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TYO:285A

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Asia

Market Chatter: Kioxia Dismisses Prospect of Deeper Manufacturing Ties with SK Hyni

Japan-based semiconductor memory manufacturer Kioxia Holdings (TYO:285A) has dismissed the prospect of deeper manufacturing ties with a rival and stakeholder, SK hynix (KRX:000660), Bloomberg News reported Thursday, citing Chief Executive Hiroo Ota.The two memory chipmakers are expanding production capacity to meet high-order demand from artificial intelligence service providers, fuelling double-and triple-digit price increases.The CEO said deeper ties would face antitrust hurdles and complicate ongoing operations at its jointly owned production facilities with Sandisk Corp.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:000660TYO:285A
Asia

Market Chatter: Kioxia Bets on Advanced Flash Memory to Outflank Chinese Rivals

Kioxia (TYO:285A) plans to leverage enhanced NAND flash memory as a Dynamic Random-Access Memory (DRAM) alternative, Nikkei Asia reported on Friday citing general manager Katsuki Matsudera.The initiative will help Kioxia deepen partnerships with major U.S. tech companies amid rising competition from Chinese manufacturers, the news agency said.Matsudera was speaking at a recent briefing, where Kioxia demonstrated its Compute Express Link (CXL) module, engineered for AI applications to boost NAND processing speeds, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285A
Asia

Market Chatter: SK Hynix Seeks to Deepen Japan Flash Memory Partnerships; No Fixed Plans for Kioxia

SK hynix (KRX:000660) is exploring further cooperation with Japanese customers and suppliers, particularly in the NAND flash market, Bloomberg News reported on Thursday, citing CEO Kwak Noh-Jung.The company has no fixed plans for its indirect Kioxia (TYO:285A) stake, the news wire said, citing Kwak after the groundbreaking of its $4 billion Indiana plant.SK Hynix, the world's second-largest memory chipmaker, holds an indirect stake in Kioxia through its investment in Bain Capital's consortium that acquired the company from Toshiba in 2018.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:000660TYO:285A
Asia

Kioxia and Sandisk Plan Over $31 Billion Investment in Japan Through 2032

Kioxia (TYO:285A) and SanDisk plan to invest more than $31 billion in Japan through 2032, subject to government support, according to a joint statement on Thursday.The investment will support infrastructure expansion at the Yokkaichi and Kitakami plants, aiming to meet growing demand for their flash memory technology.The partnership, which has already invested over $50 billion in Japan over the past 25 years, will leverage AI-enabled smart manufacturing to ensure stable production of advanced 3D flash memory technology.Sandisk CEO David Goeckeler called the investment a prime example of U.S.-Japan economic collaboration, while Kioxia President Hiroo Ota said continued government support is important for the group's global competitiveness.

TYO:285A
Asia

Market Chatter: Kioxia to Build 1 Trillion Yen NAND Flash Memory Production Facility in Northern Japan; Shares Up 5%

Kioxia (TYO:285A) plans to build a NAND flash memory production facility at its Iwate plant in Northern Japan, with an investment that is expected to surpass 1 trillion yen, Nikkei Asia reported Thursday.The facility will be the third building at the Iwate site and is expected to commence operations in 2029 or later, the report said.Kioxia executives are expected to visit the prime minister's office on Thursday to announce construction plans for the new facility. The firm has begun approaching equipment suppliers and may receive subsidies from Japan's Ministry of Economy, Trade and Industry as well, it said.The memory chip maker did not immediately respond to' request for comment.Shares of Kioxia rose over 5% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285A
Asia

YMTC Becomes Third-Largest in NAND Shipments Worldwide, Report Says

China's Yangtze Memory Technologies entered the world's top three in NAND memory shipments for the first time, according to a report from market tracker Counterpoint released Wednesday.YMTC's market share reached 14%, nearly edging out Japan's Kioxia (TYO:285A), according to the report.Samsung Electronics (KRX:005930) is still the number one exporter of NAND devices with a 25% market share worldwide, followed by SK Hynix (KRX:000660) at second place with a 22% share, according to Counterpoint data.Despite YMTC's surge, it came in fifth in terms of revenue, behind U.S.-listed Micron and Kioxia due to its product mix, Counterpoint said.

