Japan edition · Japanese equities
Toshiba cuts $2.1bn stake in Kioxia Holdings
The reduction disclosed in October matched the period's largest stake sale as sellers dominated broader Tokyo filings.
Toshiba Corporation disclosed a $2.1bn cut to its holding in electronics maker Kioxia Holdings, matching the largest single reduction in Japanese large-shareholding reports over the past 30 days. The change took place on 1 October and was filed on 8 October. Mitsubishi UFJ Financial Group also disclosed a $2.1bn cut in Advantest Corporation on 19 October.
Electronics makers recorded the largest net disposals across the market. Filers cut $6.2bn from the sector against $2.4bn of additions, leaving $3.8bn of net reductions across 73 filings. Trading houses recorded $2.0bn in net reductions across 39 reports.
Selling accounted for 66 per cent of total value disclosed in the last 30 days. Filers reported 424 stake reductions worth $15.7bn against 404 increases valued at $8.0bn. Chemicals makers recorded $1.0bn of net increases across 65 filings.
Companies in this column: Advantest Corporation, Kioxia Holdings.