Bain Executive Says Kioxia Could Not Have Emerged Without Toshiba Deal

Yuji Sugimoto, who oversaw the acquisition, argues that the memory manufacturer required autonomy to expand

Yuji Sugimoto, Bain Capital’s Japan representative, spearheaded the acquisition of the firm that later became Kioxia from Toshiba in 2018. (Source photos by Nikkei)

TOKYO — Kioxia Holdings, a memory-chip maker, attained the status of Japan’s largest company by market capitalization in June, a stark contrast to its previous role as a division of the industrial conglomerate Toshiba.

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