equity Ratio	37.9%	34.0%	20.9%	4.5%	-9.3%	-2.8%	-4.4%	-6.1%
   Operating CF	-116	-16,428	-2,753	-6,151	-9,982	-2,818	-6,399	-4,057
   Investing CF	3,396	-1,235	-6,567	-3,754	11,792	10,385	474	109
   Financing CF	-148	10,445	7,960	7,437	5,448	-73	-300	-23
   Ending Cash Bal.	33,258	23,682	23,753	20,432	27,654	35,720	30,888	27,186
   Free Cash Flow	-1,987	-17,775	-6,229	-9,973	-10,097	-2,908	-6,617	-4,767

3. R&D & Depreciation