28 September 2026 | 9:35PM JST Equity Research Kioxia Holdings (285A.T): Kitakami plant tour confirms initiatives to maximize investment efficiency; reiterate Buy Kioxia hosted a tour of the Kitakami plant, one of its main production bases, for sell-side analysts on September 28. While there was not much information presented that is directly linked to near-term earnings, the tour deepened our understanding of various initiatives aimed at maximizing investment efficiency. In the medium term, we think greate ...

Sandisk Corp (SNDK.O) MU Read-Thru: NAND Now Tight Thru CY28; Reit. Buy on S/D Fundamentals CITI'S TAKE MU Read-Thru – Micron (covered by Atif Malik) reported better-than- expected results and guidance amid robust AI demand. Sequentially, NAND revenue +42%, B/S +10% as prices increased ~30% (vs Consensus +20%qq/Citi +34%qq), on tight NAND conditions. Mgmt expects Micron NAND supply to grow less than industry supply growth in CY26. For CY27/CY28, expect industry NAND bit shipments to grow mid-20s% range and ...