Kioxia Forecasts 1.27 Trillion Yen July-September Profit

Kioxia expects net profit — earnings after costs — of 1.27 trillion yen ($7.91 billion) for July-September, up from 40.6 billion yen a year ago, Nikkei Asia reported July 31. Treat the surge carefully: when last year was weak, even a normal year can look like explosive growth.