Slide 1: Financial Information
Financial Information HORIBA, Ltd. February, 2025
Slide 2: Contents
Contents ◼ 2024 Results ◼ 2025 Forecasts ◼ Outlines by Business Field ◼ Topics ➢ Financial Data 2
Slide 3: Contents
Contents ◼ 2024 Results ◼ 2025 Forecasts ◼ Outlines by Business Field ◼ Topics ➢ Financial Data 3
Slide 4: Review of 2024
Review of 2024 ◆ The yen continued to decline despite monetary easing in Europe and U.S. ◆ Elections in 2024 led to changes in international conditions, and rising geopolitical risks External ◆ R&D investments for hybrid vehicles and internal combustion engines were increased in Events, Trends react
Slide 5: 2024 Results
2024 Results (Billions of Yen) 2023 2024 Changes Forecasts vs Previous Results Results vs 2023 (as of Nov. 13) Forecasts Sales 290.5 318.0 317.3 +26.8 - 0.6 Operating profit 47.2 47.5 48.3 +1.0 +0.8 O.P.% 16.3% 14.9% 15.2% -1.1p +0.3p Ordinary profit 48.2 48.5 50.1 +1.9 +1.6 Net income attributable
Slide 6: 2024 Results by Segment
2024 Results by Segment (Billions of Yen) Sales Operating profit 2023 2024 Changes 2023 2024 Changes vs vs Forecasts Forecasts Results (as of Nov. 13) Results vs 2023 Previous Results (as of Nov. 13) Results vs 2023 Previous Forecasts Forecasts Auto 80.4 94.0 93.4 +13.0 -0.5 1.2 1.0 1.4 +0.2 +0.4 P&
Slide 7: 2024 Results (B/S, CF)
2024 Results (B/S, CF) ◆Total assets: Up ¥32.5bn to ¥481.6bn, mainly by increasing cash and B/S accounts receivables ◆Equity ratio: 65.2% (compared to the end of Dec. 2023) ◆Operating CF: Cash in ¥40.3bn due to operating profit Free CF: ＋¥22.7bn ◆Investing CF: Cash out ¥17.5bn due to CF capital inve
Slide 8: Contents
Contents ◼ 2024 Results ◼ 2025 Forecasts ◼ Outlines by Business Field ◼ Topics ➢ Financial Data 8
Slide 9: Segmentation Change: 5 Segments to 3 Fields
Segmentation Change: 5 Segments to 3 Fields Energy & Bio & Materials & Environment Healthcare Semiconductor Contributing to transforming Contributing to technology Contributing to Carbon Neutrality the Healthcare Journey innovation in Woven Value Chain We will change disclosure format from 5 Segment
Slide 10: One Company Operation History
One Company Operation History 2004 - 2018 2024 - One Company Operation based on the Installation of Field Operation matrix with 5 segments and regions. (MLMAP2028) 2019 - 2023 Acceleration of Cross-Segment Japan Asia Europe Americas Combining the technologies and sales networks created by each busin
Slide 11: HORIBA's Assumptions Regarding Market Environment
HORIBA’s Assumptions Regarding Market Environment • A more complex international situation caused by rising protectionism General • Continued uncertainty in foreign exchange markets despite narrowing of the interest rate difference between the U.S. and Japan • Accelerating of investment for labor-sa
Slide 12: 2025 Forecasts
2025 Forecasts (Billions of Yen) 2023 2024 2025 2028 vs Results Results Forecasts Plan 2024 Sales 290.5 317.3 340.0 +22.6 450.0 Operating Profit 47.2 48.3 54.0 +5.6 80.0 O.P.% 16.3% 15.2% 15.9% ＋0.7p 17.8% Ordinary Profit 48.2 50.1 54.0 +3.8 Net income attributable to HORIBA, Ltd.'s Shareholders 40.
Slide 13: 2025 Forecasts by Field
2025 Forecasts by Field (Billions of Yen) Sales Operating profit 2024 2025 2028 2024 2025 2028 vs vs Results Forecasts 2024 Plan Results Forecasts 2024 Plan E&E 127.4 136.0 +8.5 158.0 4.2 7.0 +2.7 15.8 B&H 40.1 45.0 +4.8 57.0 -0.8 - +0.8 5.7 M&S 149.7 159.0 +9.2 235.0 44.9 47.0 +2.0 58.5 Total 317.3
Slide 14: Contents
Contents ◼ 2024 Results ◼ 2025 Forecasts ◼ Outlines by Business Field ◼ Topics ➢ Financial Data 14
Slide 15: Markets and Business Environment
Energy & Environment Markets and Business Environment Mobility Energy Industrial Process & Environment • Increase in equipment replacement • Increase in need for water quality and demand for development of ICE for gas monitoring and measurement in HEV / PHEV due to slowing growth the electric device
Slide 16: Mobility
Energy & Environment Mobility Launch a new “Portable emission measurement system” Support vehicle development by inclusive consulting HORIBA MIRA received “Euro NCAP” ➢ Contributes to vehicle Contributing to highly-efficient and cost-saving Passive Safety certification safety assessment development
Slide 17: Energy
Energy & Environment Energy Much assembly and adjustment work ⚫ Hydrogen is playing an increasingly important role in for electrolyzer evaluation equipment carbon neutrality and energy security ⚫ Enhanced business structure considering expanded utilization in the future Change in external environmen
Slide 18: Market and Business Environment
Bio & Healthcare Market and Business Environment Medical Life Science • Strong sales of reagents due to steady demand • Higher needs for new technology that facilitates in instruments despite COVID-related bringing new pharmaceuticals to market and subsidies settled down developing new drugs, and fo
Slide 19: Medical and Life Science
