24 February 2026 | 5:36PM JST Equity Research Kioxia Holdings (285A.T): Conference call: Price uptrend to continue, but stay Neutral on valuation multiple We held a conference call with Kioxia Holdings' IR team on the morning of February 20. We summarize the key points below (on 3Q results, 4Q guidance, and the outlook for FY3/27 earnings). We believe the price uptrend, unprecedented in recent years, and accompanying earnings expansion are likely to continue. However, given that Kioxia's P/E multiple at the ...