Kioxia plans 48-fold rise in net profit for April-June on strong data center demand

Kioxia Holdings <285A> announced its results for the fiscal year ended March 2026 and its earnings forecast for the first quarter (April-June) of the fiscal year ending March 2027 after the market close on the 15th. For the April-June period, the company expects sales of 1.75 trillion yen, 5.1 times the previous year's level, and net profit of 869 billion yen, approximately 48 times the year-earlier figure.

For the April-June quarter, Kioxia anticipates continued robust demand from data centers. Sales are projected to increase 74.5% from the January-March quarter, while net profit is expected to more than double at 2.1 times the previous quarter's level. The company set its interim dividend forecast for the fiscal year ending March 2027 at zero, while the year-end dividend forecast remains undecided.

For the fiscal year ended March 2026, sales rose 37.0% year-on-year to 2.337628 trillion yen, while net profit doubled to 554.49 billion yen. Driven by higher memory prices, both sales and profit figures exceeded the upper end of the previous forecast range. Additionally, the company announced it is preparing to list American Depositary Shares (ADS) on a U.S. stock exchange.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.