Bio & Healthcare Medical and Life Science IVD: Execute the priority regional strategy Enhance solutions for bio-pharmaceutical manufacturing Region Strategy Expand the facilities related to bio-pharmaceutical Japan • Expect an increase in testing at processes in HORIBA’s analysis lab pediatric and o
Slide 20: Market and Business Environment
Materials & Semiconductor Market and Business Environment Semiconductors Materials • Demand expansion driven by investment related to • Sales increase of raman spectrometers, particle DRAM (HBM*1) for Generative AI size distribution analyzers and x-ray fluorescence • Expect inventory adjustment in N
Slide 21: Semiconductor
Materials & Semiconductor Semiconductor A wide range of measurement/control solutions to improve efficiency and yield rates in semiconductor production processing NEW! NEW! Chemical Solution Monitoring System Ultra-thin Mass Flow Controller • Achieving the concentration • Achieving industry-leading
Slide 22: Materials
Materials & Semiconductor Materials Contributing to the development of semiconductor materials (EUV pellicles/CMP* slurry） Approach the material market that is needed in each process of semiconductor production Provide solutions such as for advanced 【Development of CMP slurry】 material development a
Slide 23: Contents
Contents ◼ 2024 Results ◼ 2025 Forecasts ◼ Outlines by Business Field ◼ Topics ➢ Financial Data 23
Slide 24: Data management system × Water quality analysis
Energy & Environment Data management system × Water quality analysis Contributing to river water quality management, using data management systems Testing course in HORIBA MIRA, Nuneaton, UK Water quality monitoring system under experimental study in HORIBA MIRA ➢ Aggravation of water quality by was
Slide 25: Group HR Strategy
HORIBARIANs Group HR Strategy Implement the Global Leadership Program Promote global exchanges within HORIBA Group • 160 employees were sent as a trainee or were seconded between offices in Japan and overseas in 2024 • Promoting acceptance of employees from overseas to enhance global operations 構成割合
Slide 26: Sustainability Strategy
Sustainability strategy Sustainability Strategy Start efforts to reduce CO₂ emissions Contribute to food safety and security CO₂ emissions (Scope 1, 2) reduction HORIBA's residual chlorine concentration monitors contribute to improved sanitation and Target: digitalization • 42% reduction in CO2 emis
Slide 27: Contents
Contents ◼ 2024 Results ◼ 2025 Forecasts ◼ Outlines by Business Field ◼ Topics ➢ Financial Data 27
Slide 28: Operating Profit Analysis (vs 2023)
Operating Profit Analysis (vs 2023) （Billions of yen） 2023 2024 Jan. – Dec. Jan. – Dec. Exchange Exchange Increase Increase Increase Increase Impact for Impact for R&D Other 47.29 Sales COGS Gross Profit Expenses Expenses Expenses 48.34 +10.99 -9.57 +8.04 -3.33 -1.81 -3.27 Increase Exchange Increase
Slide 29: Consolidated Cash Flows
Consolidated Cash Flows （Billions of yen） 2024 2023 Variation Cash flows from operating activities +40.3 +16.6 +23.6 Cash flows from investing activities -17.5 -7.3 -10.2 Cash flows from financing activities -15.9 -20.9 +5.0 Cash and cash equivalents at end of year 143.9 130.5 +13.4 Free cash flows
Slide 30: Cash Balance
(Consolidated basis, each end of period) Cash Balance （Billions of yen） Cash Cash Cash Cash 144.2 139.8 135.0 132.7 Total 80.1 Bond Total Total Total ￥15.0bn Bonds 67.2 64.4 （redemption 2026） 30.0 60.3 ￥15.0bn Bonds Bonds （redemption 2029） 30.0 Bonds 30.0 Long 300 25.0 ¥20.0bn Long Long 24.8 Long 25
Slide 31: Exchange Rate Trend / Forecasts / Impacts
Exchange Rate Trend / Forecasts / Impacts 2023 2024 2025 Forecasts vs 2024 Annual Annual (as of Feb. 13) (Annual) USD 140.67 151.69 150.00 -1.69 EUR 152.11 164.05 160.00 -4.05 Exchange rate impact Exchange rate impact for 2024 Jan. – Dec. for 2025 Forecasts (vs 2023 Jan. – Dec.) 1 yen impact of Sale
Slide 32: Capital Investment, Depreciation, R&D
Capital Investment, Depreciation, R&D （Billions of yen） 2023 2024 2025 Previous vs vs vs Actual Forecasts Actual Previous Forecasts 2023 2024 (as of Nov. 13) Forecasts Capex 9.1 23.0 19.3 +10.2 -3.6 20.0 +0.6 Depreciation and amortization 12.6 14.0 13.0 +0.4 -0.9 14.0 +0.9 R&D expenses 20.4 23.0 22.
Slide 33: Shareholder Return
Shareholder Return • Dividend payment = 30% of Consolidated net income attributable to HORIBA, Ltd.’s shareholders to be targeted Basic Policy • Execute special dividend and share buybacks timely and properly, considering investment opportunities and the cash flow situation. Dividends per share ⚫ 20
Slide 34: Thank you
HORIBA Omoshiro-okashiku Joy and Fun 2. yume x U a 3 Terima kasih > Gracias © iW Danke % Zac euxaplotw Nd& pa TOAU » - 7) ar : = THANK YOU 34 ix: oD UAUAMASL 9 Bonbuwoe cnacu6oo SORESTAWNELE SF Camon Z ZALIC Dziekuje 3 1949
Slide 35: Copyright notice
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