Latest news with #KioxiaHoldingsCorp
Bloomberg
16-07-2025
- Business
- Bloomberg
Japan Chipmaker Kioxia Sells $2.2 Billion of Bonds in Debut Deal
Chipmaker Kioxia Holdings Corp. sold $2.2 billion of US junk bonds in its first corporate debt issuance, becoming the latest Japanese firm to storm overseas credit markets. The sale involves $1.1 billion each of five- and eight-year notes after initially targeting $1.5 billion of combined issuance, according to a person familiar with the matter. The bonds will respectively yield 6.25% and 6.625%, an eighth-point less than earlier price talk, said the person, who asked not to be identified as they're not authorized to speak publicly.
14-07-2025
- Business
Kioxia to Issue Up to 3 B. Dollars in Corporate Bonds
News from Japan Economy Jul 14, 2025 18:45 (JST) Tokyo, July 14 (Jiji Press)--Major Japanese flash memory maker Kioxia Holdings Corp. said Monday that it will issue up to 3 billion dollars, or about 440 billion yen, in dollar-denominated corporate bonds. Kioxia plans to use up to 331 billion yen of the proceeds from the bond issuance to repurchase all preferred shares held by the Development Bank of Japan, with the aim of reducing the burden of paying dividends for such shares, which are higher than those for ordinary stocks. The bond issuance and the acquisition of preferred shares will be conducted by August 1. Kioxia will also refinance existing loans and newly borrow a total of 447.5 billion yen from Sumitomo Mitsui Banking Corp., MUFG Bank, Mizuho Bank and the government-backed DBJ. The repayment date will be extended from June 2027 to the end of July 2029, and collateral will no longer be required. END [Copyright The Jiji Press, Ltd.] Jiji Press
Mint
16-06-2025
- Business
- Mint
Bitcoin buyer Metaplanet overtakeschipmaker Kioxia in m-cap, stock soars 400% in 2 months
Japan's hotelier-turned-Bitcoin-buyer Metaplanet Inc. overtook memory chipmaker Kioxia Holdings Corp. in terms of market capitalization as the stock soared nearly 400% in less than two months, riding the global crypto rally. Metaplanet's market value surpassed ¥1 trillion ($6.9 billion) for the first time on Monday, extending gains which also took it past chipmaker Screen Holdings Co. and Tokyo Metro Co., operator of one of the world's biggest subway systems. The stock rocketed 26% Monday as it announced its purchase of ¥16.9 billion worth of Bitcoin which hit a record of $111,980 on May 22. Metaplanet has plans to raise about $5.4 billion to add to its Bitcoin stockpile. The company is among a growing cadre of listed entities globally that have followed the strategy adopted by Strategy, the software maker that has amassed more than $60 billion of the original digital asset. Over a five-year period, Metaplanet shares have soared more than 3,000%. But not everyone is convinced Metaplanet's rally will last. Short positions have grown to about 23% of its free float as of June 12, the largest among Tokyo-listed companies of at least that size, according to data from S&P Global. Listed on the Tokyo Stock Exchange's Standard section for medium-sized companies and basic governance standards, Metaplanet is the largest stock on the bourse without any analyst coverage, according to data compiled by Bloomberg. Two of the world's largest cryptocurrency companies are poised to secure licences granting them access to operate across the European Union, as a rift grows among regulators over the speed and rigour of some countries' approvals, according to sources familiar with the matter. Under the EU's new Markets in Crypto-Assets (MiCA) regulation, which came into force earlier this year, member states can issue licences that allow crypto companies to operate throughout the 27-nation bloc, but some have raised concerns in closed-door meetings about the speed with which licences are being granted, two people familiar with those discussions said, asking not to be named because of the sensitivity of the matter. At stake is the oversight of the multi-trillion-dollar crypto industry, which regulators have long warned could facilitate fraud, market instability and illicit financial flows if it is not properly supervised. --With contribution from Reuters
Bloomberg
17-02-2025
- Business
- Bloomberg
Kioxia Shares Rally on Profit in First Earnings Report Since IPO
Kioxia Holdings Corp. shares rallied as much as 19%, the most since its listing on the Tokyo Stock Exchange in December last year after the Japanese chipmaker said it turned to an operating profit for the nine months that ended in December from a loss a year earlier. Operating profit for the nine-month period was ¥415 billion ($2.7 billion) versus a loss of ¥297 billion a year ago, the company reported on Friday. The company also sees its full-year operating income between ¥431.61 billion and ¥453.61 billion. Kioxia said it sees a recovery in demand for smartphones and personal computers in the second half of this year.
