We wish to express our deepest gratitude and appreciation for your support of Japan Display Inc.
Established on April 1, 2012, JDI was listed in the first section of the Tokyo Stock Exchange in March 2014. The reformation of our management structure in June 2015 marked the company's transition to the next phase. JDI develops, manufactures and delivers "displays" to the global market that are essential in creating an interface capable of transmitting large amounts of information instantaneously and linking people to the world at large.
While displays for mobile products currently represent more than 80% of JDI's sales volume structure, we are currently also strengthening our automotive in-vehicle display business as our second core business, a field that is showing remarkable market growth. Furthermore, with the aim of establishing our third core business, April 2016 saw the inauguration of our Display Solutions Business Unit, which is opening up new business frontiers, such as: high-definition, low power consumption displays for devices such as 2-in-1 notebook PCs and tablets, reflective displays, displays for high-definition medical devices, and displays for the virtual reality (VR) market. We will increase JDI's business ratio in these non-mobile fields to 50%.
Moreover, in addition to high added-value liquid crystal displays (i.e., high-definition, slim, and narrow frame displays with high-sensitivity in-cell touch sensors) in mobile fields, we are now in the process of establishing flexible OLED mass production technologies with the aim of realizing mass production in 2018. It is anticipated that bendable displays will lead to major changes in the design of many devices, such as smartphones.
Conversely, the production of our products involves enormous inputs of energy and resources and outputs of waste. The Hakusan Plant (Ishikawa Prefecture), which will be a state-of-the-art production line, is scheduled to begin operating in 2016 to increase our production capacity for the mobile category, which continues to grow. Seeing as how our company is one that involves a particularly large environmental burden, we consider it our responsibility to continuously strive to reduce this environmental burden at the production stage. As such, we have set forth an Environmental Policy and promote activities for this sake.
To meet the needs of markets that are constantly changing with dizzying speed, JDI will leverage its advanced technological capabilities, cost-competitiveness, production capacity and product quality and contribute to the realization of a prosperous society by delivering beauty and excitement to the world's people through our leading-edge technology.
We will contribute to the creation of a new society by delivering on our corporate slogan of "Exciting Live Interface." At the same time, we will build consideration for the environment into our product development process, and will strive to create innovative products that strike a balance between value and the environment.
Thank you for your continued encouragement and support.