JSR's incoming CEO signals focus on finances, retreat from sector M&A ambitions [Yahoo! Finance]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Yahoo! Finance
company's business performance, shifting away from previous ambitions to drive consolidation in the sector. JSR's financial performance is not good, and the company is not ready to make acquisitions, Tetsuro Hori, who will assume the CEO role on April 1, said in an interview on Wednesday. "We need to recover the life science business. This is the first priority," he said. The company's business performance has deteriorated, affected by losses in its life sciences unit, sparking industry speculation that JSR may attempt to sell the division. "JSR might not be the best owner of the life science (business), that's what I'm thinking right now," said Hori, adding that nothing has been decided and the business' performance would need to improve before any potential s
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