Kioxia Posts Q4 Operating Profit of 596.8B Yen, Beats Estimates by 15%

Japan's memory chipmaker Kioxia reported fourth-quarter operating profit of 596.8 billion yen, exceeding market expectations of 519.3 billion yen. Q4 net profit reached 407.73 billion yen versus an estimate of 358.21 billion yen, while net sales totaled 1 trillion yen against projected 920.9 billion yen.

For the first quarter, Kioxia guided operating profit to 1.3 trillion yen, significantly above the market estimate of 874.09 billion yen. Guided net profit is 869 billion yen versus expected 612.71 billion yen, with projected net sales of 1.75 trillion yen compared to market expectation of 1.33 trillion yen.