Summary of Consolidated Financial Statements for the Nine Months Ended September 30, 2023
(Japanese GAAP)
Company name
Listing code
Representative
Contact

November 13, 2023
HORIBA, Ltd.
Listed stock exchanges: Tokyo
6856
URL: https://www.horiba.com/int/
Masayuki Adachi, President & COO
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 Nine Months Ended September 30, 2023 (January 1, 2023 - September 30, 2023)(Percentages represent changes from the corresponding in the previous year)(1) Consolidated Operating Results
Net Sales
Millions of yen

Nine Months Ended 9/30/23
Nine Months Ended 9/30/22

200,679
185,121(Note) Comprehensive income: FY2023Q3

Nine Months Ended 9/30/23
Nine Months Ended 9/30/22

Operating Income％ Millions of yen
8.4
28,49920.2
28,571

Ordinary Income％ Millions of yen-0.3
29,08943.929,50844,608 million yen (25.5％)

％
-1.4
48.5

FY2022Q3

Net Income Attributableto Owners of Parent
Millions of yen

26,972
20,702

％
30.3
50.9

35,534 million yen (75.2％)

Net Income Attributable
Net Income Attributableto Owners of Parent per Shareto Owners of Parent per Share(Diluted)
Yen
Yen
638.32635.22490.40487.86(2) Consolidated Financial Position
Total Assets

Shareholders'Equity Ratio

Net Assets

Millions of yen
Millions of yen％
As of 9/30/23
441,271
274,649
62.1
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 9/30/23
273,922 million yen
As of 12/31/22 240,065 million yen

2. Dividends
Dividend per ShareFY 12/2022

First
QuarterYen-

FY 12/2023-

SecondQuarter
Yen
65.00

Third
Quarter
Yen
-

80.00

FY 12/2023 (Forecasts)(Note) Changes in the latest dividend forecasts released:

Year End

Total

Yen
180.00Yen
245.00180.00260.00-Yes

3. Consolidated Forecasts for the Year Ending December 31, 2023 (January 1, 2023 - December 31, 2023)(Percentages represent changes from the previous fiscal year)

Net Sales

Operating Income

Ordinary Income

Millions of yen％ Millions of yen％ Millions of yen
Full Year
284,000
5.1
43,000 -6.2
43,000(Note) Changes in the latest business forecasts released: Yes

1

％
-8.2

Net Income Attributableto Owners of Parent
Millions of yen

36,000％5.7

Net Income Attributableto Owners of Parent
per ShareYen
851.67

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)

September 30, 2023 42,532,752

December 31, 2022

42,532,752② Treasury stock

September 30, 2023

263,029

December 31, 2022

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

42,255,165

Jan. - Sep., 2022

42,214,607

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 November 13,
2023. However, due to risks and various uncertain factors such as future business operation policies, changes inthe economic 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 Nine Months
Ended September 30, 2023”)

During the nine months ended September 30, 2023, HORIBA, Ltd. (“the Company”) and its consolidated subsidiaries(together “the HORIBA Group” or “HORIBA” as a consolidated group) increased sales by 8.4% year-on-year to 200,679
million yen, mainly due to an increase in sales in the Automotive segment. Operating income decreased by 0.3% to28,499 million yen and ordinary income by 1.4% to 29,089 million yen, mainly caused by a change in the product sales
mix in the Scientific segment. In addition, contributed mainly by extraordinary gain on the sale of shares of subsidiaries
in the first quarter of FY2023, net income attributable to owners of parent (“net income”) increased by 30.3% to 26,972
million yen.
The operating results of each business segment are summarized as follows.

(Automotive Segment)
Sales of emission measurement systems in Asia and Americas, and sales in the MCT (Mechatronics) business in
Europe increased. As a result, segment sales increased by 16.6% year-on-year to 48,167 million yen. On the profit
side, factors including an increase in expenses driven by expanded investment in the growth areas such as hydrogen
related field resulted in recording operating loss of 2,737 million yen (compared to an operating loss of 3,292 million
yen in the first nine months of the previous year).

(Process & Environmental Segment)
Sales of air pollution analyzers in Europe as well as sales in the process measurement equipment business and ofwater quality system in Americas increased. As a result, segment sales increased by 11.9% year-on-year to 17,257
million yen and operating income increased by 44.9% to 1,422 million yen.

