Komori
Occurring Fact285AKioxia Holdings CorporationElectrical Equipment and Precision Instruments

Notice Regarding the Judgment in Litigation Against Our Subsidiary

The U.S. District Court for the Western District of Texas issued a judgment ordering two Kioxia subsidiaries to pay approximately US$229 million in damages for patent infringement. The Company recognized the same amount as a provision for litigation losses in the first quarter of the fiscal year ending March 2027.

Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Deterioration
Direction inferred from the company’s description.
Scale
229
US$ millions (approximately ¥36.6 billion)
Wording
Conditional
How definitive the wording is.

Judgment in litigation against a subsidiary

Subject Entity

Kioxia Corporation and Kioxia America, Inc.

Target Locations / Products

Some of the Group's products (specific product names: Not disclosed)

Occurrence31 July 2026 (U.S. time; date of judgment)
Same day
Litigation / administrative action31 July 2026 (U.S. time; date of judgment) / Date filed: 29 November 2021 (U.S. time)
This disclosure08/03/2026
Cause

The court ordered the payment of damages based on a jury verdict in litigation alleging that some of the Group's products infringed one claim of a patent held by Viasat, Inc.

Related procedures

Type

Judgment in patent infringement litigation

Court or authority

United States District Court for the Western District of Texas

Plaintiff

Viasat, Inc.

Defendant

Kioxia Corporation and Kioxia America, Inc.

Claim amount / surcharge amount

Approximately US$229 million (approximately ¥36.6 billion) in damages

Amount of Impact on Business Performance

Approximately US$229 million (approximately ¥36.6 billion), recognized as a provision for litigation losses

Accounting period in which recognized

First quarter of the fiscal year ending March 2027

Outlook

The Company will take all available legal measures, including filing an appeal if necessary. The provision of products and services will continue.

Planned follow-up disclosure

The Company will make timely disclosure if any matter requiring disclosure arises in the future.

Event that occurred
ItemDetails
Event nameJudgment in litigation against a subsidiary
Date of occurrence31 July 2026 (U.S. time; date of judgment)
Subject EntityKioxia Corporation and Kioxia America, Inc.
Target Locations / ProductsSome of the Group's products (specific product names: Not disclosed)
CauseThe court ordered the payment of damages based on a jury verdict in litigation alleging that some of the Group's products infringed one claim of a patent held by Viasat, Inc.
Amount of Impact on Business PerformanceApproximately US$229 million (approximately ¥36.6 billion), recognized as a provision for litigation losses
Accounting period in which recognizedFirst quarter of the fiscal year ending March 2027
Type of litigation or proceedingJudgment in patent infringement litigation
Court or authorityUnited States District Court for the Western District of Texas
PlaintiffViasat, Inc.
DefendantKioxia Corporation and Kioxia America, Inc.
Date of filing / date of action31 July 2026 (U.S. time; date of judgment) / Date filed: 29 November 2021 (U.S. time)
Claim amount / surcharge amountApproximately US$229 million (approximately ¥36.6 billion) in damages
OutlookThe Company will take all available legal measures, including filing an appeal if necessary. The provision of products and services will continue.
Planned follow-up disclosureThe Company will make timely disclosure if any matter requiring disclosure arises in the future.
Items this document does not state (10)
Date recognized / date notice receivedImpact on Earnings ForecastAmount of receivables at risk of non-collection or delayed collectionSuspended operationsScheduled resumption dateInvestigation structureMeasures to prevent recurrenceDirectors' and officers' liabilityVoting rights ownership percentage before the changeVoting rights ownership percentage after the change

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

The U.S. District Court for the Western District of Texas, based on a jury verdict, ordered two subsidiaries to pay damages on the grounds that some of the Group's products infringe one claim of a patent held by Viasat, Inc.

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Notice Regarding the Judgment in Litigation Against Our Subsidiary | Kioxia Holdings Corporation (285A) timely disclosure | Komori