Summary of Consolidated Financial Statements for the Three Months Ended March 31, 2023
(Japanese GAAP)
Company name
Listing code
Representative
Contact

May 12, 2023
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, 2023 (January 1, 2023 - March 31, 2023)(Percentages represent changes from the corresponding in the previous year)(1) Consolidated Operating Results
Net Sales
Millions of yen

Three Months Ended 3/31/23
Three Months Ended 3/31/22

65,85455,510(Note) Comprehensive income: FY2023Q1

Three Months Ended 3/31/23
Three Months Ended 3/31/22

Operating Income% Millions of yen
18.6
10,45014.3
8,605

Ordinary Income% Millions of yen
21.4
10,32045.0
8,743

15,865 million yen (43.2%)

%
18.0
48.6

FY2022Q1

Net Income Attributableto Owners of Parent%
13,556 136.9
5,721 46.7

Millions of yen

11,077 million yen (16.9%)

Net Income Attributable
Net Income Attributableto Owners of Parent per Shareto Owners of Parent per Share(Diluted)
Yen
Yen
320.99319.36135.59134.88(2) Consolidated Financial Position
Total Assets

Net Assets

Shareholders'Equity Ratio

Millions of yen
Millions of yen%
As of 3/31/23
414,063
249,11460.0
As of 12/31/22
416,742
240,850
57.6(Reference) Net assets excluding subscription rights to shares and non-controlling interests:
As of 3/31/23
248,341 million yen
As of 12/31/22 240,065 million yen

2. Dividend

FY 12/2022
FY 12/2023

First
Quarter
Yen-

Dividend per Share
SecondThird
Year End
Quarter
Quarter
Yen
Yen
Yen
65.00
180.00FY 12/2023 (Forecast)
80.00(Note) Changes in the latest dividend forecasts released: None

Total
Yen
245.00175.00

255.003. Consolidated Forecasts for the Year Ending December 31, 2023 (January 1, 2023 - December 31, 2023)(Percentages represent changes from the same period in the previous year)

Net Sales

Operating Income

Ordinary Income% Millions of yen% Millions of yen%
First Half
127,500 10.9
18,500 13.8
18,300
9.0
Full Year
279,000
3.3
40,000 -12.7
39,500 -15.7(Note) Changes in the latest business forecasts released: Yes
Millions of yen

1

Net Income Attributableto Owners of Parent
Millions of yen

19,00034,000

%
69.0
-0.2

Net Income Attributableto Owners of Parent
per ShareYen
449.87805.03

HORIBA, 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: None
② 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, 2023

42,532,752

December 31, 2022

42,532,752② Treasury stock

March 31, 2023

298,394

December 31, 2022

302,553③ Average number of outstanding sharesJan. - Mar., 2023

42,231,966

Jan. - Mar., 2022

42,197,250

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 12,2023.
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, 2023”)

During the three months ended March 31,2023 (the first quarter), HORIBA, Ltd. (“the Company”) and its consolidated
subsidiaries (together “the HORIBA Group” or “HORIBA” as a consolidated group) increased sales by 18.6% year-onyear to 65,854 million yen, mainly due to an increase in sales in the Semiconductor segment. Operating income
increased by 21.4% to 10,450 million yen and ordinary income, by 18.0% to 10,320 million yen. In addition, contributed
mainly by extraordinary gain on the sale of shares of subsidiaries, net income attributable to owners of parent (“netincome”) increased by 136.9% to 13,556 million yen.
The operating results of each business segment are summarized as follows.

(Automotive Segment)
Sales of emission measurement systems increased in Americas and Asia. As a result, segment sales increased by
16.6% year-on-year to 15,943 million yen and operating income increased by 147.3% to 330 million yen.

(Process & Environmental Segment)
Mainly due to demand for industrial process measurement expanded, sales of process measurement equipment
business increased in Americas and Japan as well as water quality system in Japan. As a result, segment sales
increased by 12.9% year-on-year to 5,404 million yen an operating income increased by 16.6% to 529 million yen.

