Armor Hero Q1 Net Profit Falls Short of Market Expectations

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.

Kioxia will undergo a 1-for-3 stock split and has announced a stock buyback plan.