JSR: Leading supplier of lithography materials for advanced semiconductors

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JSR: Leading supplier of lithography materials for advanced semiconductors

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JSR: Leading supplier of lithography

materials for advanced semiconductors

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09 July 2026

Leading semiconductor materials company Equity

JSR is a leading semiconductor materials company with a strong position in photo- Japan

lithography materials. In addition to current ArF and EUV photoresists, the company Chemicals

possesses strong technological capabilities in MOR-based EUV wet resists and dry

resists. It is a major beneficiary of semiconductor miniaturization and rising Table of Contents

semiconductor production volumes.

Business overview 2

Company overview 14Taken private by government-backed fund JIC in Apr 2024

In April 2024, JIC Capital, a government-backed investment fund, acquired JSR for Financials 17

c.¥900bn and took the company private. JSR subsequently implemented a major

restructuring of its life sciences business, divesting its in-vitro diagnostics and

Takashi Enomoto >>

pharmaceutical materials business, bioprocess materials business, and drug discovery Research Analyst

support services business. The remaining CDMO business is also a non-core and is not BofAS Japan

takashi.enomoto@bofa.com

included in JSR’s 2030 Vision.

Niima Komura >>

Research Analyst

BofAS JapanOP growth driven by semis, life sciences restructuring niima.komura@bofa.com

Core operating profit (OP) for FY3/26 reached a record high of ¥62.3bn, driven by strong

Kyoji Chiba >>

growth in semiconductor materials and restructuring of the life sciences business. Under Research Analyst

its medium-term business plan, the company targets core OP of ¥100bn in FY3/31. The BofAS Japan kyoji.chiba@bofa.com