technology
Kioxia Holdings plans U.S. depositary share offering and domestic stock split
Kioxia Holdings will offer U.S. depositary shares in spring 2027 and is considering a domestic stock split. The moves follow a nearly 900 percent share-price increase this year.
The Japan TimesAudio version
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Kioxia Holdings plans to offer U.S. depositary shares in spring 2027 and is considering a domestic stock split. The company said both steps aim to broaden its investor base amid strong demand for AI-related semiconductor stocks. The supplier of NAND storage has become Japan’s most valuable company this year on the back of an AI-driven surge in memory-product demand.
It joins rival SK Hynix in seeking access to the world’s largest financial market.
Share performance and market context Kioxia shares closed above ¥100,000 ($620) on Thursday after Micron Technology reported strong results. The stock has risen nearly 900 percent since the start of the year. The company, based in Tokyo, had previously indicated it would pursue a U.S. listing at a later date.
Officials said the timing of the depositary-share offering and any stock split will be finalized in coming months.
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