HORIBA, Ltd.
HORIBA website

HORIBA
ReportWebsitewww.horiba.com

Our Future
Special Site

(Integrated report)

HORIBA Group social media accounts
YouTubeLinkedIn

Joy and Fun for All

Group companies in JapanHORIBA STEC, Co., Ltd.

HORIBA Advanced Techno, Co., Ltd.

HORIBA TECHNO SERVICE, Co., Ltd.

11-5 Hokotate-cho, Kamitoba, Minami-ku,
Kyoto, 601-8116, Japan

2 Miyanohigashi-cho, Kisshoin, Minami-ku,
Kyoto, 601-8551, Japan

2 Miyanohigashi-cho, Kisshoin, Minami-ku,
Kyoto, 601-8305, Japan

https://www.horiba.com/int/semiconductor/

https://www.horiba.com/int/water-liquid/

https://www.horiba.com/int/
service/HRE-2024A

printed in Japan 2405SM23

Corporate Profile 2024
HORIBA, Ltd.

Sharing the joy of understanding through meas urement and analysis.
Since the foundation, the HORIBA Group (hereinafter, HORIBA) have been committed to contributing to social progress and the realization ofa sustainable future for all through the development of technologies.
Measurement and analysis are fundamental to the advancement of science and technology. Our mission is to explore cutting-edge
measurement and analysis solutions that lead to significant discoveries and enable breakthroughs for the realization of a sustainable society.
Let HORIBA be your trusted partner throughout this journey.

Infraredmeasurement

Analysis ofcomponents in gases
in real time

HORIBA’s Three Fields
Energy & Environment

Samplehandling

Elemental
analyzers
Emissionmeasurement
systems

Focus field• Exhaust gas certification processes• Next-generation vehicle development

Technology for handlingsamples subject to analysis
and measurement• Fuel cell evaluation• Water electrolysis system evaluation• Water quality monitoring

Stack gasanalyzers

Fluid control

Instant and accurate
measurement and control
of fluid flow rates• Air quality monitoring• Process measurement

Constant volumesamplers• Process monitoring

Mass flow controllers

Bio & Healthcare

Air pollution
analyzers

Particlemeasurement

Spectroscopic
analysis

Measurementof particles(diameter,number,weight, andcomponents)

HORIBA’s
Core
Technologies“HONMAMON*”
Nano particle
characterization
analyzers

Spectroscopic
ellipsometers

Materials analysis, using
ultraviolet light, visible light,
and near-infrared light

LiquidanalysisAutomatichematology
analyzers

Chemicalconcentration
monitors

Water quality
analysis andexamination systems

Raman
spectrometers

Blood glucose
analyzers

Datascience
Digitalization technology foranalyzing the results ofanalysis and measurement

01Solutions• Hematology testing• Blood glucose testing• Immunoassay• Clinical chemistry testing• Hemostasis testing• Pharmaceutical development,
manufacturing, and quality control• Food and beverage development,manufacturing, and quality control• Cosmetics and skin care productdevelopment, manufacturing, and quality
control

Materials & Semiconductor
Fluorescence andabsorbance
spectrometers

Measurement ofliquid components
and parameters ofliquids, such as pH,sodium, acids, alkalis,and glucose

Focus field

Creating original solutions byorganically combining
our core technologies andcustomer needs.

Focus field• Semiconductor manufacturing
process control monitoring• Facility management and control• Advanced materials research anddevelopment• Advanced recycling of materials• Semiconductor-related materials
research, development, and quality
control*“HONMAMON”, derived from the Japanese word “Honmono” (authentic),means the eternal pursuit of creating something from the heart that is one-of-a-kind.

Corporate Profile02

HORIBA’s History and Corporate Culture
Corporate motto

Our Future (Vision, Mission, Values)“Omoshiro Okashiku”–Joy and Fun

Venture spirit

HORIBA, which celebrated its 70th anniversary in 2023, established a Group-wide
concept “Our Future (Vision, Mission, Values)” in 2024. We did so through discussions
held with HORIBARIANs worldwide, looking 30 years ahead to our 100th anniversary to
ask what kind of company we want to become, what kind of HORIBARIANs we strive tobe, and what kind of contributions we can make to society. Under our corporate mottoof “Joy and Fun” and through our “HONMAMON” technologies and the power of teams
rich in diversity, we aim to achieve sustainable growth as a company essential tocustomers and society.

