Movement Alert|KIOXIA HLDGS CORP Rises 6.51% in Regular Trading, 8000 Billion Yen Buyback and Stock Split Plan Continue to Boost Market Confidence

Market Focus08-03

On August 3, KIOXIA HLDGS CORP rose 6.51% in regular trading, trading at $29.93/share, with turnover of $33.8154 million.

On the news front, KIOXIA HLDGS CORP previously announced alongside its earnings release a massive 8000 billion yen stock buyback plan and a 3-for-1 stock split, with capital return intensity exceeding market expectations and continuing to support investor confidence.

On the earnings side, the company reported first fiscal quarter revenue of 1.77 trillion yen, up 415% year-over-year, with net profit surging 4506% to 842.17 billion yen. Looking ahead, management guided second fiscal quarter revenue to grow 35% sequentially to 2.39 trillion yen, citing sustained strong data center AI demand as a key growth driver.

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