Kioxia Holdings Corporation (JP:285A)
:285A
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Kioxia Holdings Corporation
(285A)
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Rating:70Outperform
Price Target:
¥37,257.00
▲(22.03% Upside)
Action:ReiteratedDate:04/11/26
The score is driven primarily by the sharp financial recovery and strong cash flow improvement, partially offset by elevated leverage. Technically, the trend is strong but overbought readings (RSI/Stoch) increase near-term reversal risk. Valuation appears reasonable based on the P/E, with no dividend data available to add support.
Positive Factors
Cash flow strength
Kioxia moved FCF from negative to a large positive increase, with operating cash flow converting at 1.75x of net income and FCF ~0.93x net income. Durable cash generation supports capex for new NAND nodes, funds debt servicing and strategic investments through memory cycles, improving resilience.
Negative Factors
Elevated leverage
A debt-to-equity of 1.35 and modest equity ratio imply material leverage. In a capital-intensive, cyclical industry, elevated debt increases interest burden and refinancing risk, constrains flexibility for fabs/capex, and reduces the company's ability to weather prolonged memory downcycles without trimming investment or raising costly capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash flow strength
Kioxia moved FCF from negative to a large positive increase, with operating cash flow converting at 1.75x of net income and FCF ~0.93x net income. Durable cash generation supports capex for new NAND nodes, funds debt servicing and strategic investments through memory cycles, improving resilience.
Read all positive factors
Kioxia Holdings Corporation (285A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥17.68T
Dividend YieldN/A
Average Volume (3M)19.22M
Price to Earnings (P/E)16.1
Beta (1Y)1.25
Revenue GrowthN/A
EPS GrowthN/A
CountryJP
Employees15,249
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)162.41
Shares Outstanding615,661,560
10 Day Avg. Volume16,419,819
30 Day Avg. Volume19,224,136
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)1.70
Price to Sales (P/S)0.73
P/FCF Ratio4.95
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥34,000.00Price Target Upside11.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)4,853.7
Revenue Forecast (FY)¥5.68T
Kioxia Holdings Corporation Business Overview & Revenue Model
Company Description
Kioxia Holdings Corp. engages in the supervision and management of its subsidiaries that deals with memory storage business. It also handles the formulation of management strategies for the entire group. The company was founded on March 1, 2019 an...
How the Company Makes Money
Kioxia makes money primarily by selling NAND flash memory and NAND-based storage products to device makers and other technology companies. Its main revenue stream comes from the shipment of NAND flash memory (e.g., 3D NAND/"BiCS FLASH") used by cu...
Kioxia Holdings Corporation Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
64
Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.68T | 1.71T | 1.08T | 1.28T | 1.53T | 987.23B |
| Gross Profit | 433.97B | 569.43B | -52.35B | 126.66B | 413.97B | 670.00M |
| EBITDA | 630.97B | 767.76B | 51.11B | 274.54B | 645.95B | 242.33B |
| Net Income | 167.02B | 272.31B | -243.73B | -138.14B | 105.92B | -166.69B |
Balance Sheet | ||||||
| Total Assets | 3.19T | 2.92T | 2.86T | 2.97T | 3.07T | 2.72T |
| Cash, Cash Equivalents and Short-Term Investments | 281.53B | 167.93B | 187.59B | 261.35B | 469.81B | 217.10B |
| Total Debt | 1.30T | 999.52B | 1.29T | 1.27T | 1.25T | 1.27T |
| Total Liabilities | 2.22T | 2.18T | 2.42T | 2.32T | 2.27T | 2.02T |
| Stockholders Equity | 978.50B | 737.57B | 449.63B | 658.07B | 793.86B | 699.15B |
Cash Flow | ||||||
| Free Cash Flow | 133.49B | 252.57B | -109.33B | -167.28B | 151.58B | -193.79B |
| Operating Cash Flow | 426.02B | 476.42B | 195.11B | 339.10B | 549.13B | 159.12B |
| Investing Cash Flow | -225.44B | -173.01B | -274.85B | -498.56B | -400.30B | -355.61B |
| Financing Cash Flow | -94.05B | -322.68B | 3.24B | -50.79B | -93.28B | 157.51B |
Kioxia Holdings Corporation Technical Analysis
Positive
30530.00
Price Trends
22655.10
Positive
17497.23
Positive
11171.95
Positive
Market Momentum
3153.92
Negative
61.56
Neutral
68.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:285A, the sentiment is Positive. The current price of 30530 is above the 20-day moving average (MA) of 25244.00, above the 50-day MA of 22655.10, and above the 200-day MA of 11171.95, indicating a bullish trend. The MACD of 3153.92 indicates Negative momentum. The RSI at 61.56 is Neutral, neither overbought nor oversold. The STOCH value of 68.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:285A.
Kioxia Holdings Corporation Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥321.26B | 8.42 | ― | 2.04% | -0.69% | -29.88% | |
71 Outperform | ¥1.15T | 20.85 | 15.75% | 1.08% | 19.45% | 41.03% | |
70 Outperform | ¥17.68T | 16.09 | ― | ― | ― | ― | |
67 Neutral | ¥4.26T | 15.03 | ― | 1.41% | 7.73% | -1.93% | |
62 Neutral | ¥485.15B | 19.19 | 5.63% | 2.35% | -9.06% | -35.95% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
61 Neutral | ¥2.63T | 52.61 | 7.72% | 0.40% | 5.18% | 3.36% |
* Technology Sector Average
JP:285A
Kioxia Holdings Corporation
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.