Kioxia: Third-quarter net profit below expectations

Gelonghui, February 12th｜Japanese storage giant Kioxia reported a net profit of 87.81 billion yen for the third fiscal quarter, while the market expectation was 100.41 billion yen. Net sales amounted to 543.63 billion yen, compared to the market expectation of 557.86 billion yen. Kioxia expects full-year operating profit to be between 709.57 billion yen and 799.57 billion yen, with the market expectation at 525.47 billion yen; full-year net profit is projected to be between 453.76 billion yen and 513.76 billion yen, with the market expectation at 320.75 billion yen; full-year net sales are expected to range from 2.18 trillion yen to 2.27 trillion yen, while the market expectation is 2 trillion yen.