Kioxia's top shareholder changes, and SK hynix's convertible bonds give it the largest voting stake

Kioxia's largest shareholder changed from Toshiba to investment firm BCPE Pangea Cayman 2, effective August 10, 2026, after Toshiba's stake fell to 14.12% from 14.48%. Bloomberg reported that SK hynix holds convertible bonds that could convert into nearly all of BCPE's voting rights, which would give SK hynix the largest effective voting stake. SK hynix reportedly agreed to keep its voting stake at or below 15% through 2028 unless Kioxia permits otherwise.

• Largest Kioxia holder now BCPE Pangea Cayman 2 (effective August 10)
• Toshiba stake: 14.12% as of July 31 (from 14.48%)
• SK hynix convertible bonds could convert into nearly all of BCPE's votes
• Reported voting cap: 15% through 2028