Kioxia Holdings Corporation’s share price has fallen sharply from its peak. Reporters in London and Tokyo discuss current conditions and the factors behind the decline while exploring when a full-scale recovery may begin. They also touch on the information concerning a potential ADR listing and the period before the stock split, as attention focuses on the company’s outlook.
Kioxia Holdings Corporation’s share price, once supported by one of Japan’s largest market capitalizations, has now fallen to nearly half its peak level. The focus is on when the share price will recover.
In this second part, the London editorial board member and Tokyo reporter examine Kioxia’s strategy amid the gap with analysts’ target prices, its relationship with NVIDIA, and large-scale investment by South Korean companies. Some believe that supply-demand conditions and supply-side barriers are factors affecting a recovery.
The stock split is presented with a note dated before its implementation on 1 October. The discussion also covers the possibility of raising funds through an ADR listing and the global expansion of major securities firms. The objectives behind the split and dividend policy are also considered.
This installment also features a Kioxia CFO interview published in NIKKEI Financial, covering the company’s dependence on NVIDIA, the significance of long-term contracts, and comparisons with other companies.