Japan Display Inc. (JDI), a new company created by Sony, Toshiba and Hitachi, was officially started its business activities on April 1.

JDI aims to become a global leading company in the field of small- and medium-sized displays, with a focus on the global market for smartphones and tablets. The company was launched following investment by Innovation Network Corporation of Japan (INCJ), Sony, Toshiba and Hitachi, which facilitated the integration of their small- and medium-sized display businesses.

JDI plans to rapidly develop its business at a global level, operating as a new and independent entity with a flat and slim organizational structure.

JDI will combine and develop the LTPS, low power consumption and display technologies of its three predecessor companies. JDI will also invest in increasing its production capacity.

The company 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. JDI will also actively conduct research and development into next-generation panel technology such as OLED displays.

JDI has a capital of JYEN 230 billion (including legal capital surplus) and 6,200 employees. INCJ will hold a 70% stake of JDI and each of the rest cthree companies will hold a 10%.