StocksMedium•31 October 2026•
1 min read
Kioxia Shares Plunge 13% on Weak Profit Outlook Despite Inaugural Dividend
Key Facts
1Kioxia shares fell 13% after the company declared its first-ever interim dividend of 90 yen per share.
2The company projected operating profit for the October-December 2026 period below market consensus.
Kioxia Holdings Corp shares plummeted 13% after the company projected operating profit for the October-December 2026 period below market consensus. Ad-hoc-news reported that the sell-off occurred despite the company declaring its first-ever interim dividend of 90 yen per share.
The stock 285A.T closed at 13,470 yen on October 30, 2026, as investor focus shifted toward decelerating NAND flash memory pricing. While the company reported an operating profit of 1,994.7 billion yen for the July-September quarter, its guidance for the final quarter of the year stands at approximately 1,995 billion yen, which Daiwa analysts noted is significantly below expectations due to sluggish demand in the smartphone and PC sectors.