株譜

AI 銘柄分析 · 10年

SK hynix Inc.

000660 · KRW · 分析基準日 2026-11-06

SK hynix普通株:半導体サイクルと株主還元を織り込む10年分析

10年期待年率要確認参考 19.72%(2026-11-06・1,132,000.00 KRW基準、集計外)
資本コスト12.00%
直近終値1,132,000.00 KRW2026-11-06

AIによるシナリオ分析です。基準日以降の出来事、株価や為替の変化は個別に確認が必要です。各数値は元の分析の単位と前提に従います。

分析の要約

2026年11月6日の韓国普通株を起点に、HBM・汎用DRAM・NANDの需給、設備投資と株式報酬を5ケースで予測します。2026年第3四半期決算は監査前の速報で、キオクシア関連の一時利益と特別配当を継続利益と区別しています。7月のADS発行は発行費用を差し引いた推定純手取を基準日資本に反映し、第2四半期配当は11月の新規購入者の受取に含めません。10月28日決議の買戻しのうち、基準日までの取得数は未確認のため100万株と仮定し、未取得・300万株取得とした感応度では、分析基準日の期待年率の差は約0.01ポイント未満です。非売却の普通株1株を基準に現金配当と残存価値を評価し、会社の買戻しによる株数変化と従業員向け株式交付を区別します。韓国でETFが実際に負担する配当源泉税は未確定で、この試算には反映していません。将来の配当・株価・利益・買戻しとシナリオ確率は予測であり、会社の確約ではありません。

要点

1

FY2025 company-reported sales 97.1467T KRW vs provisional Q3 2026 quarterly sales 104.6155T KRW: extremely elevated price/cycle environment is unsuitable for perpetual 80% EBIT margin extrapolation.

2

Q3 consolidated NI 39.775593T differs from parent NI 39.534392T; 2026 H1 63.178974T financial-mark valuation gains and 13.979567T financial dividend income are non-operating/partly Kioxia-related and excluded from future sustainable earnings.

3

Jul 2026 new ADS issuance proceeds 39.89053479T add real cash/equity and dilute existing shares (already incorporated into baseline), not a future 2027 event.

4

Completed 40.0043390635T Aug-Oct 2026 buybacks occur BEFORE this initial purchase date and contribute ZERO to new holder future CF. New employee share repurchases do not count as old shareholder cash returns.

5

One actual old ordinary share never tenders; company purchases affect shares outstanding. Its own dividend and terminal claim are multiplied by the 705,173,324-share basis proxy purely for aiv import normalization; this is NOT a real aggregate cohort.

6

Annual plus stub-year 2026 / 2036 yields eleven disclosed rows per scenario. All unannounced ex dates are guesses with zero-cash recheck gates.

7

Company earnings estimates and all capital market issuance, future trading prices, quantity/ASP and 2037 perpetual forecasts are assumptions rather than issuer guidance.

結論の補足

company_description

AIサーバー向けHBMと汎用DRAM/NANDを持つ半導体メモリー企業

horizon_years_calendar
10
終価の基準日

2036-11-06

probability_weighted_gross_korea_withholding_before_irr
0.1971423561
tax_after_actual_EWY_IRR
未確認
probability_weighted_old_holder_payout_oku
3419632.531809
probability_weighted_old_holder_terminal_mcap_oku
39001819.546546
old_holder_initial_market_cap_oku
7982562.02768
ewy_2026_11_05_holding_weight_reference
0.2247
ewy_2026_11_09_reconstitution_weight
未確認
ewy_weight_note

22.47% is the user-supplied 2026-11-05 reference, NOT a verified or estimated Nov9 post-index-change exposure

事業

AI向けHBM、一般DRAM、NAND/eSSDを製造販売。K-IFRSの報告対象事業セグメントは半導体1本。HBMはDRAMの内数であり別売上と足し合わせない。Kioxia投資損益と特別配当は恒常営業利益から除外。

競争力・事業の質

HBM4量産・長期契約は強みだが受注先集中と価格変動に脆い。2026Q3の80%営業利益率と、Kioxiaを含む金融評価益は恒久的と扱わない。将来の大型設備投資、SBC及び資本調達が必要。

業界と環境

DRAM/HBM寡占とNAND激しい競争。HBM実装・歩留まり、設備投資、DDR5/NAND価格とビット出荷量、AIアクセラレータ投資、サイクル、為替、輸出規制を独立要因として5ケースで変化。

財務・資本配分

6/30 reviewed parent equity 262.38061T KRW; Q3 parent NI preliminary 39.534392T; July17.79m ADS issuance estimated NET 39.47365449T (gross39.89053479T less prospectus fees); Q2 375KRW dividend Aug7 declared AFTER June30 (Sep payment total not verified, 0.27186230175T model proxy), old program completed 40.004339T August20-October21, Q3 20kKRW dividend Oct28 declared and counted once; Oct29-Nov6 new buyback unknown scenarios 0/1m/3m. Q3 end liquidity embeds ADS and Q2 payment. Equity and liquidity are MODEL proxies, not K-IFRS November6 observed.

評価の前提と確認

株価PERを終価に使用しない。2037年のSBC控除済NOPAT+非現金償却+SBC加算-維持成長投資-増分運転資本-時価株式補充をWACC−gで資本化し、留保資金・有利子負債・NCIから普通株帰属価値へ接続。予測の割高/割安は時点別旧株主CFで再計算。

資本コストの前提

資本コスト
12.00%
k_unit

per year, nominal KRW

main_case

base

方法

analyst judgment nominal equity cost with country, memory cyclicality, HBM concentration and earnings volatility; not back-solved market PER

case_specific_k
内容を開く
stress
0.155
bear
0.14
base
0.12
bull
0.11
upside
0.105
case_specific_terminal_wacc
内容を開く
stress
0.14
bear
0.122
base
0.106
bull
0.098
upside
0.095

事業別データ

事業別の内訳と、収録されている年度別データを確認できます。

事業別データを開く →

10年のシナリオ

シナリオごとの確率、期間内の株主還元・追加負担、終価です。金額は億KRW。株主の範囲や受取時点は各分析の前提を確認してください。

シナリオ確率株主還元・追加負担終価
先端HBMプレミアム長期維持5.0%13,907,168.58247,066,208.00
HBM寡占維持・AI投資拡大20.0%6,633,702.7375,147,612.89
AI普及・循環的な平準化40.0%2,701,963.6122,835,912.69
HBM競争・価格正常化25.0%1,090,932.489,124,847.66
AI設備過剰・メモリー大不況10.0%440,149.922,034,095.77

先端HBMプレミアム長期維持(確率 5.0%)

高付加価値HBMの技術プレミアムと成長が長く続くが市場シェア・容量は仮定

確率の根拠

5%: 技術面の独占的プレミアム長期持続は例外的

このシナリオの数値・キャッシュフローを開く →

HBM寡占維持・AI投資拡大(確率 20.0%)

AIメモリー需要が増え先端HBM ASPが比較的維持される一方投資費用が必要

確率の根拠

20%: AI投資継続・HBM供給制約はあり得る

事業別の前提

1
内容を開く
id

hbm

数量
8510578.549
価格・単価
0.60232948
売上換算係数
1
売上高
5126172.337586
営業利益
2306777.551914
volume_is_physical_bits
いいえ
2
内容を開く
id

conventional_dram

数量
3339233.9915
価格・単価
0.81726654
売上換算係数
1
売上高
2729044.209806
営業利益
1228069.894413
volume_is_physical_bits
いいえ
3
内容を開く
id

nand

数量
1868793.792
価格・単価
0.74944868
売上換算係数
1
売上高
1400565.036593
営業利益
630254.266467
volume_is_physical_bits
いいえ
4
内容を開く
id

other

数量
103150.47890419
価格・単価
1
売上換算係数
1
売上高
103150.478904
営業利益
46417.715507
volume_is_physical_bits
いいえ

日付別キャッシュフロー

1
内容を開く
year
0.008213552361
想定日

2026-11-09

種類

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金額
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asof_execution_assumed_shares
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想定日

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種類

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金額
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direct_common_stock_cashflow
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weight_from_2026_11_05
0.2247
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内容を開く
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0.016427104723
想定日

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金額
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想定日

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想定日

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想定日

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2027-01-26

種類

approved_oct28_treasury_purchase_employee_old_holder_zero_cash

金額
0
new_program_id

2026-10-28_BOARD_PLAN

purchase_shares
696000
execution_price_assumed_krw
1103795.6179
company_cash_out_oku
7682.4175
model_plan_remaining_shares
0
allocation_approx_issuer_10T_each_but_actual_not_fixed
はい
confirmed_execution
いいえ
source_id

buyback_policy_6k

29
内容を開く
year
0.35318275154
想定日

2027-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2027-03-23

ex_date_status

assumed_not_confirmed

30
内容を開く
year
0.375085557837
想定日

2027-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2027-03-23

eligible_shares_at_exdate
690253324
ex_date_status

assumed_not_confirmed

31
内容を開く
year
0.451745379877
想定日

2027-04-20

種類

forecast_ordinary_dividend_cash_kioxia_special_component

金額
381416.489839
company_total_payment_oku
373346.51068
assumed_per_share_krw
54088.332
eligible_shares_at_exdate
690253324
ex_date_confirmed
未確認
ex_date_assumed

2027-03-23

payment_date_confirmed
未確認
payment_date_assumed

2027-04-20

special_kioxia_nonrecurring_oku
160000
ex_date_status

assumed_not_confirmed

32
内容を開く
year
0.498288843258
想定日

2027-05-07

種類

unannounced_treasury_cancellation_governance_recheck_gate

金額
0
planned_date_assumed

2027-05-14

33
内容を開く
year
0.517453798768
想定日

2027-05-14

種類

conditional_cancellation_of_oct28_shareholder_treasury_no_new_cash

金額
0
previously_acquired_shares
7460000
additional_company_cash_oku
0
approval_status

future board resolution unannounced

34
内容を開く
year
0.854209445585
想定日

2027-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2027-09-22

ex_date_status

assumed_not_confirmed

35
内容を開く
year
0.876112251882
想定日

2027-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2027-09-22

eligible_shares_at_exdate
690253324
ex_date_status

assumed_not_confirmed

36
内容を開く
year
0.952772073922
想定日

2027-10-20

種類

forecast_ordinary_dividend_cash

金額
217958.04941286
company_total_payment_oku
213346.51068
assumed_per_share_krw
30908.437
eligible_shares_at_exdate
690253324
ex_date_confirmed
未確認
ex_date_assumed

2027-09-22

payment_date_confirmed
未確認
payment_date_assumed

2027-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

37
内容を開く
year
1.35523613963
想定日

2028-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2028-03-23

ex_date_status

assumed_not_confirmed

38
内容を開く
year
1.377138945927
想定日

2028-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2028-03-23

eligible_shares_at_exdate
690253324
ex_date_status

assumed_not_confirmed

39
内容を開く
year
1.453798767967
想定日

2028-04-20

種類

forecast_ordinary_dividend_cash

金額
216835.16490821
company_total_payment_oku
212247.384074
assumed_per_share_krw
30749.201
eligible_shares_at_exdate
690253324
ex_date_confirmed
未確認
ex_date_assumed

2028-03-23

payment_date_confirmed
未確認
payment_date_assumed

2028-04-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

40
内容を開く
year
1.771389459274
想定日

2028-08-14

種類

paid_employee_option_exercise_issuer_cash_only

金額
0
new_shares
75154
option_exercise_cash_to_issuer_oku
531.266276
exercise_price_assumed_krw
706903.53
holder_cash_received_oku
0
confirmed_execution
いいえ
41
内容を開く
year
1.856262833676
想定日

