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
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。
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% | 13,907,168.58 | 247,066,208.00 |
| HBM寡占維持・AI投資拡大 | 20.0% | 6,633,702.73 | 75,147,612.89 |
| AI普及・循環的な平準化 | 40.0% | 2,701,963.61 | 22,835,912.69 |
| HBM競争・価格正常化 | 25.0% | 1,090,932.48 | 9,124,847.66 |
| AI設備過剰・メモリー大不況 | 10.0% | 440,149.92 | 2,034,095.77 |
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
事業別の前提
- 1
内容を開く
- id
hbm
- 数量
- 2047899.843
- 価格・単価
- 0.0892482
- 売上換算係数
- 1
- 売上高
- 182771.364671
- 営業利益
- 32898.845641
- volume_is_physical_bits
- いいえ
- 2
内容を開く
- id
conventional_dram
- 数量
- 2050000
- 価格・単価
- 0.29861048
- 売上換算係数
- 1
- 売上高
- 612151.485957
- 営業利益
- 110187.267472
- volume_is_physical_bits
- いいえ
- 3
内容を開く
- id
nand
- 数量
- 1158044.699
- 価格・単価
- 0.29385575
- 売上換算係数
- 1
- 売上高
- 340298.09217
- 営業利益
- 61253.656591
- 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
- 18567.086203
- 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
approved_oct28_buyback_executed_quantities_recheck_gate
- 金額
- 0
- asof_execution_assumed_shares
- 1000000
- source_id
buyback_policy_6k
- 2
内容を開く
- year
- 0.008213552361
- 想定日
2026-11-09
- 種類
ewy_2026_11_09_index_change_recheck_only
- 金額
- 0
- direct_common_stock_cashflow
- いいえ
- weight_from_2026_11_05
- 0.2247
- 3
内容を開く
- year
- 0.016427104723
- 想定日
2026-11-12
- 種類
q3_2026_final_kifrs_filing_recheck_gate
- 金額
- 0
- official_q3_final_available_asof
- いいえ
- 4
内容を開く
- year
- 0.03832991102
- 想定日
2026-11-20
- 種類
confirmed_q3_dividend_ex_date_payment_recheck_gate
- 金額
- 0
- actual_ex_date_known
- いいえ
- record_date_confirmed
2026-11-30
- 5
内容を開く
- year
- 0.05749486653
- 想定日
2026-11-27
- 種類
q3_2026_assumed_dividend_ex_date_zero_cash
- 金額
- 0
- ex_date_confirmed
- 未確認
- ex_date_assumed
2026-11-27
- record_date_confirmed
2026-11-30
- eligible_shares_at_exdate
- 704173324
- ex_date_status
assumed_not_confirmed
- 6
内容を開く
- year
- 0.073921971253
- 想定日
2026-12-03
- 種類
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- 金額
- 0
- planned_date_assumed
2026-12-10
- 7
内容を開く
- year
- 0.093086926762
- 想定日
2026-12-10
- 種類
approved_oct28_treasury_purchase_cancellation_old_holder_zero_cash
- 金額
- 0
- new_program_id
2026-10-28_BOARD_PLAN
- purchase_shares
- 696000
- execution_price_assumed_krw
- 932640.6137
- company_cash_out_oku
- 6491.178671
- model_plan_remaining_shares
- 13224000
- allocation_approx_issuer_10T_each_but_actual_not_fixed
- はい
- confirmed_execution
- いいえ
- source_id
buyback_policy_6k
- 8
内容を開く
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- 0.093086926762
- 想定日
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- 種類
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- 金額
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- company_cash_out_oku
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- model_plan_remaining_shares
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- allocation_approx_issuer_10T_each_but_actual_not_fixed
- はい
- confirmed_execution
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- source_id
buyback_policy_6k
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内容を開く
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- 想定日
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- 種類
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- 金額
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- new_program_id
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- allocation_approx_issuer_10T_each_but_actual_not_fixed
- はい
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- 10
内容を開く
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- 0.09582477755
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- 種類
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- 金額
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- allocation_approx_issuer_10T_each_but_actual_not_fixed
- はい
- confirmed_execution
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- source_id
buyback_policy_6k
- 11
内容を開く
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- 想定日
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- 種類
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- 金額
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- new_program_id
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- company_cash_out_oku
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buyback_policy_6k
- 12
内容を開く
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- 金額
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- 13
内容を開く
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- 想定日
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- 種類
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- 金額
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内容を開く
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- 種類
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buyback_policy_6k
- 15
内容を開く
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- 0.109514031485
- 想定日
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- 種類
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- 金額
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- 16
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- 想定日
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- 金額
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- 17
内容を開く
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- 0.131416837782
- 想定日
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- 種類
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- 金額
- 141034.6648
- dividend_per_share_krw
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- ex_date_confirmed
- 未確認
- ex_date_assumed
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- record_date_confirmed
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- payment_date_confirmed
- 未確認
- payment_date_assumed
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- company_total_payment_oku
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- 想定日
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- 金額
