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Kioxia
2026-08-03 01:29:23

Kioxia unveils ¥800 billion buyback and 3-for-1 stock split as shares jump 10%

Kioxia said it will launch a share buyback of up to ¥800 billion and carry out a 3-for-1 stock split after reporting record quarterly revenue and operating profit. The Japanese flash memory maker said demand for SSDs used in AI data centers helped drive the latest results, with quarterly revenue reaching ¥1.767 trillion and operating profit climbing to ¥1.27 trillion. The company plans to repurchase as many as 30 million shares, equal to about 5.5% of shares outstanding, between Aug. 3 and Oct. 30, 2026. It also set a total shareholder return target of around 50% and said recurring dividends are planned from fiscal 2028. Kioxia said the stock split will use Sept. 30, 2026 as the record date and take effect on Oct. 1, with each existing share split into three. The move is intended to improve liquidity and lower the entry threshold for retail investors. ABMedia said Japan’s standard trading lot is 100 shares, and at Kioxia’s current share price of ¥50,250, the minimum purchase amount is about ¥5.025 million before fees and taxes. Despite the record quarter, the company’s figures came in slightly below market expectations, and its cautious outlook has raised questions about the pace of future AI infrastructure demand. Kioxia shares rose 10% on the news, after having fallen more than 60% from their June peak following Bain Capital’s exit and a reduction in Toshiba’s stake to 15.1%.

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Kioxia unveils ¥800 billion buyback and 3-for-1 stock split as shares jump 10%