9/104 sources · 3 publishersUpdated Nov 4, 08:08 UTC
Japan Investment Corp plans to sell JSR to Mitsui Chemicals in a deal exceeding 1.3 trillion yen
Japan Investment Corp (JIC), a state‑backed fund, intends to sell semiconductor materials maker JSR to Mitsui Chemicals for more than 1.3 trillion yen (about $8.2 billion). JIC bought JSR for roughly 900 billion yen two years ago. The transaction is expected to be announced within the month and could be one of the largest in Japan’s chemicals sector.
Why it matters
Mitsui Chemicals’ shares fell about 7% after the news, reflecting market reaction to the sizable acquisition cost. The deal will expand Mitsui’s chip‑materials portfolio and may trigger further consolidation in Japan’s semiconductor supply chain.
Key facts
- 1The sale could exceed 1.3 trillion yen ($8.20 billion). investing.com
- 2JIC acquired JSR for some 900 billion yen two years ago. investing.com
- 3Mitsui Chemicals has a market capitalisation of about 800 billion yen. dealstreetasia.com
- 4Mitsui Chemicals held 217.8 billion yen in cash and cash equivalents as of the end of June. dealstreetasia.com
- 5Mitsui Chemicals’ interest‑bearing debt was 876.4 billion yen at the end of June. dealstreetasia.com
- 6Mitsui Chemicals’ debt‑to‑equity ratio stood at 0.75. dealstreetasia.com
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.