Yamato: Kamen Rider's third-quarter performance expected to be steady due to possible increase in NAND prices, rating maintained at buy.

Analysts at Daiwa Capital Markets stated that due to the potential increase in the average selling price of NAND flash memory, Kioxia's performance in the third quarter of fiscal year 2025 is expected to be robust. These analysts pointed out that spot prices of storage devices, including NAND flash memory, surged significantly in October. For the third quarter, Daiwa predicts that due to accelerated growth in demand for solid-state drives and data center storage, NAND prices will increase by 8% compared to the previous quarter. The brokerage firm forecasts a sequential revenue growth of 18% for Kioxia in the third quarter. The brokerage firm has raised the target price for the stock from 9,000 yen to 14,000 yen, maintaining a buy rating.