Source disclosure: January 30, 2026
Kioxia Holdings Corporation [285A.T]
TOKYO, Jan 30 (Pulse News Wire) -- Kioxia Holdings Corporation (285A.T), through its subsidiary Kioxia Corporation, has announced an extension of the joint venture contract period at the Kioxia Ise plant until December 31, 2034, marking a five-year extension from the previously scheduled end date of December 31, 2029. The agreement also includes a payment schedule by SanDisk Corporation to Kioxia Corporation totaling $1.165 billion over four years starting from April 15, 2026.
According to the press release, Kioxia will receive payments on the following schedule: $175 million on April 15, 2026; $200 million on December 1, 2026; $230 million on December 1, 2027; $260 million on December 1, 2028; and $300 million on December 1, 2029. These payments amount to approximately ¥1,782 billion based on an exchange rate of 153 yen per dollar. The impact on Kioxia's consolidated earnings for the current fiscal year is currently under review.
In a statement, Shunichi Hiragi, President and CEO of Kioxia Corporation, expressed his satisfaction with the deepening strategic partnership between Kioxia and SanDisk. He emphasized that this agreement not only recognizes the value of Kioxia’s manufacturing operations but also leverages the scale benefits of its world-class production capacity to enhance profitability. Hiragi added that Kioxia plans to contribute to the development of the digital society driven by AI by supplying high-quality flash memory products through collaboration with SanDisk.
David Goeckeler, Chairman and CEO of SanDisk, highlighted the ongoing active cooperation in research and development as well as manufacturing of NAND technology. He noted that the partnership began more than 25 years ago when the NAND industry was still in its infancy and now supplies hundreds of exabytes, with the market expected to reach $150 billion by 2026. Goeckeler stated that the new phase of the partnership will lead to operational expansion and mutual benefit, expressing excitement about their continued collaboration over the next decade.
Both companies plan to maximize synergies through joint development and investment in 3D flash memory, aiming to strengthen their competitive positions and leadership in the memory field. For further details, please refer to the attached press release.
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