Summary of Consolidated Financial Statements for the Three Months Ended March 31, 2022
(Japanese GAAP)
Company name
Listing code
Representative
Contact

May 13, 2022
HORIBA, Ltd.
Listed stock exchanges: Tokyo
6856
URL: https://www.horiba.com/int/
Atsushi Horiba, Chairman & Group CEO
TEL: (81)75-313-8121
Yoshihiro Morita, Department Manager, Finance and Accounting Dept.
(Figures have been rounded down to the nearest million yen)

1. Consolidated Results for the Three Months Ended March 31, 2022 (January 1, 2022 - March 31, 2022)(1) Consolidated Operating Results(Percentages represent changes from the corresponding in the previous year)
Net Sales

Operating Income

Ordinary Income

Net Income Attributableto Owners of Parent

Millions of yen％ Millions of yen％ Millions of yen％％
Three Months Ended 3/31/22
55,510 14.3
8,605 45.0
8,743 48.6
5,721 46.7
Three Months Ended 3/31/21
48,5828.0
5,936 52.4
5,885 50.7
3,900 70.5
(Note) Comprehensive income: FY2022Q1 11,077 million yen (16.9％)
FY2021Q1
9,472 million yen (-％)
Millions of yen

Three Months Ended 3/31/22
Three Months Ended 3/31/21

Net Income Attributable
Net Income Attributableto Owners of Parent per Shareto Owners of Parent per Share(Diluted)
Yen
Yen
135.59134.8892.43
91.98(2) Consolidated Financial Position
Total Assets

Net Assets

Shareholders'Equity Ratio％
Millions of yen
Millions of yen
As of 3/31/22
382,235
211,350
55.1
As of 12/31/21
371,585
204,493
54.8(Reference) Net assets excluding subscription rights to shares and non-controlling interests:
As of 3/31/22
210,546 million yen
As of 12/31/21 203,688 million yen

2. Dividend
First
Quarter

Dividend per Share
SecondThird
Year End
Quarter
QuarterYen
FY 12/2021
FY 12/2022

-

Yen
50.00

Yen
-

FY 12/2022 (Forecast)
60.00(Note) Changes in the latest dividend forecasts released: Yes

Total

Yen
100.00Yen
150.00120.00180.003. Consolidated Forecast for the Year Ending December 31, 2022 (January 1, 2022 - December 31, 2022)(Percentages represent changes from the same period in the previous year)

Net Sales

Operating Income

Ordinary Income

Millions of yen％ Millions of yen％ Millions of yen
First Half
119,000 17.5
17,000 30.1
16,800
Full Year
260,000 15.9
38,000 18.6
37,500(Note) Changes in the latest business forecasts released: Yes

1

％
28.8
17.0

Net Income Attributableto Owners of Parent
Millions of yen

11,00025,500

％
25.8
19.7

Net Income Attributableto Owners of Parent
per ShareYen
260.68604.30HORIBA, Ltd. (Consolidated)

Notes(1) Changes in significant subsidiaries during the period(Changes in specified subsidiaries that caused a change in the scope of consolidation):

None(2) Application of the accounting method specific to quarterly consolidated financial statements:

Yes(3) Changes in accounting policies, accounting estimates and retrospective restatement① Changes in accounting policies associated with revision of accounting standards: Yes② Changes in accounting policies arising from other than the above: None
③ Changes in accounting estimates: None
④ Retrospective restatement: None
(4) Number of shares outstanding (common stock)① Shares issued (including treasury stock) March 31, 2022

42,532,752

December 31, 2021

42,532,752②

Treasury stock

March 31, 2022

335,502

December 31, 2021

335,502③

Average number of outstanding sharesJan. - Mar., 2022

42,197,250

Jan. - Mar., 2021

42,197,239

Note 1. This consolidated financial report is not subject to quarterly review by certified public accountants or accounting
firms.
Note 2. Appropriate use of business forecasts and other important information
The forecasts of dividend amount and business performance contained in this report have been made based on
certain future assumptions, outlooks, and plans which are available at the HORIBA Group as of May 13,2022.
However, due to risks and various uncertain factors such as future business operation policies, changes in theeconomic environment in Japan and overseas, fluctuation of currency rates, it is possible that actual performance
would vary considerably from the forecasts.

