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Kioxia Holdings Corporation
(285A)
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Rating:64Neutral
Price Target:
¥55,736.00
▼(-0.49% Downside)
Action:Reiterated
Date:08/01/26
The score is primarily supported by strong financial performance from a sharp TTM rebound in growth, margins, and cash generation, alongside improved leverage. Offsetting this are weak technical trends (price below key shorter/intermediate moving averages) and a high P/E multiple with no dividend support, which reduce the overall attractiveness.
Positive Factors
Revenue & profitability rebound
A sharp TTM rebound in revenue and very strong margins reflects improved pricing, product mix and cost absorption. That durability supports multi-month cash generation, stronger ROE and operational leverage that can sustain investment and shareholder returns through the current cycle.
Negative Factors
Cyclicality of NAND markets
Revenue and margins are structurally tied to NAND supply/demand cycles and spot/contract pricing. This recurring cyclicality means strong recent earnings can reverse in 2–6 months if industry oversupply or end-market weakness emerges, pressuring profitability and cash flow.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & profitability rebound
A sharp TTM rebound in revenue and very strong margins reflects improved pricing, product mix and cost absorption. That durability supports multi-month cash generation, stronger ROE and operational leverage that can sustain investment and shareholder returns through the current cycle.
Read all positive factors
Kioxia Holdings Corporation (285A) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥26.16T
Dividend YieldN/A
Average Volume (3M)19.22M
Price to Earnings (P/E)19.0
Beta (1Y)1.82
Revenue Growth132.11%
EPS Growth516.44%
CountryJP
Employees15,249
SectorTechnology
Sector Strength88
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)2529.80
Shares Outstanding548,015,100
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
¥102,571.43Price Target Upside83.13% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering7
EPS Forecast (FY)10,231.77
Revenue Forecast (FY)¥9.95T
Kioxia Holdings Corporation Business Overview & Revenue Model
Company Description
Kioxia Holdings Corporation (285A) is a Japan-based semiconductor company focused on the development, manufacture, and sale of memory and storage products. The company operates primarily in the NAND flash memory and solid-state drive (SSD) segment...
How the Company Makes Money
Kioxia makes money primarily by selling NAND flash memory and NAND-based storage products to business and consumer electronics supply chains. Its core revenue stream is the sale of NAND flash memory (including 3D NAND), which is shipped as discret...
Kioxia Holdings Corporation Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
72
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.76T | 2.34T | 1.71T | 1.08T | 1.28T | 1.53T |
| Gross Profit | 2.32T | 1.01T | 569.43B | -52.35B | 126.66B | 413.97B |
| EBITDA | 2.45T | 1.18T | 767.76B | 51.11B | 274.54B | 645.95B |
| Net Income | 1.38T | 554.49B | 272.31B | -243.73B | -138.14B | 105.92B |
Balance Sheet | ||||||
| Total Assets | 4.73T | 3.69T | 2.92T | 2.86T | 2.97T | 3.07T |
| Cash, Cash Equivalents and Short-Term Investments | 791.01B | 470.71B | 167.93B | 187.59B | 261.35B | 469.81B |
| Total Debt | 837.83B | 1.25T | 999.52B | 1.29T | 1.27T | 1.25T |
| Total Liabilities | 2.33T | 2.29T | 2.18T | 2.42T | 2.32T | 2.27T |
| Stockholders Equity | 2.40T | 1.40T | 737.57B | 449.63B | 658.07B | 793.86B |
Cash Flow | ||||||
| Free Cash Flow | 1.14T | 335.48B | 252.57B | -109.33B | -167.28B | 151.58B |
| Operating Cash Flow | 1.42T | 616.54B | 476.42B | 195.11B | 339.10B | 549.13B |
| Investing Cash Flow | -304.71B | -221.51B | -173.01B | -274.85B | -498.56B | -400.30B |
| Financing Cash Flow | -509.16B | -96.07B | -322.68B | 3.24B | -50.79B | -93.28B |
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 | ¥1.09T | 26.96 | 16.99% | 0.77% | 21.68% | 48.38% | |
72 Outperform | ¥423.43B | 19.43 | ― | 1.61% | -8.82% | 18.33% | |
68 Neutral | ¥432.36B | 35.46 | 5.66% | 1.58% | -3.24% | -36.64% | |
68 Neutral | ¥5.67T | 24.62 | ― | 1.20% | 21.98% | 57.54% | |
64 Neutral | ¥26.16T | 18.98 | ― | ― | 132.11% | 516.44% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
52 Neutral | ¥5.36T | 87.13 | 11.99% | 0.17% | 16.71% | 83.19% |
* Technology Sector Average
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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.