Financial Information
HORIBA, Ltd.
June, 2022
© 2022 HORIBA, Ltd. All rights reserved.

1

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

2

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

3

Review of 2021

External
Events◆ Increased momentum to de-carbonization and carbon neutral◆ Accelerated investment in vehicle electrification◆ Increased investment in semiconductor production equipment due
to increased demand for data transmission◆ Further heightened interest in life science

Internal
Events◆ Continued investment for growth mainly in China and Europe◆ Focused development of new technologies and aggressive launchof new products◆ Implemented M&A in the medical and energy fields◆ Business expansion in new markets related to hydrogen energy
and life-science© 2022 HORIBA, Ltd. All rights reserved.

4

2021 Results(Billions of Yen)

2021

2020
Results

Forecasts(as of Nov. 11)

Results

vsForecasts(as of Nov. 11)

vs
2020

220.0
28.5

224.3
32.0

+37.2

+4.3

Operating Profit

187.0
19.6

+12.3

+3.5

O.P.%

10.5%

13.0%

14.3%

＋3.8p

＋1.3p

Ordinary Profit

19.3

28.0

32.0

+12.6

+4.0

Net Income attributableto Owners of Parent

13.1

18.5

21.3

+8.1

+2.8

USD/JPY106.76121.88109.00130.00109.90129.91

+3.14

+0.90

+8.03

-0.09

Sales

EUR/JPY© 2022 HORIBA, Ltd. All rights reserved.

： Record-high52021 Results by Segment(Billions of Yen)

Sales
2021

2020

Results

Operating Profit

Forecasts(as of Nov. 11)

Auto
P&E

63.9

64.0

18.3

21.0

Medical

21.0

25.0

Semi
Scientific

56.9

81.0

26.8

29.0

Total

187.0

220.0

Results

61.2
20.2
25.8
87.0
29.9
224.3

2021

2020
vs
2020

vs
Forecasts

Results

Forecasts(as of Nov. 11)

Results(as of Nov. 11)

-2.6

-2.7

2.4

1.0

+1.8

-0.7

1.6

1.5

+4.8

+0.8

-0.4

0.5

+30.0

+6.0

14.0

24.0

+3.1

+0.9

1.9

1.5

+37.2

+4.3

19.6

28.5

-0.0
1.9
0.1
28.0
1.9
32.0

vs
2020

vs
Forecasts(as of Nov. 11)

-2.4

-1.0

+0.3

+0.4

+0.5

-0.3

+13.9

+4.0

-0.0

+0.4

+12.3

+3.5

： Record-high© 2022 HORIBA, Ltd. All rights reserved.

6

2021 Results (B/S, CF)

B/S◆Total assets were ¥371.5bn, up ¥43.5bn, by increasing in cash andaccounts receivables due to an increase in sales◆Equity ratio: 54.8%(compared to the end of Dec. 2020)

CF◆Operating CF: Cash in ¥35.2bn due tooperating profit◆Investing CF: Cash out ¥14.6bn due tocapital investments◆Financial CF: Cash out ¥4.0bn due topayment of dividends© 2022 HORIBA, Ltd. All rights reserved.

Free CF: + ¥20.6bn

7Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

8

2022 1Q (Jan-Mar) Results（Billions of yen）

Increased in sales and profits mainly due toan increase in sales of the Semiconductor segment
2022

2021
1Q Results(Jan-Mar)

1Q Results(Jan-Mar)

Changes

%

55.5
8.6

+6.9

+14.3%

Operating Profit

48.5
5.9

+2.6

+45.0%

O.P.%

12.2%

15.5%

＋3.3p

-

Ordinary Profit

5.8

8.7

+2.8

+48.6%Net Income attributableto Owners of Parent

3.9

5.7

+1.8

+46.7%

106.09127.81116.34130.40+10.25Sales

USD/JPY
EUR/JPY© 2022 HORIBA, Ltd. All rights reserved.

