KKR announced it will sell its remaining 10.57% stake in Kokusai Electric, completing its exit from the semiconductor equipment maker.
Kokusai Electric shares dropped up to 7% to ¥6,131.0 by 04:32 GMT on Wednesday, reflecting market reaction to the news.
The sale follows KKR’s earlier stake reductions after the company’s October 2023 IPO and comes amid strong AI‑linked chip demand.