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ANNOUNCEMENT 31 Aug 2011
On August 31st, 2011, the Innovation Network Corporation of Japan (INCJ) announced that it would invest into a tripartisan-formed company (Sony, Toshiba and Hitachi) called Japan Display Co., which will be operated by INCJ.
NUMBER OF INTERVENTIONS
1
SOURCE
INCJ (2011)株式会社ジャパンディスプレイ：「中小型ディスプレイ事業統合に関する基本合意書の締結」を決定 Japan Display Co., Ltd .: Decides "Conclusion of Basic Agreement on Small and Medium Display Business Integration"
Available at:
https://www.incj.co.jp/newsroom/2011/20110831.html
Capital injection and equity stakes (including bailouts)
On August 31st, 2011, the Innovation Network Corporation of Japan (INCJ) announced that it would invest 200 billion yen (2.6 billion USD) into a tripartisan-formed company (Sony, Toshiba and Hitachi) called Japan Display Co., which will be operated by INCJ. The newly-formed INCJ-operated company will focus on the production and sales of high definition displays (TVs, phones, tablets etc). The company will also focus on the acquisition of competitors.
About the Innovation Network Corporation of Japan (INCJ)
In 2009, INCJ was created as a public-private investment fund to financially support industries "next-generation businesses". INCJ supports projects that "combine technologies and varied expertise across industries and materialize open innovation.". According to the INCJ website, the fund has an investment capacity of up to USD 20 billion. Although characterized as a public-private partnership, in fact only 0.1 billion of the 2.6 billion USD invested in the fund was provided by the private sector. The rest came from the Japanese government. Of the 0.1 billion USD said to be contributed by the private sector, 13.6 million USD was in fact provided by the Development Bank of Japan, a state-owned bank.