Toshiba cuts $2.1bn stake in electronics maker Kioxia Holdings

Toshiba Corporation disclosed on 8 October that it cut a $2.1bn stake in electronics maker Kioxia Holdings, following a change on 1 October. The filing was among 24 reports from 21 filers disclosed since 8 October, with reductions of $3.2bn and increases of $2.5bn.

Shares in Kioxia Holdings are down 6.3 per cent since the change. In filings on 8 October covering changes on 1 October at oil refiner Idemitsu Kosan, Aramco Downstream Asia Pte. raised a stake by $1.2bn and Aramco Overseas Company B.V. cut a stake by $1.1bn.

Across the last 30 days, Rakuten Group recorded the largest single change by raising its stake in bank Rakuten Bank by $3.8bn. The banking sector registered $4.6bn of net increases across 11 reports.

Retailers and electronics makers recorded the largest net reductions across the 30-day period. Filers reported $5.0bn of net reductions in retailers across 91 reports, while electronics makers saw $3.0bn of net reductions across 65 reports.