2028-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2028-09-22

ex_date_status

assumed_not_confirmed

42
内容を開く
year
1.878165639973
想定日

2028-09-22

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2028-09-29

subjective_approval_probability
0.85
43
内容を開く
year
1.878165639973
想定日

2028-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2028-09-22

eligible_shares_at_exdate
690328478
ex_date_status

assumed_not_confirmed

44
内容を開く
year
1.897330595483
想定日

2028-09-29

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2028_SEPARATE_FROM_2026_10_28

purchase_shares
22621065
company_cash_out_oku
246014.009382
execution_price_assumed_krw
1087543.8861
subjective_approval_probability
0.85
budget_if_approved_oku
289428.25101
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
45
内容を開く
year
1.935660506502
想定日

2028-10-13

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2028_SEPARATE_FROM_2026_10_28

shares_cancelled
22621065
additional_company_cash_oku
0
46
内容を開く
year
1.954825462012
想定日

2028-10-20

種類

forecast_ordinary_dividend_cash

金額
216811.5587113
company_total_payment_oku
212247.384074
assumed_per_share_krw
30745.854
eligible_shares_at_exdate
690328478
ex_date_confirmed
未確認
ex_date_assumed

2028-09-22

payment_date_confirmed
未確認
payment_date_assumed

2028-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

47
内容を開く
year
2.108145106092
想定日

2028-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
2861774
shares_new_issued_no_cash
0
employee_sbc_expense_oku
31123.05087
confirmed_execution
いいえ
48
内容を開く
year
2.354551676934
想定日

2029-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2029-03-23

ex_date_status

assumed_not_confirmed

49
内容を開く
year
2.376454483231
想定日

2029-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2029-03-23

eligible_shares_at_exdate
670569187
ex_date_status

assumed_not_confirmed

50
内容を開く
year
2.45311430527
想定日

2029-04-20

種類

forecast_ordinary_dividend_cash

金額
227069.68890112
company_total_payment_oku
215926.966458
assumed_per_share_krw
32200.55
eligible_shares_at_exdate
670569187
ex_date_confirmed
未確認
ex_date_assumed

2029-03-23

payment_date_confirmed
未確認
payment_date_assumed

2029-04-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

51
内容を開く
year
2.770704996578
想定日

2029-08-14

種類

paid_employee_option_exercise_issuer_cash_only

金額
0
new_shares
74949
option_exercise_cash_to_issuer_oku
533.243389
exercise_price_assumed_krw
711474.99
holder_cash_received_oku
0
confirmed_execution
いいえ
52
内容を開く
year
2.855578370979
想定日

2029-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2029-09-21

ex_date_status

assumed_not_confirmed

53
内容を開く
year
2.874743326489
想定日

2029-09-21

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2029-09-28

subjective_approval_probability
0.85
54
内容を開く
year
2.874743326489
想定日

2029-09-21

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2029-09-21

eligible_shares_at_exdate
670644136
ex_date_status

assumed_not_confirmed

55
内容を開く
year
2.893908281999
想定日

2029-09-28

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2029_SEPARATE_FROM_2026_10_28

purchase_shares
22865363
company_cash_out_oku
250278.982492
execution_price_assumed_krw
1094576.9043
subjective_approval_probability
0.85
budget_if_approved_oku
294445.863352
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
56
内容を開く
year
2.94045174538
想定日

2029-10-15

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2029_SEPARATE_FROM_2026_10_28

shares_cancelled
22865363
additional_company_cash_oku
0
57
内容を開く
year
2.951403148528
想定日

2029-10-19

種類

forecast_ordinary_dividend_cash

金額
227044.31233373
company_total_payment_oku
215926.966458
assumed_per_share_krw
32196.951
eligible_shares_at_exdate
670644136
ex_date_confirmed
未確認
ex_date_assumed

2029-09-21

payment_date_confirmed
未確認
payment_date_assumed

2029-10-19

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

58
内容を開く
year
3.107460643395
想定日

2029-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
2987707
shares_new_issued_no_cash
0
employee_sbc_expense_oku
32702.752037
confirmed_execution
いいえ
59
内容を開く
year
3.353867214237
想定日

2030-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2030-03-22

ex_date_status

assumed_not_confirmed

60
内容を開く
year
3.373032169747
想定日

2030-03-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2030-03-22

eligible_shares_at_exdate
650766480
ex_date_status

assumed_not_confirmed

61
内容を開く
year
3.449691991786
想定日

2030-04-19

種類

forecast_ordinary_dividend_cash

金額
252641.02990506
company_total_payment_oku
233148.799223
assumed_per_share_krw
35826.799
eligible_shares_at_exdate
650766480
ex_date_confirmed
未確認
ex_date_assumed

2030-03-22

payment_date_confirmed
未確認
payment_date_assumed

2030-04-19

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

62
内容を開く
year
3.770020533881
想定日

2030-08-14

種類

paid_employee_option_exercise_issuer_cash_only

金額
0
new_shares
74949
option_exercise_cash_to_issuer_oku
548.58402
exercise_price_assumed_krw
731943.08
holder_cash_received_oku
0
confirmed_execution
いいえ
63
内容を開く
year
3.852156057495
想定日

2030-09-13

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2030-09-20

ex_date_status

assumed_not_confirmed

64
内容を開く
year
3.871321013005
想定日

2030-09-20

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2030-09-30

subjective_approval_probability
0.85
65
内容を開く
year
3.871321013005
想定日

2030-09-20

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2030-09-20

eligible_shares_at_exdate
650841429
ex_date_status

assumed_not_confirmed

66
内容を開く
year
3.898699520876
想定日

2030-09-30

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2030_SEPARATE_FROM_2026_10_28

purchase_shares
23998645
company_cash_out_oku
270240.648939
execution_price_assumed_krw
1126066.2797
subjective_approval_probability
0.85
budget_if_approved_oku
317930.180759
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
67
内容を開く
year
3.939767282683
想定日

2030-10-15

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2030_SEPARATE_FROM_2026_10_28

shares_cancelled
23998645
additional_company_cash_oku
0
68
内容を開く
year
3.947980835044
想定日

2030-10-18

種類

forecast_ordinary_dividend_cash

金額
252611.93650119
company_total_payment_oku
233148.799223
assumed_per_share_krw
35822.673
eligible_shares_at_exdate
650841429
ex_date_confirmed
未確認
ex_date_assumed

2030-09-20

payment_date_confirmed
未確認
payment_date_assumed

2030-10-18

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

69
内容を開く
year
4.106776180698
想定日

2030-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
1610519
shares_new_issued_no_cash
1570585
employee_sbc_expense_oku
35821.33929
confirmed_execution
いいえ
70
内容を開く
year
4.350444900753
想定日

2031-03-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2031-03-21

ex_date_status

assumed_not_confirmed

71
内容を開く
year
4.369609856263
想定日

2031-03-21

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2031-03-21

eligible_shares_at_exdate
630023888
ex_date_status

assumed_not_confirmed

72
内容を開く
year
4.446269678303
想定日

2031-04-18

種類

forecast_ordinary_dividend_cash

金額
286889.72567727
company_total_payment_oku
256316.247718
assumed_per_share_krw
40683.576
eligible_shares_at_exdate
630023888
ex_date_confirmed
未確認
ex_date_assumed

2031-03-21

payment_date_confirmed
未確認
payment_date_assumed

2031-04-18

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

73
内容を開く
year
4.769336071184
想定日

2031-08-14

種類

paid_employee_option_exercise_issuer_cash_only

金額
0
new_shares
74949
option_exercise_cash_to_issuer_oku
567.539288
exercise_price_assumed_krw
757233.97
holder_cash_received_oku
0
confirmed_execution
いいえ
74
内容を開く
year
4.848733744011
想定日

2031-09-12

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2031-09-22

ex_date_status

assumed_not_confirmed

75
内容を開く
year
4.876112251882
想定日

2031-09-22

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2031-09-30

subjective_approval_probability
0.85
76
内容を開く
year
4.876112251882
想定日

2031-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2031-09-22

eligible_shares_at_exdate
630098837
ex_date_status

assumed_not_confirmed

77
内容を開く
year
4.898015058179
想定日

2031-09-30

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2031_SEPARATE_FROM_2026_10_28

purchase_shares
25502156
company_cash_out_oku
297093.828083
execution_price_assumed_krw
1164975.3381
subjective_approval_probability
0.85
budget_if_approved_oku
349522.155979
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
78
内容を開く
year
4.939082819986
想定日

2031-10-15

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2031_SEPARATE_FROM_2026_10_28

shares_cancelled
25502156
additional_company_cash_oku
0
79
内容を開く
year
4.952772073922
想定日

2031-10-20

種類

forecast_ordinary_dividend_cash

金額
286855.60071657
company_total_payment_oku
256316.247718
assumed_per_share_krw
40678.737
eligible_shares_at_exdate
630098837
ex_date_confirmed
未確認
ex_date_assumed

2031-09-22

payment_date_confirmed
未確認
payment_date_assumed

2031-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

80
内容を開く
year
5.106091718001
想定日

2031-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
0
shares_new_issued_no_cash
3434141
employee_sbc_expense_oku
40006.899839
confirmed_execution
いいえ
81
内容を開く
year
5.35523613963
想定日

2032-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2032-03-23

ex_date_status

assumed_not_confirmed

82
内容を開く
year
5.377138945927
想定日

2032-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2032-03-23

eligible_shares_at_exdate
608030822
ex_date_status

assumed_not_confirmed

83
内容を開く
year
5.453798767967
想定日

2032-04-20

種類

forecast_ordinary_dividend_cash

金額
314323.17175512
company_total_payment_oku
271022.981147
assumed_per_share_krw
44573.889
eligible_shares_at_exdate
608030822
ex_date_confirmed
未確認
ex_date_assumed

2032-03-23

payment_date_confirmed
未確認
payment_date_assumed

2032-04-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

84
内容を開く
year
5.771389459274
想定日

2032-08-14

種類

paid_employee_option_exercise_issuer_cash_only

金額
0
new_shares
75154
option_exercise_cash_to_issuer_oku
578.167455
exercise_price_assumed_krw
769310.29
holder_cash_received_oku
0
confirmed_execution
いいえ
85
内容を開く
year
5.856262833676
想定日

2032-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2032-09-22

ex_date_status

assumed_not_confirmed

86
内容を開く
year
5.878165639973
想定日

2032-09-22

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2032-09-30

subjective_approval_probability
0.85
87
内容を開く
year
5.878165639973
想定日

2032-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2032-09-22

eligible_shares_at_exdate
608105976
ex_date_status

assumed_not_confirmed

88
内容を開く
year
5.90006844627
想定日

2032-09-30

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2032_SEPARATE_FROM_2026_10_28

purchase_shares
26542109
company_cash_out_oku
314140.270104
execution_price_assumed_krw
1183554.2914
subjective_approval_probability
0.85
budget_if_approved_oku
369576.792473
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
89
内容を開く
year
5.941136208077
想定日

2032-10-15

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2032_SEPARATE_FROM_2026_10_28

shares_cancelled
26542109
additional_company_cash_oku
0
90
内容を開く
year
5.954825462012
想定日

2032-10-20

種類

forecast_ordinary_dividend_cash

金額
314284.3254938
company_total_payment_oku
271022.981147
assumed_per_share_krw
44568.38
eligible_shares_at_exdate
608105976
ex_date_confirmed
未確認
ex_date_assumed

