[Kioxia Q1 Earnings Fall Short of Market Expectations, AI Storage Boom Expectations Cool Down] BlockBeats News, July 31, Japanese company Kioxia released its financial report today, reporting a first-quarter net profit of 842.17 billion yen, compared to 18.28 billion yen in the same period last year. Market expectations were 973.81 billion yen, and the first-quarter net profit fell short of market expectations. Driven by strong demand for NAND flash memory fueled by AI, Kioxia's earnings remain at historically high levels. However, this performance fell short of market consensus, reflecting that the market had already fully priced in the AI storage boom. Short-term investor sentiment may cool down, and attention should be paid to the company's full-year performance guidance and the impact of NAND supply and demand changes on profitability.