On August 13, it was reported that due to improvements in the supply and demand of NAND Flash, prices increased by 10% in the second quarter, marking the first rise in several quarters. Kioxia, the world’s second-largest memory manufacturer (formerly Toshiba Memory), saw its net profit surge sixfold, achieving profitability for the first time in three quarters.
According to Kioxia’s financial report released on the 12th for the second quarter (April to June 2021), the balanced supply and demand in the NAND Flash market led to a price increase of over 10%, the first rise in four quarters, driving consolidated revenue up 23% year-on-year to 329.5 billion yen. The consolidated operating profit, which reflects the core business profitability, skyrocketed by 139% to 35.1 billion yen, marking the first surplus in three quarters. The consolidated net profit, which indicates the final profitability, surged sixfold (624%) to 12.3 billion yen, also the first surplus in three quarters.
Kioxia noted that the NAND Flash shipment volume (calculated by memory capacity) increased by 6% to 9% compared to the previous quarter (January to March 2021); prices rose by 1% to 14%, marking the first increase in four quarters.
Regarding market trends and future outlook, Kioxia pointed out that with the widespread adoption of remote work and online education, overall NAND demand is expected to remain high. The demand for SSDs in data centers will continue to be strong, and enterprise-level SSDs will show ongoing recovery as equipment investments increase. Although there are concerns about production adjustments due to component shortages, it is anticipated that the NAND supply and demand situation will remain stable in the second half of this year, and the long-term growth trend in the NAND market is not expected to change significantly.
Source: technews
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