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Mitsui Chemicals and Development Bank of Japan agree to acquire chip materials maker JSR

Mitsui Chemicals is partnering with the state-backed Development Bank of Japan to acquire semiconductor materials firm JSR in a multibillion-dollar buyout scheduled to close in fiscal 2027.

Split view showing the exterior logo sign of JSR alongside the Mitsui Chemicals Group logo.
Image: @analyticsinme

Japanese chemicals producer Mitsui Chemicals has agreed to acquire semiconductor materials maker JSR alongside the government-owned Development Bank of Japan, according to media reports and a Monday regulatory filing.[2][4][1]

Reported valuations for the buyout vary across publications. Bloomberg reported that the deal values JSR at 1.84 trillion yen (around $12 billion), while Nikkei Asia and Analytics Insight placed the purchase price at $11.6 billion. Separately, The Wall Street Journal and Quartz reported an equity valuation of about $8.8 billion.[2][5][1][4][3]

As part of the structure, the Development Bank of Japan is set to invest 200 billion yen in non-voting preferred shares. The acquisition is expected to close in the second half of fiscal 2027.[3]

Key facts

  • Mitsui Chemicals agreed to acquire chip materials maker JSR alongside the government-owned Development Bank of Japan.
  • Bloomberg reported the buyout values JSR at 1.84 trillion yen ($12 billion), citing a filing on Monday.
  • The Wall Street Journal and Quartz reported JSR's equity value in the acquisition at approximately $8.8 billion.
  • Nikkei Asia and Analytics Insight reported the transaction value at $11.6 billion.
  • The Development Bank of Japan will invest 200 billion yen in non-voting preferred shares.
  • The buyout is expected to close in the second half of fiscal 2027.

Sources · 5 sources

  1. AI

    Analytics Insight@analyticsinmePost on X ·

    𝐌𝐢𝐭𝐬𝐮𝐢 𝐂𝐡𝐞𝐦𝐢𝐜𝐚𝐥𝐬 𝐭𝐨 𝐀𝐜𝐪𝐮𝐢𝐫𝐞 𝐉𝐒𝐑 𝐟𝐨𝐫 𝐔𝐒𝐃 𝟏𝟏.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐉𝐚𝐩𝐚𝐧 𝐃𝐞𝐚𝐥 Japan's semiconductor industry is gearing up for a major shake-up! Mitsui Chemicals and the Development Bank of Japan are joining hands to acquire JSR in a massive USD 11.6 billion deal. The acquisition could reshape Japan's semiconductor materials landscape and strengthen its global chip supply chain. But can the mega-deal deliver the expected returns? #MitsuiChemicals #JSR #Semiconductors #Japan #ChipIndustry #BusinessNews #analyticsinsight #analyticsinsightmagazine Read More 👇 https://t.co/526yUppWDO

    Open source
  2. BL

    Bloomberg@businessPost on X ·

    Japanese chemical maker Mitsui Chemicals and the Development Bank of Japan plan to buy chip materials firm JSR for ¥1.84 trillion ($12 billion), according to a filing on Monday https://t.co/whIm842P8R

    Open source
  3. QU

    Quartz@qzPost on X ·

    Mitsui Chemicals agreed to acquire chip materials maker JSR at an $8.​8 billion equity value: The Development Bank of Japan will invest ¥200 billion in non-voting preferred shares; closing is expected in the second half of fiscal 2027 dlvr.​it/TWFzhh https://t.co/fHFnheHAlG

    Open source
  4. TW

    The Wall Street Journal@WSJPost on X ·

    Mitsui Chemicals has agreed to acquire semiconductor materials maker JSR jointly with government-owned Development Bank of Japan for about $8.8 billion. https://t.co/2Eal7U8RZN

    Open source
  5. NA

    Nikkei Asia@NikkeiAsiaPost on X ·

    Japan's Mitsui Chemicals to buy chip materials maker JSR for $11.6bn https://t.co/lMcgcIR86a

    Open source