JSR will accept a tender offer by JIC Capital (JICC), a wholly owned subsidiary of the Innovation Network Corporation of Japan (JIC), through its wholly owned subsidiary JICC-02. JSR will be delisted and become a wholly owned subsidiary of JICC-02. The total purchase price is expected to be approximately 904 billion yen ($6.28 billion). By going private, JSR will be...
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JSR Subsidiary D-Mec Launches Low-Cost, High-Performance 3D Printer for Rapid Prototyping
D-Mec Ltd., a wholly owned subsidiary of JSR Corp. (TYO:4185), recently announced that it has launched sales of the Daram 3, an inexpensive rapid-prototyping 3D printer able to create the sort of high-fidelity objects characteristic to the rapid prototyping approach. In designing the Daram 3, D-Mec has looked to maintain the benefits provided by high-performance rapid prototyping while also carrying...
JSR to Complete 115B Yen Transfer of Elastomers Business to Eneos in April 2022
Leading synthetic rubber manufacturer JSR Corp. (TYO:4185) has announced plans to transfer its elastomers business to Eneos Corp. Due to be completed on April 1, 2022, the deal here will be based on a valuation of 115 billion yen ($1.05 billion). Commenting on the deal, JSR CEO Eric Johnson acknowledged that elastomers have been a core business for JSR since...
JSR Anticipates 5% Revenue Growth From Elastomers for 2021
JSR Corp. (TYO:4185) has announced its earnings forecast for fiscal 2021. The synthetic rubber manufacturer projects that it will be able to generate 468 billion yen ($4.28 billion) in sales revenue, up 4.8 percent year-on-year; 53 billion yen in core operating profit, up 104.1 percent; and 32 billion yen in net profit, a major turnaround from the 55.2 billion yen...
JSR Targets Record Profit for Fiscal 2024 as Part of Medium-Term Strategy
JSR Corp. (TYO:4185) is looking to set a new record high profit in fiscal 2024 as part of its latest medium-term management policy, which lays out plans and targets through to that same year. On the topic of JSR’s future business portfolio, the new management policy looks to position digital solutions – especially for semiconductors – and life sciences as...
JSR to Seek Early Retirement by Elastomers Workers 40 and Over With Three-Plus Years’ Employment
JSR Corp. (TYO:4185) plans to solicit early retirement among about 100 employees in its elastomers business. Seeking to make the change to a more robust business structure, JSR is optimizing its production capacity and product portfolio, rationalizing prices and working to bring about major improvements in its operating efficiency. The company is also implementing unlimited structural reforms throughout its organization,...