NAND flash memory giant Kioxia Holdings has overhauled its executive compensation, moving from capped restricted stock units to a variable, uncapped framework directly linked to its surging share price.
The revision comes as Kioxia's stock has jumped approximately 660% year-to-date as of early June 2026. Market capitalization briefly crossed ¥30 trillion, or around $188 billion, after the company’s December 2024 Tokyo Stock Exchange Prime listing.
For the fiscal year ending March 2026, net profit more than doubled to ¥554.49 billion. Operating profit rose 92.7% to ¥870.37 billion. Kioxia forecasts an operating profit of ¥1.3 trillion for the first quarter of fiscal 2027 alone, driven by demand for NAND flash and solid-state drives used in AI data centers.
Kioxia is investing around ¥470 billion annually in AI-related capital expenditure and is preparing a U.S. American Depositary Shares listing. Hiroo Oota became President and CEO on April 1, 2026, succeeding Nobuo Hayasaka. Stacy J. Smith, former Intel executive, serves as Executive Chairman.