JSR : Implementation of the special second career program for managers

Translation

Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translat ed document and the original Japanese document, the latter shall prevail.

To whom it may concern,	September 14, 2020
Company name:	JSR Corporation
Representative:	Eric Johnson, Representative Director,
	CEO
	(Code #4185, Tokyo Stock Exchange)
Inquiries to:	Yoshiko Takeda, General Manager
	Corporate Communication Dept.
	TEL [phone](Japan)
	[phone] (from abroad)

Implementation of the special second career program for managers

Tokyo, Japan, September 14th, 2020 - JSR Corporation (Representative Director, CEO: Eric Johnson, hereinafter referred to as "JSR") announces that it has decided to carry out the special second career program for JSR managers.

1. Reason for this program

To continuously increase company value, JSR has focused on business portfolio expansion, strengthening of its global business platform and aggressively investing in next generation technologies and businesses.

In order to execute management structure changes as a part of business transformation, JSR needs to initiate additional internal cultural shifts and heighten the company's resilience through business evolution through reformation of the human resource composition.

At this turning point, JSR offers support for managers who would like to broaden their potential for career development and wish to embark on new careers outside of JSR Group. Though this special second career program, managers will have the opportunity to expand their professional abilities and strengths.

2. Overview of this program
(1)	Eligible employees	All managers of JSR Corp. aged 50-57 with no less than
		15 years of service as of 30th Nov. 2020.
(2)	Number of applicants	Approximately 50 people
(3)	Application periods	October 1st 2020 - October 15th 2020
(4)	Retirement date	November 30th 2020
(5)	Offers	- Special additional-sum to the ordinary severance
		payment, in addition to the existing Second Career
		Program.

- Support for career design and change through external company.

3. Impact on financial performance

For more detailed information of the impact on our consolidated financial result forecast, please refer to "Revision to Consolidated Financial Results Forecast for the Fiscal Year ending March 31, 2021" which has been disclosed at the same time. The number and breakdown of applicants are still uncertain at this moment. We will promptly disclose further revision of the consolidated financial results forecast when it is available.