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 ...

Ac t i o n | 30 Sep 2026 23:39:49 ET │ 15 pages Micron Technology Inc (MU.O) Supply Tightens; Buybacks Await CITI'S TAKE Micron reported "beat and raise" Aug-Q results. Fundamentally, Micron expects DRAM supply/demand ratio to tighten through FY28 (ends Aug 2028) due to decelerating DRAM bit supply growth or low 20s next year from mid 20s this year on higher HBM sales mix and trade ratio. On NAND, Micron expects NAND bits to grow mid 20s from low 20s this year. Gross margins come down in the Nov-Q on higher ...