(Medical-Diagnostics Segment)
Mainly due to an increase in sales of hematology analyzers in Japan and Asia as well as clinical chemistry analyzers
and reagents in Americas, segment sales increased by 10.5% year-on-year to 7,351 million yen. On the profit side,
operating loss of 43 million yen was recorded owing mainly to an increase in rising purchasing prices (compared to an
operating income of 154 million yen in the first three months of the previous year).

(Semiconductor Segment)
Sales to semiconductor production equipment manufacturers increased due to high-level of order backlogs in theprevious year, while demand appeared to be slower recently. As a result, segment sales increased by 30.4% year-onyear to 28,988 million yen and operating income increased by 35.2% to 9,707 million yen.

(Scientific Segment)
Mainly due to a decrease in sales of optical components, segment sales decreased slightly to 8,166 million yen(compared to a sales of 8,169 million yen in the first three months of the previous year). On the profit side, operating
loss of 73 million yen was recorded mainly caused by a change in the product sales mix (compared to an operating
income of 683 million yen in the first three months of the previous year).

3

HORIBA, Ltd.(Consolidated)(2) Information Concerning Consolidated Earnings Forecasts for FY2023
The consolidated earnings forecasts are summarized as follows.
Our assumption for the exchange rate has been changed from 130 yen to 133 yen against the US dollars and 140 yen
to 144 yen against the euro.

Consolidated forecasts for the first half of FY2023
Amount: Millions of yen
Previous Forecasts(As of Feb. 14)

Revised Forecasts(As of May 12)

Changes

Net Sales

128,000

127,500-500

Operating Income

19,00018,500-500

Ordinary Income

18,80018,300-500

Net Income Attributableto Owners of Parent

17,00019,000+2,000Consolidated forecasts for the first half of FY2023 by segment
Net Sales

Amount: Millions of yen Operating Income
Previous
ReviseForecasts Forecasts
Changes(As of Feb. (As of May
14)
12)

Amount: Millions of yen
Previous
Revised
Forecasts Forecasts
Changes(As of Feb. (As of May
14)
12)

Automotive

30,00030,000-Automotive(1,500)(1,000)+500

Process&
Environmental

11,00011,000-

Process&
Environmental

1,000

1,000

-

Medical-Diagnostics

15,00015,000-

Medical-Diagnostics

-

-

-

Semiconductor

54,00054,000-

Semiconductor

18,00018,000-Scientific18,00017,500-500

Scientific

1,500

500

-1,000

Total

128,000

127,500

-500

Total

19,00018,500-500

With regard to consolidated earnings forecasts for the first half of FY2023, overall sales and operating income
forecasts have been revised to 127,500 million yen and 18,500 million yen respectively. Also forecast for ordinary
income has been revised downward by 500 million yen to 18,300 million yen. Meanwhile, net income forecast has
been revised upward by 2,000 million yen to 19,000 million yen, resulting from the UK's Substantial Shareholders
Exemption which will be applied to extraordinary gain on the sale of shares of subsidiaries.
By business segment, the Company has revised downward sales and operating income forecasts of the Scientificsegment by 500 million yen and 1,000 million yen respectively, after taking into account the recent order trend. On theother hand, operating income forecast of the Automotive segment has been revised upward by 500 million yen, since
products with good profit margins are expected to be recorded in the first half.

4

HORIBA, Ltd.(Consolidated)

Consolidated forecasts of full year FY2023
Amount: Millions of yen
Previous Forecasts(As of Feb. 14)

Revised Forecasts(As of May 12)

Changes

Net Sales

290,000

279,000-11,000

Operating Income

46,00040,000-6,000Ordinary Income

45,50039,500-6,000Net Income Attributableto Owners of Parent

35,50034,000-1,500Consolidated forecasts of full year FY2023 by segment
Net Sales

Amount: Millions of yen Operating Income
Previous
ReviseForecasts Forecasts
Changes(As of Feb. (As of May
14)
12)

Amount: Millions of yen
Previous
Revised
Forecasts Forecasts
Changes(As of Feb. (As of May
14)
12)