Shanghai Composite^SZSEKRX:000660KRX:005930TYO:285A
Asia

Kioxia Unveils GP1 Series SSDs for AI Infrastructure

Kioxia (TYO:285A) launched the GP1 Series PCIe 6.0 NVMe SSDs, the first in its new GP line designed for GPU direct access to accelerate AI workloads, according to a statement on Tuesday.The drives can handle up to 10 million data operations per second using KIOXIA's advanced XL-FLASH memory, allowing AI systems to expand storage capacity at a lower cost than adding more high-performance memory.Evaluation samples will be offered to select customers by year‑end, with the product showcased at the FMS conference in Santa Clara this week.The architecture is designed to scale to 100 million IOPS in future generations, offering higher performance, finer data access and lower power use than conventional TLC SSDs.

TYO:285A
Asia

Kioxia Ordered to Pay $229 Million in U.S. Patent Infringement Judgment

A U.S. federal court issued a judgment against Kioxia and Kioxia America on July 31, ordering them to pay $229 million or 36.6 billion yen) in damages to Viasat for patent infringement.The case, originally filed in November 2021, alleged that certain Kioxia products violated one of Viasat's patent claims, according to a Tokyo bourse filing on Monday.Kioxia strongly disagrees with the ruling and plans to pursue post-trial motions and potentially an appeal to overturn the decision.The company has already recorded the full $229 million as litigation loss provisions for the first quarter of fiscal year ending March 2027, while stating the judgment does not affect its ability to serve customers.

TYO:285A
Asia

Japan Earnings Wrap: Renesas, Kioxia Rise; Fanuc, Toto Declines

Japanese stocks reporting earnings traded mixed on Monday, with gains led by computer chip and memory makers while robot and toilet manufacturers declined.Renesas Electronics' (TYO:6723) shares jumped 13% after its attributable profit reached 217.3 billion yen in the first half, reversing a loss a year earlier.The chipmaker's earnings per share were 117.47 yen while revenue increased 26% to 798.7 billion yen.For the nine months ending Sept. 30, Renesas forecasts non-GAAP revenue of 1.200 trillion yen to 1.215 trillion yen.Computer memory manufacturer Kioxia's (TYO:285A) shares climbed nearly 7% after earnings jumped to 842.2 billion yen for the fiscal first quarter.Earnings per share soared to 1,525.09 yen while revenue surged 415.5% to 1.767 trillion yen for the three months ended June 30.For the six months ending Sept. 30, the company expects an attributable profit of 2.112 trillion yen and revenue of 4.157 trillion yen.Fanuc's (TYO:6954) shares plummeted 18% despite fiscal first quarter earnings coming in higher. Attributable net income expanded 35% to 51 billion yen in the three months ended June 30.The industrial robot manufacturer's net income per share rose to 54.63 yen while net sales increased 18% to 231 billion yen.For the fiscal year ending March 31, 2027, Fanuc projects net income attributable to owners of the parent of 198 billion yen, or 212.18 yen per share, with net sales of 948.1 billion yen.Toto's (TYO:5332) shares slid over 9% despite a nearly 10% rise in attributable profit in the first fiscal quarter to 6.91 billion yen.The toilet manufacturer's earnings per share increased to 41.98 yen while net sales edged up 1.7% to 168.6 billion yen.The company expects an attributable profit of 46 billion yen, basic EPS of 279.78 yen, net sales of 785 billion yen, and a total dividend of 120 yen per share for the fiscal year ending March 31, 2027.

TYO:285ATYO:5332TYO:6723TYO:6954
Asia

Kioxia Plans 3-for-1 Stock Split to Lower Investment Unit

Memory chip maker Kioxia (TYO:285A) plans a three-for-one stock split effective Oct. 1, with a record date of Sept. 30, to lower the amount per investment unit and expand the company's investor base.Following the split, total outstanding shares will increase from 548 million to 1.64 billion shares, while total authorized shares will rise from 2.07 billion to 6.21 billion shares, according to a bourse filing on Friday.The company will also partially amend its articles of incorporation to reflect the increase in authorized shares, effective Oct. 1.

