Brief: JSR CEO Johnson: Need To Drive Scale In Japanese Semiconductor Materials Industry Is Paramount

JSR

26/06/2023 11:00

June 26 (Reuters) - JSR Corp  4185.T :
    * JSR CEO JOHNSON: INVESTMENT PRESSURE IS INTENSE
    * JSR CEO JOHNSON: WE HAVE SEEN CONSOLIDATION IN CUSTOMERS
AND
COMPETITORS SO WE FEEL REFORM IS CRITICALLY IMPORTANT
    * JSR CEO JOHNSON: WE HAVE CONFIDENCE IN OUR TRAJECTORY
    * JSR CEO JOHNSON: AFTER WE HAVE EXECUTED OUR GROWTH
STRATEGY OUR
PLAN IS TO RELIST IN THE FUTURE
    * JSR CEO JOHNSON: THERE IS STRONG STRATEGIC ALIGNMENT
BETWEEN JSR
AND JIC
    * JSR CEO JOHNSON: THE DEAL WILL GIVE US MORE FLEXIBILITY TO
ACHIEVE OUR STRATEGIC OBJECTIVES
    * JSR CEO JOHNSON: WE BELIEVE IT A LOW RISK TRANSACTION WITH
A
CLEAR PATH FOR REGULATORY APPROVAL
    * JSR CEO JOHNSON: NEED TO DRIVE SCALE IN JAPANESE
SEMICONDUCTOR
MATERIALS INDUSTRY IS PARAMOUNT
    * JSR CEO JOHNSON: WE HAVE BEEN ABLE TO EXECUTE M&A
SEPERATELY BUT
WE NEED TO ACCELERATE THIS
    * JSR CEO JOHNSON: NOW IS THE TIME TO PUSH AHEAD WITH WELL
STRUCTURED REFORMS TO ALLOW US TO COMPETE GLOBALLY
    * JSR CEO JOHNSON: THIS IS AN OPPORTUNITY NOT A CRISIS
    * JSR CEO JOHNSON: RELISTING AND IPO MARKETS ARE DIFFICULT
TO
PREDICT
    * JSR CEO JOHNSON: TIMEFRAME TO RELIST IS FIVE TO SEVEN
YEARS

Further company coverage:  4185.T 

 (Reporting by Sam Nussey, Tim Kelly)
 ((kiyoshi.takenaka@thomsonreuters.com;))