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October 23, 2013

Japan Display Inc. Establishes a New Subsidiary in Taiwan
- Aiming for a further expansion of our presence in the growing Chinese market by offering a position to Mr. Jeff Hsu, an experienced industry expert -

TOKYO, October 23, 2013 - Japan Display Inc. ("JDI") announced today that it will establish a new subsidiary in Taiwan. The details are described below.

1. Background and purpose of the new Taiwan subsidiary

In the small- and medium-sized display industry, JDI has observed a rapidly growing market in China, and given this trend, JDI believes that it is important to increase its presence in this market. To this end, JDI has decided to offer a position to Mr. Ting-Chen "Jeff" Hsu, the former Vice President of Innolux Corporation, and establish a new subsidiary in Taiwan, the home ground of Mr. Hsu, in order to further our expansion efforts in the Chinese market. Mr. Hsu is an expert with extensive knowledge and experience in this market, and we are excited to fully leverage his management expertise. JDI believes that this is a landmark milestone that represents further strengthening of the relationship between Japan and Taiwan in the small- and medium-sized display industry.

The new company aims to expand our scope of business by offering semi-customized, middle-range displays, which are currently experiencing rapid growth in demand in China, in addition to the high-end displays that have been our main product category up to this time. In developing this product strategy, the new company will take full advantage of the JDI's advanced LTPS and in-cell touch panel technologies.

Going forward, the new company led by Mr. Hsu will be run mainly by local management from Taiwan and China. JDI believes that this structure will contribute to creating a business that is both agile and flexible qualities that we believe are essential for furthering our penetration efforts in the Chinese market. JDI also expects that the new company will contribute to a further strengthening of our relationships with existing customers as well as to an acceleration of the development of new market segments in China.

JDI believes that the foregoing activities by the new company will enable us to further expand the LTPS market, where JDI holds a leading position, and expand our business portfolio through which we hope to achieve further growth and stability of our business and to be the world's No.1 display manufacturer.

The new company is going to start its business by end of 2013.

2.Outline of the new company

  1. (1) Company Name:Taiwan Display Inc.
  2. (2) Representative Director:Ting-Chen Hsu
  3. (3) Business:The sale of small- and medium-sized LCD panels, etc.
  4. (4) Head Office Address:Taipei (*1)
  5. (5) Date of foundation:Middle of November, 2013 (Scheduled)
  6. (6) Capital:NT$ 30 million (Approximately ¥100 million)
  7. (7) Fiscal year end:March 31
  8. (8) Stake:100% owned by JDI

*1: At the time of establishment, the location of the head office will be the same as that of JDI Taiwan Inc. We plan to relocate to a new site in Taipei by the end of November 2013.

The information contained in this press release is accurate as of the date of issuance and is subject to change without notice. Information in this press release, other than statements of historical fact, constitutes forward-looking statements, which are based on available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements.

About JDI
Japan Display Inc. is one of the world's leading providers of small- and medium-sized display panels. JDI was formed in March 30 2012 by display manufacturing subsidiaries of Sony, Hitachi and Toshiba. Current shareholding of the company is approximately 70% by Industrial Network Corporation of Japan and approximately 10% each by the former parents of the subsidiaries. The company provides such advanced displays as high-definition, low-power-consumption and thin features for use in smartphones, tablet PCs, automotive devices, digital cameras, medical equipment and other electronic devices.

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