[NOTICE: This Notice is a translation of the Japanese original for reference purpose only, and in theevent of any discrepancy, the Japanese original shall prevail.]
February 14, 2024
To whom it may concern
Company Name:HORIBA, Ltd.

Name of representative:

Masayuki Adachi, President & COO(Securities code: 6856; Prime of Tokyo
Stock Exchange)

Name and Title ofAiji Horii, Department Manager ofContact Person:

Administration Department(Telephone Number: (81)75-313－8121)

Notice Concerning Determination of Matters Relating to the Repurchase of Shares ofCommon Stock(Repurchase of Shares under the Provisions of the Articles of Incorporation pursuant to the Provisions ofArticle 459, Paragraph (1) of the Companies Act of Japan)
We hereby inform you that HORIBA, Ltd. (the “Company”) resolved at a meeting of the Board ofDirectors held on February 14, 2024 to repurchase shares of its common stock pursuant to the provisionsof Article 459, paragraph (1) of the Companies Act of Japan and the provisions of Article 39 of theCompany’s Articles of Incorporation. The details are described below.
1. Reason for repurchasing shares
The Company refers to shareholders as "owners" and have continued to pay dividends toshareholders based on a payout ratio since 1974, the earliest among listed companies in Japan.
At the Board of Directors meeting held on February 14, 2024, the Company changed the shareholder
return policy as below;(Current) “Targeting a total shareholder return ratio (total of dividends and share buybacks) at 30%of net income attributable to owners of parent."(New)“Targeting a dividend payout ratio at 30% of net income attributable to owners of parent,
while special dividend and share buybacks will be executed timely and properly, taking
into account investment opportunities, cash flow situation and other factors".

The Company will actively invest for growth (human resources, technology, facilities, M&A, andsustainability, etc.) as defined in MLMAP 2028, the new med-long term management planannounced on February 14, 2024. Internal funds will be used for such investments and also tomaintain sound financial conditions. Additionally, as part of the capital policy, the Company will planout to implement special dividends and share buybacks considering the necessity. Taking into
account the new shareholder return policy mentioned above, the Company will repurchase up to530,000 shares of its common stock or 5,000 million yen. The repurchased shares will be cancelled
except for those to be prepared for stock-based remunerations to the Group's directors, executive
officers, and others.
12. Details of matters relating to repurchase(1)

Class of shares to be

Shares of Common Stock of the Company

repurchased(2)

Total number of shares to be

Up to 530,000 shares

repurchased(1.25% of total number of issued shares (excludingtreasury stock))(3)

Total purchase price of

Up to 5,000 million yen

repurchase of shares(4)

Period of repurchase

From February 15, 2024 to April 30, 2024

(5)

Method of repurchase

Purchase through the Tokyo Stock Exchange(Reference) Number of issued shares and treasury stock as of December 31, 2023


Total number of issued shares 42,269,723 shares(excluding treasury stock)Number of treasury stock

263,029 shares-End-2