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Kioxia Forecasts April-June Net Profit of 869B Yen, Up 47-Fold on AI-Driven Chip Demand

GateNews
AI Industry News
According to Jin10, on May 16, Japanese chipmaker Kioxia forecast net profit of 869 billion yen (approximately $5.7 billion) for the April-to-June quarter, representing a 47-fold increase year-over-year, driven by rising data center and semiconductor demand. The NAND flash memory producer also reported that net profit for the fiscal year ending March surged more than double to 554.9 billion yen, marking the second consecutive year of record-high earnings. CEO Hiroo Ota stated that strong flash memory market demand is expected to persist as AI becomes part of social infrastructure, with NAND demand anticipated to exceed supply through 2027.
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