Automotive

79,00079,000-Automotive

500

500

-

Process&
Environmental

25,00025,000-

Process&
Environmental

2,500

2,500

-

Medical-Diagnostics

31,00031,000-

Medical-Diagnostics

500

500

-

Semiconductor

115,000

105,000-10,000

Semiconductor

38,50033,500-5,000Scientific40,00039,000-1,000Scientific

4,000

3,000

-1,000

Total

290,000

279,000-11,000

Total

46,00040,000-6,000With regard to consolidated earnings forecasts for the full fiscal year, overall sales and operating income forecasts
have been revised to 279,000 million yen and 40,000 million yen respectively, while forecasts for ordinary income andnet income have been revised downward by 6,000 million yen to 39,500 million yen and by 1,500 million yen to 34,000
million yen respectively due to a decrease in operating income.
By business segment, forecasts for sales and operating income of the Semiconductor segment have been revised
downward by 10,000 million yen and 5,000 million yen respectively, while those forecasts of the Scientific segment
have also been revised downward by 1,000 million yen each , after taking into account the recent order trend.
The dividend forecast for the current fiscal year remains unchanged.
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 12, 2023.
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.

5

HORIBA, Ltd.(Consolidated)2. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheets
Amount: Millions of yen
FY2022

FY2023 First Quarter(As of December 31, 2022)(As of March 31, 2023)

AssetsCurrent Assets:
Cash and bank deposits

139,855

125,489

69,81865,344Marketable securities

1,499

2,000

Merchandise and finished goods

26,44730,471Work in process

21,41523,548Raw materials and supplies

27,40931,046

Other current assets

11,422

13,422

Allowance for doubtful accounts(1,320)(1,355)

Total Current Assets

296,547

289,968

Buildings and structures, net

54,22654,538

Machinery, equipment and vehicles, net

13,894

15,813

Land

16,865

19,263

Construction in progress

6,379

2,611

Other property, plant and equipment, net

4,337

4,360

Total Property, Plant and Equipment

95,702

96,586

Goodwill

610

516

Software

1,559

1,468

Leasehold interests in land

616

621

Other intangibles

806

786

Total Intangibles

3,593

3,393

10,475

11,915

690

737

Deferred tax assets

6,715

7,885

Other investments and other assets

3,063

3,622

(46)

(47)

20,89824,114

120,195

124,094

416,742414,063

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

6

HORIBA, Ltd.(Consolidated)Amount: Millions of yen
FY2022(As of December 31, 2022)

FY2023 First Quarter(As of March 31, 2023)

Liabilities
Current Liabilities:
Trade notes and accounts payable

36,94534,943

Short-term loans payable

12,351

1,444

Accounts payable - other

19,44321,512

Accrued income taxes

9,133

5,752

Contract liabilities

24,632

26,313

Accrued bonuses to employees

2,003

3,080

-

261

Reserve for product warranty

2,799

2,910

Other current liabilities

4,920

4,848

Total Current Liabilities

112,229

101,067

Corporate bonds

30,00030,000Long-term loans payable

24,85424,889Deferred tax liabilities

1,270

1,182

Retirement benefit liability

1,547

1,666

Other non-current liabilities

5,990

6,142

Total Non-Current Liabilities

63,66363,881

175,892

164,948

Common stock

12,011

12,011

Capital surplus

18,684

18,685Retained earnings

194,000

199,955

Treasury stock(1,193)(1,177)

Total Shareholders' Equity

223,502229,475

Net unrealized holding gains or losses on securities

4,257

4,360

Foreign currency translation adjustments

12,156

14,359Remeasurements of defined benefit plans

148

146

16,562

18,866

Subscription Rights to Shares

769

751

Non-Controlling Interests1520

240,850

249,114416,742414,063

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

7

HORIBA, Ltd.(Consolidated)(2) Consolidated Statements of Income and Consolidated Comprehensive Income Statements(Consolidated Statements of Income)Amount: Millions of yen
FY2022 First Quarter(Three Months Ended
March 31, 2022)

FY2023 First Quarter(Three Months Ended
March 31, 2023)