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- 想定日
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内容を開く
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内容を開く
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内容を開く
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- 想定日
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- 種類
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- 金額
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buyback_policy_6k
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内容を開く
- year
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- 想定日
2027-01-25
- 種類
approved_oct28_treasury_purchase_employee_old_holder_zero_cash
- 金額
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- allocation_approx_issuer_10T_each_but_actual_not_fixed
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- confirmed_execution
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- source_id
buyback_policy_6k
- 27
内容を開く
- year
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- 想定日
2027-01-26
- 種類
approved_oct28_treasury_purchase_cancellation_old_holder_zero_cash
- 金額
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- new_program_id
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- allocation_approx_issuer_10T_each_but_actual_not_fixed
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- confirmed_execution
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- source_id
buyback_policy_6k
- 28
内容を開く
- year
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- 想定日
2027-01-26
- 種類
approved_oct28_treasury_purchase_employee_old_holder_zero_cash
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- allocation_approx_issuer_10T_each_but_actual_not_fixed
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buyback_policy_6k
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内容を開く
- year
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- 想定日
2027-03-15
- 種類
unannounced_dividend_ex_date_recheck_gate
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- prediction_only
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assumed_not_confirmed
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内容を開く
- year
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2027-03-23
- 種類
predicted_dividend_ex_date_zero_cash
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- ex_date_assumed
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assumed_not_confirmed
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内容を開く
- year
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- 想定日
2027-04-20
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forecast_ordinary_dividend_cash_kioxia_special_component
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- payment_date_assumed
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内容を開く
- year
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- 想定日
2027-05-07
- 種類
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内容を開く
- year
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2027-05-14
- 種類
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- 金額
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- approval_status
future board resolution unannounced
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内容を開く
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2027-09-14
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unannounced_dividend_ex_date_recheck_gate
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内容を開く
- year
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2027-09-22
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- ex_date_assumed
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内容を開く
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2027-10-20
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forecast_ordinary_dividend_cash
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assumed_not_confirmed
- 37
内容を開く
- year
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2028-03-15
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unannounced_dividend_ex_date_recheck_gate
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assumed_not_confirmed
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内容を開く
- year
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2028-03-23
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predicted_dividend_ex_date_zero_cash
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- ex_date_assumed
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assumed_not_confirmed
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内容を開く
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2028-04-20
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assumed_not_confirmed
- 40
内容を開く
- year
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- 想定日
2028-08-14
- 種類
paid_employee_option_exercise_issuer_cash_only
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- confirmed_execution
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内容を開く
- year
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- 想定日
2028-09-14
- 種類
unannounced_dividend_ex_date_recheck_gate
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assumed_not_confirmed
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内容を開く
- year
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- 種類
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内容を開く
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2028-09-22
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内容を開く
- year
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2028-09-29
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- 45
内容を開く
- year
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- 想定日
2028-10-13
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- 46
内容を開く
- year
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2028-10-20
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forecast_ordinary_dividend_cash
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内容を開く
- year
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2028-12-15