2

HORIBA, Ltd. (Consolidated)1. Qualitative Information Concerning Consolidated Results(1) Information Concerning Consolidated Operating Results(For details, see page 12-14, “3. Supplemental Information - HORIBA, Ltd. Financial Highlights for the Three Months
Ended March 31, 2022”)

During the three months ended March 31,2022 (the first quarter), HORIBA, Ltd. (“the Company”) and its consolidated
subsidiaries (together “the HORIBA Group” or “HORIBA” as a consolidated group) increased sales by 14.3% year-onyear to 55,510 million yen, due to an increase in sales in the Semiconductor segment. Operating income increased by
45.0% to 8,605 million yen, ordinary income by 48.6% to 8,743 million yen and net income attributable to owners ofparent (“net income”) by 46.7% to 5,721 million yen.
The operating results of each business segment are summarized as follows.

(Automotive Segment)
Sales of the ECT (Engineering Consultancy & Testing) business and others in Europe increased. As a result,segment sales increased by 12.5% year-on-year to 13,675 million yen and operating income of 133 million yen wasrecorded (after an operating loss of 424 million yen in the previous year).

(Process & Environmental Segment)
Mainly due to the decrease in a large project in Asia recorded in the first three months of the previous year, segment
sales decreased by 8.3% year-on-year to 4,788 million yen and operating income decreased by 35.1% to 453 million
yen.

(Medical-Diagnostics Segment)
Mainly due to an increase in sales of hematology analyzers, clinical chemistry analyzers and reagents in Asia,
segment sales increased by 5.5% year-on-year to 6,650 million yen. On the profit side, operating income decreased
by 5.8% to 154 million yen, partly due to an increase in R&D expenses.

(Semiconductor Segment)
Sales to semiconductor production equipment manufacturers increased significantly, in response to the expansion ofsemiconductor manufacturers’ capital expenditures driven by an increase in demand for semiconductors. As a result,segment sales increased by 20.5% year-on-year to 22,225 million yen and operating income increased by 36.6% to
7,180 million yen.

(Scientific Segment)
Sales of Raman spectrometers and optical components increased. As a result, segment sales increased by 26.4%
year-on-year to 8,169 million yen and operating income increased by 185.4% to 683 million yen.

3

HORIBA, Ltd. (Consolidated)(2) Information Concerning Consolidated Earnings Forecasts for FY2022
The consolidated earnings forecasts are summarized as follows.
Our assumption for the exchange rate has been changed from 115 yen to 124 yen against the US dollars and 130 yen
to 133 yen against the euro.

Consolidated forecasts for the first half of FY2022
Amount : Millions of yen
Previous Forecasts(As of Feb. 14)

Revised Forecasts(As of May. 13)

Changes

Net Sales

120,000

119,000-1,000Operating Income

16,00017,000+1,000Ordinary Income

15,80016,800+1,000Net Income Attributableto Owners of Parent

10,00011,000+1,000Consolidated forecasts for the first half of FY2022 by segment
Net Sales

Automotive

Amount : Millions of yen Operating Income
Previous
ReviseForecasts Forecasts(As of Feb. (As of May. Changes
14)
13)
32,00029,000

Amount : Millions of yen
Previous
Revised
Forecasts Forecasts(As of Feb. (As of May. Changes
14)
13)-3,000Automotive

-

-

-

1,000

1,000

-

-

-

-

Process&
Environmental

11,00011,000-

Process&
Environmental

Medical-Diagnostics

14,00014,000-

Medical-Diagnostics

Semiconductor

48,00049,000+1,000

Semiconductor

14,50015,000+500

Scientific15,00016,000+1,000Scientific

500

1,000

+500

Total

120,000

119,000-1,000Total

16,00017,000+1,000With regard to consolidated earnings forecasts for the first half of FY2022, after taking into account the recent foreignexchange rate trend, the Company has revised upward sales and operating income forecasts of the Semiconductor
segment and the Scientific segment by 1,000 million yen and 500 million yen respectively. On the other hand, sales of
the Automotive segment have been revised downward, since a part of the estimated sales for the first half (3,000
million yen) will be shifted into the second half due to a delay in progress of the business. As a result, overall sales andoperating income forecasts have been revised to 119,000 million yen and 17,000 million yen respectively. Also
forecasts for ordinary income and net income have been revised upward by 1,000 million yen each, due to an increasein operating income.