+2.59： Record-high92022 1Q (Jan-Mar) Results by Segment
Sales
2021

1Q
Results(Jan-Mar)

Auto
P&E
Medical

12.1

Semi

18.4

Scientific

6.4

Total

48.5

＜Auto＞＜P&E＞＜Medical＞＜Semi＞＜Scientific＞

5.2
6.3

2022

1Q Results(Jan-Mar)

13.6
4.7
6.6
22.2
8.1
55.5

（Billions of yen）

Operating Profit
vs 2021

Changes

2021%

1Q
Results(Jan-Mar)+1.5+12.5%

-0.4

-0.4

-8.3%

0.6

+0.3

+5.5%

0.1

+3.7

+20.5%

5.2+1.7+26.4%

0.2+6.9+14.3%

5.9

2022

1Q Results(Jan-Mar)

0.1
0.4
0.1
7.1
0.6
8.6

vs 2021
Changes

%

+0.5

-

-0.2

-35.1%

-0.0

-5.8%

+1.9

+36.6%+0.4 +185.4%+2.6+45.0%： Record-highIncreased in sales of the ECT* business in Europe
Decreased in sales due to record in a large project in Asia in the first three months of the previous year
Increased in sales of hematology analyzers, clinical chemistry analyzers and reagents in the Asia
Sales to semiconductor production equipment manufacturers increased, in response to expansion ofsemiconductor manufacturers’ capital expenditures
Increased in sales of Raman spectrometers and optical components© 2022 HORIBA, Ltd. All rights reserved.

ECT * ：Engineering Consultancy & Testing 10

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

11

2022 Forecasts（Billions of yen）

Revised forecasts of sales and all profits upwardly

Results

Changes2022

2021
Previous
Forecasts(as of Feb. 14)

Forecasts(as of May 13)

vs 2021

vs Previous
Forecasts

250.0
35.0

260.0
38.0

+35.6

+10.0

Operating Profit

224.3
32.0

+5.9

+3.0

O.P.%

14.3%

14.0%

14.6%

+0.3p

+0.6p

Ordinary Profit

32.0

34.5

37.5

+5.4

+3.0

Net income attributableto Owners or Parent

21.3

23.0

25.5

+4.1

+2.5

USD/JPY

109.90129.91115.00130.00124.00133.00+14.10

+9.00

+3.09

+3.00

Sales

EUR/JPY© 2022 HORIBA, Ltd. All rights reserved.

： Record-high122022 Forecasts by Segments（Billions of yen）

Sales
Previous
Results

Changes

2022

2021

Forecasts(as of Feb 14)

Auto

61.2

68.0

P&E

20.2

23.5

Medical

25.8

28.5

Semi

87.0

96.0

Scientific

29.9

34.0

Total

224.3

250.0

Operating Profit

Forecasts(as of May 13)

70.0
23.5
28.5
103.0
35.0
260.0

Previousvs 2021

vs Previous
Forecasts

Changes

2022

2021

Results

Forecasts(as of Feb 14)

+8.7

+2.0

-0.0

1.5

+3.2

-

1.9

2.0

+2.6

-

0.1

0.5

+15.9

+7.0

28.0

29.0

+5.0

+1.0

1.9

2.0

+35.6

+10.0

32.0

35.0

Forecasts(as of May 13)

1.5
2.0
0.5
31.5
2.5
38.0

vs 2021

vs Previous
Forecasts

+1.5

-

+0.0

-

+0.3

-

+3.4

+2.5

+0.5

+0.5

+5.9

+3.0

➢ Revised upward sales of the Automotive segment, after taking into account the recent foreignexchange rate trend.
➢ Forecasts for sales and operating profit of the Semiconductor segment and the Scientific segment
were also revised upwardly.
© 2022 HORIBA, Ltd. All rights reserved.

： Record-high13

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

14

HORIBA’s Contribution to Social Issues
Cross-segmentation in Response to Various Social Issues

Market Oriented BusinessTo develop analysis and measurement solutions, utilizing HORIBA’s core technologies,
in the leading three business fields of the mega trend

Energy & Environment
Automotive

Bio & Healthcare

Materials & Semiconductor

Medical-Diagnostic

Semiconductor

Environmental
Process
Scientific

Solution Provider Beyond “Life Cycle Management”
To support customers’ core businesses from all aspects – from product introduction to replacement
Mid-Long Term Management Plan ”MLMAP2023”© 2022 HORIBA, Ltd. All rights reserved.