(Medical-Diagnostics Segment)
Sales of hematology analyzers in Asia and Americas as well as clinical chemistry analyzers and reagents in Europe
and Americas increased by 8.4% year-on-year to 23,408 million yen. Operating income amounted to 229 million yen(compared to an operating loss of 21 million yen in the first nine months of the previous year).

(Semiconductor Segment)
Sales to semiconductor production equipment manufacturers increased due to the high-level of order backlogs by
the previous year, while the adjustment phase continued in the semiconductor market. As a result, segment sales
increased by 3.9% year-on-year to 84,556 million yen. On the profit side, operating income decreased by 1.5% to28,822 million yen mainly caused by a temporary change in the product sales mix.

(Scientific Segment)
Mainly due to an increase in sales of Raman spectrometers in Asia, segment sales increased by 7.6% year-on-year
to 27,289 million yen. On the profit side, operating income decreased by 53.9% to 762 million yen mainly caused bya change in the product sales mix.

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 137 yen to 141 yen against the US dollars and 148 yen
to 151 yen against the euro.
Consolidated forecasts of FY2023 (Full year)
Amount: Millions of yen
Previous Forecasts(As of Aug. 9)

Revised Forecasts(As of Nov. 13)

Changes

Net Sales

281,000

284,000+3,000Operating Income

41,00043,000+2,000Ordinary Income

41,00043,000+2,000Net Income Attributableto Owners of Parent

35,50036,000+500

Consolidated forecasts of FY2023 by segment (Full year)
Net Sales

Amount: Millions of yen Operating Income
Previous
Revised
Forecasts Forecasts
Changes(As of Aug. (As of Nov.
9)
13)

Amount: Millions of yen
Previous
Revised
Forecasts Forecasts
Changes(As of Aug. (As of Nov.
9)
13)

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

107,000

110,000+3,000

Semiconductor

34,50036,500+2,000Scientific39,00039,000-Scientific

3,000

3,000

-

Total

281,000

284,000+3,000Total

41,00043,000+2,000With regard to consolidated earnings forecasts for FY2023, the Company has revised upward its Semiconductor
segment forecasts for sales by 3,000 million yen and operating income by 2,000 million yen by taking into account theexchange rate trends.
This has resulted in upward revision in the overall sales forecast to 284,000 million yen and in the operating income
forecast to 43,000 million yen. Due to the upward revision in operating income, the forecasts for ordinary income andnet income have also been revised upward by 2,000 million yen to 43,000 million yen and by 500 million yen to 36,000
million yen respectively.

4

HORIBA, Ltd. (Consolidated)Amendments to dividend forecasts for FY2023
Amount: Yen
Annual Dividend per Share
Record Date

InterimYear-end

Previous Forecasts(As of Aug. 9)
Revised Forecasts
Result for FY2023

80(Reference)
Results for FY2022

65

Total
175

255

180

260

180

245

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.
The dividend forecast for FY2023 had been 255 yen per share since the announcement of the “Summary ofConsolidated Financial Statements for the Six Months Ended June 30, 2023” on August 9, 2023. However, considering
the revised consolidated earnings forecasts for FY2023, the Company has amended the forecast for the year-end pershare dividend with an increase of 5 yen to 180 yen and thus revised upward the annual dividend forecast to 260 yen,including interim dividend which had already been paid.

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 November 13, 2023. 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 varyconsiderably from the forecasts.

5

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

FY2023 Third Quarter(As of December 31, 2022)(As of September 30, 2023)

139,855

126,650

69,81864,528Marketable securities

1,499

2,000

Merchandise and finished goods

26,447

36,119Work in process

21,41529,645

Raw materials and supplies

27,40938,185

Other current assets

11,422

16,238

Allowance for doubtful accounts(1,320)(1,488)

Total Current Assets

296,547

311,878

Buildings and structures, net

54,22657,051

Machinery, equipment and vehicles, net

13,894

16,842

Land

16,86520,052

Construction in progress

6,379

2,596

Other property, plant and equipment, net

4,337

4,812

Total Property, Plant and Equipment

95,702

101,355

Goodwill

610

805

Software

1,559

1,311

Leasehold interests in land

616

660

Other intangibles

806

781

Total Intangibles

3,593

3,558

10,475

14,688

690

841

Deferred tax assets

6,715

6,779

Other investments and other assets

3,063

2,238

(46)