4

HORIBA, Ltd. (Consolidated)

Consolidated forecasts of full year FY2022
Amount : Millions of yen
Previous Forecasts(As of Feb. 14)

Revised Forecasts(As of May. 13)

Changes

Net Sales

250,000

260,000+10,000

Operating Income

35,00038,000+3,000Ordinary Income

34,50037,500+3,000Net Income Attributableto Owners of Parent

23,00025,500+2,500Consolidated forecasts of full year FY2022 by segment
Net Sales

Amount : Millions of yen Operating Income
Previous
ReviseForecasts Forecasts(As of Feb. (As of May. Changes
14)
13)

Amount : Millions of yen
Previous
Revised
Forecasts Forecasts(As of Feb. (As of May. Changes
14)
13)

Automotive

68,00070,000+2,000Automotive

1,500

1,500

-

Process&
Environmental

23,50023,500-

Process&
Environmental

2,000

2,000

-

Medical-Diagnostics

28,50028,500-

Medical-Diagnostics

500

500

-

Semiconductor

96,000103,000+7,000

Semiconductor

29,00031,500+2,500Scientific34,00035,000+1,000Scientific

2,000

2,500

+500

Total

250,000

260,000+10,000

Total

35,00038,000+3,000With regard to consolidated earnings forecasts for the full fiscal year, after taking into account the recent foreignexchange rate trend, the Company has revised upward sales of the Automotive segment by 2,000 million yen.
Forecasts for sales and operating income of the Semiconductor segment have been also revised upward by 7,000
million yen and 2,500 million yen respectively, while those forecasts of the Scientific segment have been revised
upward by 1,000 million yen and 500 million yen respectively. As a result, overall sales and operating income forecasts
have been revised to 260,000 million yen and 38,000 million yen respectively, and forecasts for ordinary income andnet income have been revised upward by 3,000 million yen and 2,500 million yen respectively due to an increase inoperating income.

5

HORIBA, Ltd. (Consolidated)Amendments to dividend forecasts for FY2022
Dividend per Share (Yen)InterimYear-end

Total

Previous Forecasts（As of Feb. 14）

50

110

160

Revised Forecasts

60

120

180

Actual Resultsfor FY 2021

50

100

150

The Company’s shareholder return policy is to set the total returns to shareholders (the combined amount of dividend
payments and share buybacks) at approximately 30% of consolidated net income.
Dividend forecasts for FY2022 had been 160 yen per share for the full year (50 yen for the interim and 110 yen for the
year-end) since “Summary of Consolidated Financial Statements for the Year Ended December 31, 2021” on February
14, 2022. However, considering the revised consolidated earnings forecasts for FY2022, the Company has amended
the forecasts to increase the year-end per-share dividend forecast by 20 yen (10 yen for the interim) to 180 yen (60 yen
for the interim and 120 yen for the year-end).

Cautionary statement with respect to earnings forecasts
The forecasts of dividend amount and business performance contained in this report have been made based on certain
future assumptions, outlooks, and plans which are available at the HORIBA Group as of May 13, 2022. However, due
to risks and various uncertain factors such as future business operation policies, changes in the economic environment
in Japan and overseas, fluctuation of currency rates, it is possible that actual performance would vary considerably fromthe forecasts.