Our corporate motto incorporates our forward-looking wish that, byalways engaging in work with motivation, employees themselves
will bring joy and fun to everyday work at the company where they
will spend the best days of their healthy, fruitful lives. “OmoshiroOkashiku,” which we translate in English as “Joy and Fun,” istreasured by HORIBARIANs* worldwide.

Unique global management

HORIBA’s journey started in 1945 with the establishment of the HORIBA RadioLaboratory by Dr. Masao Horiba. Despite the scarcities in postwar Japan, ourpredecessors developed original technologies through creativity and ingenuity.
This spirit of challenge has been passed down to all employees throughout thedecades. It is this spirit that has enabled us to create innovative technologies,
products, and services to address real-life challenges and allowed us to becomea leading global provider of advanced measurement technologies. At the very
heart of HORIBA’s success is the sense of ownership and the venture spirit whichis shared by all HORIBARIANs, whofearlessly take on challenges andconstantly strive to deliver innovation.
That spirit is also reflected in ourmerit-based (not demerit-based)
performance evaluations.
The birth of the MEXA, the global brand ofmotor exhaust gas analyzer

The BlackJack Project

HORIBA pioneered the firstglass electrode pH meter
manufactured in Japan

1996

1997

2005

2015

2018

2019

2019

2021

2021

2023

2023

ABX S.A. France(now HORIBA ABX SAS)

Jobin Yvon S.A. France(now HORIBA France SAS)

Mechatronics business ofCarl Schenck AG,Germany

MIRA Ltd., UK(now HORIBA MIRA Ltd.)

FuelCon AG, Germany(now HORIBA FuelConGmbH)TOCADERO Analytics AG,
Germany(now HORIBA TocaderoGmbH)

MANTA Instruments, Inc.,
USA(Merged into HORIBA
Instruments Inc.)

MedTest Holdings, Inc.,
USA(Merged into HORIBA
Instruments Inc.)

BeXema GmbH,Germany(now BeXema GmbH)

Tethys Instruments SAS,France(now HORIBA Advanced
Techno France SAS)

Process Instruments, Inc.,
USA(Merged into HORIBA
Instruments Inc.)HORIBA, Ltd.
established

Joint venture company
established in the US, marking
the start of overseas expansion

Standard Technology Inc. established(now HORIBA STEC, Co., Ltd.)

1953

1970
1st President (Founder)03

70th AnniversaryCommemoration

COS Co., Ltd. established(now HORIBA Advanced
Techno Co., Ltd.)“Joy and Fun”

1950

People from diverse backgrounds
are working collaboratively

History of business acquisitions

From its origin as a small factory in Kyoto, HORIBA has earnestly
tackled and explored analysis and measurement technologies that
contribute to the advancement of science and technology, along withthe development of unique products and solutions. It is the gatheringof our colleagues from around the world who identify with ourcorporate motto of “Joy and Fun” and the spirit of our founding thathas seen HORIBA, allowing us to grow into a global company whereHORIBARIANs shine in great diversity. Our “HONMAMON” analysis
and measurement technologies, cultivated since the company’s
founding in pursuit of one-of-a-kind excellence, support technologicaldevelopment and manufacturing sites across a wide-ranging fields,
contributing to the safety and security of people’s lives and theprotection of global environment. As we head into the next era, wekeep our commitment to refining our unique technologies.

1945

What sustains HORIBA, a company that makes the diversity of global businessesand markets a strength, are the individual employees in our workplaces. As thetransformation of society accelerates, we believe that passing down a corporate
culture in which people transcend gender, age, nationality, disability status, andother factors to demonstrate their diverse individualities and talents will lead tonew value creation and the enhancement of HORIBA’s strengths. Organicallyconnecting management, employees on site, and human resources
organizations, we engage in activities including workshops for considering work
styles and careers, awareness reform
through exchanges with other companies,
and the introduction of programs toenhance flexibility in the hours andlocations of work.

