Kioxia surges over 23% in off-exchange trading on plan for 48-fold net profit increase in April-June quarter
Kioxia Holdings <285A> surged in off-exchange trading on the proprietary trading system (PTS) operated by Japannext Securities. The stock jumped more than 23% at one point compared to its Tokyo Stock Exchange closing price of 44,450 yen on the 15th, reaching the 55,000 yen level. After the market closed on the 15th, the company announced its consolidated financial results for the fiscal year ending March 2026 and its earnings forecast for the first quarter (April-June) of the fiscal year ending March 2027. For the April-June quarter, the company projected sales of 1,750 billion yen, 5.1 times the previous year's level, and net profit of 869 billion yen, approximately 48 times the year-earlier figure. Kioxia shares had plunged during regular trading on the 15th ahead of the earnings announcement, but the significant profit growth plan appears to have been well received.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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