Business · Markets · 2 hrs ago
Kioxia shares fall as quarterly profit outlook disappoints
Kioxia shares fell as much as 15% in Tokyo on November 2 after the company announced its latest outlook.
The Japanese memory-chip maker had just reported record profits for July to September, with net profit of about 1.35 trillion yen.
Kioxia said growing demand for AI was helping its business expand.
For October to December, it forecasts net profit of about 1.36 trillion yen, only slightly above the previous quarter.
That outlook disappointed investors because it offered little quarter-to-quarter growth despite a forecast profit about 15 times higher than a year earlier.
Kioxia also announced its first dividend since listing, distributing 90 yen per share before a stock split, or 30 yen after the split.
The company’s October-to-December results will show whether its strong earnings continue.
Kioxia shares fell sharply in Tokyo on November 2 after its quarterly profit outlook disappointed investors.
The stock briefly dropped 15% to 11,450 yen, compared with the previous business day.
Kioxia forecast net profit of 1.36 trillion yen for October to December, only slightly above the July-to-September result.
The forecast was far higher than a year earlier, but investors focused on its limited growth from the previous quarter.
Kioxia reported record quarterly results for July to September and said AI demand was accelerating growth.
- Who
- Kioxia Holdings and its shareholders.
- What
- Kioxia shares fell after its October-to-December profit outlook disappointed investors.
- When
- November 2, 2026; the company announced its outlook on October 30.
- Where
- Tokyo Stock Exchange.
- Why
- The forecast for quarterly profit was only slightly above the previous quarter, despite a large year-on-year increase.
This story does not have two clearly opposing sides.
Kioxia announced its results and forecast for the October-to-December quarter.
Kioxia shares fell as much as 15% in Tokyo trading, to 11,450 yen.
- Share decline
- As much as 15% on November 2
- Lowest reported price
- 11,450 yen
- October–December net profit forecast
- 1.36 trillion yen
- July–September net profit
- About 1.3486 trillion yen
- July–September revenue
- About 2.48 trillion yen
3 sources
What people are saying
Growth is accelerating further against the backdrop of expanding AI demand
Revenue was a record high
Net profit was also a record high