Kioxia hits daily limit high on strong Q1 earnings forecast

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Mon May 18, 2026 9:50 am JST Catalyst

Kioxia Holdings <285A> shares surged to their daily limit high of 51,450 yen in buy-heavy trading after the company announced following the market close on May 15 its consolidated earnings results for the fiscal year ended March 2026 and its first-quarter forecast. For the April-June period, the company expects sales to jump 5.1-fold year-on-year to 1.75 trillion yen, and net income to surge roughly 48-fold to 869 billion yen. The blowout forecast beat market expectations, sparking a strong rebound after the stock had slumped ahead of the announcement.

The company expects sustained robust demand from data centers during the April-June quarter. Sales are projected to rise 74.5% from the preceding January-March quarter, with net income increasing 2.1-fold. The company forecast no interim dividend for the fiscal year ending March 2027, while the year-end payout remains undecided.

For the fiscal year ended March 2026, sales rose 37.0% year-on-year to 2.34 trillion yen, and net income doubled to 554.49 billion yen. Driven by higher memory prices, both sales and profits beat the upper end of its previous guidance. Concurrently, the company announced preparations for an American Depositary Shares (ADS) listing on a U.S. stock exchange.

Source: MINKABU PRESS

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