Japan Display was established five years ago as a "Hinomaru liquid crystal manufacturer" that integrated Hitachi, Toshiba, and Sony's liquid crystal panel business, and it is the business pillar for smartphones, which accounts for 80% of sales came.

However, due to fierce competition with overseas manufacturers, we have been unable to raise profits steadily and our business performance has been poor. For this reason, Japan Display announced on 25th a policy to review the business structure that was biased towards smartphones and strengthen liquid crystal for automotive use.

Japan Display's Yoshiyuki Tsukasaki said at a press conference that "demand for cars will grow steadily with the tailwind of automobiles and other automotive markets."

On the Japan Display, we aim to increase sales for automobiles to 201 billion yen, 1.6 times the previous fiscal year to 201 billion in fiscal 1999, and reviewing the business structure will lead to departure from poor performance Will be noticed.