Group 1: Investment and Shareholding Changes - Bain Capital plans to sell approximately 350 billion yen (2.24 billion USD) worth of shares in Kioxia Holdings, while remaining the largest shareholder with a reduced stake of 44% from 51% [1] - Goldman Sachs will act as the lead underwriter for the sale of 36 million shares of Kioxia, which will be settled through block trading [1] Group 2: Financial Performance - Kioxia reported a 62% year-on-year decline in net profit for the second quarter of fiscal year 2025, amounting to 40.7 billion yen, falling short of market expectations of 47.4 billion yen [3] - The decline in profit is attributed to a shift in product mix, with low-margin smart device products comprising 35% of sales, despite a surge in demand for memory driven by AI data centers [3] Group 3: Future Outlook - Kioxia remains optimistic about future quarters, projecting a significant recovery in profits driven by rising average selling prices and strong demand for NAND flash memory due to AI [3] - The company anticipates a 12% to 23% increase in revenue for the third quarter of fiscal year 2025, with expected revenue ranging from 500 billion to 550 billion yen [3] - Kioxia forecasts that NAND flash demand will exceed supply by 2025, with a projected annual growth rate of around 20% driven by AI data center needs [4] - The company is ramping up production at its Fab2 facility in Iwate, Japan, to meet this anticipated demand [4]