Kioxia Reportedly Plans to Offer US Depositary Shares in Spring

Speaking at the company's annual general meeting, chief financial pfficer Yoshihiko Kawamura said the flash memory maker plans to tap the US market after the conclusion of its current fiscal year at the end of March. Kioxia intends to offer US depositary receipts in the spring of 2027 to take advantage of runaway investor demand for exposure to AI-related semiconductor shares. Its target timing is the beginning of the next fiscal year, around April, May or June. It is said that the company is also actively studying a stock split to make its Tokyo-listed shares, now the best-performing on the MSCI World Index, more accessible to retail investors.