Kioxia Holdings sees mixed sentiment with slight selling pressure; SanDisk's sharp rally viewed as positive catalyst

Tue Sep 1, 2026 9:12 am JST Catalyst

Kioxia Holdings Corporation <285A> is locked in a tug-of-war between bulls and bears, hovering near 50,000 yen with a slight tilt toward selling. The stock continues to trade near its 25-day moving average, though it reversed early losses to close higher yesterday. Trading value has remained below 2 trillion yen for six straight sessions, keeping the stock in a narrow range, but consolidation appears near a tipping point.

Against this backdrop, SanDisk - a close peer of Kioxia with a high price correlation - surged 5.5% in U.S. trading yesterday, boosting semiconductor sentiment and potentially aiding Kioxia. On Aug. 27, Kioxia and SanDisk jointly announced plans to invest a combined 5 trillion yen in Japan by 2032, contingent on government support, drawing market attention. While global concerns over excessive AI capital expenditure linger - not just for the two companies - expanding capacity is seen as vital to surviving in the industry. "Sitting on the sidelines here would ultimately weigh on the stock as growth expectations fade," said a strategist at a mid-tier brokerage. Kioxia's share price remains at less than half its record high of 112,700 yen set on June 22, with medium-term value-oriented buying continuing.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Kioxia Holdings sees mixed sentiment with slight selling pressure; SanDisk's sharp rally viewed as positive catalyst

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