Japan's Mitsui Chemicals announced on November 9 that it will acquire semiconductor materials company JSR.
According to the Nihon Keizai Shimbun (Nikkei), Mitsui Chemicals plans to acquire JSR shares with the help of the Development Bank of Japan (DBJ) and the government fund, the Japan Investment Corporation (JIC).
The acquisition cost is set at 1.39 trillion yen (approximately $11.9 billion), with DBJ contributing 200 billion yen (about $1.7 billion) directly. The total acquisition value, including debt and interest, amounts to 1.84 trillion yen (around $15.7 billion).
Mitsui Chemicals stated that it aims to complete the acquisition by the second half of the 2027 fiscal year.
This is reported to be the largest merger and acquisition (M&A) in Japan's chemical industry.
JSR is a global leader in photoresist materials used in semiconductor manufacturing. In 2024, JIC acquired the company for approximately 1 trillion yen (about $8.5 billion) and subsequently took it private.
Japanese media reported that Mitsui Chemicals intends to enhance its product development capabilities and expand its customer base through the acquisition of JSR, thereby strengthening its competitiveness in the semiconductor materials sector.
* This article has been translated by AI.
Copyright ⓒ Aju Press All rights reserved.