Kioxia's operating profit jumps as it declares its first dividend

Quartz reports Kioxia attributed its profit jump to higher flash-memory prices tied to generative AI data-center customers and increased bit shipments. The company declared a ¥90-per-share dividend, stated before an October 1 stock split, with payments scheduled to begin December 8. Quartz, citing Bloomberg, says it is Kioxia's first dividend. Bloomberg reports Kioxia expects ¥2 trillion in October–December operating profit, below estimates of ¥2.35 trillion, and warns that flash-memory price hikes are slowing.