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Kioxia (285A.JP) Posts Record Operating Profit in Last Fiscal Quarter, Prepares for US Listing
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Japanese NAND flash memory maker Kioxia (285A.JP) said that, driven by a global memory chip shortage that pushed NAND flash prices to record highs, its operating profit for the fourth fiscal quarter ended March surged more than 3x QoQ to a record JPY596.8 billion, exceeding market expectations. Kioxia expects operating profit for 1Q26 to reach JPY1.3 trillion (approximately USD8.2 billion), surpassing analysts average forecasts. The company said it will seek a US listing and plans to issue American Depositary Shares (ADS). (mn/u) Auto-translated by AI This article was automatically translated by AI, the original language version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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