Kioxia expects third-quarter operating profit of ¥2 trillion, below market expectations.

October 30 - Kioxia expects third-quarter operating profit of ¥2 trillion, below the market expectation of ¥2.35 trillion; it expects operating profit of ¥5.26 trillion for the first nine months, with net profit of ¥3.56 trillion.

In addition, the company plans to pay an interim dividend of ¥90 per share. The financial report shows that Kioxia's second-quarter operating profit was ¥1.99 trillion, above the market expectation of ¥1.95 trillion; net profit was ¥1.36 trillion, slightly below the market expectation of ¥1.37 trillion.