*Kioxia net profit drops 74% annually in 2Q25 due to slow NAND flash market recovery*
Kioxia announced a substantial drop in revenue and profits for the second quarter of 2025, primarily driven by sluggish sales of NAND flash memory for smartphones and PCs, as well as the strengthening Japanese yen. The company reported revenue of JPY342.7 billion (US$2.32 billion), down 20% year-on-year, while operating profit fell 64% to JPY44.8 billion. Net profit plunged sharply by 74% to JPY18.2 billion.
Source: DigiTimes
Submitted August 11, 2025 at 10:56AM by NewMaxx via reddit ift.tt/hxGOkdw
Kioxia announced a substantial drop in revenue and profits for the second quarter of 2025, primarily driven by sluggish sales of NAND flash memory for smartphones and PCs, as well as the strengthening Japanese yen. The company reported revenue of JPY342.7 billion (US$2.32 billion), down 20% year-on-year, while operating profit fell 64% to JPY44.8 billion. Net profit plunged sharply by 74% to JPY18.2 billion.
Source: DigiTimes
Submitted August 11, 2025 at 10:56AM by NewMaxx via reddit ift.tt/hxGOkdw