Kioxia Holdings shares temporarily fell to ¥11,135, their lowest level in six and a half months. Disappointing selling was triggered by the October–December profit forecast, which was flat from the previous quarter.
Kioxia Holdings shares temporarily fell 17% from the previous business day to ¥11,135 on the Tokyo market, hitting a six-and-a-half-month low. Market attention focused on the October–December earnings forecast announced by the company.
IFRS net income for the October–December quarter is expected to be ¥1.36 trillion, approximately 15 times the year-earlier level, but only slightly higher than in the July–September quarter. This is believed to have intensified market disappointment. Revenue is reportedly expected to reach ¥2.5 trillion.