Overview
- Reporting results Friday, Kioxia projected April–June operating profit of about ¥1.3 trillion.
- The company guided quarterly net profit of roughly ¥869 billion, more than double the prior three months.
- For the year ended March, it posted net profit of ¥554.49 billion and operating profit of ¥870.37 billion on revenue of ¥2.34 trillion.
- Kioxia said it is preparing to list American depositary shares in the United States to reach more investors.
- Executives cited booming data‑center and AI workloads that lift demand for NAND flash memory chips used to store data.