Overview
- Kioxia forecasted net profit of ¥869 billion for the April–June quarter, with revenue of ¥1.75 trillion and operating profit of ¥1.298 trillion.
- Investors rushed to buy the stock after the outlook, leaving shares briefly untraded on buy orders and up more than 300% this year.
- Kioxia said NAND flash prices more than doubled in the March quarter and should keep rising this year because supply is tight.
- The company is discussing multi‑year supply deals with large AI data center customers for 2027 and 2028, and it plans to outline shareholder‑return measures next month.
- Kioxia is preparing a U.S. listing of American depositary shares, while some analysts now see its fiscal 2026 operating profit approaching ¥4 trillion, a level that would challenge Japan’s corporate leaders; NAND chips store data for AI accelerators like Nvidia’s, which helps explain the surge in demand.