Latest Tokyo Brief coverage on Kioxia Holdings Corporation, tracking filings, financial news, and market signals from Japan.
TSE:285A
Kioxia Holdings has already used virtually all of the ¥800bn cash authorization behind its share buyback, all in a six-day stretch in early August, but has repurchased only 53.78% of the 30 million shares it aimed to buy before the program's October 30 deadline.
Kioxia and SanDisk say they will invest roughly ¥5tn, more than $31bn, in Japanese flash-memory production by 2032 at two existing plants, but the plan is explicitly conditional on support from the Japanese government that has not yet been detailed.
A Texas federal jury ruled that Kioxia's US and Japan subsidiaries infringed a Viasat patent, setting provisional damages of about $229mn (¥37.1bn) that Kioxia says it will contest.
Current holdings disclosed by tracked funds.