A display medium includes: a pair of substrates that have light transmittance; electrode members that are respectively formed on the opposing surfaces of the substrates, have light transmittance, and are capable of carrying an electric current; a display member that is interposed between the electrode members and displays display information when the electric current is supplied; a terminal portion provided at one electrode member; a reinforcing portion that has electrical conductivity and is joined to the terminal portion; and a mounted electrode that has electrical conductivity and is joined to the terminal portion by a joining material that has, after curing, a cohesive force larger than that of the reinforcing portion. The area of a reinforcing joining region of the terminal portion to which the reinforcing portion is joined is smaller than the area of a mounted joining region of the terminal portion to which the joining material is joined.