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- 48
内容を開く
- year
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2029-03-15
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unannounced_dividend_ex_date_recheck_gate
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内容を開く
- year
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2029-03-23
- 種類
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内容を開く
- year
- 2.45311430527
- 想定日
2029-04-20
- 種類
forecast_ordinary_dividend_cash
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- 51
内容を開く
- year
- 2.770704996578
- 想定日
2029-08-14
- 種類
paid_employee_option_exercise_issuer_cash_only
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- confirmed_execution
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- 52
内容を開く
- year
- 2.855578370979
- 想定日
2029-09-14
- 種類
unannounced_dividend_ex_date_recheck_gate
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- 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
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- 54
内容を開く
- year
- 2.874743326489
- 想定日
2029-09-21
- 種類
predicted_dividend_ex_date_zero_cash
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- ex_date_assumed
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assumed_not_confirmed
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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
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UNANNOUNCED_YEAR_2029_SEPARATE_FROM_2026_10_28
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内容を開く
- year
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- 想定日
2029-10-15
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unannounced_future_board_conditional_treasury_cancellation_non_cash
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UNANNOUNCED_YEAR_2029_SEPARATE_FROM_2026_10_28
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- 57
内容を開く
- year
- 2.951403148528
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2029-10-19
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forecast_ordinary_dividend_cash
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内容を開く
- year
- 3.107460643395
- 想定日
2029-12-15
- 種類
employee_award_delivery_non_cash
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内容を開く
- year
- 3.353867214237
- 想定日
2030-03-15
- 種類
unannounced_dividend_ex_date_recheck_gate
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- 60
内容を開く
- year
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- 想定日
2030-03-22
- 種類
predicted_dividend_ex_date_zero_cash
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内容を開く
- year
- 3.449691991786
- 想定日
2030-04-19
- 種類
forecast_ordinary_dividend_cash
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内容を開く
- year
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- 想定日
2030-08-14
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paid_employee_option_exercise_issuer_cash_only
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内容を開く
- year
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2030-09-13
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unannounced_dividend_ex_date_recheck_gate
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内容を開く
- year
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2030-09-20
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内容を開く
- year
- 3.871321013005
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2030-09-20
- 種類
predicted_dividend_ex_date_zero_cash
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内容を開く
- year
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2030-09-30
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unannounced_future_board_conditional_treasury_purchase_old_holder_zero_cash
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内容を開く
- year
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2030-10-15
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内容を開く
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2030-10-18
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内容を開く
- year
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2030-12-15
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内容を開く
- year
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内容を開く
- year
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内容を開く
- year
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内容を開く
- year
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2031-08-14
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内容を開く
- year
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2031-09-12
- 種類
unannounced_dividend_ex_date_recheck_gate
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内容を開く
- year
- 4.876112251882
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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内容を開く
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- 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
- 0.1
- 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
- 711576828
- 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
- 34558
- company_cash_out_oku
- 152.250783
- execution_price_assumed_krw
- 440565.9548
- subjective_approval_probability
- 0.1
- budget_if_approved_oku
- 1522.490865
- 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
- 1675360
- employee_sbc_expense_oku
- 7381.066626
- 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
- 34558
- 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
- 4526.369755255
- company_total_payment_oku
- 4567.472596
- assumed_per_share_krw
- 641.88
- eligible_shares_at_exdate
- 711576828
- 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
- 0.012
- cost_of_equity_k
- 0.155
- terminal_wacc
- 0.14
- future_new_board_repurchases_unannounced
- はい
- future_new_board_approval_probability_assumed
- 0.1
- 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
- 232668.271251
- non_sbc_sga_and_rd_oku
- 109490.951177
- sbc_expense_in_operating_cost_oku
- 4410.89237
- operating_cost_total_including_sbc_oku
- 346570.114798
- 営業利益(株式報酬控除後)
- 283557.366653
- 営業利益率
- 45.00%
- interest_income_oku