2032-09-22

payment_date_confirmed
未確認
payment_date_assumed

2032-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

91
内容を開く
year
6.108145106092
想定日

2032-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
0
shares_new_issued_no_cash
3706393
employee_sbc_expense_oku
43867.174406
confirmed_execution
いいえ
92
内容を開く
year
6.354551676934
想定日

2033-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2033-03-23

ex_date_status

assumed_not_confirmed

93
内容を開く
year
6.376454483231
想定日

2033-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2033-03-23

eligible_shares_at_exdate
585270260
ex_date_status

assumed_not_confirmed

94
内容を開く
year
6.45311430527
想定日

2033-04-20

種類

forecast_ordinary_dividend_cash

金額
354710.31863142
company_total_payment_oku
294397.693935
assumed_per_share_krw
50301.154
eligible_shares_at_exdate
585270260
ex_date_confirmed
未確認
ex_date_assumed

2033-03-23

payment_date_confirmed
未確認
payment_date_assumed

2033-04-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

95
内容を開く
year
6.855578370979
想定日

2033-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2033-09-22

ex_date_status

assumed_not_confirmed

96
内容を開く
year
6.877481177276
想定日

2033-09-22

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2033-09-30

subjective_approval_probability
0.85
97
内容を開く
year
6.877481177276
想定日

2033-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2033-09-22

eligible_shares_at_exdate
585270260
ex_date_status

assumed_not_confirmed

98
内容を開く
year
6.899383983573
想定日

2033-09-30

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2033_SEPARATE_FROM_2026_10_28

purchase_shares
27654311
company_cash_out_oku
341233.693359
execution_price_assumed_krw
1233925.8547
subjective_approval_probability
0.85
budget_if_approved_oku
401451.40082
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
99
内容を開く
year
6.937713894593
想定日

2033-10-14

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2033_SEPARATE_FROM_2026_10_28

shares_cancelled
27654311
additional_company_cash_oku
0
100
内容を開く
year
6.954140999316
想定日

2033-10-20

種類

forecast_ordinary_dividend_cash

金額
354710.31863142
company_total_payment_oku
294397.693935
assumed_per_share_krw
50301.154
eligible_shares_at_exdate
585270260
ex_date_confirmed
未確認
ex_date_assumed

2033-09-22

payment_date_confirmed
未確認
payment_date_assumed

2033-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

101
内容を開く
year
7.107460643395
想定日

2033-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
0
shares_new_issued_no_cash
3766755
employee_sbc_expense_oku
46478.96716
confirmed_execution
いいえ
102
内容を開く
year
7.353867214237
想定日

2034-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2034-03-23

ex_date_status

assumed_not_confirmed

103
内容を開く
year
7.375770020534
想定日

2034-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2034-03-23

eligible_shares_at_exdate
561382704
ex_date_status

assumed_not_confirmed

104
内容を開く
year
7.452429842574
想定日

2034-04-20

種類

forecast_ordinary_dividend_cash

金額
412631.91521607
company_total_payment_oku
328492.885985
assumed_per_share_krw
58514.964
eligible_shares_at_exdate
561382704
ex_date_confirmed
未確認
ex_date_assumed

2034-03-23

payment_date_confirmed
未確認
payment_date_assumed

2034-04-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

105
内容を開く
year
7.854893908282
想定日

2034-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2034-09-22

ex_date_status

assumed_not_confirmed

106
内容を開く
year
7.876796714579
想定日

2034-09-22

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2034-09-29

subjective_approval_probability
0.85
107
内容を開く
year
7.876796714579
想定日

2034-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2034-09-22

eligible_shares_at_exdate
561382704
ex_date_status

assumed_not_confirmed

108
内容を開く
year
7.895961670089
想定日

2034-09-29

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2034_SEPARATE_FROM_2026_10_28

purchase_shares
29376753
company_cash_out_oku
380753.113894
execution_price_assumed_krw
1296103.4662
subjective_approval_probability
0.85
budget_if_approved_oku
447944.844526
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
109
内容を開く
year
7.934291581109
想定日

2034-10-13

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2034_SEPARATE_FROM_2026_10_28

shares_cancelled
29376753
additional_company_cash_oku
0
110
内容を開く
year
7.953456536619
想定日

2034-10-20

種類

forecast_ordinary_dividend_cash

金額
412631.91521607
company_total_payment_oku
328492.885985
assumed_per_share_krw
58514.964
eligible_shares_at_exdate
561382704
ex_date_confirmed
未確認
ex_date_assumed

2034-09-22

payment_date_confirmed
未確認
payment_date_assumed

2034-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

111
内容を開く
year
8.106776180698
想定日

2034-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
0
shares_new_issued_no_cash
3909308
employee_sbc_expense_oku
50668.678228
confirmed_execution
いいえ
112
内容を開く
year
8.35318275154
想定日

2035-03-15

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2035-03-23

ex_date_status

assumed_not_confirmed

113
内容を開く
year
8.375085557837
想定日

2035-03-23

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2035-03-23

eligible_shares_at_exdate
535915259
ex_date_status

assumed_not_confirmed

114
内容を開く
year
8.451745379877
想定日

2035-04-20

種類

forecast_ordinary_dividend_cash

金額
451032.87800771
company_total_payment_oku
342774.454745
assumed_per_share_krw
63960.57
eligible_shares_at_exdate
535915259
ex_date_confirmed
未確認
ex_date_assumed

2035-03-23

payment_date_confirmed
未確認
payment_date_assumed

2035-04-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

115
内容を開く
year
8.854209445585
想定日

2035-09-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2035-09-21

ex_date_status

assumed_not_confirmed

116
内容を開く
year
8.873374401095
想定日

2035-09-21

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2035-09-28

subjective_approval_probability
0.85
117
内容を開く
year
8.873374401095
想定日

2035-09-21

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2035-09-21

eligible_shares_at_exdate
535915259
ex_date_status

assumed_not_confirmed

118
内容を開く
year
8.892539356605
想定日

2035-09-28

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2035_SEPARATE_FROM_2026_10_28

purchase_shares
30431256
company_cash_out_oku
397306.759089
execution_price_assumed_krw
1305587.7782
subjective_approval_probability
0.85
budget_if_approved_oku
467419.711016
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
119
内容を開く
year
8.939082819986
想定日

2035-10-15

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2035_SEPARATE_FROM_2026_10_28

shares_cancelled
30431256
additional_company_cash_oku
0
120
内容を開く
year
8.950034223135
想定日

2035-10-19

種類

forecast_ordinary_dividend_cash

金額
451032.87800771
company_total_payment_oku
342774.454745
assumed_per_share_krw
63960.57
eligible_shares_at_exdate
535915259
ex_date_confirmed
未確認
ex_date_assumed

2035-09-21

payment_date_confirmed
未確認
payment_date_assumed

2035-10-19

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

121
内容を開く
year
9.106091718001
想定日

2035-12-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
0
shares_new_issued_no_cash
4290652
employee_sbc_expense_oku
56018.223894
confirmed_execution
いいえ
122
内容を開く
year
9.352498288843
想定日

2036-03-14

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2036-03-21

ex_date_status

assumed_not_confirmed

123
内容を開く
year
9.371663244353
想定日

2036-03-21

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2036-03-21

eligible_shares_at_exdate
509774655
ex_date_status

assumed_not_confirmed

124
内容を開く
year
9.448323066393
想定日

2036-04-18

種類

forecast_ordinary_dividend_cash

金額
430588.39362979
company_total_payment_oku
311275.316775
assumed_per_share_krw
61061.356
eligible_shares_at_exdate
509774655
ex_date_confirmed
未確認
ex_date_assumed

2036-03-21

payment_date_confirmed
未確認
payment_date_assumed

2036-04-18

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

125
内容を開く
year
9.850787132101
想定日

2036-09-12

種類

unannounced_dividend_ex_date_recheck_gate

金額
0
prediction_only
はい
ex_date_assumed

2036-09-22

ex_date_status

assumed_not_confirmed

126
内容を開く
year
9.878165639973
想定日

2036-09-22

種類

not_yet_approved_additional_buyback_quarterly_board_gate

金額
0
planned_execution_date_assumed

2036-09-30

subjective_approval_probability
0.85
127
内容を開く
year
9.878165639973
想定日

2036-09-22

種類

predicted_dividend_ex_date_zero_cash

金額
0
ex_date_confirmed
未確認
ex_date_assumed

2036-09-22

eligible_shares_at_exdate
509774655
ex_date_status

assumed_not_confirmed

128
内容を開く
year
9.90006844627
想定日

2036-09-30

種類

unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash

金額
0
program_id

UNANNOUNCED_YEAR_2036_SEPARATE_FROM_2026_10_28

purchase_shares
26969422
company_cash_out_oku
360796.394852
execution_price_assumed_krw
1337798.0249
subjective_approval_probability
0.85
budget_if_approved_oku
424466.341057
is_probability_weighted_synthetic_expected_purchase
はい
confirmed_board_resolution
いいえ
129
内容を開く
year
9.941136208077
想定日

2036-10-15

種類

employee_award_delivery_non_cash

金額
0
shares_from_prior_treasury
0
shares_new_issued_no_cash
3871857
employee_sbc_expense_oku
51797.62126
confirmed_execution
いいえ
130
内容を開く
year
9.941136208077
想定日

2036-10-15

種類

unannounced_future_board_conditional_treasury_cancellation_non_cash

金額
0
program_id

UNANNOUNCED_YEAR_2036_SEPARATE_FROM_2026_10_28

shares_cancelled
26969422
additional_company_cash_oku
0
131
内容を開く
year
9.954825462012
想定日

2036-10-20

種類

forecast_ordinary_dividend_cash

金額
430588.39362979
company_total_payment_oku
311275.316775
assumed_per_share_krw
61061.356
eligible_shares_at_exdate
509774655
ex_date_confirmed
未確認
ex_date_assumed

2036-09-22

payment_date_confirmed
未確認
payment_date_assumed

2036-10-20

special_kioxia_nonrecurring_oku
0
ex_date_status

assumed_not_confirmed

その他の数値・前提

expected_growth_terminal_g
0.028
cost_of_equity_k
0.11
terminal_wacc
0.098
future_new_board_repurchases_unannounced
はい
future_new_board_approval_probability_assumed
0.85
future_new_board_approval_probability_kind

subjective risk-adjusted event amount factor, not a confirmed board approval or independent stochastic branch

terminal_cashflow_method

operating_FCFF_Gordon_perpetuity_plus_true_excess_liquidity_minus_interest_bearing_debt_minus_NCI

キャッシュフローの算出方法

timed_holder_cashflows_v1

holder_model

ONE_OLD_SHARE_NEVER_TENDERS_NORMALIZED_BY_705173324_BASE_PROXY_SHARES_SYNTHETIC_NOT_ACTUAL_COHORT

旧株主の初期投資額(億)
7982562.02768
年度別・部分期間の財務台帳
内容を開く
1
内容を開く
年度
2026
期間開始(翌日から)