(69)

Total Investments and Other Non-Current Assets

20,89824,478

Total Fixed Assets

120,195

129,393

Total Assets

416,742441,271

AssetsCurrent Assets:
Cash and bank deposits
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

6

HORIBA, Ltd. (Consolidated)Amount: Millions of yen
FY2022

FY2023 Third Quarter(As of December 31, 2022)(As of September 30, 2023)

Trade notes and accounts payable

36,94530,649

Short-term loans payable

12,351

5,066

Accounts payable-other

19,44318,723

Accrued income taxes

9,133

3,537

Contract liabilities

24,632

31,223

Accrued bonuses to employees

2,003

3,311

-

791

Reserve for product warranty

2,799

3,214

Other current liabilities

4,920

5,837

Total Current Liabilities

112,229

102,355

Corporate bonds

30,00030,000Long-term loans payable

24,85424,986

Deferred tax liabilities

1,270

584

Retirement benefit liability

1,547

1,922

Other non-current liabilities

5,990

6,773

Total Non-Current Liabilities

63,66364,266

Total Liabilities

175,892

166,622

12,011

12,011

Capital surplus

18,684

18,766

Retained earnings

194,000

209,990

Treasury stock(1,193)(1,037)

Total Shareholders' Equity

223,502239,730

Net unrealized holding gains or losses on securities

4,257

6,172

Foreign currency translation adjustments

12,15627,869Remeasurements of defined benefit plans

148

150

16,562

34,192

Subscription Rights to Shares

769

706

Non-Controlling Interests

15

21

Total Net Assets

240,850

274,649

Total Liabilities and Net Assets

416,742441,271

Liabilities
Current Liabilities:

Accrued bonuses to directors and corporate auditors

Non-Current Liabilities:

Net Assets
Shareholders' Equity
Common stock

Accumulated Other Comprehensive Income

Total Accumulated Other Comprehensive Income

7

HORIBA, Ltd. (Consolidated)(2) Consolidated Statements of Income and Consolidated Comprehensive Income Statements(Consolidated Statements of Income)Amount: Millions of yen
FY2022 Third Quarter(Nine Months Ended
September 30, 2022)

FY2023 Third Quarter(Nine Months Ended
September 30, 2023)

Net Sales

185,121200,679

Cost of Sales

106,113

113,875

Gross Income

79,00786,804

Selling, General and Administrative Expenses

50,43558,304

Operating Income

28,571

28,499Interest income

315

1,259

Dividend income

158

170

Foreign exchange gains

568-

Subsidy income

102

112

Other

330

334

1,475

1,878

457

527

-

683

Other

81

77

Total Non-Operating Expenses

539

1,288

29,50829,089Gain on sales of fixed assets

494

34

Gain on sales of investment securities

20-

Gain on sale of shares of subsidiaries

-

6,507

Gain on reversal of share acquisition rights

1

-

516

6,542

Loss on sales of fixed assets

0-Loss on disposal of fixed assets

106

44

Loss on sale of investment securities

00

Loss on valuation of investment securities-

21

Total Extraordinary Losses

106

65

Income before Income Taxes

29,91835,565

Income taxes (current)

10,295

9,816

Income taxes (deferred)(1,066)(1,226)

Total Income Taxes

9,228

8,590

Net Income

20,68926,975(12)

320,702

26,972

Non-Operating Income

Total Non-Operating Income
Non-Operating Expenses
Interest expenses
Foreign exchange losses

Ordinary Income
Extraordinary Gain

Total Extraordinary Gain
Extraordinary Losses

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 Third Quarter

FY2023 Third Quarter(Nine Months Ended
September 30, 2022)(Nine Months Ended
September 30, 2023)

20,68926,975Net unrealized holding gains or losses on securities(1,570)1,914

Foreign currency translation adjustments

16,411

15,537

Remeasurements of defined benefit plans

4

1

Share of other comprehensive income of entities accounted forusing equity method-

178

Total Other Comprehensive Income

14,845

17,632Comprehensive Income

35,53444,60835,54444,602(9)

