Japan Display Inc. President and CEO Minoru Kikuoka said Thursday his company is expected to be profitable in the second half of the current business year, which runs through March, with its new OLED products projected to reach the market later this year.
Kikuoka, who was promoted from chief financial officer last month, said the company aims to return to the black following a restructuring of its workforce, through about 1,200 job cuts via a voluntary early retirement program conducted earlier this year.
"I have been more and more confident about the turnaround of our business in the second half of the current business year," he said in an interview.