Kioxia Forecasts 1.27 Trillion Yen July-September Profit

Japan's Kioxia projected net profit of 1.27 trillion yen ($7.91 billion) for July-September, up from 40.6 billion yen a year earlier, Nikkei Asia reported July 31. I would treat the jump with caution: such multiples often reflect a weak base year as much as current strength.