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Kioxia Holdings Corporation
(285A)
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Rating:60Neutral
Price Target:
¥65,216.00
▲(113.61% Upside)
Action:Reiterated
Date:07/08/26
The score is driven primarily by improving financial performance (profitability and cash flow rebounding strongly), tempered by ongoing balance-sheet leverage and cyclical earnings volatility. Technicals are mixed—longer-term trend support but weaker near-term price action and muted momentum. Valuation is a key constraint due to the high P/E with no dividend yield provided.
Positive Factors
Revenue & Profit Recovery
Kioxia's sharp revenue re-acceleration and swing to significant net profits across 2025–2026 demonstrate strong demand for its NAND products and operating leverage. Sustained high utilization and margin recovery can fund reinvestment and improve long-term competitiveness if industry demand endures.
Negative Factors
Elevated Leverage
Leverage remains above average for a cyclical hardware business, leaving the company more exposed to margin or demand downturns. Elevated debt limits financial flexibility, increases interest obligations and constrains the pace of deleveraging or strategic M&A during weaker industry periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Profit Recovery
Kioxia's sharp revenue re-acceleration and swing to significant net profits across 2025–2026 demonstrate strong demand for its NAND products and operating leverage. Sustained high utilization and margin recovery can fund reinvestment and improve long-term competitiveness if industry demand endures.
Read all positive factors
Kioxia Holdings Corporation (285A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥33.99T
Dividend YieldN/A
Average Volume (3M)19.22M
Price to Earnings (P/E)60.7
Beta (1Y)1.55
Revenue Growth36.99%
EPS Growth101.75%
CountryJP
Employees15,249
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)1023.79
Shares Outstanding547,242,700
10 Day Avg. Volume16,419,819
30 Day Avg. Volume19,224,136
Financial Highlights & Ratios
PEG Ratio0.19
Price to Book (P/B)7.38
Price to Sales (P/S)4.42
P/FCF Ratio30.79
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥106,857.14Price Target Upside250.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)9,806.61
Revenue Forecast (FY)¥9.62T
Kioxia Holdings Corporation Business Overview & Revenue Model
Company Description
Kioxia Holdings Corp. primarily oversees and manages its various group companies, all of which operate within the memory storage sector. The corporation is also tasked with developing and implementing the overarching strategic plans for the entire...
How the Company Makes Money
Kioxia makes money primarily by selling NAND flash memory and NAND-based storage products to electronics and infrastructure supply chains. Its main revenue stream is the sale of NAND flash memory (as memory components and/or packaged products) tha...
Kioxia Holdings Corporation Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
58
Neutral
Cash Flow
69
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.34T | 1.71T | 1.08T | 1.28T | 1.53T |
| Gross Profit | 1.01T | 569.43B | -52.35B | 126.66B | 413.97B |
| EBITDA | 1.18T | 767.76B | 51.11B | 274.54B | 645.95B |
| Net Income | 554.49B | 272.31B | -243.73B | -138.14B | 105.92B |
Balance Sheet | |||||
| Total Assets | 3.69T | 2.92T | 2.86T | 2.97T | 3.07T |
| Cash, Cash Equivalents and Short-Term Investments | 470.71B | 167.93B | 187.59B | 261.35B | 469.81B |
| Total Debt | 1.25T | 999.52B | 1.29T | 1.27T | 1.25T |
| Total Liabilities | 2.29T | 2.18T | 2.42T | 2.32T | 2.27T |
| Stockholders Equity | 1.40T | 737.57B | 449.63B | 658.07B | 793.86B |
Cash Flow | |||||
| Free Cash Flow | 335.48B | 252.57B | -109.33B | -167.28B | 151.58B |
| Operating Cash Flow | 616.54B | 476.42B | 195.11B | 339.10B | 549.13B |
| Investing Cash Flow | -221.51B | -173.01B | -274.85B | -498.56B | -400.30B |
| Financing Cash Flow | -96.07B | -322.68B | 3.24B | -50.79B | -93.28B |
Kioxia Holdings Corporation Technical Analysis
Neutral
30530.00
Price Trends
73480.60
Negative
49565.85
Positive
30521.62
Positive
Market Momentum
-2625.95
Positive
39.17
Neutral
25.50
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:285A, the sentiment is Neutral. The current price of 30530 is below the 20-day moving average (MA) of 83803.50, below the 50-day MA of 73480.60, and above the 200-day MA of 30521.62, indicating a neutral trend. The MACD of -2625.95 indicates Positive momentum. The RSI at 39.17 is Neutral, neither overbought nor oversold. The STOCH value of 25.50 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥1.30T | 32.60 | 15.75% | 1.08% | 18.84% | 42.10% | |
72 Outperform | ¥441.75B | 19.05 | ― | 2.04% | -8.82% | 18.33% | |
68 Neutral | ¥507.51B | 38.82 | 5.63% | 2.35% | -3.24% | -36.64% | |
66 Neutral | ¥4.88T | 76.28 | 7.72% | 0.40% | 12.66% | 89.11% | |
64 Neutral | ¥5.85T | 29.03 | ― | 1.41% | 13.61% | 17.02% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
60 Neutral | ¥33.99T | 60.67 | ― | ― | 36.99% | 101.75% |
* Technology Sector Average
JP:285A
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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.