6

HORIBA, Ltd. (Consolidated)2. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheets
Amount : Millions of yen
FY2021(As of December 31, 2021)

FY2022 First Quarter(As of March 31, 2022)

AssetsCurrent Assets:
Cash and bank deposits

135,023

136,113

Trade notes and accounts receivable

59,877--

58,103Marketable securities

2,012

1,102

Merchandise and finished goods

17,864

19,936Work in process

16,51320,755

Raw materials and supplies

18,736

21,395

Other current assets

9,249

10,266

Allowance for doubtful accounts(1,232)(1,290)Total Current Assets

258,044266,384

Buildings and structures, net

45,64847,173

Machinery, equipment and vehicles, net

12,986

13,633Land

15,994

16,350Construction in progress

9,231

9,380

Other property, plant and equipment, net

4,441

4,401

Total Property, Plant and Equipment

88,30290,939Goodwill

966

905

Software

1,968

1,882

Leasehold interests in land

607

637

Other intangibles

881

898

Total Intangibles

4,423

4,323

12,487

11,782

387

431

Deferred tax assets

5,002

5,434

Other investments and other assets

2,979

2,982

(43)

(44)

20,814

20,587

113,540

115,850

371,585

382,235

Notes and accounts receivable - trade,and contract assets

Fixed Assets:
Property, Plant and Equipment:

Intangibles:

Investments and Other Non-Current Assets:
Investment securities
Retirement benefit asset

Allowance for doubtful accounts
Total Investments and Other Non-Current Assets
Total Fixed Assets
Total Assets

7

HORIBA, Ltd. (Consolidated)Amount : Millions of yen
FY2021(As of December 31, 2021)

FY2022 First Quarter(As of March 31, 2022)

Liabilities
Current Liabilities:
Trade notes and accounts payable

29,54632,287

Short-term loans payable

25,10724,310Accounts payable - other

16,407

17,869Accrued income taxes

7,632

4,115

Advances received

14,308-Contract liabilities-

16,675

1,137

2,008

-

163

Reserve for product warranty

2,630

2,742

Other current liabilities

5,368

5,418

Total Current Liabilities

102,139

105,592

Corporate bonds

30,00030,000Long-term loans payable

25,07725,357

Deferred tax liabilities

1,731

1,479

Retirement benefit liability

2,107

2,276

Other non-current liabilities

6,036

6,178

Total Non-Current Liabilities

64,95365,291167,092

170,884

Common stock

12,011

12,011

Capital surplus

18,624

18,624Retained earnings

166,892

168,394

Treasury stock(1,323)(1,323)

Total Shareholders' Equity

196,204

197,706

Net unrealized holding gains or losses on securities

5,664

5,175

Foreign currency translation adjustments

1,889

7,734

Remeasurements of defined benefit plans

(69)

(69)

7,484

12,840

Subscription Rights to Shares

791

791

Non-Controlling Interests

1212

204,493

211,350

371,585

382,235

Accrued bonuses to employees
Accrued bonuses to directors and corporate auditors

Non-Current Liabilities:

Total Liabilities
Net Assets
Shareholders' Equity

Accumulated Other Comprehensive Income

Total Accumulated Other Comprehensive Income

Total Net Assets
Total Liabilities and Net Assets

8

HORIBA, Ltd. (Consolidated)(2) Consolidated Statements of Income and Consolidated Comprehensive Income Statements(Consolidated Statements of Income)Amount : Millions of yen
FY2021 First Quarter(Three Months Ended

FY2022 First Quarter(Three Months Ended

March 31, 2021)

March 31, 2022)

Net Sales

48,58255,510

Cost of Sales

28,332

31,534Gross Income

20,24923,975

Selling, General and Administrative Expenses

14,31315,369Operating Income

5,936

8,605

Interest income

60

56

Dividend income21Foreign exchange gains-

119

Subsidy income

48

80

Other

56

58

Total Non-Operating Income

168

316

Interest expenses

108

123

Foreign exchange losses

67

-

Other

43

54

Total Non-Operating Expenses

218

178

5,885

8,743

Gain on sales of fixed assets

31Gain on sales of investment securities

60

Total Extraordinary Gain

10

2

Loss on sales of fixed assets

00Loss on disposal of fixed assets

19

14

-

0

Total Extraordinary Losses

20

15

Income before Income Taxes

5,875

8,730

Income taxes (current)

1,975

3,346

Income taxes (deferred)