15

Organizational Restructuring to Deepen Cross-Segments
Our objective: Further growth by creating new businesses

Established the Business Incubation Division
Operations at five centers

Alternative Energy Conversion Center

Mobility Solution Business Center

Bio・Life Science Center

Optical Smart Sensing（OSS）

R&D Planning Center

Technology Innovation Center(Belongs to HORIBA STEC)✓Personnel assigned to cross-segment activities became dedicated full-time.
✓Propose solutions that integrate core technologies to the three focused fields in the
MLMAP2023.

Corporate Officer (CTO)
General Manager ofBusiness Incubation Division
Hiroshi Nakamura(Doctor of Engineering)

Simultaneously restructure the organization and work process,and accelerate product launches© 2022 HORIBA, Ltd. All rights reserved.

16

Concept for reorganization of automotive business
Service
Lifecycle
Management

Dawn Market

Market growth

Matured Market
Response to electrified vehicle(Drive systems etc.)

Emission measurement*1 Vehicle Resilience:
Solutions that eliminate threats associated with advanced vehicle*2 Advanced Driver-Assistance Systems

VRES*1/Cyber security

Mobility
Solution
Business
Alternative
EnergyConversion© 2022 HORIBA, Ltd. All rights reserved.

Autonomous vehicle/ADAS*2
Data science

Model-base development
Fuel cells/batteries
New energy(Hydrogen/alternative energy)
17Service Lifecycle Management（1/2）
Expanding service coverage to include the function of customers’ facility management
Current

Products

Services

Services• Functions• Performance• Specifications • Stable operationof equipment• Facility management• Improvement in lab
utilization rate and test
efficiency

Products

Future【Equipment maintenance】
Services that contribute to thestable operation of equipment【Facility maintenance】
High-level utilization of theentire facility and affordable
maintenance costs【Total facility planning】
Enhanced test efficiency andoptimal capital investment

Transformation from equipment sales to facility management businessstarting from an installation base© 2022 HORIBA, Ltd. All rights reserved.

18

Service Lifecycle Management（2/2）
Business model transformation starting from 8,000 installed sites
Providing high-quality
services to make themost of existing facilities

Vehicle electrification✓ New vehicle demand during
the transition period✓ EURO7 and other new regulations【Issues at customers’ sites】【顧客現場課題】
Reduced
設備投資予算削減
capitalinvestment budget

2001-2021
Shipped about 8,000 units of MEXA
emission measurement systems(currently in operation)
HORIBA’s installed sites【Social needs】

HORIBA Techno Service
handles the service business✓ 老朽設備が更新困難✓ Difficulty
to renew aging equipment✓✓ メンテナンス回数減少
Reduced frequency ofmaintenanceThoroughly support the transformation of the automotive industry© 2022 HORIBA, Ltd. All rights reserved.

19

Mobility Solution Business（1/2）
Strengthening the supply of solutions for the mobility business
Mobility Solution Business: Focus areas
Date science✓ Providing applications
that support
customers’ modelbased development✓ From data
management
platform building todata utilization

VRES*/
Cyber security✓ Developing efficient
vehicle evaluation
solutions for cybersecurity andfunctional safety

Autonomous driving/
ADAS✓ Business developmentwith an eye on potential
regulation of vehicle
evaluation solutions forautonomous driving/
ADAS functions

Solution development

New technology
fieldsEnhancement oftechnologies

Tighter regulations

New business

Model-based
development

Approach to the target markets© 2022 HORIBA, Ltd. All rights reserved.

* Vehicle Resilience: Solutions that eliminate threats associated with advanced vehicles

20

Mobility Solution Business（2/2）
Supporting R&D for vehicles in the new fields
HORIBA MIRA to expand global activities
Autonomous driving/ADAS✓ Comprehensive support for vehicle control performance andsafety evaluation tests for practical use of autonomous driving
technology➢ Constructed a high-speed marginal behavior evaluation
course, which is equipped with a controllable communication
network (1km in straight line and 300m in diameter) in
December 2021.
➢ Enable digital simulation and feasibility tests seamlessly(digital-twin).

✓ Developing a comprehensive approach in fields including
automotive cyber security and functional safety➢ The development project commissioned by Turkish automotive
manufacturer TOGG covers the VRES area.
VRES/Cyber security© 2022 HORIBA, Ltd. All rights reserved.

