# Kioxia shares face margin-buying risks

> Kioxia shares drop as margin traders face losses from overbought positions.
- Title: Kioxia shares face margin-buying risks · The Japan Times
- Summary: Kioxia shares drop as margin traders face losses from overbought positions. Kioxia shares face downward pressure after margin buying surged to ¥920 billion…
- Keywords: kioxia, margin buying, tokyo stock exchange, nand flash memory, artificial intelligence servers, japan, news, politics, world, shares, face, margin-buying
- Source: The Japan Times — https://japantimes.co.jp/business/2026/10/19/companies/kioxia-downward-pressure
- Author: Kentaro Tsutsumi
- Published: 2026-10-19T03:05:00+00:00
- Read time: 1 min
- Topics: kioxia, margin buying, tokyo stock exchange, nand flash memory, artificial intelligence servers, japan, news, politics, world
## Kioxia shares face headwinds
Kioxia Holdings shares face further downward pressure due to margin buying gone wrong.
## Margin positions hit ¥920 billion
Outstanding leveraged long positions in Kioxia totaled about ¥920 billion ($5.8 billion) as of Oct. 15.
## Trading activity declines
Kioxia trading activity has declined with turnover dwindling by 84% from peak to ¥766 billion.
## Analyst warns of risks
Matsui Securities chief market analyst Tomoichiro Kubota says margin buying has become extremely bloated.

> The problem is that margin buying has become extremely bloated
## Risk of deeper fall
Retail investors could be forced to dump shares as margin deadlines approach.
## Key takeaway

Kioxia shares face downward pressure after margin buying surged to ¥920 billion ($5.8 billion) on Tokyo Stock Exchange.