JPMorgan report resets Kioxia stock target to JPY 43,334 after split

Published on 10/27/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JPMorgan resets Kioxia stock target to JPY 43,334 after split. Kioxia stock costs EUR 71.88 on October 27, 2026, 0.11 percent above its Xetra close.

AI memory outlook and reporting date

JPMorgan-linked research reset the target from JPY 130,000 to JPY 43,334 on October 26, 2026.
Fiscal year 2027 revenue is projected at JPY 10,240,200 million, up 338.1 percent.
Kioxia stock trades at EUR 71.88 at 9:13 a.m. CEST at Lang & Schwarz on October 27, 2026, 0.11 percent above the Xetra close of October 26, 2026.
S&P Global Ratings raised Kioxia to BBB with a positive outlook on October 13, 2026.
Kioxia scheduled second-quarter fiscal 2026 results for October 30, 2026.

Kioxia, JP3236330001, Illustration mit AI erstellt.

Kioxia (ISIN JP3236330001) stock trades at EUR 71.88 at Lang & Schwarz on October 27, 2026 at 9:13 a.m. CEST, 0.11 percent above the Xetra close of October 26, 2026 at EUR 71.80. The latest catalyst is a JPMorgan-linked target reset to JPY 43,334 after Kioxia's three-for-one stock split, according to Futunn on October 26, 2026.

The target reset changes the scale

The report adjusted the target from JPY 130,000 to JPY 43,334 to reflect the split while keeping its earnings forecast unchanged. It assigned an Overweight rating and based the valuation on projected fiscal year 2027 earnings per share and a price-to-earnings ratio of about 9 times, with the source projecting fiscal year 2027 revenue of JPY 10,240,200 million, up 338.1 percent from JPY 2,337,628 million in fiscal year 2026.

The comparison is material because the target reset is mechanical, while the operating thesis remains tied to memory demand. The report expects operating leverage to lift the EBIT margin from 37.2 percent in fiscal year 2026 to 78.1 percent in fiscal year 2027. Those are forecasts, not reported results.

What does the rating mean for earnings?

The balance-sheet message strengthened on October 13, 2026, when S&P Global Ratings raised Kioxia's long-term issuer rating from BBB- to BBB and assigned a positive outlook. S&P said it expected EBITDA of JPY 7 trillion to JPY 8 trillion in fiscal year 2026, rising to about JPY 9 trillion in fiscal year 2027.

Three dated steps behind the stock

Kioxia announced an investment plan with Sandisk worth more than USD 31 billion on August 27, 2026, according to the company's Investor Relations page. S&P raised the credit rating to BBB on October 13, 2026. The JPMorgan-linked report reset the target to JPY 43,334 on October 26, 2026.

Next date for investors

Kioxia scheduled its second-quarter fiscal 2026 results for October 30, 2026 at 6:45 p.m. JST, as listed on the company's Investor Relations page. The reporting date will test whether the projected memory-demand strength is appearing in reported revenue and profit.

Market value and trading context

Kioxia's Tokyo listing is TSE Prime under ticker 285A. The finance snapshot put market capitalization at JPY 20.8 trillion and the 52-week range at JPY 2,784.33 to JPY 37,566.67 as of October 27, 2026. The current Tokyo quote was JPY 12,605 at 6:30 a.m. UTC, with the exchange session closed.

At Lang & Schwarz, Kioxia stock was trading at EUR 71.88 on October 27, 2026 at 9:13 a.m. CEST, 0.11 percent above the Xetra close of October 26, 2026 at EUR 71.80. The further course of trading is shown by the continuously updated real-time quote of Kioxia stock.