0

(334)

1,976

3,012

3,898

5,718

Loss attributable to non-controlling interests

(1)

(3)

Net Income Attributable to Owners of Parent

3,900

5,721

Non-Operating Income

Non-Operating Expenses

Ordinary Income
Extraordinary Gain

Extraordinary Losses

Loss on sale of investment securities

Total Income Taxes
Net Income

9

HORIBA, Ltd. (Consolidated)

(Consolidated Statements of Comprehensive Income)Amount : Millions of yen

Net Income

FY2021 First Quarter(Three Months Ended

FY2022 First Quarter(Three Months Ended

March 31, 2021)

March 31, 2022)

3,898

5,718

Net unrealized holding gains or losses on securities

730

(489)

Deferred gains or losses on hedges(6)-

Foreign currency translation adjustments

4,843

5,848

Remeasurements of defined benefit plans

5

0

5,573

5,358

9,472

11,077

9,473

11,077(0)(0)

Other Comprehensive Income

Total Other Comprehensive Income
Comprehensive Income(Breakdown of comprehensive income)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

10

HORIBA, Ltd. (Consolidated)

(3) Notes to Consolidated Financial Statements
Application of special accounting for preparing quarterly consolidated financial statement(Calculation method for tax expenses)
The Company and its domestic consolidated subsidiaries calculated income tax expenses by multiplying quarterly
income before income taxes by reasonably estimated annual effective tax rate. This tax rate was reasonably
estimated after applying the deferred tax accounting to the annual income before income taxes.
Change in accounting Policies(Application of Accounting Standard for Revenue Recognition, etc.)
The Company has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March
31,2020; hereinafter “Accounting Standard for Revenue Recognition”), etc. from the beginning of the first quarter of
FY 2022. Accordingly, revenue is recognized at the time of transfer of control over promised goods or services to thecustomer in the amount expected to be received in return for the goods or services.
The application of the Accounting Standard for Revenue Recognition, etc. is subject to the transitional treatment
provisions in Article 84, but there is no impact on the balance of retained earnings at the beginning of FY 2022.
There is no impact on the operating results due to the application of Accounting Standard for Revenue Recognition,etc..
Due to the application of the Accounting Standard for Revenue Recognition, etc., “Trade notes and accounts
receivable” presented under “Current Assets” in the consolidated balance sheets for the previous fiscal year, is
included in “Notes and accounts receivable - trade, and contract assets” instead, and “Advances received” presented
under “Current Liabilities” in the consolidated balance sheets for the previous fiscal year, is included in “Contract
liabilities” instead from the beginning of the first quarter of FY 2022.
In accordance with the transition provisions in Article 89-2 of the Accounting Standard for Revenue Recognition, theCompany has not reclassified financial statements for the previous fiscal year by using the new presentation method.
(Application of “Accounting Standard for Fair Value Measurement,” etc.)
The Company has applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4,
2019 (hereinafter “Accounting Standard for Fair Value Measurement”)), etc. from the beginning of the first quarter of
FY 2022.
The Company has prospectively applied new accounting policies based on the Accounting Standard for Fair Value
Measurement, etc. in accordance with the transition provisions in Article 19 of Accounting Standard for Fair Value
Measurement and Article 44-2 of “Accounting Standard for Financial Instruments” (ASBJ Statement No.10, July 4,2019). There is no impact of these changes on quarterly financial statements.
Additional information(Application of tax effect accounting for transition from consolidated taxation system to group tax sharing
system)With regard to the transition to group tax sharing system established in the “Act for Partial Amendment of the Income
Tax Act, etc.” (Act No. 8 of 2020) and items for which the non-consolidated taxation system has been reviewed in linewith the transition to the group tax sharing system, the Company and its domestic consolidated subsidiaries
calculated the amounts of deferred tax assets and deferred tax liabilities in accordance with the provisions of the tax
act before the amendment based on the treatment of Paragraph 3 of the “Practical Solution on the Treatment of Tax
Effect Accounting for the Transition from the Consolidated Taxation System to the Group Tax Sharing System” (ASBJ
Practical Issues Tax Force No. 39, March 31, 2020), instead of applying the provision of Paragraph 44 of the“Implementation Guidance on Tax Effect Accounting” (ASBJ Guidance No. 28, February 16, 2018).