- 2985.138097
- interest_expense_oku
- 1070.63655
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 285471.868199
- income_tax_expense_oku
- 74222.685732
- nci_profit_oku
- 1056.245912
- 親会社帰属利益
- 210192.936555
- depreciation_and_amortization_noncash_addback_oku
- 91368.48481
- sbc_noncash_addback_to_operating_cash_oku
- 4410.89237
- 設備投資
- 148079.958141
- 運転資本の増加
- 0
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 305972.313736
- 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
- 32455.893356
- buyback_employee_treasury_company_cash_oku
- 32455.893356
- 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
- 957515.942158
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 3008661.928622
- 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
- 64911.786711
- approved_oct28_plan_cumulative_shares_including_assumed_preasof
- 7960000
- approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
- 76231.786711
- 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
- 0.1
- 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
- 932640.61
- 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
- 729268.001369
- conventional_dram
- 1485232.717317
- nand
- 702044.147844
- other
- 86252.629257
- 売上高
- 3002797.495786
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.115
- asp_index_vs_q3_2026
- 0.595
- revenue_full_runrate_oku
- 729767.5
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.725
- revenue_full_runrate_oku
- 1486250
- nand
- volume_index_vs_q3_2026
- 1.02
- asp_index_vs_q3_2026
- 0.725
- revenue_full_runrate_oku
- 702525
- 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
- 1639647.544599
- non_sbc_sga_and_rd_oku
- 771598.844517
- sbc_expense_in_operating_cost_oku
- 21019.582471
- operating_cost_total_including_sbc_oku
- 2432265.971587
- 営業利益(株式報酬控除後)
- 570531.524199
- 営業利益率
- 19.00%
- interest_income_oku
- 18180.350606
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 583315.570904
- income_tax_expense_oku
- 151662.048435
- nci_profit_oku
- 2158.267612
- 親会社帰属利益
- 429495.254857
- depreciation_and_amortization_noncash_addback_oku
- 435405.636889
- sbc_noncash_addback_to_operating_cash_oku
- 21019.582471
- 設備投資
- 705657.41151
- 運転資本の増加
- -94316.608671
- legacy_tax_liability_cash_settlement_oku
- 200000
- operating_cash_generated_proxy_oku
- 980237.082887
- regular_dividend_company_oku
- 25769.715291
- kioxia_special_dividend_company_oku
- 160000
- total_dividend_company_cash_oku
- 185769.715291
- buyback_cancellation_company_cash_oku
- 18508.529391
- buyback_employee_treasury_company_cash_oku
- 18508.529391
- thirdparty_new_issuance_cash_oku
- 0
- employee_option_subscription_cash_oku
- 0
- debt_draw_oku
- 0
- debt_repayment_oku
- 0
- cash_liquidity_begin_oku
- 957515.942158
- cash_liquidity_end_oku
- 809308.839462
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 3236389.991876
- unpaid_legacy_tax_liability_end_oku
- 110000
- declared_dividend_book_equity_adjustment_oku
- -185769.715291
- 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
- 37017.058782
- approved_oct28_plan_cumulative_shares_including_assumed_preasof
- 14920000
- approved_oct28_plan_cumulative_cash_including_assumed_preasof_oku
- 113248.845494
- 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
- 0.1
- 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
- 531854.29
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 189785.174625
- 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
- 534757.066314
- conventional_dram
- 1209267.295069
- nand
- 582148.125629
- other
- 88218.716587
- 売上高
- 2414391.203598
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.22260645
- asp_index_vs_q3_2026
- 0.39681338
- revenue_full_runrate_oku
- 533661.252653
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.5886777
- revenue_full_runrate_oku
- 1206789.288317
- nand
- volume_index_vs_q3_2026
- 1.0404
- asp_index_vs_q3_2026
- 0.58778526
- revenue_full_runrate_oku
- 580955.199142
- 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
- 1466114.914473
- non_sbc_sga_and_rd_oku
- 689936.43034
- sbc_expense_in_operating_cost_oku
- 16900.738425
- operating_cost_total_including_sbc_oku
- 2172952.083238
- 営業利益(株式報酬控除後)
- 241439.12036
- 営業利益率
- 10.00%
- interest_income_oku
- 15408.442627
- interest_expense_oku
- 5411.088296
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 251436.474691
- income_tax_expense_oku
- 65373.48342
- nci_profit_oku
- 930.314956
- 親会社帰属利益
- 185132.676315
- depreciation_and_amortization_noncash_addback_oku
- 350086.724522
- sbc_noncash_addback_to_operating_cash_oku
- 16900.738425
- 設備投資
- 567381.932846
- 運転資本の増加
- -47730.650771
- legacy_tax_liability_cash_settlement_oku
- 110000
- operating_cash_generated_proxy_oku
- 599850.790034
- regular_dividend_company_oku
- 11107.960579
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 11107.960579
- buyback_cancellation_company_cash_oku
- 185.131251
- buyback_employee_treasury_company_cash_oku
- 0
- thirdparty_new_issuance_cash_oku
- 0
- employee_option_subscription_cash_oku
- 172.882952
- debt_draw_oku
- 0
- debt_repayment_oku
- 0
- cash_liquidity_begin_oku
- 809308.839462
- cash_liquidity_end_oku
- 720657.487772
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 3427303.197739
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -11107.960579
- issuer_common_shares_issued_end
- 699361936
- treasury_shares_end
- 4310268
- effective_shares_end
- 695051668
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4387E-9
- cancelled_shares
- 52311
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 4775501
- employee_award_new_shares_issued_for_zero_cash
- 0
- employee_plan_earmarked_treasury_shares_remaining
- 2684499
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 52311
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 52311
- unannounced_conditional_new_program_cash_oku
- 185.131251
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.438742E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 1.0145624512047
- cash_paid_option_new_shares
- 75154
