Armoroid Q1 Net Profit Falls Short of Market Expectations

BlockBeats News, July 31, Kioxia's first-quarter operating profit was ¥1.27 trillion, compared to ¥44.9 billion in the same period last year, with a market estimate of ¥1.37 trillion. First-quarter net profit was ¥842.17 billion, compared to ¥18.28 billion in the same period last year, with a market estimate of ¥973.81 billion. The operating profit for the April to September period is expected to be ¥3.16 trillion.

Kioxia will undergo a 1-for-3 stock split and has announced a stock buyback plan. The plan is to repurchase up to 30 million shares, representing 5.5% of the total issued shares. The maximum repurchase amount is set at ¥800 billion.