Mitsui Chemicals announced that it will acquire JSR. The total consideration is approximately ¥1.84 trillion, and the two companies aim to integrate their semiconductor materials businesses and become a leading domestic player.
Mitsui Chemicals will acquire JSR and make it a consolidated subsidiary by integrating semiconductor materials such as photoresists. The total acquisition consideration is estimated at ¥1.84 trillion, and Mitsui Chemicals will acquire JSR's common shares together with the Development Bank of Japan.
After the acquisition, the companies will use product groups for front-end and back-end processes, including Mitsui Pericle and Icross Tape, together with JSR's advanced photoresists and thick-film resists to develop new products.
Through growth and cost synergies, the companies aim to generate incremental annual profit of approximately ¥40 billion by fiscal 2035. The transaction is also expected to drive further restructuring and partnerships in the semiconductor sector.
The acquisition will be funded with a ¥1.64 trillion bridge loan and a ¥200 billion DBJ investment. Completion is targeted for the second half of fiscal 2027.