Japan edition · Japanese equities
Toshiba cuts stake in Kioxia Holdings by $2.1bn
Shares in the electronics maker fell 30 per cent following the disposal as net reductions dominated large shareholding reports.
Toshiba Corporation cut its stake in electronics maker Kioxia Holdings by $2.1bn on 1 October, according to an EDINET report filed on 8 October. The disposal was among the largest stake changes disclosed in the past 30 days.
Shares in Kioxia fell 30 per cent between the transaction date and 16 October. Across the electronics maker sector, filers reported 71 stake changes, with reductions totalling $4.3bn and increases of $483.1mn, leaving $3.8bn of net reductions.
Retailers recorded $20.9bn of net reductions across 95 reports. Disclosed cuts in the sector totalled $21.7bn against increases of $851.8mn.
Banks registered the largest net additions. Filers reported increases worth $4.6bn against reductions of $106.5mn, resulting in $4.5bn of net increases across 10 reports.
Companies in this column: Kioxia Holdings.