Horiba, Ltd. · TSE:6856
Horiba — Q1 2025 Earnings Presentation
15 slides from Horiba's earnings presentation, May 26, 2025
Slide 1: Financial Information
Financial Information HORIBA, Ltd. May, 2025
Slide 2: Contents
Contents ◼ 2025 1Q (Jan.-Mar.) Results ◼ 2025 Forecasts ◼ Operating Profit Analysis ◼ Exchange rate impact ◼ CAPEX, Depreciation, R&D Expenses ◼ Dividend Forecasts ◼ Topics 2
Slide 3: 2025 1Q (Jan.-Mar.) Results
2025 1Q (Jan.-Mar.) Results （Billions of yen） Sales, operating profit and ordinary profit were record-high and net income increased compared to 2024 Q1, driven by Materials & Semiconductor Field 2024 2025 Changes 1Q Results 1Q Results vs 2024 % (Jan.-Mar.) (Jan.-Mar.) Sales 70.2 71.8 +1.6 +2.3% Oper
Slide 4: 2025 1Q (Jan.-Mar.) Results by Fields
2025 1Q (Jan.-Mar.) Results by Fields （Billions of yen） Sales Operating profit 2024 2025 vs 2024 2024 2025 vs 2024 1Q Results 1Q Results 1Q Results 1Q Results Changes % Changes % (Jan.-Mar.) (Jan.-Mar.) (Jan.-Mar.) (Jan.-Mar.) E&E 26.8 25.8 -0.9 -3.7% 0.8 0.7 -0.0 -6.0% B&H 9.2 8.8 -0.4 -4.5% -0.4 -
Slide 5: 2025 Forecasts
2025 Forecasts （Billions of yen） Revised the assumption of exchange rate and the earnings forecasts The impact of tariff policies haven’t been included in the forecasts 2024 2025 Changes Previous Forecasts vs Previous Results Forecasts vs 2024 (as of May 15) Forecasts (as of Feb. 13) Sales 317.3 340
Slide 6: 2025 Forecasts by Fields
2025 Forecasts by Fields （Billions of yen） Sales Operating profit 2024 2025 Changes 2024 2025 Changes Previous Previous Forecasts vs Previous Forecasts vs Previous Results Forecasts vs 2024 Results Forecasts vs 2024 (as of May 15) Forecasts (as of May 15) Forecasts (as of Feb. 13) (as of Feb. 13) E&
Slide 7: Operating Profit Analysis (vs 2024 Jan. – Mar.)
Operating Profit Analysis (vs 2024 Jan. – Mar.)（Billions of yen） 2024 2025 Jan. – Mar. Jan. – Mar. Exchange Exchange Increase Increase Increase Decrease Impact for impact for R&D Other 10.00 Sales COGS Gross Profit Expenses Expenses Expenses 11.75 +1.19 +1.12 +0.24 -0.06 -0.38 -0.37 Increase Exchang
Slide 8: Exchange Rate Trend / Forecasts / Impacts
Exchange Rate Trend / Forecasts / Impacts （Yen） 2024 2025 Previous Actual vs 2024 Annual Forecasts Forecasts (as of May 15) (Annual) (as of Feb. 13) 1Q USD 151.69 150.00 152.55 140.00 -11.69 EUR 164.05 160.00 160.55 160.00 -4.05 Exchange rate impact Exchange rate impact for 2025 Jan. - Mar. for 2025
Slide 9: Capital Investment, Depreciation, R&D
Capital Investment, Depreciation, R&D （Billions of yen） 2024 2025 Previous vs Forecasts vs Results Results Forecasts Previous (as of May 15) 2024 Jan.-Mar. (as of Feb. 13) Forecasts Capex 19.3 20.0 20.0 +0.6 - 2.7 Depreciation and amortization 13.0 14.0 14.0 +0.9 - 3.2 R&D expenses 22.9 26.0 26.0 +3
Slide 10: Dividend Forecast
Dividend Forecast • Dividend payment = 30% of Consolidated net income attributable to HORIBA, Basic Policy Ltd.’s shareholders to be targeted • Execute special dividend and share buybacks timely and properly, considering investment opportunities and the cash flow situation. Dividend per share ⚫ 2023
Slide 11: Business Expansion of the Wafer Inspection Systems for Next-Generation Power Semiconductors
Business Expansion of the Wafer Inspection Systems for Next-Generation Power Semiconductors Acquisition of EtaMax Co., Ltd. in South Korea Name: EtaMax Co., Ltd. Established: 2008 EtaMax Co.,Ltd. Sales: Approx. 1.0 billion yen (2024) in South Korea Employees: 40 Acquisition agreement date: April, 20
Slide 12: Enhanced Global Supply System for the Semiconductor Industry
Enhanced Global Supply System for the Semiconductor Industry Establish a new production base in Malaysia Construction completes in August 2025, operation starts in 2026 ✓ Establish a new production base in Kedah, Malaysia – an emerging semiconductor industry district. ✓ Establish Analytical Solution
Slide 13: Business Expansion Opportunities Related to Vehicle & Engine Certifications
Business Expansion Opportunities Related to Vehicle & Engine Certifications HORIBA IRLAM *1 Technology receives U.S. EPA*2 approval HORIBA has received approval from the U.S. EPA for its proprietary Infra-Red Laser Absorption Modulation (IRLAM ) technology to be used as an accepted alternative for m
Slide 14: HORIBA
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