6Net Income
Other 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 tothe group tax sharing system from the beginning of the first quarter of FY2023. Accordingly, the accounting
procedures and disclosure of corporate and local income taxes and tax effect accounting are accounted for anddisclosed 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
In the first quarter of FY2023, HORIBA MIRA Limited (U.K.) (hereinafter MIRA), a consolidated subsidiary of theCompany, 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
equity-method 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 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: 6,507 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 1,359 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 nine months ended September 30, 2023
Sales: 22 million yen
Operating loss: 26 million yen

11

HORIBA, Ltd. (Consolidated)3. Supplemental Information
HORIBA, Ltd. Financial Highlights for the Nine Months Ended September 30, 2023
1. Consolidated Financial Results

Amount : Millions of yen

12/2022
Results

12/2023
Results

Changes

12/2022
Results

12/2023
Forecasts

Changes

3Q (9 Months)

3Q (9 Months)

AmountRatio

Full year

Full year

AmountRatio

Net Sales

185,121200,679+15,558+8.4%

270,133

284,000+13,866+5.1%

Operating Income

28,571

28,499-72-0.3%

45,84343,000-2,843-6.2%

Operating Income Ratio

15.4%

14.2%

-1.2P

17.0%

15.1%

-1.9P

46,86043,000-3,860

17.3%

15.1%

-2.2P

34,07236,000+1,927

Ordinary Income

29,50829,089-419

Ordinary Income Ratio

15.9%

14.5%

-1.4P

Net Income Attributableto Owners of Parent

20,702

26,972+6,270Net Income Ratio

11.2%

13.4%

+2.2P

12.6%

12.7%

+0.1P

US$

128.30138.24+9.94

131.62141.00

+9.38

Euro

136.05149.77+13.72138.14151.00+12.86-1.4%+30.3%

2. Consolidated Segment Results
Net Sales

-8.2%

+5.7%

Amount : Millions of yen

12/2022
Results

12/2023
Results

3Q (9 Months)

3Q (9 Months)

AmountRatio

Changes

12/2022
Results

12/2023
Forecasts

Full year

Full year

ChangesAmount

Ratio

Automotive

41,32048,167+6,846+16.6%

67,52479,000+11,475+17.0%

Process&Environmental

15,425

17,257+1,832+11.9%

22,541

25,000+2,458+10.9%

Medical-Diagnostics

21,58823,408+1,819+8.4%

29,75331,000+1,246+4.2%

Semiconductor

81,41684,556+3,140+3.9%

114,075

110,000-4,075-3.6%

Scientific

25,37027,289+1,918+7.6%

36,23939,000+2,760

+7.6%

Total

185,121200,679+15,558+8.4%

270,133

284,000+13,866+5.1%

12/2022
Results

12/2023
Results

3Q (9 Months)

3Q (9 Months)

Amount-(667)

Operating Income

Changes
Ratio

Automotive(3,292)(2,737)+554

Process&Environmental

981

1,422

+440

+44.9%

Medical-Diagnostics

(21)

229

+251

Semiconductor

29,24828,822

12/2022
Results

12/2023
Forecasts

Full year

Full year

ChangesAmountRatio

500+1,167

-

2,101

2,500

+398

+19.0%

-

(99)

500

+599

-

-426

-1.5%

42,00536,500-5,505-13.1%

Scientific

1,655

762

-893

-53.9%

2,503

3,000

+496

+19.8%

Total

28,571

28,499-72-0.3%

45,84343,000-2,843-6.2%

12

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

Amount : Millions of yen

12/2022
Results

12/2023
Results

3Q (9 Months)

3Q (9 Months)

