JDI > Message from the Management > Message from the CEO

Message from the CEO

On June 21, 2017 I was appointed Chief Executive Officer, Representative Director and Chairman of Japan Display Inc. Based on my experience in the display industry and many years of management of an overseas company I am fully committed to making every possible effort to develop the growth of JDI.

In fiscal year 2016, while the appreciation of the Japanese yen and changes to our company's product mix led to a fall in revenues relative to the previous year, the implementation of management reforms and reductions in fixed and operational costs enabled higher operating income. However, such factors as the recording of foreign exchange losses as a non-operating loss and the reversal of deferred tax assets unfortunately resulted in a loss attributable to owners of the parent.

In fiscal year 2017, sales of ultra-narrow bezel FULL ACTIVE™, JDI's new technology platform, to smartphone makers will get fully underway in the second half. However, JDI's overall sales in the first half are likely to be weak partly because this will be a transition period leading to the start-up of the new displays. Also, there are reports that this autumn the market will begin to see sales of powerful global brand smartphone model equipped with organic light-emitting diode (OLED) displays. As OLED display applications become more popular, this will undoubtedly have an impact on our sales of liquid crystal displays.

JDI understands that it needs to reform its business and cost structure in response to these changes in the market environment. In fiscal year 2017 we are accelerating our existing OLED development and expanding display applications in the automotive and other non-mobile business areas. We are also committed to making deep cuts in fixed costs in order to lower the break-even point.

As we focus on putting our strategic policies into effect in order to improve our near-term business financial results, I look forward to your continued support and patronage.

  • June 2017

    Nobuhiro Higashiiriki
    CEO, Representative Director and Chairman

Shuji Aruga: President and Representative Director, and Chief Operating Officer Nobuhiro Higashiiriki
CEO, Representative Director and Chairman

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