Kioxia Holdings shareholders are urging the company to increase employee bonuses to retain talent. Investors highlighted the need to share record gains fueled by the global chip boom during the annual general meeting.
The proposal draws parallels to compensation disputes at South Korean competitors Samsung and SK hynix. SK hynix recently agreed to allocate a significant portion of its operating profit to employee payouts.
Kioxia’s recent performance surge has made it Japan’s most valuable listed company. Approximately 600 employees currently hold stock options granted in 2018. These options carry unrealized gains averaging over 1 billion yen per person.