Kioxia Holdings (285A), whose predecessor was Toshiba's memory business, has revealed in its securities report that Toshiba remains its top shareholder. The company was renamed Kioxia in 2019 and listed on the Tokyo Stock Exchange Prime Market in December 2024. As of the fiscal year ending March 2026, Toshiba holds 17.59%, and four Pangea-related entities under Bain Capital hold just over 20%. A year ago, Toshiba held 30.5% and Pangea-related entities held over 50%, showing a significant change in capital structure over the past year. The equity ratio is 37.9%, below the industry median of 62.2%, while ROE is high at 51.9%. The stock price has risen 37% in the past month, closing at 52,500 yen on August 27, with a PBR of 11.97 times.
Kioxia Holdings CorporationStock up 37% in a month, high ROE, and PBR of 11.97 times indicate strong market performance and valuation.
