Nissan Chemical has registered a wholly owned subsidiary in Zhangjiagang, in China's Jiangsu province, to make and sell semiconductor materials. The company announced the move in a notice dated 7 October 2026.
What the new company will make
The subsidiary will manufacture and sell bottom anti-reflective materials for photoresist (known as BARC) and multilayer materials. Nissan Chemical says the aim is to strengthen supply inside China and to build a supply system close to customers, so it can respond faster to swings in demand and improve customer service.
The company's stated reasoning is that China's semiconductor market keeps growing, while rising chip demand and customers' push to stabilise their supply chains call for steadier supply of semiconductor materials than before.
The money and the timetable
The subsidiary has registered capital of 210mn yuan, which Nissan Chemical puts at about ¥5bn. Nissan Chemical owns 100% of it. The company's board approved the establishment on 28 April 2026, and Nissan Chemical signed an investment agreement with the Zhangjiagang municipal government. The subsidiary was registered on 1 September.
Registered capital is a commitment, not cash already spent. The notice says the first capital payment of 89mn yuan, about ¥2.1bn by Nissan Chemical's conversion, is scheduled to be remitted on 15 October 2026. It does not give dates for later payments.
| Item | Detail |
|---|---|
| Location | Zhangjiagang, Jiangsu province, China |
| Business | Manufacture and sale of semiconductor materials (BARC and multilayer materials) |
| Registered capital | 210mn yuan (about ¥5bn) |
| Ownership | Nissan Chemical 100% |
| Registered | 1 September 2026 |
| First capital remittance (planned) | 89mn yuan (about ¥2.1bn) on 15 October 2026 |
| Fiscal year-end | 31 December |
Incorporation is not production
The notice records a company registration and a planned capital transfer. It gives no production start date, plant description or capacity figure.
The subsidiary is classed as a specified subsidiary, a category Nissan Chemical says applies because its capital equals at least one-tenth of the parent's own capital. Even so, the company expects the effect on earnings for the year ending March 2027 to be minor, and says it will disclose promptly if it later judges further disclosure necessary.