Announcement
Kioxia Holdings (TYO:285A) announced its financial results for the April‑June quarter 2026, reporting revenue of 1.77 trillion yen (approximately US$11 billion), which represents a more‑than‑five‑fold increase compared with the same quarter a year earlier.
Operating profit climbed to 1.27 trillion yen from 44.9 billion yen a year earlier, and net profit attributable to shareholders rose sharply to 842.2 billion yen from 18.3 billion yen in the prior year.
The company attributed the surge to higher average selling prices for flash memory driven by strong demand from AI‑focused data centres, increased bit shipments and a weaker Japanese yen. Demand from smartphone and PC customers was reported as stable, while AI server demand continued to expand.
Market Reaction
Following the earnings release, Kioxia’s Tokyo‑listed shares closed 17.7 % higher at 46,500 yen.
Stock Split
The board approved a 3‑for‑1 stock split effective 1 October 2026, intended to lower the per‑share investment amount and broaden the shareholder base. In conjunction with the split, the board authorized an increase in the company’s authorized share capital and approved the establishment of a treasury‑share acquisition facility to enhance capital efficiency and shareholder returns.