Toshiba cuts Kioxia stake as memory maker's valuation swings

Toshiba reduced its holding in Kioxia Holdings to 15.1% as of July 15, according to filings reported by <em>Nikkei</em> and <em>Reuters</em>. The change report, submitted to Japan's Kanto Local Finance Bureau on July 23, showed the Japanese conglomerate's stake had fallen from 16.1% in the previous filing on May 11.