Japan Display Inc. can blame industry and geopolitical headwinds if it likes. They’re certainly the excuses du jour for the tech industry’s woes.

From expecting a 10 percent rise in revenue as well as operating profit of around 12 billion yen ($110 million), the Tokyo-based supplier of screens used in smartphones, tablets and cars now expects full-year sales to drop 10 percent and an operating loss of more than 20 billion yen. It all came down to the three months ended Dec. 31, JDI said Thursday afternoon.



The news follows a Jan. 22 Wall Street Journal report saying Taiwan’s TPK Holding Co. and Chinese state-owned Silk Road Fund were in talks to invest up to 60 billion yen in JDI for a stake of about 30 percent. Kyodo reported earlier this week that the investment could be as high as 80 billion yen for as much as a 50 percent stake.

These two developments are related. A bad year doesn’t always necessitate outside investment, but a net loss for the fiscal year ending March 31 would be JDI’s fifth unprofitable year in a row. Now the company has confirmed it’s seeking funding and partners:

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