Bain reaps Japan record-setting $17bn from Kioxia stake sale

Bain reaps Japan record-setting $17bn from Kioxia stake sale - Nikkei Asia World China Japan India South Korea Indonesia Taiwan Thailand U.S. East Asia China Hong Kong Macao Taiwan Mongolia Japan South Korea North Korea Southeast Asia Indonesia Thailand Malaysia Singapore Philippines Vietnam Myanmar Cambodia Laos Brunei East Timor South Asia India Pakistan Afghanistan Bangladesh Sri Lanka Nepal Bhutan Maldives Central Asia Kazakhstan Uzbekistan Turkmenistan Tajikistan Kyrgyzstan Oceania Australia New Zealand Papua New Guinea Pacific Islands Rest of the World Middle East Russia & Caucasus North America Latin America Europe Africa Trending Iran tensions Inflation Trump administration Artificial intelligence Electric vehicles Supply Chain Taiwan tensions Bank of Japan Immigration ESG Explainer Business Business Semiconductors Automobiles Energy Transportation Retail Travel & Leisure Media & Entertainment Food & Beverage Finance Electronics Startups Business deals Markets Markets Equities Currencies Bonds Commodities Property IPO Wealth Management Tech Tech #techAsia China tech Startups Cryptocurrencies DealStreetAsia Politics Politics China Japan India South Korea Indonesia Taiwan Thailand U.S. East Asia China Hong Kong Macao Taiwan Mongolia Japan South Korea North Korea Southeast Asia Indonesia Thailand Malaysia Singapore Philippines Vietnam Myanmar Cambodia Laos Brunei East Timor South Asia India Pakistan Afghanistan Bangladesh Sri Lanka Nepal Bhutan Maldives Central Asia Kazakhstan Uzbekistan Turkmenistan Tajikistan Kyrgyzstan Oceania Australia New Zealand Papua New Guinea Pacific Islands Rest of the World Middle East Russia & Caucasus North America Latin America Europe Africa Economy Economy China Japan India South Korea Indonesia Taiwan Thailand U.S. East Asia China Hong Kong Macao Taiwan Mongolia Japan South Korea North Korea Southeast Asia Indonesia Thailand Malaysia Singapore Philippines Vietnam Myanmar Cambodia Laos Brunei East Timor South Asia India Pakistan Afghanistan Bangladesh Sri Lanka Nepal Bhutan Maldives Central Asia Kazakhstan Uzbekistan Turkmenistan Tajikistan Kyrgyzstan Oceania Australia New Zealand Papua New Guinea Pacific Islands Rest of the World Middle East Russia & Caucasus North America Latin America Europe Africa Features Trading Asia ASEAN Money Tech Asia Business Asia China Up Close Policy Asia Big in Asia Datawatch Infographics Opinion Opinion Editor-in-Chief's Picks The Nikkei View Life & Arts Life & Arts Life Arts My Personal History Tea Leaves Eat & Drink Destinations Books Obituaries Watch & Listen Podcasts Video Photos Semiconductors Bain reaps Japan record-setting $17bn from Kioxia stake sale Return on share price surge is country's largest for private equity: Nikkei estimate Bain Capital acquired Toshiba Memory, now Kioxia, from Toshiba in 2018 through four special-purpose companies. (Source photos by Nikkei) KYOHEI SUGA and RYUTA MINAMIHATA July 26, 2026 02:01 JST TOKYO -- U.S. investment firm Bain Capital, the largest shareholder in Kioxia Holdings, has realized approximately 2.5 trillion yen ($17 billion) in gains from selling its stake after the memory chipmaker's share price surged, generating what is believed to be the largest-ever return from a private equity investment in Japan, according to a Nikkei estimate. Read Next Interview 'Kioxia of today wouldn't exist' under Toshiba, Bain dealmaker says Semiconductors Kioxia starts shipping next-gen memory as technological lead shrinks Semiconductors Kioxia caps years of uncertainty to become Japan's most valuable company Finance Bain Capital's $10.5bn Asia fund to invest half in Japan Semiconductors Japan's Kioxia forecasts 48-fold quarterly profit jump on AI demand Latest on Semiconductors Semiconductors Intel posts fastest revenue growth in 15 years on rising CPU demand Semiconductors Japan's Rapidus partners with Cadence on AI agent chip design tools Semiconductors TSMC plans further $100bn US investment to feed AI demand Sponsored Content About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau. Register for our newsletters About Nikkei Asia About us Sitemap Announcements Advertise with us About NIKKEI Support Help / Contact us View site tips Subscriptions Individual subscription Online group subscription Corporate subscription Gift subscription Legal & Privacy Terms of use Copyright Privacy & Cookie policy Information Transmission Events & Community Nikkei Global Events Event Reports No reproduction without permission.