21

Alternative Energy Conversion（1/3）
Promoting new application development by utilizing existing business network
Generation

Energy conversion

Utilization<Business Incubation>

Existing
business area

Existing
business area

Alternative Energy
Conversion

Process &Environmental

AutomotiveCoretechnologies
Sales
network

Energy related business(electricity, gas, oil)
© 2022 HORIBA, Ltd. All rights reserved.

Concentrate resources ondeveloping applications for
new energy industries
such as hydrogen

Sales
network

Automotive industry
Heavy industry
22

Alternative Energy Conversion（2/3）
Contributing to carbon neutral strategy in France✓ In July 2021, Atsushi
Horiba, Chairman
and Group CEO, metwith President
Emmanuel Macron ofFrance .

✓ “Introduce multiple small nuclear
reactors and aim for mass
production of clean hydrogenusing the electric power.”(President Macron's speech in
October 2021)© 2022 HORIBA, Ltd. All rights reserved.

✓ Delivered theelectrolyzer test
system to GENVIA.

Support to build
a hydrogenenergy society✓ President Macron visited GENVIA’sfactory in November 2021 andannounced an additional investment of€1.9 billion.
➢ Of this amount, €200 million will be
used for R&D investment by GENVIA.

✓ A hydrogen technology
venture company in France✓ Clean hydrogen production,energy storage, fuelapplication development

GENVIA
23

Alternative Energy Conversion（3/3）
Various measures for expanding new energy business
HORIBA Fuelcon: Construction of a new factory
Architectural rendering (construction to be completed in 2022)✓ Construction of a new factory with the aim to establish a
production system with high ability to respond to demand✓ An increase in production capacity will enable timely response
in demand, including shipment to GENVIA, France.
✓ Participated in "H2Giga", a large-scale research and feasibility
project on hydrogen technology.
【H2Giga project】✓ Germany's national project aimed at mass production and pricereduction of hydrogen electrolyzers© 2022 HORIBA, Ltd. All rights reserved.

HORIBA MIRA: Partnering with Octopus Hydrogen✓ Installed a hydrogen/EV charging
station of Octopus Hydrogen at
HORIBA MIRA for the purpose ofvehicle development.
✓ Produce hydrogen energy fromsolar power.

HORIBA Institute for Mobility & Connectivity2✓ A research institute for realization of
power and mobility connectivity
established at the University ofCalifornia, Irvine✓ HORIBA agreed to financial support
in 2018 in anticipation of the comingof a sustainable-energy society.
24Bio-life Science（1/2）
Providing a wide range of analytical and measurement solutions for R&D and manufacturing

Bio-life science
Research
institutes
Strengthen
HORIBA’s area ofexpertise
Analysis andmeasurement in
cutting-edge research

Grow in new areas

Corporate
R&D
Industrial process

Product processevaluation andmanufacturing
process monitoring

Concentrate human resources and technologies at the Bio-life Science Center and enhancecoordination of activities in Europe, the US and Japan in order to respond globally© 2022 HORIBA, Ltd. All rights reserved.

25

Bio-life Science（2/2）
Business expansion in the pharmaceutical industry
Propose customized technologies and contribute to the realization of high-quality continuous production
Analysis of cell /biological samples

Analysis of small
module medicines(formulation)

Quality inspection
for vaccine✓ Analyze exosomes,
which are expected
to be applied tobiomarkers✓ Fast analysis of
medical ingredientsin tablets✓ Efficient testing ofvaccines used in the
research process

Transmission raman
spectrometer

Chromophoric Dissolved
Organic Matter (CDOM)
fluorescence analyzer,
Aqualog

ViewsizerTM
3000

Exploratory
research© 2022 HORIBA, Ltd. All rights reserved.

Developmentof new drugs

Analysis of antibody medicines✓ Reactor
monitoring in the
manufacturing
process

Analytical probe&
Microscopic raman

Pharmaceuticalmanufacturing process
26

Optical Smart Sensing (OSS)（1/2）
Develop the sensing technology for semiconductor manufacturing market
Mass flow
controller

ChemicalConcentration
monitorOptical Smart Sensing
From R&D to quality control

In-line process monitoring

Process gas
monitorGas monitor
End-point
monitorEstablished the business for thesemiconductor market

Measurement equipment used in a wide range ofapplications

X-ray fluorescence analyzers

Spectroscopic
ellipsometry

Intend to develop as a new business for thesemiconductor market

Diversify applications for the semiconductor market
by utilizing various sensing technologies owned by the HORIBA Group globally© 2022 HORIBA, Ltd. All rights reserved.

