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Kioxia closed up over 12%, plans to list in the US in spring 2027.

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Mars Finance News, June 25 - Japan's NAND memory supplier Kioxia closed up 12.27% at 103,850 yen, with a year-to-date gain of 895%, and a market capitalization of 56.7 trillion yen, making it the largest listed company in Japan. On the news front, Kioxia plans to issue American depositary shares in the spring of 2027 to capitalize on the strong demand for global semiconductor stocks driven by the AI boom. At the company's annual general meeting, Chief Financial Officer Yoshihiko Kawamura stated that Kioxia plans to enter the U.S. market after the end of the fiscal year at the end of March. "Our target time is the beginning of the next fiscal year, around April, May, or June," said Yoshihiko Kawamura. "This is significant for the company as it will establish a direct connection with the U.S. market, and we will do our utmost to ensure its success." (Kegu Bao Report)
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