Net Sales

55,51065,854

Cost of Sales

31,53436,560Gross Income

23,97529,293

Selling, General and Administrative Expenses

15,36918,842

Operating Income

8,605

10,450Interest income

56

322

Dividend income

12Foreign exchange gains

119-

Subsidy income

80

3

Other

58

78

Total Non-Operating Income

316

406

123

224

-

281

Other

54

31

Total Non-Operating Expenses

178

537

8,743

10,320Gain on sales of fixed assets

15Gain on sales of investment securities

0-Gain on sale of shares of subsidiaries

-

6,083

Total Extraordinary Gain

2

6,089

Loss on sales of fixed assets

0-Loss on disposal of fixed assets

14

11

Loss on sale of investment securities

00

Loss on valuation of investment securities-

21

Total Extraordinary Losses

15

32

Income before Income Taxes

8,730

16,377

Income taxes (current)

3,346

4,068

Income taxes (deferred)(334)(1,252)

Total Income Taxes

3,012

2,816

5,718

13,561

(3)

5

5,721

13,556

Non-Operating Income

Non-Operating Expenses
Interest expenses
Foreign exchange losses

Ordinary Income
Extraordinary Gain

Extraordinary Losses

Net Income
Profit (loss) attributable to non-controlling interests
Net Income Attributable to Owners of Parent

8

HORIBA, Ltd.(Consolidated)

(Consolidated Statements of Comprehensive Income)Amount: Millions of yen
FY2022 First Quarter(Three Months Ended
March 31, 2022)

FY2023 First Quarter(Three Months Ended
March 31, 2023)

5,718

13,561

Net unrealized holding gains or losses on securities

(489)

103

Foreign currency translation adjustments

5,848

2,159

Remeasurements of defined benefit plans

0

(2)

-

44

5,358

2,304

11,077

15,865

11,077

15,860(0)5

Net Income
Other Comprehensive Income

Share of other comprehensive income of entities accounted forusing equity method
Total Other Comprehensive Income
Comprehensive Income(Breakdown of comprehensive income)Comprehensive income attributable to owners of parent
Comprehensive income attributable to non-controlling interests

9

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.
Additional information(Application of the Practical Solution on the Accounting and Disclosure Under the Group Tax Sharing System)
The Company and its domestic consolidated subsidiaries have transitioned from the consolidated
taxation system to the group tax sharing system from the beginning of the first quarter of FY2023. Accordingly, theaccounting procedures and disclosure of corporate and local income taxes and tax effect accounting are accounted
for and disclosed in accordance with the “Practical Solution on the Accounting and Disclosure Under the Group Tax
Sharing System”(ASBJ Practical Issues Task Force No. 42, August 12, 2021; hereinafter, “Practical Solution No. 42”).
Pursuant to the provision of Paragraph 32 (1) of Practical Solution No. 42, the Company has assumed that there is no
impact of the change in accounting policy due to the application of Practical Solution No. 42.

10

HORIBA, Ltd.(Consolidated)

Business divestiture
On February 1, 2023, HORIBA MIRA Limited (U.K.) (hereinafter MIRA), a consolidated subsidiary of the Company,
sold part of the shares of MIRA UGV Limited (U.K.) (hereinafter UGV) owned by MIRA to Iveco Defence Vehicles
S.p.A. (Italy) (hereinafter IDV). As a result, UGV is no longer a consolidated subsidiary and has become an equitymethod affiliate.
1. Outline of business divestiture(1) Name of the acquiring entity
Iveco Defence Vehicles S.p.A (Italy)(2) Content of divestiture business
Unmanned Ground Vehicle (UGV) development engineering services for the defense industry(3) Main reasons for business divestiture
MIRA has provided Unmanned Ground Vehicle development engineering services for the defense industry. Taking
a comprehensive view of the future prospects of the entire HORIBA Group, HORIBA decided to transfer part of theshares of UGV to IDV, in order to concentrate management resources of the Automotive Segment on field ofconsumer vehicles such as passenger cars and heavy-duty vehicles.
(4) Date of divestiture
February 1, 2023
(5) Overviews of transaction including legal form
Share transfer which the consideration received is cash.
2. Outline of accounting treatment
Amount of gain or loss on transfer
Gain on sale of shares of subsidiaries and associates: 6,083 million yen
The difference between the book value of the transferred shares on the consolidated basis and the transferred
amount is recorded as gain on sale of shares of subsidiaries. It includes 1,271 million yen as gain on valuation ofshares of associates.
3. Reportable segment that includes the consolidated subsidiary to be transferred
Automotive Segment
4. Approximate amount of profit or loss related to the divested business recorded in the consolidated
statements of income for the three months ended March 31, 2023
Sales: 20 million yen
Operating loss: 24 million yen