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 353905.01
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 11347.444239
- 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
- 417725.044752
- conventional_dram
- 901365.036835
- nand
- 424627.818463
- other
- 89737.235479
- 売上高
- 1833455.135529
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.32263464
- asp_index_vs_q3_2026
- 0.28731301
- revenue_full_runrate_oku
- 418011.157796
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.43999142
- revenue_full_runrate_oku
- 901982.410148
- nand
- volume_index_vs_q3_2026
- 1.061208
- asp_index_vs_q3_2026
- 0.42148457
- revenue_full_runrate_oku
- 424918.659435
- 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
- 1063477.316812
- non_sbc_sga_and_rd_oku
- 500459.913794
- sbc_expense_in_operating_cost_oku
- 12834.185949
- operating_cost_total_including_sbc_oku
- 1576771.416555
- 営業利益(株式報酬控除後)
- 256683.718974
- 営業利益率
- 14.00%
- interest_income_oku
- 13683.120267
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 264970.53534
- income_tax_expense_oku
- 68892.339188
- nci_profit_oku
- 980.390981
- 親会社帰属利益
- 195097.805171
- depreciation_and_amortization_noncash_addback_oku
- 265850.994652
- sbc_noncash_addback_to_operating_cash_oku
- 12834.185949
- 設備投資
- 430861.956849
- 運転資本の増加
- -45947.149663
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 519730.135435
- regular_dividend_company_oku
- 11705.86831
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 11705.86831
- buyback_cancellation_company_cash_oku
- 195.098149
- buyback_employee_treasury_company_cash_oku
- 0
- thirdparty_new_issuance_cash_oku
- 0
- employee_option_subscription_cash_oku
- 193.46932
- debt_draw_oku
- 0
- debt_repayment_oku
- 0
- cash_liquidity_begin_oku
- 720657.487772
- cash_liquidity_end_oku
- 797818.169218
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 3623527.691719
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -11705.86831
- issuer_common_shares_issued_end
- 699934992
- treasury_shares_end
- 1625769
- effective_shares_end
- 698309223
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.432E-9
- cancelled_shares
- 49127
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 2684499
- employee_award_new_shares_issued_for_zero_cash
- 547234
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 49127
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 49127
- unannounced_conditional_new_program_cash_oku
- 195.098149
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.43203E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 1.0098296009474
- cash_paid_option_new_shares
- 74949
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 397130.19
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 11875.694189
- 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
- 343962.699139
- conventional_dram
- 813736.434846
- nand
- 391578.280892
- other
- 91531.980188
- 売上高
- 1640809.395065
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.41540667
- asp_index_vs_q3_2026
- 0.22107253
- revenue_full_runrate_oku
- 344198.290029
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.39721648
- revenue_full_runrate_oku
- 814293.788568
- nand
- volume_index_vs_q3_2026
- 1.08243216
- asp_index_vs_q3_2026
- 0.38105851
- revenue_full_runrate_oku
- 391846.485194
- 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
- 895947.562081
- non_sbc_sga_and_rd_oku
- 421622.382156
- sbc_expense_in_operating_cost_oku
- 11485.665765
- operating_cost_total_including_sbc_oku
- 1329055.610002
- 営業利益(株式報酬控除後)
- 311753.785062
- 営業利益率
- 19.00%
- interest_income_oku
- 15148.169756
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 321505.650917
- income_tax_expense_oku
- 83591.469238
- nci_profit_oku
- 1189.570908
- 親会社帰属利益
- 236724.61077
- depreciation_and_amortization_noncash_addback_oku
- 237917.362284
- sbc_noncash_addback_to_operating_cash_oku
- 11485.665765
- 設備投資
- 385590.20784
- 運転資本の増加
- -15411.659237
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 501539.298057
- regular_dividend_company_oku
- 14203.476646
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 14203.476646
- buyback_cancellation_company_cash_oku
- 236.723192
- buyback_employee_treasury_company_cash_oku
- 0
- thirdparty_new_issuance_cash_oku
- 0
- employee_option_subscription_cash_oku
- 224.012902
- debt_draw_oku
- 0
- debt_repayment_oku
- 0
- cash_liquidity_begin_oku
- 797818.169218
- cash_liquidity_end_oku
- 899551.0725
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 3857521.781319
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -14203.476646
- issuer_common_shares_issued_end
- 702456287
- treasury_shares_end
- 1625769
- effective_shares_end
- 700830518
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4269E-9
- cancelled_shares
- 51481
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 2497827
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 51481
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 51481
- unannounced_conditional_new_program_cash_oku
- 236.723192
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.426879E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 1.0061966565217
- cash_paid_option_new_shares
- 74949
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 459826.33
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 14342.32152
- 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
- 293932.495439
- conventional_dram
- 821327.185436
- nand
- 409158.045321
- other
- 93362.619792
- 売上高
- 1617780.345988
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.50155783
- asp_index_vs_q3_2026
- 0.17807798
- revenue_full_runrate_oku
- 294133.819066
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.40092182
- revenue_full_runrate_oku
- 821889.738303
- nand
- volume_index_vs_q3_2026
- 1.1040808
- asp_index_vs_q3_2026
- 0.39035882
- revenue_full_runrate_oku
- 409438.290557
- 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
- 839369.154712
- non_sbc_sga_and_rd_oku
- 394997.249276
- sbc_expense_in_operating_cost_oku
- 11324.462422
- operating_cost_total_including_sbc_oku
