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MergerCounterpartyKioxia Corporation, Kioxia Iwate Corporation
Disclosing companyKioxia Holdings Corporation
TimelineThe spacing between the points is proportional to the actual number of days.
Target company
Flash memory manufacturing
Location Kitakami, Iwate PrefectureShare capital ¥10 millionDate of incorporation 25 December 2017
Net Sales¥191,253 million (fiscal year ending March 2026)
Operating profit¥7,036 million (fiscal year ending March 2026)
Net income for the current fiscal year¥8,474 million (fiscal year ending March 2026)
Net assets¥8,492 million (fiscal year ending March 2026)
Consideration and expenses
Acquisition priceNo shares, cash or other consideration will be delivered
Type of ConsiderationNo consideration (no shares, cash or other consideration will be delivered)
Impact on Business Performance
The impact on the Company's consolidated results will be immaterial.
Procedures and assumptions
Management structure after acquisitionThe surviving company will succeed to the business and employees of the dissolved company. There will be no changes to the surviving company's name, location, representative's title or name, capital or fiscal year-end.
| Item | Details |
|---|---|
| Transaction name | Merger |
| Counterparty name | Kioxia Corporation, Kioxia Iwate Corporation |
| Name of the Subject Company | Kioxia Iwate Corporation |
| Business Description of the Subject Company | Flash memory manufacturing |
| Location of the Subject Company | Kitakami, Iwate Prefecture |
| Capital Stock of the Subject Company | ¥10 million |
| Date of Establishment of the Subject Company | 25 December 2017 |
| Net Sales of the Subject Company | ¥191,253 million (fiscal year ending March 2026) |
| Operating Profit of the Subject Company | ¥7,036 million (fiscal year ending March 2026) |
| Net Income of the Subject Company | ¥8,474 million (fiscal year ending March 2026) |
| Net Assets of the Subject Company | ¥8,492 million (fiscal year ending March 2026) |
| Acquisition price | No shares, cash or other consideration will be delivered |
| Type of Consideration | No consideration (no shares, cash or other consideration will be delivered) |
| Voting rights ownership percentage | Before 100％ (after not disclosed) |
| Impact on Business Performance | The impact on the Company's consolidated results will be immaterial. |
| Date of board resolution | 30 October 2026 |
| Execution Date / Effective Date | 1 April 2027 (scheduled) |
| Management structure after acquisition | The surviving company will succeed to the business and employees of the dissolved company. There will be no changes to the surviving company's name, location, representative's title or name, capital or fiscal year-end. |
Items this document does not state (14)
Expenses other than the acquisition priceMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Contract DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to Execution
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.As the flash memory market is expected to expand over the medium to long term against a backdrop of strong demand from AI data centers, to strengthen manufacturing capabilities for cutting-edge flash memory products and achieve sustainable growth.
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