Kioxia shares experienced a sharp decline of 15.8% following the release of the company’s forecast for operating profit of ¥2 trillion for the December quarter, a marginal increase from the ¥1.99 trillion reported in the preceding quarter. The projection signaled a deceleration in earnings momentum relative to previous periods.

Screen Holdings declined 19% after maintaining its full-year forecast, notwithstanding record order intake and sustained resilience in the semiconductor equipment market. Other technology stocks also registered declines, with Ibiden decreasing 3.8%, Taiyo Yuden shedding 3% and SoftBank Group retreating 1.6%.