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Kioxia Holdings Corp. announced on July 24 a net profit of 842.17 billion yen ($5.2 billion) for the three months through June, a 46-fold year-on-year increase, driven by strong sales of memory chips to data centers as AI demand soars. The company's flagship NAND flash memory products exceeded market expectations, and it plans to expand capacity to meet rising AI and cloud computing needs.
Japan's Kioxia posted a net profit of ¥554.5 billion in fiscal 2025, doubling the figure from the prior year, as demand for NAND flash chips soared. Revenue jumped 42% to over ¥2.1 trillion, with the company citing strong demand from data centers and consumer electronics. Kioxia is investing heavily in next-gen production to meet AI and storage growth.
Kioxia Holdings Corp. reported a net profit of 554.49 billion yen ($3.5 billion) for fiscal 2025, more than double the previous year. The surge was driven by robust memory chip sales to data centers, fueled by the AI boom.
Kioxia Holdings forecasts a record net profit of ¥869 billion for the April–June quarter of fiscal 2025, driven by robust demand in data centers and consumer electronics, along with improved production efficiency. The company expects revenue to increase 1.2 times year-on-year to around ¥4.5 trillion, with operating profit reaching ¥1.2 trillion. Analysts attribute the strong outlook to a global memory chip recovery and NAND flash price gains of 15–20%.
