Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Japan
  4. Japan Exchange
  5. Toshiba Corporation
  6. News
  7. Summary
    6502   JP3592200004

TOSHIBA CORPORATION

(6502)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Japan's Kioxia, formerly Toshiba Memory, aims for Sept IPO - report

06/24/2021 | 12:02am EDT

TOKYO (Reuters) - Japan's Kioxia Holdings Corp, the world's second largest maker of flash memory chips and formerly known as Toshiba Memory, plans an initial public offering as early as September, weekly financial magazine Diamond reported on Thursday.

Kioxia, which is controlled by private equity firm Bain Capital, last year shelved a plan to offer up to 334.3 billion yen ($3 billion) in shares, which would have been Japan's largest IPO of 2020.

That postponement came amid trade frictions between China and the United States that the Japanese chip maker worried would cut it off from key customers.

The Tokyo bourse is expected to give its approval in July, the report said, citing sources.

A Kioxia spokesperson on Thursday said the firm was "aiming to IPO at the appropriate time" but declined to comment further.

A spokesperson for Toshiba which still owns 40.6% of the chipmaker, declined to comment.

The Japanese industrial conglomerate, which holds its annual shareholder meeting on Friday amid a furore over accusations management pressured foreign shareholders to back its plans, sold a controlling stake in the prize business unit to Bain in 2018 to raise funds to tackle a financial crisis.

Concern that U.S.-China trade friction would hurt Kioxia's business has eased and a share offer this year would come as the United States, Europe, Japan and China vie to build chip production hubs to secure semiconductor supplies amid worries of global shortages and expectations of longer-term rising demand, such as from car makers.

Media reports previously cited rivals Micron Technology Inc and Western Digital Corp as potential investors in Kioxia.

Toshiba shares rose 0.4% to 4,860 yen in morning trading.

($1 = 111.0700 yen)

(Reporting by Sam Nussey and Tim Kelly; Writing by Ritsuko Ando; Editing by Jacqueline Wong and Jane Wardell)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
MICRON TECHNOLOGY, INC. 0.65% 77.58 Delayed Quote.3.19%
TOSHIBA CORPORATION 0.21% 4700 End-of-day quote.62.91%
WESTERN DIGITAL CORPORATION 0.73% 64.93 Delayed Quote.16.37%
All news about TOSHIBA CORPORATION
07/30TOSHIBA : strategic review committee to make recommendations soon
RE
07/30TOSHIBA : Statement from the Toshiba Board of Directors
PU
07/30[STORY] TOSHIBA'S YOUNG ENGINEERS : Pursuing comfort through numerical values
PU
07/29TOSHIBA : Releases Arm® Cortex®-M4 Microcontrollers for Motor Control as First P..
PU
07/28ON SEMICONDUCTOR : 16 Mp XGS Sensor Brings High Quality, Low Power Imaging to Fa..
AQ
07/21SUMMIT WIRELESS TECHNOLOGIES : ' WiSA Rolls Out SoundSend Certified Program -- S..
MT
07/21Toshiba Corporation Announces Special Dividend, Payable on August 6, 2021
CI
07/08PRESS RELEASE : Shekel brainweigh expands its partnership with monop opening aut..
DJ
07/05TOSHIBA : Kurita and Toshiba Plan Collaborations in the Field of Water Treatment..
PU
07/04Toshiba needs 'prompt, appropriate' disclosure, TSE chief says
RE
More news
Financials
Sales 2022 3 244 B 29 579 M 29 579 M
Net income 2022 133 B 1 209 M 1 209 M
Net Debt 2022 198 B 1 807 M 1 807 M
P/E ratio 2022 15,4x
Yield 2022 4,04%
Capitalization 2 121 B 19 326 M 19 339 M
EV / Sales 2022 0,71x
EV / Sales 2023 0,68x
Nbr of Employees 117 300
Free-Float 93,4%
Chart TOSHIBA CORPORATION
Duration : Period :
Toshiba Corporation Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOSHIBA CORPORATION
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 4 700,00 JPY
Average target price 4 943,50 JPY
Spread / Average Target 5,18%
EPS Revisions
Managers and Directors
Satoshi Tsunakawa Chairman, Executive President & CEO
Masayoshi Hirata CFO, Head-Accounting & Finance Management
Keiichi Yumita Head-Information Systems
Yutaka Sata Vice President-Research & Development
Hideaki Ito Head-Technology Planning, R&D Center
Sector and Competitors
1st jan.Capi. (M$)
TOSHIBA CORPORATION62.91%19 326
BERKSHIRE HATHAWAY INC.20.44%636 411
HONEYWELL INTERNATIONAL INC.9.92%161 408
SIEMENS AG11.96%124 721
3M COMPANY13.24%114 536
GENERAL ELECTRIC COMPANY19.91%113 718