TYO:285A
Asia

Kioxia Holdings Profit Rises in Fiscal Q1

Kioxia Holdings (TYO:285A) profit attributable to owners of the parent jumped to 842.2 billion yen for the fiscal first quarter, from 18.3 billion yen a year earlier.Earnings per share soared to 1,525.09 yen from 33.75 yen a year ago, according to a Tokyo bourse filing on Friday.Revenue soared 415.5% to 1.767 trillion yen for the three months ended June 30, from 342.8 billion yen a year earlier.For the six months ending Sept. 30, the company expects an attributable profit of 2.112 trillion yen and revenue of 4.157 trillion yen.

TYO:285A
Asia

Market Chatter: MUFG Overtakes Toyota Motor, Kioxia as Japan's Most Valuable Company with 42 Trillion Yen Valuation

Mitsubishi UFJ Financial Group (TYO:8306) overtook Toyota Motor (TYO:7203) and memory chip manufacturer Kioxia Holdings (TYO:285A) to become the most valuable company in Japan with a total valuation of 42 trillion won, several media outlets reported Monday.The valuation is based on Mitsubishi UFJ Financial Group's stock price movement on Monday, when shares momentarily surged to 3,564 yen per share, rising 103 yen from Friday's close and hitting an all-time high, according to The Japan Times.The valuation surpassed Toyota Motor's roughly 41 trillion yen and Kioxia Holdings' 36.7 trillion yen market valuation, according to Bloomberg News.Shares of Mitsubishi UFJ Financial Group added over 2% at market close, while those of Toyota Motor declined nearly 1%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285ATYO:7203TYO:8306
Asia

Market Chatter: Bain Exits Kioxia with Record AI-Driven Gains

Bain Capital has fully divested its stake in Kioxia (TYO:285A), ending a transformative investment in the Japanese chipmaker, Bloomberg News reported on Wednesday, citing managing partner David Gross.The firm secured unprecedented returns as AI-fueled demand propelled the flash memory manufacturer's stock to surge over 4,500% since its IPO, the news wire said.Gross, in a recent interview, confirmed the exit and described the outcome as highly successful for all parties, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285A
Asia

Market Chatter: Kioxia Begins Shipping Next-Gen AI Memory Chips as CEO Vows Capacity Expansion

Kioxia (TYO:285A) has started sending samples of its new 332-layer 3D flash memory chips to AI data center operators, aiming to capture a larger share of the high-margin market, Bloomberg News reported on Thursday, citing CEO Hiroo Ota.The company claims its 10th-generation chips store 59% more data and offer superior efficiency and speed over its previous flagship model, the news wire said.Following the announcement, Kioxia's shares rebounded from steep losses to climb 9.2%, as Ota affirmed readiness to boost spending on production capacity, the publication said.Ota also emphasized that the company sees no signs of weakening data center demand, reinforcing its aggressive growth stance, the report said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285A
Asia

Market Chatter: Kioxia Plans 2027 US Share Offering, Domestic Split to Widen Investor Base

Kioxia (TYO:285A) plans to list U.S. depositary shares by mid-2027 and split its domestic stock to attract more investors amid surging AI-driven demand for memory chips, Bloomberg News reported on Thursday, citing CFO Yoshihiko Kawamura.The NAND supplier, now Japan's most valuable firm by market capitalization, has seen its shares skyrocket nearly 900% this year, buoyed by strong industry results, the newswire said.Kawamura told a recent shareholders meeting that a direct U.S. listing would broaden their investor base, while a stock split would lower the high cost of entry for local retail buyers, the publication said.Kioxia didn't immediately respond to MT Newswire's request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:285A
Asia

Market Chatter: AI Boom Propels Kioxia Past Toyota as Japan's Most Valuable Firm; Kioxia Shares Jump 9%

Driven by the global surge in artificial intelligence, chipmaker Kioxia (TYO:285A) has overtaken Toyota (TYO:7203) to be Japan's largest company by market value, Bloomberg News reported on Saturday.Following a 7.6% jump in its shares, Kioxia's valuation exceeded 44 trillion yen on Friday, while Toyota closed at 43.8 trillion yen, the news wire said.This change reflects a rising investor appetite for semiconductor companies, fueled by strong demand for AI data center chips, the publication said.Kioxia's stock has skyrocketed more than 670% this year, making it the top performer on a major global index, the report said.Kioxia shares jumped over 9% in morning trade Monday.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Kioxia Seeks to Regain NAND Edge Against Rivals Like Samsung