- 1245690.866411
- 営業利益(株式報酬控除後)
- 372089.479577
- 営業利益率
- 23.00%
- interest_income_oku
- 17079.771904
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 383772.947579
- income_tax_expense_oku
- 99780.966371
- nci_profit_oku
- 1419.959906
- 親会社帰属利益
- 282572.021303
- depreciation_and_amortization_noncash_addback_oku
- 234578.150168
- sbc_noncash_addback_to_operating_cash_oku
- 11324.462422
- 設備投資
- 380178.381307
- 運転資本の増加
- -1842.323926
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 530316.957819
- regular_dividend_company_oku
- 16954.321278
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 16954.321278
- buyback_cancellation_company_cash_oku
- 282.574544
- buyback_employee_treasury_company_cash_oku
- 0
- thirdparty_new_issuance_cash_oku
- 0
- employee_option_subscription_cash_oku
- 250.75396
- debt_draw_oku
- 0
- debt_repayment_oku
- 0
- cash_liquidity_begin_oku
- 899551.0725
- cash_liquidity_end_oku
- 1032703.50715
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 4134432.123182
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -16954.321278
- issuer_common_shares_issued_end
- 704676470
- treasury_shares_end
- 1625769
- effective_shares_end
- 703050701
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4224E-9
- cancelled_shares
- 54899
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 2200133
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 54899
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 54899
- unannounced_conditional_new_program_cash_oku
- 282.574544
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.422373E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 1.0030191606338
- cash_paid_option_new_shares
- 74949
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 514717.11
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 17058.46929
- 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
- 259016.560903
- conventional_dram
- 773919.127452
- nand
- 395210.959066
- other
- 95490.775947
- 売上高
- 1523637.423368
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.58188713
- asp_index_vs_q3_2026
- 0.14854858
- revenue_full_runrate_oku
- 258485.789262
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.37674792
- revenue_full_runrate_oku
- 772333.2276
- nand
- volume_index_vs_q3_2026
- 1.12616242
- asp_index_vs_q3_2026
- 0.36864936
- revenue_full_runrate_oku
- 394401.100543
- 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
- 842327.713135
- non_sbc_sga_and_rd_oku
- 396389.512063
- sbc_expense_in_operating_cost_oku
- 10665.461964
- operating_cost_total_including_sbc_oku
- 1249382.687162
- 営業利益(株式報酬控除後)
- 274254.736206
- 営業利益率
- 18.00%
- interest_income_oku
- 19661.656916
- interest_expense_oku
- 5411.088296
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 288505.304827
- income_tax_expense_oku
- 75011.379255
- nci_profit_oku
- 1067.469628
- 親会社帰属利益
- 212426.455944
- depreciation_and_amortization_noncash_addback_oku
- 220927.426388
- sbc_noncash_addback_to_operating_cash_oku
- 10665.461964
- 設備投資
- 358054.794491
- 運転資本の増加
- -7886.015803
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 451905.360099
- regular_dividend_company_oku
- 12745.587357
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 12745.587357
- buyback_cancellation_company_cash_oku
- 212.426532
- buyback_employee_treasury_company_cash_oku
- 0
- thirdparty_new_issuance_cash_oku
- 0
- employee_option_subscription_cash_oku
- 218.220876
- debt_draw_oku
- 0
- debt_repayment_oku
- 0
- cash_liquidity_begin_oku
- 1032703.50715
- cash_liquidity_end_oku
- 1113814.279745
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 4344784.248077
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -12745.587357
- issuer_common_shares_issued_end
- 707091601
- treasury_shares_end
- 1625769
- effective_shares_end
- 705465832
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4175E-9
- cancelled_shares
- 47553
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 2387530
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 47553
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 47553
- unannounced_conditional_new_program_cash_oku
- 212.426532
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.417503E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 0.9995853690048
- cash_paid_option_new_shares
- 75154
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 446715.31
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 12783.385116
- 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
- 231903.050295
- conventional_dram
- 639726.196559
- nand
- 323574.893318
- other
- 97134.469632
- 売上高
- 1292338.609803
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.65725151
- asp_index_vs_q3_2026
- 0.12729833
- revenue_full_runrate_oku
- 232061.888001
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.3122753
- revenue_full_runrate_oku
- 640164.365186
- nand
- volume_index_vs_q3_2026
- 1.14868567
- asp_index_vs_q3_2026
- 0.29672037
- revenue_full_runrate_oku
- 323796.519957
- 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
- 758395.989777
- non_sbc_sga_and_rd_oku
- 356892.230483
- sbc_expense_in_operating_cost_oku
- 9046.370269
- operating_cost_total_including_sbc_oku
- 1124334.590528
- 営業利益(株式報酬控除後)
- 168004.019274
- 営業利益率
- 13.00%
- interest_income_oku
- 21147.986393
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 183755.701766
- income_tax_expense_oku
- 47776.482459
- nci_profit_oku
- 679.896097
- 親会社帰属利益
- 135299.32321
- depreciation_and_amortization_noncash_addback_oku
- 187389.098421
- sbc_noncash_addback_to_operating_cash_oku
- 9046.370269
- 設備投資
- 303699.573304
- 運転資本の増加
- -18170.869583
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 349905.661483
- regular_dividend_company_oku
- 8117.959393
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 8117.959393
- buyback_cancellation_company_cash_oku
- 135.299358
- 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
- 1113814.279745
- cash_liquidity_end_oku
- 1151767.109174
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 4480876.682805