BlackJack Award World Cup 2023

The history of HORIBAHORIBA RadioLaboratory
established

Global management
meetings held twice a year
bringing together executivesof all group companies

Creating a diverse work environment

Innovation is in our DNA and an integral part of the way we operate. The BlackJackProject, which HORIBA launched in 1997 and extended to overseas Group
companies in 2006, is a powerful mechanism that encourages employees to bring
their ideas forward and provides them with the essential tools to implement them.
At the BlackJack Award World Cup held every December at our headquarters in
Kyoto, Japan, selected representatives from sites around the world gather topresent their business improvement ideas to senior management. Themes of eachproject span the enhancement of operational efficiency, reduction of costs,
development of human resources,strengthening of organizational capabilities,and more. The BlackJack Project is acornerstone of HORIBA’s corporate culture
in which employees are at the forefront ofdriving organizational change.

*At HORIBA, we call our employees “HORIBARIANs” and consider them as the mostprecious asset of our business.

One of our key strengths at HORIBA is our robust global network in 29 countries
and regions around the world, which is supported by our people. We haveachieved this by actively creating an environment based on the “Joy and Fun” spirit
to enable our employees to unleash their full potential and become the driving force
behind the company’s success. We also drive organizational development throughour global operations by building relations with our partners and various
stakeholders that are based on trust and engagement, while respecting localcultures. As a result of this two-fold approach, we have succeeded in enhancing
our sense of unity as agroup and creating
powerful synergies thathave propelled us forward.

1974

Masao Horiba

1975

HORIBA Techno Service Co., Ltd.
establishedbecame the company motto

1978

1992

2nd Presi-Formulation of theHORIBA’s OurFuture(Vision, Mission,Values) concept

Business expansion through M&Adent

Masahiro Oura

2000
3rd President

2018

Atsushi Horiba(serving as Chairman & Group CEO since 2018)2023
4th President

2024

Masayuki Adachi
Corporate Profile04

Our Worldwide Network (as of December 31, 2023)
Main development and production sites
We began our full-scale overseas expansion in 1970 with the establishment of a joint venture in theUS. Since then, we have expanded our network through mergers and acquisitions to incorporate
many R&D and production sites in Asia, the Americas, and Europe. Currently, the group consistsof 50 companies (including 4 in Japan), with overseas companies accounting for over 70% of total
sales and 64% of employees outside Japan.

JapanHORIBA, Ltd., Biwako Factory
HORIBA BIWAKO E-HARBORHORIBA TECHNO SERVICE, Co., Ltd. HORIBA STEC, Co., Ltd.
HORIBA Advanced Techno Co., Ltd. Kyoto Fukuchiyama TechnologyCenterHORIBA STEC, Co., Ltd.
HORIBA, Ltd., HORIBA Advanced
Technology Center

HORIBA STEC, Co., Ltd., Aso Plant

HORIBA, Ltd., HORIBA Group Head Office

50 group companies in
29 countries andEurope
UKAmericas
USA

regions worldwide

HORIBA New Jersey
Optical Spectroscopy Center

HORIBA MIRA Limited, ASSURED CAVFrance

HORIBA Instruments Inc.
HORIBA ABX SASIndia

Germany

China

BrazilHORIBA Instruments (Shanghai) Co., Ltd.,HORIBA C-CUBEHORIBA Instruments Brasil, Ltda.

Asia
HORIBA France SAS
HORIBA Europe Research Center

HORIBA FuelCon GmbH,HORIBA eHUB

Corporate information (as of December 31, 2023)

HORIBA India Private Limited,Technical Center

HORIBA India Private Limited,
Nagpur Factory

Sales

Head Office

Japan sales

2 Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto,
601-8510, Japan

2023 results

Japan sales

Net sales

Overseas sales

290.5 billion yen

Overseas sales
Operating profit

Representative

Atsushi Horiba Chairman & Group CEO

Operating profit

70.1 billion yen
220.4 billion yen
47.2 billion yen

Founded

October 17, 1945

Americas

IncorporatedJanuary 26, 1953
290.5 billion yen (Consolidated)*
Paid-in capital

12,011 million yen (Consolidated)

Europe22%

Number of employees*Year ended December 31, 2023

05

24%

Americas20012005

2010

2015

2020

2023

36%

Ratio ofemployees
by region

290.5
billion yen

Japan

12%

Sales ratio
by region(destination)

Net sales

8,665 (Consolidated)

Japan

14%

8,665
Asia

40%

Europe32%

employees

Asia

20%

(as of December 31, 2023)
Corporate Profile

06