Kioxia Holdings shares fell 17.1% during trading on the 2nd, closing below the previous trading day's closing price.
Original headline2일 장중 17.1% 하락한 키오시아홀딩스 주가, 전 거래일 종가 밑돌아
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Kioxia Holdings (285A) shares fell as much as 17.1% intraday on the Tokyo Stock Exchange on December 2, touching ¥11,165 at 10:59 a.m., below the October 30 close of ¥13,470, with the stock quoted at ¥11,565, down 14.14%, as of 11:10 a.m. per SBI Securities data. The selloff followed the company's November 30 guidance (announced 6:45 p.m. KST, October 30) for fiscal Q2 ending March 2027, projecting October–December revenue of ¥2.5 trillion, IFRS operating profit of ¥1.995 trillion, and non-GAAP operating profit of ¥2 trillion. Bloomberg consensus had pegged operating profit at ¥2.35 trillion, meaning the guidance fell short of market expectations. The miss matters because Kioxia's valuation is highly sensitive to NAND memory pricing and earnings momentum, and the sharp gap-down signals investors are repricing near-term profitability. Watch for the official closing price on December 2, any management commentary on NAND demand and pricing, and whether the stock stabilizes or extends losses in subsequent sessions.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Kioxia Holdings, Tokyo Stock Exchange, SBI Securities