A contrast improving sheet includes a first optical functional element and a second optical functional element on the viewing side thereof. The first optical functional element has a plurality of protrusions, each having a pair of opposite total-reflection facets for totally reflecting image light rays substantially perpendicularly incident on the entrance surface and a flat facet extending between the front edges, on the side of the exit surface, of the pair of opposite total-reflection facets. Light absorbing layers are formed between the adjacent protrusions. The second optical functional element has a light path correcting layer for correcting light paths followed by the image light rays totally reflected by the total-reflection facets such that the image light rays are emitted through the exit surface substantially perpendicularly to the exit surface. The light path correcting layer has a plurality of alternately inclined planes inclined in opposite directions.