The last two publicly traded panel makers outside of mainland China released their Q2 2026 earnings reports last week. Japan Display booked another loss and has negative stockholder equity but described its plan to regain compliance with the Tokyo Stock Exchange’s requirement for positive equity. Innolux booked an operating profit and an even larger net profit based on a tax refund.
Japan Display
Japan Display reported a net loss of JPY 3.5 billion ($22 million) on revenue of JPY 23.9 billion ($150 million). Revenues were down 33% QoQ and 33% YoY in US$ terms. The yen depreciated 2% QoQ and 9% YoY in Q2 2026. JDI's net loss compared with a Q1 2026 net loss of JPY 5.3 billion ($34 million) and with a Q2 2025 net loss of JPY 20.3 billion ($140 million).
