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% by 2021 to build an even more stable revenue base.
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.
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.
To realize these goals, we will enhance our business speed and precision, tackle the challenges of achieving unending innovation, and make untiring efforts to realize the enhancement of JDI's corporate values and achievement of JDI's sustainable growth.
Thank you for your continued encouragement and support.
Chairman and CEO
President and COO