2026-11-06

期間末

2026-12-31

期間日数
55
fraction_365_25
0.1505817933
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
165639.972621
conventional_dram
308692.676249
nand
143052.703628
other
12742.128953
売上高
630127.481451
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
1
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
1100000
conventional_dram
volume_index_vs_q3_2026
1
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
2050000
nand
volume_index_vs_q3_2026
1
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
950000
other
volume_index_vs_q3_2026
1
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
84619.32
cogs_including_embedded_depreciation_oku
125760.842748
non_sbc_sga_and_rd_oku
59181.573058
sbc_expense_in_operating_cost_oku
4095.828629
operating_cost_total_including_sbc_oku
189038.244435
営業利益(株式報酬控除後)
441089.237016
営業利益率
70.00%
interest_income_oku
2985.138097
interest_expense_oku
1070.63655
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
443003.738562
income_tax_expense_oku
108535.915948
nci_profit_oku
1672.339113
親会社帰属利益
332795.483501
depreciation_and_amortization_noncash_addback_oku
78765.935181
sbc_noncash_addback_to_operating_cash_oku
4095.828629
設備投資
116573.584068
運転資本の増加
0
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
415657.247312
regular_dividend_company_oku
70417.3324
kioxia_special_dividend_company_oku
70417.3324
total_dividend_company_cash_oku
140834.6648
buyback_cancellation_company_cash_oku
41383.822924
buyback_employee_treasury_company_cash_oku
41383.822924
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
0
debt_draw_oku
0
debt_repayment_oku
38000
cash_liquidity_begin_oku
1043370.038075
cash_liquidity_end_oku
1080851.390671
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
3113093.552691
unpaid_legacy_tax_liability_end_oku
310000
declared_dividend_book_equity_adjustment_oku
200
issuer_common_shares_issued_end
706799093
treasury_shares_end
9585769
effective_shares_end
697213324
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.4343E-9
cancelled_shares
3480000
employee_treasury_newly_purchased_shares
3480000
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
0
employee_plan_earmarked_treasury_shares_remaining
3980000
cancellation_earmarked_treasury_shares_remaining
3980000
shares_legally_cancelled_in_period
0
approved_oct28_plan_purchased_shares_in_period
6960000
approved_oct28_plan_purchase_cash_oku
82767.645848
approved_oct28_plan_cumulative_shares_including_assumed_preasof
7960000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
94087.645848
approved_oct28_plan_remaining_shares
6960000
unannounced_conditional_new_program_shares_in_period
0
unannounced_conditional_new_program_cash_oku
0
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.434281E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.0114168787744
cash_paid_option_new_shares
0
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1189190.31
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
141034.6648
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

2
内容を開く
年度
2027
期間開始(翌日から)

2026-12-31

期間末

2027-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
1382545.051335
conventional_dram
2021965.092402
nand
934539.904175
other
86252.629257
売上高
4425302.677169
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
1.41
asp_index_vs_q3_2026
0.892
revenue_full_runrate_oku
1383492
conventional_dram
volume_index_vs_q3_2026
1.05
asp_index_vs_q3_2026
0.94
revenue_full_runrate_oku
2023350
nand
volume_index_vs_q3_2026
1.07
asp_index_vs_q3_2026
0.92
revenue_full_runrate_oku
935180
other
volume_index_vs_q3_2026
1.02
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
86311.7064
cogs_including_embedded_depreciation_oku
1244306.606766
non_sbc_sga_and_rd_oku
585556.050243
sbc_expense_in_operating_cost_oku
28764.467402
operating_cost_total_including_sbc_oku
1858627.124411
営業利益(株式報酬控除後)
2566675.552758
営業利益率
58.00%
interest_income_oku
20522.120176
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
2581801.369033
income_tax_expense_oku
632541.335413
nci_profit_oku
9746.300168
親会社帰属利益
1939513.733452
depreciation_and_amortization_noncash_addback_oku
553162.834646
sbc_noncash_addback_to_operating_cash_oku
28764.467402
設備投資
818680.995276
運転資本の増加
19483.80584
legacy_tax_liability_cash_settlement_oku
200000
operating_cash_generated_proxy_oku
2501957.22966
regular_dividend_company_oku
426693.021359
kioxia_special_dividend_company_oku
160000
total_dividend_company_cash_oku
586693.021359
buyback_cancellation_company_cash_oku
38412.087502
buyback_employee_treasury_company_cash_oku
38412.087502
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
0
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
1080851.390671
cash_liquidity_end_oku
1900610.42869
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
4417854.557181
unpaid_legacy_tax_liability_end_oku
110000
declared_dividend_book_equity_adjustment_oku
-586693.021359
issuer_common_shares_issued_end
699339093
treasury_shares_end
9085769
effective_shares_end
690253324
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.4487E-9
cancelled_shares
3480000
employee_treasury_newly_purchased_shares
3480000
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
0
employee_plan_earmarked_treasury_shares_remaining
7460000
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
7460000
approved_oct28_plan_purchased_shares_in_period
6960000
approved_oct28_plan_purchase_cash_oku
76824.175004
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
0
unannounced_conditional_new_program_cash_oku
0
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.448743E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.0216152526634
cash_paid_option_new_shares
0
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1103795.62
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
599374.539252
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

3
内容を開く
年度
2028
期間開始(翌日から)

2027-12-31

期間末

2028-12-31

期間日数
366
fraction_365_25
1.0020533881
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
1702517.242971
conventional_dram
2047433.931338
nand
949991.781422
other
88218.716587
売上高
4788161.672317
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
1.89539356
asp_index_vs_q3_2026
0.81490798
revenue_full_runrate_oku
1699028.478128
conventional_dram
volume_index_vs_q3_2026
1.1025
asp_index_vs_q3_2026
0.90403777
revenue_full_runrate_oku
2043238.370003
nand
volume_index_vs_q3_2026
1.1449
asp_index_vs_q3_2026
0.87164135
revenue_full_runrate_oku
948045.076952
other
volume_index_vs_q3_2026
1.0404
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
88037.940528
cogs_including_embedded_depreciation_oku
1509132.795881
non_sbc_sga_and_rd_oku
710180.139238
sbc_expense_in_operating_cost_oku
31123.05087
operating_cost_total_including_sbc_oku
2250435.985989
営業利益(株式報酬控除後)
2537725.686328
営業利益率
53.00%
interest_income_oku
36185.749271
interest_expense_oku
5411.088296
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
2568500.347303
income_tax_expense_oku
629282.585089
nci_profit_oku
9696.088811
親会社帰属利益
1929521.673403
depreciation_and_amortization_noncash_addback_oku
598520.20904
sbc_noncash_addback_to_operating_cash_oku
31123.05087
設備投資
885809.909379
運転資本の増加
28058.790258
legacy_tax_liability_cash_settlement_oku
110000
operating_cash_generated_proxy_oku
2531106.143054
regular_dividend_company_oku
424494.768149
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
424494.768149
buyback_cancellation_company_cash_oku
246014.009382
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
531.266276
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
1900610.42869
cash_liquidity_end_oku
2765929.151112
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
5708521.770199
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-424494.768149
issuer_common_shares_issued_end
676793182
treasury_shares_end
6223995
effective_shares_end
670569187
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.4913E-9
cancelled_shares
22621065
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
2861774
employee_award_new_shares_issued_for_zero_cash
0
employee_plan_earmarked_treasury_shares_remaining
4598226
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
22621065
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
22621065
unannounced_conditional_new_program_cash_oku
246014.009382
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.49127E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.0516041262719
cash_paid_option_new_shares
75154
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1087543.89
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
433646.72362
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

4
内容を開く
年度
2029
期間開始(翌日から)

2028-12-31

期間末

2029-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
2041673.282473
conventional_dram
1984435.791563
nand
915346.311573
other
89737.235479
売上高
5031192.621087
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
2.44886889
asp_index_vs_q3_2026
0.75844726
revenue_full_runrate_oku
2043071.688831
conventional_dram
volume_index_vs_q3_2026
1.157625
asp_index_vs_q3_2026
0.83678262
revenue_full_runrate_oku
1985794.99416
nand
volume_index_vs_q3_2026
1.225043
asp_index_vs_q3_2026
0.78706003
revenue_full_runrate_oku
915973.261101
other
volume_index_vs_q3_2026
1.061208
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
89798.699339
cogs_including_embedded_depreciation_oku
1654155.509961
non_sbc_sga_and_rd_oku
778426.122335
sbc_expense_in_operating_cost_oku
32702.752037
operating_cost_total_including_sbc_oku
2465284.384333
営業利益(株式報酬控除後)
2565908.236755
営業利益率
51.00%
interest_income_oku
52516.68354
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
2613028.616393
income_tax_expense_oku
640192.011016
nci_profit_oku
9864.183027
親会社帰属利益
1962972.42235
depreciation_and_amortization_noncash_addback_oku
628899.077636
sbc_noncash_addback_to_operating_cash_oku
32702.752037
設備投資
930770.634901
運転資本の増加
20489.068617
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
2604085.183406
regular_dividend_company_oku
431853.932917
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
431853.932917
buyback_cancellation_company_cash_oku
250278.982492
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
533.243389
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
2765929.151112
cash_liquidity_end_oku
3757644.027596
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
7022597.272565
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-431853.932917
issuer_common_shares_issued_end
654002768
treasury_shares_end
3236288
effective_shares_end
650766480
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.5366E-9
cancelled_shares
22865363
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
2987707
employee_award_new_shares_issued_for_zero_cash
0
employee_plan_earmarked_treasury_shares_remaining
1610519
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
22865363
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
22865363
unannounced_conditional_new_program_cash_oku
250278.982492
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.53665E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.0836042507905
cash_paid_option_new_shares
74949
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1094576.9
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
454114.001235
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

5
内容を開く
年度
2030
期間開始(翌日から)

2029-12-31

期間末

2030-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
2411000.563435
conventional_dram
2051247.505075
nand
957195.226694
other
91531.980188
売上高
5510975.275393
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
3.06232118
asp_index_vs_q3_2026
0.71622792
revenue_full_runrate_oku
2412651.933684
conventional_dram
volume_index_vs_q3_2026
1.21550625
asp_index_vs_q3_2026
0.82376696
revenue_full_runrate_oku
2052652.46912
nand
volume_index_vs_q3_2026
1.31079601
asp_index_vs_q3_2026
0.76919981
revenue_full_runrate_oku
957850.839863
other
volume_index_vs_q3_2026
1.08243216
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
91594.673325
cogs_including_embedded_depreciation_oku
1849373.082916
non_sbc_sga_and_rd_oku
870293.21549
sbc_expense_in_operating_cost_oku
35821.33929
operating_cost_total_including_sbc_oku
2755487.637696
営業利益(株式報酬控除後)
2755487.637696
営業利益率
50.00%
interest_income_oku
71346.369148
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
2821437.702943
income_tax_expense_oku
691252.237221
nci_profit_oku
10650.927329
親会社帰属利益
2119534.538393
depreciation_and_amortization_noncash_addback_oku
688871.909424
sbc_noncash_addback_to_operating_cash_oku
35821.33929
設備投資
1019530.425948
運転資本の増加
38382.612344
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
2805845.174763
regular_dividend_company_oku
466297.598447
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
466297.598447
buyback_cancellation_company_cash_oku
270240.648939
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
548.58402
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
3757644.027596
cash_liquidity_end_oku
4807969.113046
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
8441963.486883
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-466297.598447
issuer_common_shares_issued_end
631649657
treasury_shares_end
1625769
effective_shares_end
630023888
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.5872E-9
cancelled_shares
23998645
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
1610519
employee_award_new_shares_issued_for_zero_cash
1570585
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
23998645
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
23998645
unannounced_conditional_new_program_cash_oku
270240.648939
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.587241E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.1192802962417
cash_paid_option_new_shares
74949
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1126066.28
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
505252.966406
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

