Kioxia (285A JT) says not source of report on ADR listing and that listing method still undecided

The operative phrase is that the listing method remains undecided, which keeps a US listing live while withholding confirmation of the mechanism, whether ADR issuance, a full US listing, or retention of the Tokyo primary line alone. Kioxia's situation has its own particular texture given the private equity anchor shareholder and the long-running history of strategic manoeuvring around the memory business, where leaks and partial denials have repeatedly preceded actual corporate action. The distinction that matters for holders of the Tokyo line is whether a US listing would be incremental capital raising or a venue shift that dilutes domestic liquidity, two outcomes that have played out very differently in comparable Japanese tech listings. Worth watching are any follow-on clarifications, exchange filings, and whether the controlling shareholder's exit intentions resurface, since ADR structures have historically served as a staging route for monetisation rather than fresh issuance. Until a method is named, the story is positioning rather than event.