A head-mounted display system having a light source made up of a plurality of light-emitting diodes; a flat-panel display for producing an image on a flat-panel; a projecting mechanism having a cylindrical housing; and an eye-proximate optical system, wherein: the flat-panel display is secured within the housing so as to be inclined so that the normal direction to the flat-panel is not a pupillary axial direction; the light source is secured within the housing so that the direction of emission of the light that is emitted from each light-emitting diode is coincident with the pupillary axial direction and so that each light-emitting diode is at an equal distance from the flat panel; and a reflecting plate, for reflecting the light that is emitted from the light source, is formed so as to be at the inner peripheral face of the housing, placed between the light source and the flat-panel display.