6
内容を開く
年度
2031
期間開始(翌日から)

2030-12-31

期間末

2031-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
2803817.037666
conventional_dram
2207831.883421
nand
1049896.126677
other
93362.619792
売上高
6154907.667555
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
3.72845594
asp_index_vs_q3_2026
0.68410904
revenue_full_runrate_oku
2805737.460294
conventional_dram
volume_index_vs_q3_2026
1.27628156
asp_index_vs_q3_2026
0.84442874
revenue_full_runrate_oku
2209344.09704
nand
volume_index_vs_q3_2026
1.40255173
asp_index_vs_q3_2026
0.7884991
revenue_full_runrate_oku
1050615.233613
other
volume_index_vs_q3_2026
1.1040808
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
93426.566792
cogs_including_embedded_depreciation_oku
2107317.287217
non_sbc_sga_and_rd_oku
991678.723396
sbc_expense_in_operating_cost_oku
40006.899839
operating_cost_total_including_sbc_oku
3139002.910453
営業利益(株式報酬控除後)
3015904.757102
営業利益率
49.00%
interest_income_oku
91288.886513
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
3101797.339714
income_tax_expense_oku
759940.34823
nci_profit_oku
11709.284957
親会社帰属利益
2330147.706527
depreciation_and_amortization_noncash_addback_oku
769363.458444
sbc_noncash_addback_to_operating_cash_oku
40006.899839
設備投資
1138657.918498
運転資本の増加
51514.591373
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
3088003.473437
regular_dividend_company_oku
512632.495436
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
512632.495436
buyback_cancellation_company_cash_oku
297093.828083
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
567.539288
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
4807969.113046
cash_liquidity_end_oku
5948155.883755
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
10002959.309018
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-512632.495436
issuer_common_shares_issued_end
609656591
treasury_shares_end
1625769
effective_shares_end
608030822
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.6447E-9
cancelled_shares
25502156
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
3434141
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
25502156
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
25502156
unannounced_conditional_new_program_cash_oku
297093.828083
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.644653E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.159765752796
cash_paid_option_new_shares
74949
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1164975.34
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
573745.326394
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

7
内容を開く
年度
2032
期間開始(翌日から)

2031-12-31

期間末

2032-12-31

期間日数
366
fraction_365_25
1.0020533881
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
3227999.827589
conventional_dram
2309874.272069
nand
1115431.186794
other
95490.775947
売上高
6748796.062399
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
4.44179817
asp_index_vs_q3_2026
0.65931224
revenue_full_runrate_oku
3221385.073844
conventional_dram
volume_index_vs_q3_2026
1.34009564
asp_index_vs_q3_2026
0.83908861
revenue_full_runrate_oku
2305140.923151
nand
volume_index_vs_q3_2026
1.50073035
asp_index_vs_q3_2026
0.78077455
revenue_full_runrate_oku
1113145.467149
other
volume_index_vs_q3_2026
1.12616242
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
95295.098128
cogs_including_embedded_depreciation_oku
2402436.422293
non_sbc_sga_and_rd_oku
1130558.316373
sbc_expense_in_operating_cost_oku
43867.174406
operating_cost_total_including_sbc_oku
3576861.913072
営業利益(株式報酬控除後)
3171934.149328
営業利益率
47.00%
interest_income_oku
113247.025368
interest_expense_oku
5411.088296
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
3279770.0864
income_tax_expense_oku
803543.671168
nci_profit_oku
12381.132076
親会社帰属利益
2463845.283156
depreciation_and_amortization_noncash_addback_oku
843599.5078
sbc_noncash_addback_to_operating_cash_oku
43867.174406
設備投資
1248527.271544
運転資本の増加
46162.050729
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
3305149.914632
regular_dividend_company_oku
542045.962294
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
542045.962294
buyback_cancellation_company_cash_oku
314140.270104
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
578.167455
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
5948155.883755
cash_liquidity_end_oku
7149170.461899
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
11655063.701636
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-542045.962294
issuer_common_shares_issued_end
586896029
treasury_shares_end
1625769
effective_shares_end
585270260
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.7086E-9
cancelled_shares
26542109
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
3706393
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
26542109
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
26542109
unannounced_conditional_new_program_cash_oku
314140.270104
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.708612E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.2048678571161
cash_paid_option_new_shares
75154
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1183554.29
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
628607.497249
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

8
内容を開く
年度
2033
期間開始(翌日から)

2032-12-31

期間末

2033-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
3657226.402454
conventional_dram
2288051.067384
nand
1108198.392835
other
97134.469632
売上高
7150610.332304
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
5.19914758
asp_index_vs_q3_2026
0.63991807
revenue_full_runrate_oku
3659731.352045
conventional_dram
volume_index_vs_q3_2026
1.40710042
asp_index_vs_q3_2026
0.7937507
revenue_full_runrate_oku
2289618.225649
nand
volume_index_vs_q3_2026
1.60578148
asp_index_vs_q3_2026
0.72695048
revenue_full_runrate_oku
1108957.43283
other
volume_index_vs_q3_2026
1.14868567
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
97201.00009
cogs_including_embedded_depreciation_oku
2496850.115834
non_sbc_sga_and_rd_oku
1174988.289804
sbc_expense_in_operating_cost_oku
46478.96716
operating_cost_total_including_sbc_oku
3718317.372798
営業利益(株式報酬控除後)
3432292.959506
営業利益率
48.00%
interest_income_oku
135741.265307
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
3562637.920911
income_tax_expense_oku
872846.290623
nci_profit_oku
13448.958151
親会社帰属利益
2676342.672137
depreciation_and_amortization_noncash_addback_oku
893826.291538
sbc_noncash_addback_to_operating_cash_oku
46478.96716
設備投資
1322862.911476
運転資本の増加
33620.288273
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
3583027.642562
regular_dividend_company_oku
588795.38787
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
588795.38787
buyback_cancellation_company_cash_oku
341233.693359
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
0
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
7149170.461899
cash_liquidity_end_oku
8479306.111756
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
13447856.259703
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-588795.38787
issuer_common_shares_issued_end
563008473
treasury_shares_end
1625769
effective_shares_end
561382704
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.7813E-9
cancelled_shares
27654311
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
3766755
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
27654311
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
27654311
unannounced_conditional_new_program_cash_oku
341233.693359
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.781316E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.2561365339107
cash_paid_option_new_shares
0
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1233925.85
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
709420.637263
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

9
内容を開く
年度
2034
期間開始(翌日から)

2033-12-31

期間末

2034-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
4119070.157817
conventional_dram
2396276.605912
nand
1180757.343076
other
99077.159024
売上高
7795181.265829
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
5.99962933
asp_index_vs_q3_2026
0.62456759
revenue_full_runrate_oku
4121891.438747
conventional_dram
volume_index_vs_q3_2026
1.47745544
asp_index_vs_q3_2026
0.79170986
revenue_full_runrate_oku
2397917.891259
nand
volume_index_vs_q3_2026
1.71818618
asp_index_vs_q3_2026
0.72387602
revenue_full_runrate_oku
1181566.080982
other
volume_index_vs_q3_2026
1.17165938
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
99145.020092
cogs_including_embedded_depreciation_oku
2668914.161795
non_sbc_sga_and_rd_oku
1255959.60555
sbc_expense_in_operating_cost_oku
50668.678228
operating_cost_total_including_sbc_oku
3975542.445573
営業利益(株式報酬控除後)
3819638.820256
営業利益率
49.00%
interest_income_oku
160996.544518
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
3975239.060872
income_tax_expense_oku
973933.569914
nci_profit_oku
15006.527455
親会社帰属利益
2986298.963504
depreciation_and_amortization_noncash_addback_oku
974397.658229
sbc_noncash_addback_to_operating_cash_oku
50668.678228
設備投資
1442108.534178
運転資本の増加
51565.674682
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
3959799.625278
regular_dividend_company_oku
656985.771971
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
656985.771971
buyback_cancellation_company_cash_oku
380753.113894
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
0
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
8479306.111756
cash_liquidity_end_oku
9959258.316991
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
15447085.01557
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-656985.771971
issuer_common_shares_issued_end
537541028
treasury_shares_end
1625769
effective_shares_end
535915259
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.866E-9
cancelled_shares
29376753
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
3909308
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
29376753
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
29376753
unannounced_conditional_new_program_cash_oku
380753.113894
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.865967E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.3158299043693
cash_paid_option_new_shares
0
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1296103.47
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
825263.830432
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

10
内容を開く
年度
2035
期間開始(翌日から)

2034-12-31

期間末

2035-12-31

期間日数
365
fraction_365_25
0.9993155373
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
4606664.944622
conventional_dram
2600028.664071
nand
1310435.980502
other
101058.702205
売上高
8618188.2914
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
6.84450658
asp_index_vs_q3_2026
0.61227871
revenue_full_runrate_oku
4609820.194584
conventional_dram
volume_index_vs_q3_2026
1.55132822
asp_index_vs_q3_2026
0.81812176
revenue_full_runrate_oku
2601809.505622
nand
volume_index_vs_q3_2026
1.83845921
asp_index_vs_q3_2026
0.75081954
revenue_full_runrate_oku
1311333.539393
other
volume_index_vs_q3_2026
1.19509257
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
101127.920494
cogs_including_embedded_depreciation_oku
3126506.348354
non_sbc_sga_and_rd_oku
1471297.105108
sbc_expense_in_operating_cost_oku
56018.223894
operating_cost_total_including_sbc_oku
4653821.677356
営業利益(株式報酬控除後)
3964366.614044
営業利益率
46.00%
interest_income_oku
189096.389948
interest_expense_oku
5396.303901
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
4148066.70009
income_tax_expense_oku
1016276.341522
nci_profit_oku
15658.951793
親会社帰属利益
3116131.406775
depreciation_and_amortization_noncash_addback_oku
1077273.536425
sbc_noncash_addback_to_operating_cash_oku
56018.223894
設備投資
1594364.833909
運転資本の増加
65840.562046
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
4183582.605049
regular_dividend_company_oku
685548.909491
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
685548.909491
buyback_cancellation_company_cash_oku
397306.759089
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
0
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
9959258.316991
cash_liquidity_end_oku
11465620.419551
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
17536378.97766
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-685548.909491
issuer_common_shares_issued_end
511400424
treasury_shares_end
1625769
effective_shares_end
509774655
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
1.9617E-9
cancelled_shares
30431256
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
4290652
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
30431256
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
30431256
unannounced_conditional_new_program_cash_oku
397306.759089
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
1.961651E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.3833040091018
cash_paid_option_new_shares
0
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1305587.78
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
902065.756015
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

11
内容を開く
年度
2036
期間開始(翌日から)