11

HORIBA, Ltd. (Consolidated)3. Supplemental Information
HORIBA, Ltd. Financial Highlights for the Three Months Ended March 31, 2022
1. Consolidated Financial Results

Amount : Millions of yen
12/2022
Results

1Q (3 Months)

1Q (3 Months)

Net Sales

48,58255,510+6,927+14.3%

Operating Income

5,936

8,605

+2,669+45.0%

12.2%

15.5%

+3.3P

5,885

8,743

+2,857

12.1%

15.8%

+3.7P

3,900

5,721

+1,821Net Income Ratio

8.0%

10.3%

US$
Euro

106.09127.81116.34130.40Operating Income Ratio

Ordinary Income
Ordinary Income Ratio

Net Income Attributableto Owners of Parent

ChangesAmount12/2022
Forecasts

12/2021
Results

12/2021
Results

Ratio

1st Half

Full Year

Full Year

101,317 224,314

119,000 260,000

13,06932,04617,00038,000

12.9%

14.3%

14.3%

14.6%

13,04732,03816,80037,500

12.9%

14.3%

14.1%

14.4%

8,744

21,311

11,00025,500

+2.3P

8.6%

9.5%

9.2%

9.8%

+10.25107.82129.89109.90129.91-124.00133.00+48.6%+46.7%+2.59

2. Consolidated Segment Results
Net Sales

1st Half

Amount : Millions of yen

12/2021
Results

12/2022
Results

1Q (3 Months)

1Q (3 Months)

ChangesAmount12/2022
Forecasts

12/2021
Results

Ratio

1st Half

Full Year

1st Half

Full Year

Automotive

12,153

13,675+1,522+12.5%

24,924

61,24929,00070,000

Process&Environmental

5,224

4,788

-436

-8.3%

10,04020,217

11,00023,500

Medical-Diagnostics

6,302

6,650

+347

+5.5%

12,89625,882

14,00028,500

Semiconductor

18,44122,225+3,784+20.5%

40,04387,00449,000 103,000

Scientific

6,461

8,169

+1,708+26.4%

13,412

29,95816,000Total

48,58255,510+6,927+14.3%

Operating Income

12/2021
Results

12/2022
Results

1Q (3 Months)

1Q (3 Months)

ChangesAmountRatio

35,000101,317 224,314

119,000 260,000

12/2021
Results

12/2022
Forecasts

1st Half

Full Year

1st Half

Full Year

Automotive

(424)

133

+558

-

(1,187)(13)

Process&Environmental

699

453

-245

-35.1%

1,114

1,947

Medical-Diagnostics

164

154

-9

-5.8%

326

148

Semiconductor

5,257

7,180

+1,922+36.6%

12,351

28,00615,00031,500Scientific

239

683

+443

+185.4%

464

1,957

1,000

2,500

Total

5,936

8,605

+2,669+45.0%

13,06932,04617,00038,000

12

1,000

1,500
2,000

-

500

HORIBA, Ltd. (Consolidated)3. Consolidated Segment Sales by Destination

Amount : Millions of yen

12/2021
Results

12/2022
Results

1Q (3 Months)

1Q (3 Months)

