Bain Capital Exits Kioxia, SK Hynix Becomes De Facto Second-Largest Shareholder

Bain Capital sells Kioxia stake for ~2.5T yen profit; Toshiba regains top spot at 15%, while SK Hynix holds ~14% via convertible bonds pending antitrust clearance.

Woofun AI reports that Bain Capital is exiting its position in Japanese memory chip maker Kioxia, realizing approximately 2.5 trillion yen in profits. Following this divestment, Toshiba reclaims the status of largest shareholder with a 15% stake. SK Hynix has emerged as the de facto second-largest shareholder, controlling roughly 14% through convertible bonds held by a special purpose company. These bonds were initially funded with 395 billion yen, and SK Hynix has committed to capping its voting rights at 15% until 2028. Formal voting rights remain suspended until antitrust reviews are completed across relevant jurisdictions.