Kioxia Holdings Corporation’s market capitalization recently surpassed the ¥50 trillion milestone. The company plans to invest an average of ¥470 billion annually from fiscal year 2026 to 2028.
This expenditure represents a 66% increase over 2025 levels. However, the planned spending remains 10% lower than the company's peak capital expenditure in fiscal 2023. Management adopted this conservative strategy following five consecutive quarters of losses linked to a major investment in 2022.
The announcement coincides with a surging NAND market where contract prices rose substantially in Q2 2026. To mitigate market fluctuations, Kioxia aims to transition 50% of total shipments to long-term supply agreements by 2028.