During the annual shareholders’ meeting, Chief Financial Officer Yoshihiko Kawamura announced that Kioxia plans to capitalize on the US market following the conclusion of its fiscal year at the end of March 2027. He characterized this initiative as a significant step in establishing a direct market connection, suggesting the offering could occur in the April to June timeframe.
The company, known for its production of flash memory and solid-state drives (SSDs), currently boasts the top-performing shares on the MSCI World Index. Kioxia is also considering a stock split to enhance accessibility for retail investors.
As a leading manufacturer of NAND storage—technology that retains data even without a power source—Kioxia reported nearly a 37% year-on-year (YoY) revenue increase, fueled by surging demand for flash memory from data centers focused on generative AI and enterprise clients.
The firm is benefiting from rising storage needs as AI workloads grow and is experiencing increased orders from data-center operators, along with stronger demand for traditional hard disk drives.
Investor enthusiasm for Kioxia has been remarkably robust. According to documents from the annual general meeting, the company’s stock price soared by at least 20 times between late April 2025 and late April 2026. Representative Director Nobuo Hayasaka highlighted significant increases in both share liquidity and the total shareholder count during this period.
Kioxia’s stock surged as much as 15%, contributing to an impressive nearly 800% increase this year. The company is now following in the footsteps of South Korean chipmaker SK Hynix in pursuing greater access to the world’s largest capital market.
Chief Executive Officer Hiroo Ota informed shareholders that demand related to AI remains robust, and noted that the positive trend in the NAND market is also becoming evident in the PC and smartphone sectors.
The firm remains bound by a Consolidated Leverage Ratio target of 3.00:1 as stipulated in its Senior Facility Agreement until the end of March next year.
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