2035-12-31

期間末

2036-11-06

期間日数
311
fraction_365_25
0.8514715948
実績・予測の区分

forecast

segment_revenue_oku
内容を開く
hbm
4364790.135494
conventional_dram
2323703.625598
nand
1192541.345326
other
87829.702776
売上高
7968864.809195
segment_quantity_price_indices
内容を開く
hbm
volume_index_vs_q3_2026
7.73688959
asp_index_vs_q3_2026
0.60232948
revenue_full_runrate_oku
5126172.337586
conventional_dram
volume_index_vs_q3_2026
1.62889463
asp_index_vs_q3_2026
0.81726654
revenue_full_runrate_oku
2729044.209806
nand
volume_index_vs_q3_2026
1.96715136
asp_index_vs_q3_2026
0.74944868
revenue_full_runrate_oku
1400565.036593
other
volume_index_vs_q3_2026
1.21899442
asp_index_vs_q3_2026
1
revenue_full_runrate_oku
103150.478904
cogs_including_embedded_depreciation_oku
2945133.056182
non_sbc_sga_and_rd_oku
1385944.967615
sbc_expense_in_operating_cost_oku
51797.62126
operating_cost_total_including_sbc_oku
4382875.645057
営業利益(株式報酬控除後)
3585989.164138
営業利益率
45.00%
interest_income_oku
185490.351976
interest_expense_oku
4597.946612
nonrecurring_kioxia_profit_oku
0
profit_before_tax_oku
3766881.569501
income_tax_expense_oku
922885.984528
nci_profit_oku
14219.977925
親会社帰属利益
2829775.607049
depreciation_and_amortization_noncash_addback_oku
996108.101149
sbc_noncash_addback_to_operating_cash_oku
51797.62126
設備投資
1474239.989701
運転資本の増加
50055.692434
legacy_tax_liability_cash_settlement_oku
0
operating_cash_generated_proxy_oku
3827625.637024
regular_dividend_company_oku
622550.633551
kioxia_special_dividend_company_oku
0
total_dividend_company_cash_oku
622550.633551
buyback_cancellation_company_cash_oku
360796.394852
buyback_employee_treasury_company_cash_oku
0
thirdparty_new_issuance_cash_oku
0
employee_option_subscription_cash_oku
0
debt_draw_oku
0
debt_repayment_oku
0
cash_liquidity_begin_oku
11465620.419551
cash_liquidity_end_oku
12835659.038471
interest_bearing_debt_end_oku
120000
parent_book_equity_end_oku
19434605.177566
unpaid_legacy_tax_liability_end_oku
0
declared_dividend_book_equity_adjustment_oku
-622550.633551
issuer_common_shares_issued_end
488302859
treasury_shares_end
1625769
effective_shares_end
486677090
holder_constant_non_tendered_old_shares
1
holder_share_equivalence_factor
2.0548E-9
cancelled_shares
26969422
employee_treasury_newly_purchased_shares
0
employee_award_treasury_shares_delivered
0
employee_award_new_shares_issued_for_zero_cash
3871857
employee_plan_earmarked_treasury_shares_remaining
0
cancellation_earmarked_treasury_shares_remaining
0
shares_legally_cancelled_in_period
26969422
approved_oct28_plan_purchased_shares_in_period
0
approved_oct28_plan_purchase_cash_oku
0
approved_oct28_plan_cumulative_shares_including_assumed_preasof
14920000
approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
170911.820852
approved_oct28_plan_remaining_shares
0
unannounced_conditional_new_program_shares_in_period
26969422
unannounced_conditional_new_program_cash_oku
360796.394852
unannounced_new_program_subjective_approval_probability
0.85
synthetic_old_share_count_basis_multiplier
705173324
one_old_share_ownership_fraction
2.054751E-9
synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
1.4489552487461
cash_paid_option_new_shares
0
thirdparty_paid_new_shares
0
hypothetical_market_execution_price_krw
1337798.02
holder_buyback_cash_oku
0
holder_issuer_subscriptions_cash_oku
0
holder_annual_dividend_synthetic_not_real_oku
861176.78726
book_equity_bridge_formula

end=start+parent_NI+equity_settled_SBC_credit+adjusted_dividend_equity_charge -cancel_buyback_cash -employee_treasury_cash +paid_option_proceeds +other_paid_issuance_proceeds

liquidity_bridge_formula

end=start+parent_NI+DA+noncash_SBC-ΔWC-capex-dividends-cancel_buybacks-employee_treasury_purchase+option_proceeds+thirdparty_issue+debt_draw-debt_repay-legacy_accrued_tax_payments

期間内株主受取
6633702.729925
終価
75147612.891272
normalization_definition

one_old_share_cashflow_or_terminal_value_times_basis.shares / 1e8; neither figure is an actual 705m holder cohort cashflow

terminal_old_cohort_mcap_oku
75147612.891272
terminal_old_cohort_is_synthetic_not_actual_aggregate
はい
terminal_issuer_total_equity_value_oku
51863308.377744
terminal_issuer_outstanding_shares
486677090
terminal_issuer_common_price_krw
10656615.95
terminal_old_holder_ownership_fraction
未確認
terminal_synthetic_share_equivalence_multiplier_NOT_REAL_OWNERSHIP
1.4489552487461
terminal_one_old_share_ownership_fraction
2.054751E-9
terminal_one_old_share_value_krw
10656615.945851
synthetic_display_entitlement_is_not_real_all_shareholder_aggregate
はい
synthetic_multiplier_fixed_from_basis_shares
705173324
終価の基準日

2036-11-06

terminal_year_ACT_365_25
10.001368925394
終価の内訳(億)
内容を開く
2037_sustainable_revenue_oku
9620982.16065
2037_sustainable_operating_profit_after_SBC_oku
4185127.239883
2037_sustainable_SBC_expense_oku
62536.384044
2037_NCI_unadjusted_NOPAT_oku
3159771.066111
2037_DA_addback_oku
1202622.770081
2037_maintenance_plus_growth_capex_oku
1539357.145704
2037_WC_reinvestment_oku
21551.00004
2037_SBC_employee_delivery_shares
4667255
2037_assumed_market_price_for_sbc_buyback_krw
1339896.36
2037_stock_replenishment_cash_out_oku
62536.379683
2037_equity_SBC_noncash_credit_added_once_oku
62536.384044
2037_extra_SBC_cash_adjustment_oku
0.004362
2037_sustainable_FCFF_after_employee_replenishment_oku
2801485.69481
WACC
0.098
perpetual_growth
0.028
operating_enterprise_value_oku
40021224.211576
consolidated_liquidity_end_oku
12835659.038471
required_operating_cash_not_surplus_oku
673468.751245
net_liquidity_after_operating_reserve_oku
12162190.287226
debt_end_oku
120000
economic_NCI_deduction_oku
200106.121058
independent_Kioxia_holdings_additional_valuation_oku
0
terminal_parent_company_equity_value_oku
51863308.377744
non_selling_real_claim_share_count
1
synthetic_share_count_multiplier
705173324
effective_total_common_share_count
486677090
old_block_equity_value_oku
75147612.891272
terminal_formula

EV=(NOPAT+DA+equity_SBC_credit-capex-ΔNWC-market_employee_share_replenishment_cash)/(WACC-g); equity=EV+cash-required_cash-debt-econ_NCI; one_old_share=equity/outstanding; synthetic_oku=one_old_share_KRW*705173324/1e8; synthetic ratio can exceed 1 and is NOT real equity ownership

韓国源泉税控除前のIRR
0.2899409001
irr_annual
0.2899409001
net_korea_source_tax_after_irr
未確認
税引後の数値がない理由

EWY実際の韓国配当源泉税率・条約適格性・申請状況・還付を対象投資時点で一次資料から確定できない

gross_irrcf_NPV_at_irr_oku
3.0E-9
pv_timed_holder_distributions_at_equity_k_oku
3846804.456068
pv_holder_terminal_at_equity_k_oku
26462042.211411
pv_total_holder_payout_at_k_oku
30308846.667479
source_tax_before_cashflows_all_nonnegative
はい
buyback_proportionate_tender
いいえ
no_old_holder_cash_for_buyback
はい
old_holder_share_count_does_not_change
はい
売上高
9358932.062889
営業利益
4211519.4283
adjust_oku
0
純利益
3323394.020819
期間内の親会社利益合計(億)
24686879.490247
equity_oku
19434605.177566
multiple
kind

forward_FCFF_over_WACC_minus_g

値
14.28571429
why

2037継続FCFFにWACC-gを適用した企業価値係数。PERではない。現金・借入・NCIを後段で調整し旧株主の持分比率を掛ける。

approved_oct28_plan_reconciliation
内容を開く
initial_cutoff_assumed_shares
1000000
remaining_at_cutoff_shares
13920000
approved_target_planned_shares
14920000
future_purchase_shares
13920000
whole_program_expected_shares
14920000
future_plan_purchase_company_cash_oku
159591.82085
total_plan_purchase_company_cash_including_assumed_preasof_oku
170911.82085
future_employee_treasury_shares
6960000
future_cancellation_purpose_treasury_shares
6960000
future_cancellation_uses_no_additional_company_cash
はい
all_future_execution_cost_derived_from_scenario_market_price
はい
not_actually_verified_execution
はい
new_post2027_conditional_programs_count_under_this_approved_plan
0
future_unannounced_board_probability_assumed
0.85

AI普及・循環的な平準化(確率 40.0%)

HBM数量は増えるが2026Q3の異常なASPと高い採算は漸減し半導体循環を経験

確率の根拠

40%: 成長しつつメモリー循環正常化という中心仮定

このシナリオの数値・キャッシュフローを開く →

HBM競争・価格正常化(確率 25.0%)

HBM価格競争と汎用DRAM/NAND ASP下落で持続利益が縮小

確率の根拠

25%: メモリー設備過剰と先端競争の過去の性質を反映

このシナリオの数値・キャッシュフローを開く →

AI設備過剰・メモリー大不況(確率 10.0%)

供給過剰と価格急落、高額設備投資で外部資金を要する

確率の根拠

10%: HBM供給競争・AI設備投資停止のテールリスク

このシナリオの数値・キャッシュフローを開く →

金額の単位

億KRW

事業の詳細

segments_accounting

K-IFRS reports one semiconductor operating segment. Revenue disaggregation HBM/commodity DRAM/NAND in 2027-36 is an analyst forecast, not a verified financial reportable-segment split.

products
内容を開く
1

HBM high-bandwidth DRAM for AI GPU accelerators, subset of total DRAM

2

Conventional DRAM: DDR5/server/mobile/PC

3

NAND flash: eSSD / enterprise SSD (including Solidigm)

4

Other memory packaging and services

2026_q3_market_context

2026Q3 provisional revenue and price-driven margin unusually elevated. Company LTA cover more than 50% of planned 2027-28 capacity with price adjustment mechanisms; not guaranteed ASP or margin.

kioxia

Gains, derivative movements and related 2026 special shareholder distributions are non-recurring. In model: 2026 special 10k KRW in confirmed quarterly dividend + a separate hypothetical FY26 residual cash distribution in 2027. Neither gains nor special dividends are added to future sustainable EBIT or an independently valued terminal Kioxia asset.

競争力の詳細

HBM_technology_strength

issuer reports HBM4 production ramp and demand under long-term agreements; HBM volumes/market shares not uncritically equated to entire consolidated reportable-segment share

weaknesses
内容を開く
1

customer concentration in AI accelerators

2

memory supply/price cyclicality

3

large fabs/cleanrooms, EUV/packaging and capex commitments

4

technology yield, competition and export controls

5

financial-asset valuation gains distorting group NI

6

rapid equity issuance / employee stock incentives and capital-market funding

strengths
内容を開く
1

advanced HBM supply position

2

strong 2026 spot market pricing and operating cash generation

3

Solidigm enterprise SSD exposure

4

long-term contract coverage

5

debt partly offset by large liquid financial assets

scoring
内容を開く
technology
8
balance_sheet
7
recurring_earnings_visibility
4
capital_discipline
5
cycle_stability
2
scores_subjective
はい

業界の詳細

structure

oligopolistic DRAM/HBM and competitive NAND, high fixed costs, inventory cycles, fab lags

analysis_aspects
内容を開く
1

AI accelerator HBM demand volume

2

HBM4 yield and premium ASP

3

DDR5 and conventional DRAM bit shipments and ASP

4

NAND/eSSD bit volumes and ASP

5

capex vs depreciation and wafer throughput

6

tax and working capital requirements

7

incremental equity issuance

8

export control, FX and semiconductor cycle

2026_q3_proxy_revenue_basket_oku
内容を開く
hbm
1100000
conventional_dram
2050000
nand
950000
other
84619.32
disclosure_status

HBM share within DRAM not separately confirmed at 2026 Q3; synthetic baskets allocate Q3 total only for scenario construction and MUST NOT appear as actual segment financials

volume_asp_mechanics

Each forecast segment annual revenue = Q3 2026 synthetic annualized base × cumulative volume index × cumulative relative ASP index. HBM excludes any overlap with conventional DRAM. Annual margin derived from total revenue and scenario profitability assumptions.

