[Kioxia Q1 Net Profit Below Market Expectations] BlockBeats News, on July 31, Kioxia reported first-quarter operating profit of 1.27 trillion yen, compared to 44.9 billion yen in the same period last year, with market expectations at 1.37 trillion yen. First-quarter net profit was 842.17 billion yen, compared to 18.28 billion yen in the same period last year, with market expectations at 973.81 billion yen. Operating profit for April to September is projected to be 3.16 trillion yen. Kioxia will conduct a 1-for-3 stock split and has announced a stock repurchase plan.