11

HORIBA, Ltd.(Consolidated)3. Supplemental Information
HORIBA, Ltd. Financial Highlights for the Three Months Ended March 31, 2023
1. Consolidated Financial Results

Amount : Millions of yen

12/2022
Results

12/2023
Results

1Q (3 Months)

1Q (3 Months)

Net Sales

55,510Operating Income

AmountRatio

65,854+10,343+18.6%

8,605

10,450+1,845+21.4%

15.5%

15.9%

+0.4P

8,743

10,320+1,577

15.8%

15.7%

-0.1P

5,721

13,556+7,834Net Income Ratio

10.3%

20.6%

US$
Euro

116.34130.40132.42
142.16

Operating Income Ratio

Ordinary Income
Ordinary Income Ratio

Net Income Attributableto Owners of Parent

12/2023
Forecasts

12/2022
Results

Changes

1st Half

Full Year

Full Year

114,965 270,133

127,500 279,000

16,26045,84318,50040,000

14.1%

17.0%

14.5%

14.3%

16,784

46,86018,30039,500

14.6%

17.3%

14.4%

14.2%

11,24034,072

19,00034,000+10.3P

9.8%

12.6%

14.9%

12.2%

+16.08123.14134.39131.62138.14133.00144.00133.00144.00+18.0%+136.9%+11.76

2. Consolidated Segment Results
Net Sales

1st Half

Amount : Millions of yen

12/2022
Results

12/2023
Results

1Q (3 Months)

1Q (3 Months)

ChangesAmount12/2023
Forecasts

12/2022
Results

Ratio

1st Half

Full Year

1st Half

Full Year

Automotive

13,675

15,943+2,267+16.6%

25,68867,52430,00079,000

Process&Environmental

4,788

5,404

+616

+12.9%

10,191

22,541

11,00025,000

Medical-Diagnostics

6,650

7,351

+700

+10.5%

13,67329,75315,00031,000

Semiconductor

22,22528,988+6,762+30.4%

49,421 114,075

54,000 105,000

Scientific

8,169

8,166

-3

-0.0%

15,98917,500Total

55,51065,854+10,343+18.6%

12/2022
Results

12/2023
Results

1Q (3 Months)

1Q (3 Months)

Automotive

133

330

Process&Environmental

453

Medical-Diagnostics

Operating Income

ChangesAmount36,23939,000114,965 270,133

127,500 279,000

12/2022
Results

12/2023
Forecasts

Ratio

1st Half+197+147.3%(1,762)(667)(1,000)

500

529

+75

+16.6%

638

2,101

1,000

2,500

154

(43)

-198

-

(162)

(99)

Semiconductor

7,180

9,707

+2,527+35.2%

16,78042,00518,00033,500Scientific

683

(73)

-756

-

765

2,503

500

3,000

Total

8,605

10,450+1,845+21.4%

16,26045,84318,50040,00012

Full Year

1st Half

Full Year-500

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

Amount : Millions of yen
12/2022
Results

12/2023
Forecasts

Full Year

Full Year

12/2022
Results

12/2023
Results

1Q (3 Months)

1Q (3 Months)