財務・資本配分の詳細

reviewed_balance_sheet_2026_06
内容を開く
日付

2026-06-30

状態

K-IFRS interim consolidated financial statements with auditors review, unaudited

h1_revenue_oku
1318950.33
h1_operating_profit_oku
981528.91
h1_parent_profit_oku
1341504.12
h1_consolidated_profit_oku
1342685.02
親会社持分(億)
2623806.1
非支配持分資本(億)
3126.18
strict_cash_equivalents_oku
268359.86
short_term_financial_instruments_oku
223975.59
short_term_investment_assets_oku
387243.78
broad_liquidity_three_components_oku
879579.23
interest_bearing_borrowings_oku
185866.34
current_tax_liability_oku
319580.25
h1_ppe_acquisitions_oku
183288.36
h1_intangible_acquisitions_oku
6651.8
h1_depreciation_oku
73408.67
h1_amortization_oku
4184.22
h1_share_based_payment_cashflow_addback_oku
746.39
h1_stock_comp_note_recognized_expense_oku
1486.63
h1_financial_instruments_valuation_gain_oku
631789.74
h1_dividend_income_oku
139795.67
発行済株式数
712702365
自己株式数
1626865
effective_outstanding_shares
711075500
source_id

h1_6k_reviewed

latest_preliminary_and_events
内容を開く
2025_year_end
内容を開く
日付

2025-12-31

状態

company reported K-IFRS FY2025, not used as 2026 future cashflow

売上高
971467
営業利益(億)
472063
consolidated_net_income_oku
429479
parent_net_income_oku
未確認
source_id

2025_company

2026_07_nasdaq_ads
内容を開く
日付

2026-07-29

asof_date_status

July 10 ADS listing; July 29 newly issued ordinary shares listed on KRX

new_common_shares
17790000
ads_new
177900000
common_shares_per_ads
0.1
gross_issuance_proceeds_oku
398905.3479
issue_price_per_common_krw
2242301
source_id

h1_6k_reviewed

underwriting_discount_oku
3875.807196
other_issuance_expenses_estimated_oku
292.995843
net_issuance_proceeds_estimated_oku
394736.544861
actual_net_cash_proceeds_oku
未確認
new_source_ids
1

ads_prospectus_424b4

2

ads_krx_issuance_report

2026_10_28_q3_prelim
内容を開く
日付

2026-10-28

期間末

2026-09-30

状態

reported provisional Q3 results (NOT confirmed reviewed financials)

q3_revenue_oku
1046154.83
q3_operating_profit_oku
833338.18
q3_pre_tax_profit_oku
507085
q3_parent_profit_oku
395343.92
q3_nci_profit_oku
2412.01
q3_consolidated_profit_oku
397755.93
ytd_parent_profit_oku
1736848.04
broad_liquidity_oku
1145000
borrowings_oku
158000
source_id

q3_6k_preliminary

2026_10_26_buyback_terminated
内容を開く
日付

2026-10-21

reported

2026-10-26

状態

cash paid, buys completed before 2026-11-06; cashflow on this investment horizon = 0

株数
23693272
cash_outflow_oku
400043.390635
estimated_cancel_date

2026-11-05

cancel_confirmed_asof
いいえ
source_id

buyback_execution_6k

2026_10_28_dividend_declared
内容を開く
日付

2026-10-28

payment_date_confirmed
未確認
record_date_confirmed

2026-11-30

ex_date_confirmed
未確認
ex_date_assumed

2026-11-27

per_share_krw
20000
ordinary_component_krw
10000
kioxia_special_component_krw
10000
total_declared_oku
141034.6648
implied_eligible_shares
705173324
eligible_shares_can_change_before_record_date
はい
source_id

dividend_q3_6k

2026_10_28_buyback_new_plan
内容を開く
日付

2026-10-28

状態

board planned; execution conditional, October 29 start is before purchase baseline

planned_ordinary_buyback_shares
14920000
estimated_cash_oku_not_spending_cap
200077.2
estimated_price_krw
1341000
planned_start

2026-10-29

planned_end

2027-01-28

approx_cancellation_budget_oku
100000
approx_employee_budget_oku
100000
actual_share_count_can_change_with_price
はい
planned_model_target_shares_without_new_filing
14920000
assumed_purchased_2026_10_29_to_11_06_shares
1000000
assumed_purchased_2026_10_29_to_11_06_cash_oku
11320
model_unexecuted_share_balance_after_cutoff
13920000
source_id

buyback_policy_6k

2026_08_07_q2_dividend
内容を開く
board_decision_date

2026-08-07

状態

issued decision, aggregate at decision; FINAL TOTAL NOT VERIFIED

record_date_confirmed

2026-08-31

per_common_krw
375
board_estimate_oku
2733.248018
implied_eligible_on_resolution
728866138
estimated_settled_old_program_treasury_by_record
3900000
estimated_eligible_shares_at_record
724966138
model_actual_payment_proxy_oku
2718.623018
actual_paid_oku
未確認
payment_date_declared
未確認
payment_date_assumed

2026-09-30

payment_pre_asof
はい
cash_embedded_in_2026_09_30_ir_liquidity
はい
accounting_recognition

Not a June30 liability; recognized in equity and dividend payable when declared Aug7, paid by September30 assumption; payable was extinguished, cash already inside Sep30 balance

excluded_from_holder_timed_cashflows
はい
出典番号
内容を開く
1

q2_div_6k

2

h1_6k_reviewed

3

buyback_execution_6k

4

krx_t2_settlement

asof_parent_equity_proxy_oku
2858769.886408
sbc_policy

All SBC is expensed in operating costs, lowering ordinary parent NI. Equity-settled compensation is added back once to operating cash, matched to a real cost of treasury acquisition or new shareholder dilution; 2037 cash-neutral continuation explicitly adds back noncash expense and subtracts market share replenishment once. The stock trust transfer itself is 0 holder cash. Employee-purpose Oct28-plan treasury stock is reserved (not cancelled) and grants first consume reserved treasury stock; the entire 2036 employee reserve is used up in all five scenario projections. Market repurchase matching 2037 grants affects terminal FCFF once.

excluded_pre_asof_investor_cashflows_oku
内容を開く
2026_aug_oct_stock_repurchase_oku
400043.390635
2026_H1_dividends_oku
15943.65
2026_Q2_dividend_estimate_oku
2718.623018
2026_Q2_dividend_actual_paid_oku
未確認
future_announced_but_partial_unknown
内容を開く
assumed_whole_unspent_asof_Nov6
いいえ
plan_execution_from_Oct29_to_Nov6_unknown
はい
preasof_assumed_count_shares
1000000
preasof_assumed_cash_oku
11320
approved_target_not_actual_binding_share_cap
14920000
postasof_plan_purchase_shares
13920000
other_2027_new_program_from_this_approval_oku_assumed
0
compensation_repurchase_and_cancellation_not_dividends
はい
board_estimated_cash_NOT_fixed_oku
200077.2
announced_quarterly_dividend_cash_paid_after_asof

Board approved 20,000 KRW on Oct28, Nov30 record; future payment day not yet announced. Company liabilities/proxy equity deduct the declaration at asof; Dec24 assumed cash settlement no second equity debit.

option_exercise_forecasts

Synthetic 75,000 shares per full year in 2028-2032 at 65% assumed market reference. It is separately financed (paid issuance), not an assumed cash payment by old holders; no exercise after 2032 / 2037 terminal.

legacy_tax_payable_untouched_profit

Proxy 31T KRW historical accrued tax liability estimated from K-IFRS June tax payable 31.958T; payments 20T in 2027 and remainder in 2028 reduce liquid assets but not current profit/equity again; uncertainty high.

oct28_plan_one_resolution_bridge
内容を開く
source_id

buyback_policy_6k

source_url

https://www.sec.gov/Archives/edgar/data/2120882/000119312526435019/d165312d6k.htm

状態

BOARD DECISION PLANNED only, NOT concluded purchases

date_of_resolution

2026-10-28

planned_start

2026-10-29

planned_end

2027-01-28

planned_shares
14920000
board_estimated_purchase_cash_oku_NOT_implementation_cost
200077.2
formula_for_board_estimate

14,920,000 shares * KRW1,341,000 per share / 100,000,000 KRW per oku

board_price_assumption_krw
1341000
actual_share_count_can_change_with_market_price
はい
maximum_daily_share_purchase_order
1492000
before_2026_11_06_executions_actual_shares_verified
未確認
assumed_preasof_execution_shares
1000000
assumed_preasof_average_execution_price_krw
1132000
assumed_preasof_purchase_cash_oku
11320
assumed_preasof_shareholder_cancel_purpose_shares
500000
assumed_preasof_employee_compensation_purpose_shares
500000
forecast_after_asof_number_shares
13920000
planned_after_asof_2026_shares
6960000
planned_after_asof_2027_shares
6960000
assumed_2026_dates
内容を開く
1

2026-12-10

2

2026-12-11

3

2026-12-14

4

2026-12-15

5

2026-12-16

assumed_2027_dates
内容を開く
1

2027-01-20

2

2027-01-21

3

2027-01-22

4

2027-01-25

5

2027-01-26

shares_daily_postasof
1392000
fraction_shares_for_shareholder_cancellation_ASSUMED
0.5
fraction_shares_for_employee_equity_awards_ASSUMED
0.5
issuer_announced_approx_cash_allocation_shareholder_oku
100000
issuer_announced_approx_cash_allocation_employee_oku
100000
actual_allocation_final_confirmed
いいえ
future_cancellation_date_assumed