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -8117.959393
- issuer_common_shares_issued_end
- 709566427
- treasury_shares_end
- 1625769
- effective_shares_end
- 707940658
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4125E-9
- cancelled_shares
- 37576
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 2512402
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 37576
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 37576
- unannounced_conditional_new_program_cash_oku
- 135.299358
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.412548E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 0.9960910085207
- cash_paid_option_new_shares
- 0
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 360068.55
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 8114.593435
- 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
- 211647.982917
- conventional_dram
- 610756.508927
- nand
- 317433.195658
- other
- 99077.159024
- 売上高
- 1238914.846525
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.72849656
- asp_index_vs_q3_2026
- 0.11139105
- revenue_full_runrate_oku
- 211792.947289
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.29813407
- revenue_full_runrate_oku
- 611174.835303
- nand
- volume_index_vs_q3_2026
- 1.17165938
- asp_index_vs_q3_2026
- 0.28538078
- revenue_full_runrate_oku
- 317650.615655
- 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
- 668072.44184
- non_sbc_sga_and_rd_oku
- 314387.031454
- sbc_expense_in_operating_cost_oku
- 8672.403926
- operating_cost_total_including_sbc_oku
- 991131.87722
- 営業利益(株式報酬控除後)
- 247782.969305
- 営業利益率
- 20.00%
- interest_income_oku
- 21868.596583
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 264255.261987
- income_tax_expense_oku
- 68706.368117
- nci_profit_oku
- 977.744469
- 親会社帰属利益
- 194571.149401
- depreciation_and_amortization_noncash_addback_oku
- 179642.652746
- sbc_noncash_addback_to_operating_cash_oku
- 8672.403926
- 設備投資
- 291144.988933
- 運転資本の増加
- -4273.901062
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 387160.107135
- regular_dividend_company_oku
- 11674.268964
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 11674.268964
- buyback_cancellation_company_cash_oku
- 194.569768
- 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
- 1151767.109174
- cash_liquidity_end_oku
- 1235913.388643
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 4672251.397399
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -11674.268964
- issuer_common_shares_issued_end
- 711425609
- treasury_shares_end
- 1625769
- effective_shares_end
- 709799840
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4088E-9
- cancelled_shares
- 42669
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 1901851
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 42669
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 42669
- unannounced_conditional_new_program_cash_oku
- 194.569768
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.408848E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 0.9934819427404
- cash_paid_option_new_shares
- 0
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 455997.96
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 11628.634346
- 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
- 195639.383848
- conventional_dram
- 636678.423944
- nand
- 343958.709917
- other
- 101058.702205
- 売上高
- 1277335.219913
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.79641536
- asp_index_vs_q3_2026
- 0.09907275
- revenue_full_runrate_oku
- 195773.383426
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.31078756
- revenue_full_runrate_oku
- 637114.505056
- nand
- volume_index_vs_q3_2026
- 1.19509257
- asp_index_vs_q3_2026
- 0.30316462
- revenue_full_runrate_oku
- 344194.298074
- 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
- 671418.484995
- non_sbc_sga_and_rd_oku
- 315961.639998
- sbc_expense_in_operating_cost_oku
- 8941.346539
- operating_cost_total_including_sbc_oku
- 996321.471532
- 営業利益(株式報酬控除後)
- 281013.748381
- 営業利益率
- 22.00%
- interest_income_oku
- 23466.281589
- interest_expense_oku
- 5396.303901
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 299083.726068
- income_tax_expense_oku
- 77761.768778
- nci_profit_oku
- 1106.609786
- 親会社帰属利益
- 220215.347504
- depreciation_and_amortization_noncash_addback_oku
- 185213.606887
- sbc_noncash_addback_to_operating_cash_oku
- 8941.346539
- 設備投資
- 300173.77668
- 運転資本の増加
- 3073.629871
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 411296.67106
- regular_dividend_company_oku
- 13212.92085
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 13212.92085
- buyback_cancellation_company_cash_oku
- 220.213777
- 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
- 1235913.388643
- cash_liquidity_end_oku
- 1333603.148396
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 4887974.956816
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -13212.92085
- issuer_common_shares_issued_end
- 713202597
- treasury_shares_end
- 1625769
- effective_shares_end
- 711576828
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4053E-9
- cancelled_shares
- 44870
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 1821858
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 44870
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 44870
- unannounced_conditional_new_program_cash_oku
- 220.213777
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.40533E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 0.9910009660967
- cash_paid_option_new_shares
- 0
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 490781.76
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 13126.798276
- 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
- 155624.625359
- conventional_dram
- 521229.602005
- nand
- 289754.159247
- other
- 87829.702776
- 売上高
- 1054438.089388
- segment_quantity_price_indices
内容を開く
- hbm
- volume_index_vs_q3_2026
- 1.86172713
- asp_index_vs_q3_2026
- 0.0892482
- revenue_full_runrate_oku
- 182771.364671
- conventional_dram
- volume_index_vs_q3_2026
- 1
- asp_index_vs_q3_2026
