On June 25, KIOXIA HLDGS CORP rose 14.49% in pre-market trading, trading at $64.96/share, with turnover of $94,400.
On the news front, Kioxia announced at its annual shareholders' meeting that it plans to formally issue American Depositary Shares in the second quarter of its next fiscal year (the quarter ending June 2027), advancing its US main board listing. Chief Financial Officer Yoshihiko Kawamura stated the project will establish a direct connection between the company and the US capital market. Currently, Kioxia's ADR trades only on the OTC market under ticker KXIAY; a main board listing is expected to attract significantly more institutional investor participation.
Benefiting from AI-driven memory demand, Kioxia has become Japan's highest market-cap company. NAND flash prices doubled in the first half of the year as data center operators accelerate replacing traditional HDDs with faster NAND flash storage. Within the Semiconductors sector, peer Micron Technology surged 17.06% in the same session, reflecting a broad recovery in sector sentiment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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