2027-05-14

future_cancellation_legal_approval_confirmed
いいえ
cancellation_after_treasury_purchase_causes_additional_cash_out_oku
0
assumed_full_plan_by_2027_01_26_shares
14920000
model_share_limit_is_analytical_not_legally_fixed
はい
all_values_scenario_forecasts_subject_to_future_disclosure
はい
scenario_costs_by_assumed_execution_price_oku
内容を開く
upside
内容を開く
2027
share_count
6960000
company_cash_oku
85968.703198
implied_averaged_purchase_price_krw
1235182.52
2028
share_count
6960000
company_cash_oku
84240.588184
implied_averaged_purchase_price_krw
1210353.28
future_from_asof_cash_oku
170209.29138
whole_10_28_program_cash_including_assumed_prelude_oku
181529.29138
board_estimate_less_hypothetical_execution_oku
18547.90862
future_from_asof_purpose_breakdown
cancellation
株数
6960000
現金(億)
85104.64569
employee
株数
6960000
現金(億)
85104.64569
preasof_cash_already_in_opening_capital_oku
11320
number_of_subsequent_acquisition_business_days
10
bull
内容を開く
2027
share_count
6960000
company_cash_oku
82767.645848
implied_averaged_purchase_price_krw
1189190.31
2028
share_count
6960000
company_cash_oku
76824.175004
implied_averaged_purchase_price_krw
1103795.62
future_from_asof_cash_oku
159591.82085
whole_10_28_program_cash_including_assumed_prelude_oku
170911.82085
board_estimate_less_hypothetical_execution_oku
29165.37915
future_from_asof_purpose_breakdown
cancellation
株数
6960000
現金(億)
79795.910425
employee
株数
6960000
現金(億)
79795.910425
preasof_cash_already_in_opening_capital_oku
11320
number_of_subsequent_acquisition_business_days
10
base
内容を開く
2027
share_count
6960000
company_cash_oku
78787.2
implied_averaged_purchase_price_krw
1132000
2028
share_count
6960000
company_cash_oku
62710.030787
implied_averaged_purchase_price_krw
901006.19
future_from_asof_cash_oku
141497.23079
whole_10_28_program_cash_including_assumed_prelude_oku
152817.23079
board_estimate_less_hypothetical_execution_oku
47259.96921
future_from_asof_purpose_breakdown
cancellation
株数
6960000
現金(億)
70748.615395
employee
株数
6960000
現金(億)
70748.615395
preasof_cash_already_in_opening_capital_oku
11320
number_of_subsequent_acquisition_business_days
10
bear
内容を開く
2027
share_count
6960000
company_cash_oku
72486.338031
implied_averaged_purchase_price_krw
1041470.37
2028
share_count
6960000
company_cash_oku
52580.471767
implied_averaged_purchase_price_krw
755466.55
future_from_asof_cash_oku
125066.8098
whole_10_28_program_cash_including_assumed_prelude_oku
136386.8098
board_estimate_less_hypothetical_execution_oku
63690.3902
future_from_asof_purpose_breakdown
cancellation
株数
6960000
現金(億)
62533.4049
employee
株数
6960000
現金(億)
62533.4049
preasof_cash_already_in_opening_capital_oku
11320
number_of_subsequent_acquisition_business_days
10
stress
内容を開く
2027
share_count
6960000
company_cash_oku
64911.786711
implied_averaged_purchase_price_krw
932640.61
2028
share_count
6960000
company_cash_oku
37017.058782
implied_averaged_purchase_price_krw
531854.29
future_from_asof_cash_oku
101928.84549
whole_10_28_program_cash_including_assumed_prelude_oku
113248.84549
board_estimate_less_hypothetical_execution_oku
86828.35451
future_from_asof_purpose_breakdown
cancellation
株数
6960000
現金(億)
50964.422745
employee
株数
6960000
現金(億)
50964.422745
preasof_cash_already_in_opening_capital_oku
11320
number_of_subsequent_acquisition_business_days
10
modelled_preasof_zero_three_m_sensitivity_available_in_package
はい
unresolved_confirmations_v3
内容を開く
1

2026-08-31 real Q2 dividend paid eligible-share count, cash total and primary payment confirmation

2

2026 Q3 finalized K-IFRS equity, other comprehensive income, equity-settled SBC capital credit

3

2026 July ADS true net proceeds versus July9 prospectus estimated other offering expenses

4

Actual executed Oct29-Nov6 buyback shares and prices versus assumed 0/1m/3m

5

Nov05 old treasury cancellation actual registration and Oct-Nov unrelated share movements

6

Oct1-Nov6 operating cashflows, paid taxes, investments, debt changes and OCI

7

EWY actual Korea dividend WHT effective rate/refunds and tax residence qualification

8

Forecast ex-dates, payment dates, employee deliveries, board approval for conditional future buyback

評価根拠の詳細

valuation_uses_share_price_as_terminal_multiple
いいえ
terminal_market_per
未確認
growth_from_actual_q3_not_used_as_perpetual_80pct_margin
はい
perpetuity_discount_formula

FCFF_2037/(WACC-g) + cash_2036 - required_operating_cash - debt - NCI; correct initial holders fractional claim

monetary_unit

all monetary figures 億KRW except KRW/share and unit-labeled raw amounts

not_real_data_fields
内容を開く
1

2036 price

2

future share buyback execution market price

3

all forecast HBM volume/ASP indices

4

2026 Nov6 total equity and cash

5

fund tax rate

6

all unannounced dividends and corporate dates

分析基準とデータ

価格・単価
1132000
株数
705173324
price_times_effective_market_cap_oku
7982562.02768
old_holder_block_shares
1
synthetic_display_multiplier_from_basis_shares
705173324
initial_old_holder_block_mcap_oku
7982562.02768
old_holder_block_fraction_at_baseline
1.4201E-9
ADS
内容を開く
ticker

SKHY

nasdaq_listing_2026_07_10
はい
ads_per_ordinary
10
ordinary_per_ads
0.1
ads_isin

US78392B2060

gdr_exchange

Luxembourg

gdr_isin

US78392B1070

new_ads_issued_at_ipo
177900000
underlying_new_common_shares
17790000
出典番号
1

issuer_isin_adr

2

h1_6k_reviewed

liquidity
内容を開く
broad_cash_liquidity_q3_2026_company_IR_oku
1145000
Q3_label_warning

Company IR cash and cash equivalents apparently includes short-term financial investments; NOT directly comparable to strict June K-IFRS cash-equivalents

verified_June_30_strict_cash_oku
268359.86
verified_June_30_cash_plus_short_term_oku
879579.23
verified_June_30_total_borrowings_oku
185866.34
Q3_borrowings_oku
158000
completed_Oct_1_to_21_buybacks_oku
90309.961925
base_liquidity_2026_11_06_proxy_oku
1043370.038075
conditional_preasof_oct28_buyback_deduction_oku
11320
base_liquidity_proxy_provenance

2026-09-30 issuer IR 114.5T broad liquidity (embeds Q2 dividend and July ADS cash, no further deduction of either) - issuer verified October 1-21 old-program buys - analyst assumed Oct29-Nov6 newly approved buys + zero proxy for October operations; not an observed K-IFRS Nov6 balance.

estimated_residual_legacy_tax_payable_oku
310000
Q2_verified_current_income_tax_payable_oku
319580.25
q3_reconciliation_bridge_subtracts_q2_again
いいえ
q3_reconciliation_bridge_subtracts_ipo_fees_again
いいえ
legacy_old_plan_buybacks_aug20_sep30_oku
309733.42871
legacy_old_plan_buybacks_oct01_oct21_oku
90309.961925
q3_unobserved_operating_investing_valuation_fx_bridge_residual_oku
183136.276867
parent_equity
内容を開く
reviewed_2026_06_30_oku
2623806.1
Q3_parent_NI_prelim_oku
395343.92
July_ADS_issuance_oku
394736.544861
aug_oct_completed_buyback_oku
400043.390635
already_declared_2026_Q3_dividend_payable_oku
141034.6648
asof_parent_equity_proxy_oku
2858769.886408
assumed_oct29_nov6_buyback_equity_deduction_oku
11320
計算式

Reviewed 2026-06-30 parent equity + provisional Q3 parent NI + July ADS estimated net proceeds (gross less underwriting and estimated fees) + unconfirmed Q3 parent OCI (ZERO proxy) + unconfirmed Q3 equity-settled SBC capital credit (ZERO proxy) - Aug31 Q2 dividend assumed final amount (NOT included at Jun30) - Aug20..Oct21 executed old buybacks - Oct28 Q3 dividend declaration - Oct29..Nov6 new-plan pre-asof shares PRICE*QUANTITY assumption + unobserved Oct-Nov profit (ZERO proxy) + other book changes (ZERO proxy). Cash at Q3 Sep30 already includes Q2 dividend and ADS.

date_asof_proxy_only
はい
actual_2026_11_06_kifrs_equity_oku
未確認
July_ADS_gross_issuance_oku
398905.3479
July_ADS_underwriting_commissions_oku
3875.807196
July_ADS_other_estimated_fees_oku
292.995843
July_ADS_net_estimated_oku
394736.544861
q2_2026_dividend_declared_estimate_oku
2733.248018
q2_2026_dividend_proxy_record_date_oku
2718.623018
q2_2026_actual_cash_dividend_oku
未確認
q2_2026_dividend_deducted_from_june30_equity_once
はい
q2_dividend_excluded_from_new_investor_CF
はい
Q3_parent_OCI_actual_oku
未確認
Q3_parent_OCI_zero_proxy_oku
0
Q3_equity_SBC_credit_actual_oku
未確認
Q3_equity_SBC_credit_zero_proxy_oku
0
Oct_01_Nov_06_parent_profit_actual_oku
未確認
Oct_01_Nov_06_parent_profit_zero_proxy_oku
0
estimate_not_actual_asof
はい
price_detail
内容を開く
値
1132000
単位

KRW per ordinary

as_of

2026-11-06

session

KRX closing price

状態

market observed via independent secondary source, KRX official quote not confirmed

source_id

krx_price_secondary

shares_detail
内容を開く
effective_common
705173324
issued_after_scheduled_2026_11_05_cancellation
706799093
treasury_held_pre_new_program
1625769
assumed_new_program_preasof_repurchase_shares
1000000
assumed_2026_11_06_issued_shares_after_scheduled_cancellation
706799093
assumed_2026_11_06_treasury_shares
2625769
assumed_2026_11_06_effective_shares_for_cashflows
704173324
last_directly_reconcilable_eligibility_date

2026-10-28

effective_date_exactly_2026_11_06_confirmed
いいえ
derivation

basis.shares=705,173,324 represents Oct28 board Q3 dividend eligible-share proxy, NOT November6 outstanding. Issuer 706,799,093 common issued minus old 1,625,769 treasury after scheduled old-program Nov5 cancellation (unverified execution) equals 705,173,324 before the new program. Oct29-Nov6 actual purchases unknown; THIS variant assumes 1,000,000 at KRW 1,132,000, producing 704,173,324 issuer effective shares. Invariant basis.shares remains only a SYNTHETIC conversion scale for a non-tendering old one-share investor.

出典番号
内容を開く
1

h1_6k_reviewed

2

buyback_execution_6k

3

buyback_cancel_6ka

4

dividend_q3_6k

effective_common_label

proxy inferred from Oct28 declared dividends, NOT actual Nov6 verified outstanding

actual_2026_11_06_effective_common_shares
未確認
model_opening_effective_common_shares_assumed
704173324
株価の出所

2026-11-06 KRX close 1,132,000 KRW; independent market source: https://stockanalysis.com/quote/krx/000660/history/; KRX official API quote not verified

株数の出所

2026-10-28 BOD dividend eligible 705,173,324 proxy; Nov6 count not confirmed; 1,000,000 pre-asof assumption => 704,173,324 company-ledger effective shares. https://www.sec.gov/Archives/edgar/data/2120882/000119312526435015/d236994d6k.htm

share_count_contract

705,173,324 is 2026-10-28 declared-dividend share proxy, NOT actual Nov6; assumed new-plan shares acquired by Nov6 are 1,000,000; synthetic 1 old share x 705,173,324 is used for payout_oku and mcap_oku, not a real group.

asof_model_effective_common_shares_unverified
704173324

検証上の留意点

初期1株×代理株数の合成の非売却持分に対し55の期間台帳と各権利日の分母を再接続。実績値と未確認・予測を厳格区別し、韓国源泉税後は実効率未確認のためnull。basis.price / sharesは数値、case key順は標準仕様に準拠。

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分析に使用した資料

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