Amount41,32048,167+6,846

Japan

11,17010,365

Automotive

12/2022
Results

12/2023
Forecasts

Ratio

Full year

Full year+16.6%

67,52479,000

-805

-7.2%

16,555

16,500-55-0.3%+31.7%+41.6%+34.4%

Changes

ChangesAmountRatio+11,475+17.0%

Asia

8,093

10,658+2,564

14,33920,300+5,960Americas

4,142

5,701

+1,558+37.6%

8,110

10,900+2,789Europe17,914

21,442+3,528+19.7%

28,51831,300+2,781+9.8%

Process&Environmental

15,425

17,257+1,832+11.9%

22,541

25,000+2,458+10.9%

Japan

7,702

8,303

+601

+7.8%

10,861

11,800

+938

+8.6%

Asia

3,775

3,706

-68

-1.8%

5,585

6,000

+414

+7.4%

Americas

2,103

2,602

+498

+23.7%

3,002

3,000

-2

-0.1%

Europe

1,844

2,645

+801

+43.4%

3,092

4,200

+1,107+35.8%

21,58823,408+1,819+8.4%

29,75331,000+1,246

+4.2%

Japan

4,861

5,114

+253

+5.2%

6,363

6,700

+336

+5.3%

Medical-Diagnostics

Asia

5,109

5,499

+389

+7.6%

7,102

7,500

+397

+5.6%

Americas

4,670

5,240

+569

+12.2%

6,517

7,000

+482

+7.4%

Europe

6,946

7,554

+607

+8.7%

9,769

9,800

+30

+0.3%

Semiconductor

81,41684,556+3,140+3.9%

114,075

110,000-4,075

-3.6%

Japan

23,801

20,677-3,123-13.1%

32,46926,000-6,469-19.9%

Asia

42,68351,247+8,563+20.1%

59,50967,400+7,890+13.3%

Americas10,3406,807-3,533-34.2%

15,2699,400-5,869-38.4%

Europe

4,590

5,824

+1,234+26.9%

6,827

7,200

+372

+5.5%

25,37027,289+1,918+7.6%

36,23939,000+2,760

+7.6%

Japan

5,138

5,562

+423

+8.2%

7,117

8,000

+882

+12.4%

Asia

7,954

9,733

+1,778+22.4%

11,935

14,400+2,464+20.6%

Americas

7,808

7,259

-548

-7.0%

10,4609,200-1,260-12.0%

Europe

4,469

4,733

+264

+5.9%

6,725

7,400

+674

+10.0%

185,121200,679+15,558+8.4%

270,133

284,000+13,866

+5.1%

Japan

52,67450,023-2,650-5.0%

73,36769,000-4,367

-6.0%

Asia

67,61680,844+13,227+19.6%

98,472

115,600+17,127+17.4%

Americas29,06527,610-1,455-5.0%

43,36039,500-3,860-8.9%

Europe35,76442,201+6,436+18.0%

54,93359,900+4,966+9.0%

Scientific

Total

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

2Q Results

3Q Results

4Q Forecasts

55,51059,45470,156

8,605

7,654

12,31185,01265,854

17,271

10,45065,251

69,574

83,3207,387

10,66014,500

15.5%

12.9%

17.5%

20.3%

15.9%

11.3%

15.3%

17.4%

8,743
15.8%

8,041

12,723

13.5%

18.1%

17,351

10,320

7,803

10,964

13,910

20.4%

15.7%

12.0%

15.8%

16.7%

5,721

5,518

9,461

13,37013,556

5,449

7,966

9,027

10.3%

9.3%

13.5%

15.7%

20.6%

8.4%

11.4%

10.8%

6. Consolidated Segment Results (Quarterly Comparison)
Net Sales

Amount : Millions of yen

12/2022 Results

12/2023

1Q

2Q

3Q

4Q

1Q Results

2Q Results

3Q Results

4Q Forecasts

Automotive

13,67512,013

15,632

26,203

15,943

14,602

17,62130,832

Process&Environmental

4,788

5,403

5,233

7,116

5,404

5,931

5,921

7,742

Medical-Diagnostics

6,650

7,022

7,914

8,165

7,351

8,241

7,815

7,591

Semiconductor

22,22527,19531,99432,65928,98827,23728,33025,443

Scientific

8,169

7,819

9,380

10,868

8,166

9,238

9,884

11,710Total

55,51059,45470,15685,01265,85465,251

69,574

83,320

1Q

2Q

3Q

4Q

1Q Results

2Q Results

3Q Results

4Q Forecasts(1,895)(1,530)

2,624

330

(2,490)

(577)

3,237

Operating Income

12/2022 Results

12/2023

Automotive

133

Process&Environmental

453

184

343

1,119

529

387

505

1,077

Medical-Diagnostics

154

(316)

140

(77)

(43)

221

51

270

Semiconductor

7,180

9,600

12,46812,757

9,707

8,981

10,132

7,677

Scientific

683

82

890

848

(73)

286

549

2,237

Total

8,605

7,654

12,311

17,271

10,4507,387

10,66014,500

Contact
IR・ESG, Corporate Planning Office, Group Strategy Division, HORIBA, Ltd. E-mail: ir-info@horiba.com

14

HORIBA, Ltd. (Consolidated)