Kioxia Holdings Corporation

¥8,511As of Sun 8 Nov 2026, 12:00 UTC

TSE:285ATechnology

Country Japan

PE (Fwd) •••

TSR 10Y CAGR —

Div yield 1.06%

ROE —

Semiconductors

Beta (5Y) —

PE TTM 5.226

TSR TTM 136.27%

Mkt cap ¥13.60T

ROIC 116.10%

SE Grade™

—

Value

Quality

Moat

Consensus

Reference

¥9,078

6.66%

(14.99%)

Hold 6|8|1|3|0

TTM

FYE 31 Mar JPY

FY2017

FY2018

FY2019

FY2020

FY2021

FY2022

FY2023

FY2024

FY2025

FY2026

FY2027E

Trend

10Y

Peers

376.2

Revenue¥B

3,634

3,735

3,883

4,064

4,321

4,464

4,591

4,776

4,906

5,157

391.1

3.60%

4.15%

8.89

Revenue growth%

24.64

24.61

25.49

23.22

21.91

23.02

22.37

20.49

21.01

19.66

9.24

21.01

22.70

27.99

Gross margin%

25.00

27.22

28.83

26.57

28.87

27.91

26.60

25.22

24.65

26.17

20.65

26.17

26.58

18.77

Operating margin%

15.87

14.99

14.47

12.45

14.92

17.65

20.39

20.80

19.12

17.45

2.96

19.12

16.66

15.39

Net margin%

21.95

20.61

21.43

19.88

22.37

20.57

18.83

19.60

22.15

24.42

21.40

20.57

21.02

24.29

P/E ratio (avg)x

8.478

8.385

8.174

7.604

7.503

7.468

6.672

6.016

5.308

5.372

8.436

6.016

7.486

12.16

EV/EBITx

45.28

47.68

48.33

47.46

52.22

63.26

74.93

90.02

92.22

108.6

23.82

90.02

57.74

3.40

FCF yield (avg)%

1.91

3.56

1.13

0.40

2.98

1.95

2.22

3.09

0.40

28.64

2.22

1.93

26.74

FCF margin%

25.02

24.43

24.31

22.68

21.20

23.25

24.91

27.11

29.09

26.42

10.10

26.42

24.67

0.521

FCF / Net incomex

2.216

2.254

2.306

2.416

2.694

3.208

3.196

3.439

3.648

3.913

0.919

3.439

2.945

16.10

ROIC%

5.13

6.18

4.27

5.51

4.07

2.31

4.54

5.75

8.21

6.53

15.63

5.75

5.32

20.46

Return on equity%

14.00

15.36

13.61

11.80

9.70

9.41

6.71

8.27

5.33

5.30

17.81

6.71

9.56

13.30

Return on assets%

19.47

20.16

22.61

24.54

22.86

24.82

27.62

30.13

29.47

27.34

20.39

27.62

24.68

1,231

EPS¥

294.72

275.96

295.30

269.36

243.06

231.02

254.91

256.90

282.56

308.33

1,326

4.87%

0.79%

—

2.52

EPS growth%

32.30

34.35

36.41

34.20

31.48

30.81

28.49

31.18

28.37

27.54

26.88

28.49

31.33

409.51

Bookvalue per sh¥

583.00

541.91

593.30

590.49

529.10

513.22

450.19

483.14

473.93

457.44

1,928

(2.87%)

(3.56%)

—

1,855

FCF per share¥

904.05

1,024

1,004

1,138

1,281

1,325

1,331

1,522

1,618

1,672

986.40

5.47%

6.23%

—

694.41

Dividend per sh¥

1,270

1,314

1,259

1,222

1,315

1,400

1,340

1,574

1,542

1,814

326.02

6.65%

3.75%

—

10.77

Div yield (avg)%

5.90

4.53

6.33

4.36

2.67

1.90

0.41

0.40

3.69

0.40

2.28

9.44

Payout ratio%

32.98

32.25

31.51

30.41

27.82

25.40

28.14

26.09

23.61

22.88

19.04

25.40

27.98

1.557

Shares (diluted)B

2.217

2.516

2.954

3.305

3.681

4.415

4.854

5.478

5.859

6.478

1.581

11.97%

12.09%

18.12

Buyback yield%

14.85

17.16

18.65

20.55

20.77

21.09

21.42

23.64

25.61

26.39

27.13

23.64

20.93

0.369

D/E ratiox

1.413

1.544

1.753

1.687

1.539

1.658

1.878

1.971

2.188

2.152

0.311

1.971

1.720

3,398

Enterprise value¥B

4,238

4,270

4,784

4,951

5,832

6,994

8,137

9,150

10,498

10,800

1,862

13.12%

10.80%

321.7

LT debt¥B

1,869

1,989

2,114

2,099

2,150

1,966

1,938

2,156

1,949

1,979

3,548

(1.65%)

(0.37%)

Peers (US$86.35B)

Cap (US$)

Advantest Corporation

128.4B

35.56x

Tokyo Electron Limited

118.8B

26.60x

Renesas Electronics…

28.79B

7.524x

Semiconductor Manufact…

77.26B

44.73x

Capital

TTM

10Y

Leveragex

1.027

—

EBIT/Intx

0.817

1.179

1.063

Own earn%

(113.54)

(6.06)

(0.58)

Sh yield%

28.89

24.04

23.74

Owners

Insiders/Inst%

9.73

77.61

Short interest%

3.78

SBC / revenue%

0.56

Record

10Y

Profitable years

10/10

Revenue growth years

10/10

EPS growth years

10/10

Dividend streakyrs

Op margin range%

12–21

$1 testx

—

Incr. ROIC%

Kioxia Holdings Corporation researches, develops, manufactures and sells memory and related products for solid state drives (SSDs), storage and smart devices in Japan, North America, Europe and Asia. It offers flash memory, SSDs, SD memory cards and other retail products, and also handles SSD software development, memory and photomask production, energy management, CIM engineering work and customer support services.

Growth vs revenue

Latest

Trend

10Y CAGR

Rel growth

Revenue

¥5.157T

4.15%

1.00×

Cost of revenue

¥2.739T

4.16%

1.00×

Operating expenses

¥737.2B

4.11%

1.00×