12,153
Japan

Changes

12/2021
Results

12/2022
Forecasts

Full Year

Full Year

AmountRatio

13,675+1,522+12.5%

61,24970,000

4,810

4,962

+151

+3.2%

17,365

15,500

Asia

3,348

1,967

-1,380-41.2%

15,842

17,000Americas

796

1,174

+378

+47.5%

6,475

8,500

Europe

3,198

5,571

+2,373+74.2%

21,56629,000

Process&Environmental

5,224

4,788

-436

-8.3%

20,21723,500

Japan

2,762

2,675

-87

-3.2%

10,286

11,500

Asia

1,367

957

-409

-30.0%

5,046

6,000

Americas

527

567

+39

+7.5%

2,281

2,500

Europe

566

587

+21

+3.7%

2,603

3,500

6,302

6,650

+347

+5.5%

25,88228,500

Japan

1,477

1,490

+13

+0.9%

5,243

6,000

Asia

1,320

1,580

+260

+19.7%

5,714

6,500

Americas

1,403

1,373

-29

-2.1%

5,816

6,500

Europe

2,102

2,205

+103

+4.9%

9,108

9,500

18,44122,225+3,784+20.5%

87,004

103,000

Japan

5,831

7,238

+1,406+24.1%

26,83332,000

Asia

9,327

11,379+2,051+22.0%

44,85752,000Americas

2,168

2,368

+199

+9.2%

9,813

13,000Europe

1,113

1,239

+126

+11.4%

5,500

6,000

6,461

8,169

+1,708+26.4%

29,95835,000

Japan

2,140

2,465

+325

+15.2%

6,686

8,000

Asia

1,265

1,918

+652

+51.6%

8,057

9,800

Americas

1,832

2,342

+509

+27.8%

8,992

10,500Europe

1,222

1,443

+221

+18.1%

6,223

6,700

48,58255,510+6,927+14.3%

224,314260,000

Japan

17,022

18,832+1,810+10.6%

66,41473,000Asia

16,62817,803+1,174+7.1%

79,51791,300Americas

6,728

7,825

+1,097+16.3%

33,37941,000Europe8,203

11,048+2,845+34.7%

45,00254,700Automotive

Medical-Diagnostics

Semiconductor

Scientific

Total

13

HORIBA, Ltd. (Consolidated)5. Consolidated Financial Results (Quarterly Comparison)

Amount : Millions of yen

12/2021 Results

Net Sales
Operating Income
Operating Income Ratio

Ordinary Income
Ordinary Income Ratio

Net Income Attributableto Owners of Parent

12/2022

1Q

2Q

3Q

48,582

52,734

52,63970,35655,51063,489141,000

5,936

7,133

6,789

12,187

8,605

8,394

21,000

12.2%

13.5%

12.9%

17.3%

15.5%

13.2%

14.9%

5,885

7,161

6,820

12,169

8,743

8,056

20,700

12.1%

13.6%

13.0%

17.3%

15.8%

12.7%

14.7%

3,900

4,844

4,976

7,590

5,721

5,278

14,500

8.0%

9.2%

9.5%

10.8%

10.3%

8.3%

10.3%

Net Income Ratio

4Q

1Q Results

6. Consolidated Segment Results (Quarterly Comparison)
Net Sales

2Q Forecasts 2H Forecasts

Amount : Millions of yen

12/2021 Results

12/2022

1Q

2Q

3Q

4Q

Automotive

12,153

12,77012,38823,937

13,675

15,32441,000

Process&Environmental

5,224

4,816

4,527

5,649

4,788

6,211

12,500

Medical-Diagnostics

6,302

6,593

6,226

6,759

6,650

7,349

14,500

Semiconductor

18,441

21,602

22,64024,32122,225

26,77454,000Scientific

6,461

6,951

6,857

9,688

8,169

7,830

19,000Total

48,582

52,734

52,63970,35655,51063,489141,000

1Q

2Q

Operating Income

1Q Results

12/2021 Results

2Q Forecasts 2H Forecasts

12/2022

3Q

4Q

1Q Results

2Q Forecasts 2H Forecasts

Automotive

(424)

(763)

(747)

1,921

133

(133)

1,500

Process&Environmental

699

414

180

652

453

546

1,000

Medical-Diagnostics

164

162

(242)

63

154

(154)

500

Semiconductor

5,257

7,093

7,370

8,284

7,180

7,819

16,500Scientific

239

224

228

1,265

683

316

1,500

Total

5,936

7,133

6,789

12,187

8,605

8,394

21,000

Contact
Corporate Planning and Investor Relations, Corporate Planning Office, Finance and Legal Division, HORIBA, Ltd.
2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto 601-8510, Japan
E-mail: ir-info@horiba.com

14

HORIBA, Ltd. (Consolidated)