Kioxia: Fiscal 4Q25 and FY25 Financial Results

Kioxia Holdings Corp. has produced its 4Q2025 and FY 2025 earnings ended March 31, 2026, without a real press release, it was more a financial document. The full document is available here.The company reported very strong financial results for fiscal year 2026, driven mainly by rising demand for flash memory products used in AI data centers, smartphones, and PCs. Revenue increased 37% YoY to ¥2.34 trillion, while operating profit nearly doubled to ¥870 billion and net profit attributable to shareholders rose to ¥554 billion. The company attributed this growth to significantly higher average selling prices and increased demand for SSD and storage products, especially from generative AI-related infrastructure customers. Cash and cash equivalents also improved substantially to ¥470.7 billion, and shareholder equity increased to ¥1.4 trillion, strengthening the frim’s financial position and improving its equity ratio from 25.3% to 37.9%.

The report also highlights continued investment and restructuring activities. Operating cash flow increased to ¥616.5 billion, although capital expenditures rose due to higher spending on property and equipment for semiconductor production. Financing activities included issuing U.S. dollar-denominated bonds, repaying long-term loans, and redeeming preferred shares as part of a capital restructuring program. Looking ahead, Kioxia forecasts even stronger first-quarter results for fiscal year 2027, expecting revenue and profits to rise further because of sustained demand from AI-focused data centers. The company also announced subsequent events including the acquisition of shares in Nanya Technology Corporation and accelerated repayment of certain loans to improve its capital structure.

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