Kioxia (TYO:285A) is seeking to recover lost market share by commercializing a new technology ahead of its competitors such as Samsung Electronics (KRX:005930), Nikkei Asia reported Tuesday, citing the company's engineer.The plan comes as rising demand for data center memory extends to NAND flash chips, the report said.The company is set to hold its first investor strategy briefing in a year on Tuesday, where Kioxia is expected to outline its technology roadmap, according to Nikkei.While Kioxia's predecessor Toshiba, pioneered vertical stacking technology for NAND in 2007, the company has recently lagged behind rivals in layer counts-its main products still use 218 layers, compared to SK Hynix's (KRX:000660) 300-plus-layer chip unveiled in summer 2023, the publication said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:000660KRX:005930TYO:285A
Asia

Japanese Shares Hit Record Highs Led By Tech Stocks

Japanese shares crossed a record high of 67,000 in Monday's trade to close higher, tracking Asian peers that also posted gains driven by optimism over investments in artificial intelligence.The Nikkei 225 pared early gains to close up 604.83 points or 0.9% at 66,934.33.The focus on technology stocks helped overcome caution around the slow progress in the negotiations for a peaceful resolution of the ongoing geopolitical tensions in Iran.The gains were led by the SoftBank Group (TYO:9984), the investment company that focuses heavily on AI, closing up over 14% after extending its gains from last week. The surge in the company's share price on Monday helped SoftBank to push its market capitalization to over 47 trillion yen, making it the most valuable company on the Tokyo exchange for the first time in over two decades.It was also reported that on Sunday, SoftBank Group (TYO:9984) has committed to developing and operating 5 gigawatts of artificial intelligence data center capacity in France, with a pledge to invest up to 75 billion euros.Also, Japanese technology group Kioxia Holdings Corp (TYO:285A) closed higher by over 10%.In other corporate news, Kansai Electric Power (TYO:9503) plans to build new liquefied natural gas-fired plants as part of a broader push to increase generating capacity by about 30% by fiscal 2040, Nikkei Asia reported Monday, citing President Nozomu Mori.Also, Shionogi & Co's (TYO:4507) has received the US Food and Drug Administration's approval for its Xocova or ensitrelvir as the first and only oral antiviral for post-exposure prophylaxis of COVID-19 in individuals aged 12 and older, according to a Tokyo bourse filing on Monday.

Nikkei 225TYO:285ATYO:9503TYO:9984
Asia

Fitch Upgrades Kioxia to BBB- on Financial Profile Boost

Fitch Ratings raised Kioxia Holdings' (TYO:285A) issuer default rating to BBB- from BB+, with a stable outlook, according to a Monday release.The rating action considers the boost in the Japanese company's financial profile on a mid-cycle basis given improved operating performance, solid cash generation, and reduced funding costs after refinancing its debt, Fitch said.The company has shown strong EBITDA profitability, resulting to positive free cash flow generation and EBITDA leverage kept at under 0.5x, the rating agency said.The company now has improved capacity to weather volatility in the NAND memory semiconductor cycle, Fitch said.The rating reflects the company's major position in the NAND industry, driven by advanced technological capability, resilient cost competitiveness, and high barriers to entry.Notable shifts in the company's market share, profit margin, EBITDA leverage, and cash flow could prompt future rating actions.

TYO:285A
Asia

Kioxia Holds Market Value Above 30 Trillion Yen to be Japan's Fourth-Largest Listed Firm; Shares Up 3%

Kioxia Holdings (TYO:285A) held its market value steady at over 30 trillion yen on Friday, making it the fourth-largest listed company in Japan by market capitalization.The stock rose more than 3% above Thursday's closing price.Kioxia recently posted profit attributable to owners of 554.5 billion yen for the fiscal year 2025, a 104% increase from 272.3 billion yen a year earlier.For the fiscal first quarter ending June 30, the company expects attributable profit to jump nearly 50 times more to 869 billion yen from just 18.3 billion yen a year ago.

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