Kioxia HoldingsKioxia Holdings Corporation285A東京証券取引所電気機器FY ending Mar 2026, consolidated, IFRS

Kioxia Holdings revenue and profit

Out of every ¥100 of sales, about ¥37 is left as operating profit. Revenue changed +37.0% from the prior year, operating profit +92.7%.

Five-year trend

Revenue¥2.34T
FY ending Mar 2022: ¥1.53T¥1.53TFY ending Mar 2023: ¥1.28T¥1.28TFY ending Mar 2024: ¥1.08T¥1.08TFY ending Mar 2025: ¥1.71T¥1.71TFY ending Mar 2026: ¥2.34T¥2.34TFY22FY23FY24FY25FY26
Operating income¥870.4B
FY ending Mar 2024: -¥252.7B-¥252.7BFY ending Mar 2025: ¥451.7B¥451.7BFY ending Mar 2026: ¥870.4B¥870.4BFY22FY23FY24FY25FY26
Operating margin37.2%
FY ending Mar 2024: -23.5%-23.5%FY ending Mar 2025: 26.5%26.5%FY ending Mar 2026: 37.2%37.2%FY22FY23FY24FY25FY26

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin23.7%
Asset turnover0.71×
ROA16.8%
ROA16.8%
Financial leverage3.09×
ROE51.9%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin23.7%
2025: 16.0%16.0%2026: 23.7%23.7%2223242526
Asset turnover0.71×
2025: 0.59×0.59×2026: 0.71×0.71×2223242526
ROA16.8%
2022: 3.5%3.5%2023: -4.6%-4.6%2024: -8.3%-8.3%2025: 9.4%9.4%2026: 16.8%16.8%2223242526
Financial leverage3.09×
2025: 4.87×4.87×2026: 3.09×3.09×2223242526
ROE51.9%
2025: 45.9%45.9%2026: 51.9%51.9%2223242526
PeriodNet marginAsset turnoverROAFinancial leverageROE
2022——×3.5%—×—
2023——×-4.6%—×—
2024——×-8.3%—×—
202516.0%0.59×9.4%4.87×45.9%
202623.7%0.71×16.8%3.09×51.9%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue45.1%
2024: 108.6%108.6%2025: 64.5%64.5%2026: 45.1%45.1%2223242526
PPE ÷ total assets28.6%
2024: 40.8%40.8%2025: 37.7%37.7%2026: 28.6%28.6%2223242526
Goodwill ÷ parent equity28.3%
2024: 87.9%87.9%2025: 53.6%53.6%2026: 28.3%28.3%2223242526
Goodwill balance¥395.6B
2024: ¥395.4B¥395.4B2025: ¥395.3B¥395.3B2026: ¥395.6B¥395.6B2223242526

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥141.1B
2025: ¥132.8B¥132.8B2026: ¥141.1B¥141.1B2223242526
R&D / revenue6.0%
2025: 7.8%7.8%2026: 6.0%6.0%2223242526

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Revenue1,526,4951,282,1011,076,5841,706,4602,337,628
Cost of revenue——1,205,9271,137,0271,324,724
Gross profit——-129,343569,4331,012,904
SG&A——128,774127,851146,581
Operating income——-252,698451,748870,369
Pretax income154,356-186,443-343,330370,669784,095
Income tax——-99,60998,348229,599
Net income attributable to owners105,921-138,141-243,728272,315554,490
Operating margin——-23.5%26.5%37.2%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 13%
Property, plant and equipment 28%
Intangibles and goodwill 11%
Other assets 48%

Funding

Other liabilities 62%
Equity 38%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Mar 2022FY ending Mar 2023FY ending Mar 2024FY ending Mar 2025FY ending Mar 2026
Cash and equivalents¥469.8B¥261.4B¥187.6B¥167.9B¥470.7B
Total assets¥3.07T¥2.97T¥2.86T¥2.92T¥3.69T
Net assets—¥658.2B¥449.8B¥737.7B¥1.4T
Share capital——¥10B¥25.2B¥31.3B
Property, plant and equipment——¥1.17T¥1.1T¥1.06T
Goodwill——¥395.4B¥395.3B¥395.6B
Current assets——¥651.4B¥806.7B¥1.62T
Total liabilities——¥2.42T¥2.18T¥2.29T
Equity attributable to owners of parent——¥449.6B¥737.6B¥1.4T
Retained earnings——-¥463.1B-¥189.5B¥367B
Treasury stock————-¥2M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第8期(2025/04/01-2026/03/31)

    ID S100YJ182026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第7期(2024/04/01-2025/03/31)

    ID S100W4402025-06-26Open

Extracted from XBRL: 41 / Derived from other figures: 1

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