JIC Capital Ltd. President and CEO Shogo Ikeuchi talks about investment strategy at their office in Tokyo, Japan May 20, 2025. REUTERS/Miho Uranaka
TOKYO (Reuters) -State-backed JIC's private equity arm said its goal of driving consolidation in Japan's chipmaking sector through portfolio firm JSR is unaffected by weak financial performance at the photoresist maker.
Japan Investment Corp took JSR private last year in a $6 billion deal with the materials manufacturer saying it planned to make deals. However, JSR ended the year in March with an operating loss of 209 billion yen ($1.45 billion).
