Mitsui Chemicals will acquire leading semiconductor materials company JSR from JSR's parent company, Japan Investment Corporation (JIC). The acquisition price is approximately ¥1.84 trillion including interest-bearing debt, and the Development Bank of Japan (DBJ) will also invest ¥200 billion. The company aims to complete the procedures in the second half of FY2027.
Mitsui Chemicals announced on the 9th that it would acquire leading semiconductor materials company JSR from JIC. The acquisition price is approximately ¥1.84 trillion including interest-bearing debt, and is expected to be the largest-ever M&A transaction in Japan's chemicals industry. DBJ will also invest ¥200 billion.
JSR has a world-leading market share in photoresist resin materials. Mitsui Chemicals aims to strengthen its semiconductor business, which it regards as a growth area, and expects synergies to generate an annual profit uplift of ¥40 billion by FY2035. Mitsui Chemicals will explain the objectives of the acquisition and other details at a press conference that afternoon.
Mitsui Chemicals estimates JSR's equity value at approximately ¥1.39 trillion and will also assume approximately ¥440 billion in interest-bearing debt. The procedures are being advanced with the aim of completion in the second half of FY2027.