Japan edition · Japanese equities
Toshiba cuts holdings in Kioxia as electronics sales mount
Mitsubishi UFJ Financial Group also reduced its stake in Advantest Corporation by ¥334.2bn ($2.1bn) during a period of net disposals across the sector.
Toshiba Corporation disclosed two reductions in electronics maker Kioxia Holdings, cutting stakes valued at ¥326.8bn ($2.1bn) and ¥277.9bn ($1.8bn). The first disposal followed a change on 1 October, filed on 8 October, and the second followed a change on 27 October, filed on 4 November.
Reductions accounted for 68 per cent of all disclosed trade value over the past 30 days. Mitsubishi UFJ Financial Group cut a stake valued at ¥334.2bn ($2.1bn) in electronics maker Advantest Corporation, filed on 19 October after a change on 12 October.
Electronics makers recorded ¥843.1bn ($5.3bn) of net reductions across 71 filings, with ¥1.2tn ($7.8bn) of reductions against ¥393.7bn ($2.5bn) of increases. Shares in Kioxia Holdings fell 55 per cent from the 1 October trade to 6 November.
Companies in this column: Advantest Corporation, Kioxia Holdings.