27

Optical Smart Sensing (OSS)（2/2）
Deploying solutions that meet customer needs, based on core technologies
Contribute to improving productivity in semiconductor manufacturing processes
Reticle/Mask Particle Detection system PD Xpadion✓ Fast measurement of particles
on reticles* and blanks used in
the lithography process*Surface of pattern/glass/pellicle• Fast measurement of micro-sizedparticles.
• Improve detection efficiency byusing in combination with defectinspection equipment.

From legacy to cutting-edge processes such as EUV,
the system allows efficient inspection of particles© 2022 HORIBA, Ltd. All rights reserved.

Plasma Emission Monitor EV 2.0✓ Monitor the state of plasma in thesemiconductor manufacturing
process.
✓ Automatically extract wavelength,
which is required to find the endpointof etching.

Spectroscopic Ellipsometer UVISEL Plus
✓ Analyze characteristics of thin films,
surfaces and interfaces.
• Enable evaluation of ultra-thin films
SiO2 (approx. 9.7nm).
✓ Measure changes in film thickness inreal time by mounting UVISEL Plus in
the chamber.
28

Launched Social Cooperation Program with University of Tokyo
Conducted a joint study, aimed at establishing an "energy management system"
HORIBA BIWAKO E-HARBOR
in Shiga Prefecture, Japan【From left】
Dr. Takao Someya, Professor, School of Engineering, the University of Tokyo
Atsushi Horiba, Chairman & Group CEO, HORIBA Ltd.

✓ Launched the "Environmentally harmonious energy system social
Cooperation program".
• Combine the prediction technology (AI) of the University of Tokyo and themeasurement and analysis technologies of HORIBA to realize visualization ofenergy consumption at R&D sites.

Utilizing the automotive
development test facility
E-LAB in HORIBA BIWAKO
E-HARBOR as a place fordemonstration experiment• Aim for practical implementation of the system in R&D facilities of all industries.
© 2022 HORIBA, Ltd. All rights reserved.

29

Awarded Semi-Nadeshiko Brands and Health & Productivity
Stock Selection Program by METI and Tokyo Stock Exchange
Activities aimed at realizing a better working environment
highly evaluated from the stock market✓ Evaluated the engagement based on our
Diversity promotion activities “HORIBA
Stained Glass Project”© 2022 HORIBA, Ltd. All rights reserved.

✓ Evaluated our activities based on the “Healthpromotion activities of mind and body”, thepolicy declared by the top management✓ Selected for six consecutive years following
201730

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

31

Shareholder Return➢ Dividend payment + Share buyback = 30% of Consolidated net profit to be targeted➢ Remaining earnings are retained internally for strategic investment (i.e. facilities, M&A)

Basic Policy

Dividends per share and Share buybacks⚫ 2020 Results: 90YEN [Interim 30yen / Year-end 60yen]⚫ 2021 Results: 150YEN [Interim 50yen / Year-end 100yen]⚫ 2022 Forecast: 180YEN [Interim 60yen / Year-end 120yen]
Per-share dividend
Ordinary Div. (yen)

200
160
120

28.2%

26.8%

Total Return Ratio (%)

60.0%

145

Share Buyback

20

30.6%

30.0%

45.0%
35.4%
28.8%

27.4%

60

67

70

2013

2014

2015

29.7%

29.8%
180

27.6%

80
40

Commemorative Div. (yen)

116

125

2017

2018

150

130

15.0%

90

85

30.0%

0

0.0%

© 2022 HORIBA, Ltd. All rights reserved.

2016

2019

2020

2021

2022F

32

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

33

Operating Profit Analysis (vs 2021 Jan - Mar)

（Billions of yen）

2021

2022

Jan. – Mar.

Jan. – Mar.

5.93

Increase
Sales

+4.63

Increase
Cost of Goods
Sales

-2.40

Increase
Gross Profit ＋2.23

Exchange
Impact for
Gross Profit

Exchange
Impact for
Expenses

+1.49

-0.47

Increase
R&D Cost

Exchange
Impact ＋1.02

Increase Operating Profit ＋2.66© 2022 HORIBA, Ltd. All rights reserved.