AmountRatio

13,675

15,943+2,267+16.6%

67,52479,000

Japan

4,962

4,989

+27

+0.6%

16,555

14,500

Asia

1,967

2,955

+988

+50.2%

14,33920,700Americas

1,174

1,819

+645

+55.0%

8,110

10,400Europe

5,571

6,178

+606

+10.9%

28,51833,400

Process&Environmental

4,788

5,404

+616

+12.9%

22,541

25,000

Japan

2,675

3,022

+347

+13.0%

10,861

11,800

Asia

957

942

-14

-1.5%

5,585

6,300

Americas

567

737

+170

+30.1%

3,002

3,000

Europe

587

701

+113

+19.2%

3,092

3,900

6,650

7,351

+700

+10.5%

29,75331,000

Japan

1,490

1,750

+259

+17.4%

6,363

6,700

Asia

1,580

1,733

+152

+9.6%

7,102

7,500

Americas

1,373

1,682

+308

+22.5%

6,517

7,000

Europe

2,205

2,185

-20

-0.9%

9,769

9,800

22,22528,988+6,762+30.4%

114,075

105,000

Japan

7,238

8,452

+1,213+16.8%

32,46929,000Asia

11,37915,729+4,350+38.2%

59,50957,800Americas

2,368

2,496

+127

+5.4%

15,26911,000Europe

1,239

2,310

+1,070+86.3%

6,827

7,200

8,169

8,166

-3

-0.0%

36,23939,000

Japan

2,465

2,572

+106

+4.3%

7,117

9,000

Asia

1,918

2,277

+359

+18.7%

11,935

13,900Americas

2,342

2,050

-291

-12.4%

10,4608,700Europe

1,443

1,265

-178

-12.3%

6,725

7,400

55,51065,854+10,343+18.6%

270,133

279,000

Japan

18,832

20,787+1,954+10.4%

73,36771,000Asia

17,80323,639+5,835+32.8%

98,472

106,200

Americas

7,825

8,787

+961

+12.3%

43,36040,100Europe11,04812,640+1,591+14.4%

54,93361,700Automotive

Medical-Diagnostics

Semiconductor

Scientific

Total

Changes

13

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

Amount : Millions of yen

12/2022 Results

Net Sales
Operating Income
Operating Income Ratio

Ordinary Income
Ordinary Income Ratio

Net Income Attributableto Owners of Parent
Net Income Ratio

12/2023

1Q

2Q

3Q

4Q

1Q Results

55,51059,45470,15685,01265,854

61,645

151,500

8,605

7,654

12,311

17,271

10,4508,049

21,500

15.5%

12.9%

17.5%

20.3%

15.9%

13.1%

14.2%

8,743

8,041

12,723

17,351

10,3207,979

21,200

15.8%

13.5%

18.1%

20.4%

15.7%

12.9%

14.0%

5,721

5,518

9,461

13,37013,556

5,443

15,000

10.3%

9.3%

13.5%

15.7%

20.6%

8.8%

9.9%

6. Consolidated Segment Results (Quarterly Comparison)
Net Sales

2Q Forecasts 2H Forecasts

Amount : Millions of yen

12/2022 Results

12/2023

1Q

2Q

3Q

4Q

Automotive

13,67512,013

15,632

26,203

15,943

14,05649,000

Process&Environmental

4,788

5,403

5,233

7,116

5,404

5,595

14,000

Medical-Diagnostics

6,650

7,022

7,914

8,165

7,351

7,648

16,000

Semiconductor

22,22527,19531,99432,65928,98825,01151,000Scientific

8,169

7,819

9,380

10,868

8,166

9,333

21,500Total

55,51059,45470,15685,01265,854

61,645

151,500

1Q

2Q

3Q

4Q

Operating Income

1Q Results

12/2022 Results

2Q Forecasts 2H Forecasts

12/2023
1Q Results

2Q Forecasts 2H Forecasts

Automotive

133(1,895)(1,530)

2,624

330

(1,330)1,500

Process&Environmental

453

184

343

1,119

529

470

1,500

Medical-Diagnostics

154

(316)

140

(77)

(43)

43

500

Semiconductor

7,180

9,600

12,46812,757

9,707

8,292

15,500Scientific

683

82

890

848

(73)

573

2,500

Total

8,605

7,654

12,311

17,271

10,4508,049

21,500

Contact
IR・ESG, Corporate Planning Office, Group Strategy Division, HORIBA, Ltd.
2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto 601-8510, Japan
E-mail: ir-info@horiba.com

14

HORIBA, Ltd.(Consolidated)