Kioxia projects 1.89 trillion yen ($11.78 billion) in operating profit for the July-September quarter, up from 1.27 trillion yen in April-June, falling short of the 1.95 trillion yen analyst consensus. The company will conduct a three-for-one stock split effective October 1 and spend up to 800 billion yen on share repurchases. The announcement occurred July 31 in Tokyo at an exchange rate of 160.42 yen per dollar.