Apple offers Japan Display more support with shorter payment periods: source

TOKYO: Apple Inc will further help out Japan Display Inc by shortening payment periods, a source familiar with the matter said, as the panel supplier seeks to stabilise its finances.

CEO Minoru Kikuoka, who took the helm in September, told reporters on Wednesday that concerns about an immediate cash shortfall had been allayed but did not mention Apple by name.

The support, which also includes agreements from other business partners to ease payment conditions, would improve its short-term financing situation by as much as 40 billion yen ($370 million), he added.