The rapidly growing smartphone and tablet computer market is changing the face of the Tokyo commute: Many now can be seen flicking their fingers across touch-screen panels while riding public transportation.

Japan's electronics manufacturers, many of whom are suffering from the strong yen and competition with other Asian rivals in the TV market, see a big opportunity in the exploding demand for small and midsize LCD panels in these mobile devices.

Some are concerned Japanese firms might end up going down the same path as the nation's once dominant semiconductor and TV makers, who have since been surpassed by their regional rivals.