japan investment corp plans to take over jsr for 90392 billion yen 629 billion the chemical company said monday jsr said the governmentbacked investment company would pay y4350 a share to fully acquire its stock jsr which makes photoresist and other chemical products said the domestic semiconductor materials industry needed consolidation to improve competitiveness but there were concerns over whether the company itself could lead such restructuring japan investment corp said that it believed it is desirable to delist and restructure the chemical company to improve corporate value in the long run and that it aimed to start the tender offer in late december jsr shares ended mondays trading 22 higher at y3934 following media reports of a possible takeover by japan investment corp