Kioxia HD's financial results from April to December last year were a deficit of 254 billion yen. This is the largest deficit for this period since the company's inception.
This was due to a deterioration in the global market for flash memory due to reduction in corporate IT investment and a drop in demand for PCs and smartphones. Although the company says that market conditions are improving, the company is forced to review its production plans due to deteriorating business results, such as last year's postponement of the planned start-up of a new factory.