- 0.29861048
- revenue_full_runrate_oku
- 612151.485957
- nand
- volume_index_vs_q3_2026
- 1.21899442
- asp_index_vs_q3_2026
- 0.29385575
- revenue_full_runrate_oku
- 340298.09217
- 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
- 582935.553337
- non_sbc_sga_and_rd_oku
- 274322.613335
- sbc_expense_in_operating_cost_oku
- 7381.066626
- operating_cost_total_including_sbc_oku
- 864639.233298
- 営業利益(株式報酬控除後)
- 189798.85609
- 営業利益率
- 18.00%
- interest_income_oku
- 21574.978792
- interest_expense_oku
- 4597.946612
- nonrecurring_kioxia_profit_oku
- 0
- profit_before_tax_oku
- 206775.88827
- income_tax_expense_oku
- 53761.73095
- nci_profit_oku
- 765.070787
- 親会社帰属利益
- 152249.086533
- depreciation_and_amortization_noncash_addback_oku
- 152893.522961
- sbc_noncash_addback_to_operating_cash_oku
- 7381.066626
- 設備投資
- 247792.951006
- 運転資本の増加
- -2713.720716
- legacy_tax_liability_cash_settlement_oku
- 0
- operating_cash_generated_proxy_oku
- 315237.396836
- regular_dividend_company_oku
- 9134.945192
- kioxia_special_dividend_company_oku
- 0
- total_dividend_company_cash_oku
- 9134.945192
- buyback_cancellation_company_cash_oku
- 152.250783
- 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
- 1333603.148396
- cash_liquidity_end_oku
- 1391760.398251
- interest_bearing_debt_end_oku
- 120000
- parent_book_equity_end_oku
- 5038317.914
- unpaid_legacy_tax_liability_end_oku
- 0
- declared_dividend_book_equity_adjustment_oku
- -9134.945192
- issuer_common_shares_issued_end
- 714843399
- treasury_shares_end
- 1625769
- effective_shares_end
- 713217630
- holder_constant_non_tendered_old_shares
- 1
- holder_share_equivalence_factor
- 1.4021E-9
- cancelled_shares
- 34558
- employee_treasury_newly_purchased_shares
- 0
- employee_award_treasury_shares_delivered
- 0
- employee_award_new_shares_issued_for_zero_cash
- 1675360
- employee_plan_earmarked_treasury_shares_remaining
- 0
- cancellation_earmarked_treasury_shares_remaining
- 0
- shares_legally_cancelled_in_period
- 34558
- 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
- 113248.845494
- approved_oct28_plan_remaining_shares
- 0
- unannounced_conditional_new_program_shares_in_period
- 34558
- unannounced_conditional_new_program_cash_oku
- 152.250783
- unannounced_new_program_subjective_approval_probability
- 0.1
- synthetic_old_share_count_basis_multiplier
- 705173324
- one_old_share_ownership_fraction
- 1.402097E-9
- synthetic_old_share_claim_equivalence_multiplier_NOT_real_ownership
- 0.9887211060669
- cash_paid_option_new_shares
- 0
- thirdparty_paid_new_shares
- 0
- hypothetical_market_execution_price_krw
- 440565.95
- holder_buyback_cash_oku
- 0
- holder_issuer_subscriptions_cash_oku
- 0
- holder_annual_dividend_synthetic_not_real_oku
- 9052.739511
- 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
- 440149.919345
- 終価
- 2034095.76525
- 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
- 2034095.76525
- terminal_old_cohort_is_synthetic_not_actual_aggregate
- はい
- terminal_issuer_total_equity_value_oku
- 2057299.831842
- terminal_issuer_outstanding_shares
- 713217630
- terminal_issuer_common_price_krw
- 288453.31
- terminal_old_holder_ownership_fraction
- 未確認
- terminal_synthetic_share_equivalence_multiplier_NOT_REAL_OWNERSHIP
- 0.9887211060669
- terminal_one_old_share_ownership_fraction
- 1.402097E-9
- terminal_one_old_share_value_krw
- 288453.305878
- 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
- 1253231.878761
- 2037_sustainable_operating_profit_after_SBC_oku
- 238114.056965
- 2037_sustainable_SBC_expense_oku
- 8772.623151
- 2037_NCI_unadjusted_NOPAT_oku
- 176204.402154
- 2037_DA_addback_oku
- 181718.62242
- 2037_maintenance_plus_growth_capex_oku
- 244380.216358
- 2037_WC_reinvestment_oku
- 1203.102604
- 2037_SBC_employee_delivery_shares
- 1903134
- 2037_assumed_market_price_for_sbc_buyback_krw
- 460956.78
- 2037_stock_replenishment_cash_out_oku
- 8772.625112
- 2037_equity_SBC_noncash_credit_added_once_oku
- 8772.623151
- 2037_extra_SBC_cash_adjustment_oku
- -0.001961
- 2037_sustainable_FCFF_after_employee_replenishment_oku
- 112339.703652
- WACC
- 0.14
- perpetual_growth
- 0.012
- operating_enterprise_value_oku
- 877653.934778
- consolidated_liquidity_end_oku
- 1391760.398251
- required_operating_cash_not_surplus_oku
- 87726.231513
- net_liquidity_after_operating_reserve_oku
- 1304034.166738
- debt_end_oku
- 120000
- economic_NCI_deduction_oku
- 4388.269674
- independent_Kioxia_holdings_additional_valuation_oku
- 0
- terminal_parent_company_equity_value_oku
- 2057299.831842
- non_selling_real_claim_share_count
- 1
- synthetic_share_count_multiplier
- 705173324
- effective_total_common_share_count
- 713217630
- old_block_equity_value_oku
- 2034095.76525
- 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
- -0.1211592715
- irr_annual
- -0.1211592715
- 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
- 6.0E-9
- pv_timed_holder_distributions_at_equity_k_oku
- 367916.568002
- pv_holder_terminal_at_equity_k_oku
- 481355.438875
- pv_total_holder_payout_at_k_oku
- 849272.006876
- 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
- 1238371.421702
- 営業利益
- 222906.855906
- adjust_oku
- 0
- 純利益
- 178807.005968
- 期間内の親会社利益合計(億)
- 2453976.667563
- equity_oku
- 5038317.914
- multiple
- kind
forward_FCFF_over_WACC_minus_g
- 値
- 7.8125
- 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
- 101928.84549
- total_plan_purchase_company_cash_including_assumed_preasof_oku
- 113248.84549
- 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
- 0.1
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。
追加データ・検証記録
分析ごとに収録された追加の前提、年度別データ、検証上の注意を確認できます。
分析に使用した資料
- SK hynix
- SK hynix / US SEC
- SK hynix / US SEC
- SK hynix / US SEC
- SK hynix / US SEC
- SK hynix / US SEC
- SK hynix / US SEC
- SK hynix / US SEC
- SK hynix
- SK hynix
- StockAnalysis
- Korean National Tax Service
- Korean National Tax Service
- Korean National Tax Service
- US Internal Revenue Service
- KT Corporation / US SEC
- SK hynix / SEC EDGAR
- SK hynix / SEC EDGAR
- SK hynix / Korea Exchange
- Korea Exchange