-0.10

Increase
Expenses

Increase
Other
Expense

-0.47

-0.58

8.60

Impact of Fluctuation in Foreign exchange
Exchange rate impact for 2022 Jan. - Mar.
(vs 2021 Jan. - Mar.)
Increase Sales

Exchange rate impact for 2022 Forecast
1 yen impact of Sales and O.P.
(Yen depreciation)+2.29

Increase Cost of Goods Sales-0.80

Impact to Gross Profit+1.49

Increase Expenses-0.47

Impact to Operating Profit

+1.02

USD
EUR

(Yen)

2021

2022

Jan - MarJan - Mar

Diff.

(Yen)

USD
EUR

106.09116.34+10.25127.81130.40

+2.59

USD
EUR

© 2022 HORIBA, Ltd. All rights reserved.

（Billions of yen）

Sales

Operating
Profit

+0.71
+0.36

+0.37
+0.01

2022
Forecasts
124.00133.00Capital Investment, Depreciation, R&D
2022

2021

Actual（Billions of yen）

Previous
Forecasts(as of Feb 14)

Forecasts(as of May 13)

2022
vsPrevious
Forecasts

ActualJan - Mar

Capex

12.4

15.0

15.0

-

1.8

Depreciation andamortization

10.4

11.0

11.0

-

2.6

R&D expenses

16.7

19.0

19.0

-

4.0

7.4%

7.6%

7.3%

-0.3p

7.4%

to net sales(%)

2022
Topics

PP&E:
Continuation : a new facility in China, investment to HORIBA FuelCon’s new facility, etc.
New : enhance the base of global production© 2022 HORIBA, Ltd. All rights reserved.

36

Contents◼ 2021 Results◼ 2022 1Q (Jan.- Mar.) Results◼ 2022 Forecast◼ Topics – HORIBA’s Contribution for Social Issues◼ Shareholder Return➢ Financial Data
➢ Corporate Profile© 2022 HORIBA, Ltd. All rights reserved.

37

Five Business Segments & Major Products
Figures are the sales composition ratio for FY 2020​

Automotive（34%）

Emission Measurement
Systems

Process &Environmental（10%）

Stack Gas Analyzers© 2022 HORIBA, Ltd. All rights reserved.

Medical

Semiconductor

Scientific

（11%）

（31%）

（14%）

Automatic Blood Cell
Counters plus CRP

Mass Flow Controllers

Raman Imaging Device

Global Network
Sales by region●(as of Dec 2020): Major business hubs

Americas

Europe

Asia

Japan

15%

21%

33%

31%

Asia

Japan

18%

38%

Employee headcount by region

Americas(as of Dec 2020)

Europe11%

33%

Number of companies（as of Dec 31, 2020)© 2022 HORIBA, Ltd. All rights reserved.

49

Overseas sales ratio（as of Dec 2020)

69%

Foreign employee ratio（as of Dec 31, 2020)

62%

Achieving Sustainable Growth Through M&A
Major M&As
1996
ABX （France）【Medical】

1997
Jobin Yvon

2005
SCHENCK DTS【Scientific】【Automotive】（France）（Germany）

2015
MIRA （UK）【Automotive】

2018
FuelCon（Germany）【Automotive】

187.0 billion yen

Trends in consolidated sales

Six-fold growth in corporate scale in 30 years

1990

2000
© 2022 HORIBA, Ltd. All rights reserved.

2010

2020

HORIBA’s Business Domain
Space
Development
Agriculture
Plant factory
Soil analysis
Food safety
Safety management

New Material
Development
Secondary battery
Biomaterial
Steel and ceramics

Planetary probe
Auroral analysis

IT Infrastructure

Health and Security

IoT, Cloud, 5G
Automation informatics

Diagnostic equipment
New drug development
Drinking water

Manufacturing Process
Semiconductor device
Solar panels
Petrochemical plant

Water Quality
Management

Global Environment
Conservation

Monitoring system
Compliance with
waste water regulations

Monitoring air pollution
Renewable energy/power plant
Greenhouse gases© 2022 HORIBA, Ltd. All rights reserved.

Automotive/Ship Development
Ultra-low emission
Vehicle electrification, EV
Autonomous driving
Regulatory compliance© 2022 HORIBA, Ltd. All rights reserved.

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