Photo/IllutrationThe Mobara plant of Japan Display Inc. in Mobara, Chiba Prefecture, on April 14 (Hisashi Naito)

Japan Display Inc. (JDI) faces another financial crisis after it announced June 17 that Taiwan’s TPK Holding Co. has dropped out of a bailout plan to rescue the manufacturer of liquid crystal display panels.

TPK Holding, a leading electronics parts manufacturer in Taiwan, was one of three companies that had formed an alliance to rehabilitate JDI, a supplier for Apple Inc.

JDI in April announced that the alliance--two Taiwanese companies and one from China--planned to provide financial support of up to 80 billion yen ($737 million).

But TPK Holding informed JDI that it was withdrawing from the bailout plan.

And the other Taiwanese company, CGL Group, has yet to inform JDI on whether the investment fund is committed to the rescue plan, according to the JDI official.

If both Taiwanese companies drop out, JDI will lose 39.3 billion yen from the bailout package.

JDI will take countermeasures, such as asking the third bailout partner, Chinese investment firm Harvest Group, to increase its financial assistance from 40.7 billion yen to 41.8 billion yen.

For the remainder of 38.2 billion yen, JDI will seek 21.8 billion yen from Harvest or a new investor, while Oasis Management Co., a Hong Kong investment firm, is considering providing 16.4 billion yen, according to JDI.

Officials of Harvest or the new investor as well as Oasis are expected to take necessary procedures for each investment no later than June 27, according to JDI.

Other groups or companies at home and abroad have expressed interest in investing in JDI, company officials said.

JDI started operations in 2012 by combining the LCD businesses of Toshiba Corp., Sony Corp. and Hitachi Ltd.