Memory Prices Fuel Kioxia’s Rise to Japan’s Top-Valued Companies
The Kioxia plant in Kitakami, Iwate Prefecture, Japan.
Photographer: Kiyoshi Ota/BloombergKioxia Holdings Corp. made the list of Japan’s 10 biggest companies by market capitalization for the first time, after rising prices for its core product — NAND flash memory — helped propel a rally in its share price.
The company’s value rose to ¥19.3 trillion ($121 billion) as of the market close, putting it in 10th place and up from the 43rd spot at the end of last year. Its stock rose 1.7% on Thursday amid a global AI rally to the highest since its jumbo IPO in December 2024.