Japanese stocks move: Kioxia closed up more than 12%, plans to go public in the US in spring 2027

Glonghui June 25｜Japanese market NAND storage supplier Kioxia closed up 12.27% at 103,850 yen, up 895% so far this year, with a latest market value of 56.7 trillion yen, making it the largest listed company in Japan. According to reports, Kioxia plans to issue American Depositary Shares in the spring of 2027 to seize the global semiconductor demand surge driven by the artificial intelligence trend. At the company's annual shareholders' meeting, Chief Financial Officer Yoshihiko Kawamura stated that Kioxia plans to enter the US market after the end of the current fiscal year at the end of March. "Our target timing is the beginning of the next fiscal year, around April, May, or June," said Yoshihiko Kawamura, "This is extremely important for the company because it will establish a direct connection with the US market, and we will make every effort to ensure its success."