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April 2, 2012

Japan Display Inc. announces start of business
Major new player to bring cutting-edge display technology to global market

TOKYO, April 2, 2012 – Japan Display Inc. ("JDI") today announced that its business activities began on April 1, as initially planned. JDI aims to become a global leading company in the field of small- and medium-sized displays, with a focus on the growing global market for smartphones and tablets. The company was launched following investment by Innovation Network Corporation of Japan ("INCJ"), Sony Corporation ("Sony"), Toshiba Corporation ("Toshiba") and Hitachi, Ltd. ("Hitachi"), which facilitated the integration of the small- and medium-sized display businesses of Sony, Toshiba and Hitachi.

Following the November 2011 announcement of the signing of definitive agreements regarding the integration, a special purpose company was established to conduct the groundwork necessary for achieving a "rocket start." JDI will rapidly develop its business at a global level, operating as a new and independent entity with a flat and slim organizational structure.

In a display market environment marked by rapid growth and ever intensifying competition, JDI will combine and develop the LTPS, low power consumption and display technologies of its three predecessor companies to create innovative products in anticipation of future needs, while responding rapidly to market demand for increasingly sophisticated high definition displays. JDI will also actively invest in increasing its production capacity to ensure that it is well positioned to fulfill customer requirements.

JDI will focus on small- and medium-sized displays for a range of applications from mobile devices and other consumer products to automotive electronics and industrial equipment. JDI aims to establish distribution companies in the U.S., Europe, South Korea, China and Taiwan, so that through close communication with customers it can provide products that will fully satisfy their needs. JDI will also actively conduct research and development into next-generation panel technology such as OLED displays.

Outline of JDI
Start of business April 1, 2012
CEO Shuichi Otsuka
Capital 230 billion yen (including legal capital surplus)
Shareholders
(voting rights)
INCJ (70%), Hitachi (10%), Sony (10%), Toshiba (10%)
Employees 6,200
Business Development, design, production and sale of small - and medium-sized display devices and related products
Mission statement At JDI our emphasis is on imagination and creativity.
We are defined by one aim:
to bring new value into the world
by providing people with a live interface that truly inspires.
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