Kioxia Holdings Corp. has projected an operating profit of 1.89 trillion yen ($11.78 billion) for the July-September quarter, driven by surging demand for memory chips linked to artificial intelligence investments.
The forecast highlights the sustained momentum in the semiconductor sector as data center expansion and AI workload requirements continue to support pricing and volume for high-performance memory solutions.
The company's guidance reflects a robust environment for NAND flash memory manufacturers, with AI-related applications increasingly accounting for a larger share of total demand.
This shift has helped offset broader cyclical pressures that have historically weighed on the memory market, allowing producers to maintain strong margins despite fluctuating consumer electronics demand.
Kioxia's outlook comes as the company prepares for a new listing in the United States, scheduled for the spring, alongside a planned stock split in Japan.
The dual-listing strategy aims to broaden the shareholder base and increase liquidity for the Tokyo-based firm, which has been working to enhance its global market presence following its spin-off from Toshiba.