JSR’s CEO references focus on financial affairs, and a retreat from the ambitions of the integration and purchase sector

Written by Sam Nossi and Maho Uranak

TOKYO (Reuters) – JPANANS JSR CEO JPANANS JSR is planning to focus on restoring the company’s performance, and moving away from previous aspirations to push unification in this sector.

Tituro Hori, who will take over the role of the CEO on April 1, said in an interview on Wednesday that the financial performance of JSR is not good, and that the company is not ready to perform acquisitions.

“We need to restore life sciences. This is the first priority,” he said.

The company’s deterioration of the company’s deterioration, and was affected by the losses in the Life Science Unit, which sparked industry speculation that JSR may try to sell the department.

“JSR may not be the best owner of life sciences (business), and this is what I am thinking about now,”

In the era of outgoing CEO Eric Johnson, JSR was captured by Japan Investment Corp, backed by the state -backed (JIC) last year in a $ 6 billion deal.

Johnson had argued that the acquisition will be released, a pioneering company in the field of photo -photo makers, from the challenge of managing the base of foreign investors, allowing the company to follow the sector deals.

However, the treatment was controversial, as some people in the industry wonder whether JSR can sign deals that would significantly reshape the sector.

Hori said that integration and purchases should be supported by customers, and they should also create value.

Hori joined JSR as the financial manager in January, and he previously held the position of CEO at Tokyo Electron in Tokyo Electron.

Hidehito Takahashi, CEO of Chip Makerials Maker Resonac, said last month that he wanted to share his company when JIC JSR comes out.

“If we can find some good synergy, these deals may be on the table,”

JSR booked a net loss of 22.2 billion yen (148 million dollars) in the six -month period ending on September 30.

Hori hopes to restore business to profitability by the coming fiscal year, which ends in March 2026.

($ 1 = 150.3800 yen)

(Participated in the reports of Sam Nossi and Mihu Uranaka; Editorial by Sherry Yaqoub Philips)