Horiba, Ltd. · TSE:6856
Horiba — Investor Presentation (August 2026)
37 slides from Horiba's investor presentation, Aug 21, 2026
Slide 1: MLMAP2028 Update
MLMAP2028 Update HORIBA, Ltd. August, 2026
Slide 2: Contents
Contents ◼ MLMAP2028 Update (Business Portfolio) ◼ MLMAP2028 Update (Business Strategy) ◼ MLMAP2028 Update (Financial Strategy / Governance) <Disclaimer> This presentation contains statements and materials that indicate future forecasts regarding the performance, strategies, and business plans of HO
Slide 3: Contents
Contents ◼ MLMAP2028 Update (Business Portfolio) ◼ MLMAP2028 Update (Business Strategy) ◼ MLMAP2028 Update (Financial Strategy / Governance) 3
Slide 4: Our Future
Our Future Vision Joy and Fun for All Solving our customers’ challenges through analytical, measurement, and control technologies. Contributing to society, the environment, and humanity through our business growth. 4
Slide 5: Sales by Segments
Continue to invest in R&D from a mid-to-long term perspective Acquiring core technologies through M&A. Aiming to become the De-facto standard in new growth markets. M&A history 1997 : Optical 2003 : Acquiring Pressure 2005 : Acquiring 2015 : Acquiring 2018 : Acquiring 2023 : Acquiring spectroscopy t
Slide 6: Segmentation in HORIBA Group
Segmentation in HORIBA Group Reorganization from 5 segments to 3 fields to accelerate customer and market oriented businesses. Infrared measurement Automotive Value creation based Materials & on solving customer Process & ➢ Sales approx. Semiconductor challenges Fluid control ➢ Market oriented Envir
Slide 7: Diverse solutions powered by core technology
Diverse solutions powered by core technology HORIBA applies its five core technologies across three fields and feeds insights back to its core technologies, continuously creating new solutions and sustaining competitive advantage. Infrared measurement Liquid analysis High-Accuracy Infrared HORIBA’s
Slide 8: Business Portfolio Management
Business Portfolio Management • “Growth Potential” based on technology & market trend Evaluate HORIBA’s portfolio based on these two points and • “Economic Value Creation” with an emphasis on the cost promptly review resource allocation and business strategy. of capital High Criteria of Portfolio 3.
Slide 9: Contents
Contents ◼ MLMAP2028 Update (Business Portfolio) ◼ MLMAP2028 Update (Business Strategy) ◼ MLMAP2028 Update (Financial Strategy / Governance) 9
Slide 10: Background and Policy behind MLMAP 2028 Update
Background and Policy behind MLMAP 2028 Update Strategy changes in response to changes in the business environment Back ground ➢ Reviewed our strategy considering changes in external / internal environment and capital efficiency. Aim to achieve sustainable growth and enhance enterprise value through
Slide 11: MLMAP2028 Update Key targets
MLMAP2028 Update Key targets （Red texts: Revised） Financial targets Non-Financial targets (Initial Plan) (MLMAP2028 Update) Practicing values by Sales all HORIBARIANs 450.0 B.JPY 460.0 B.JPY Creating values with HONMAMON Operating Profit Carbon neutrality in 2050 80.0 B.JPY 90.0 B.JPY 42% reduction
Slide 12: MLMAP2028 Update Financial Target by Field
MLMAP2028 Update Financial Target by Field （Billions of yen） Sales Operating Profit 2024 2025 2026 2028 2024 2025 2026 2028 2028 2028 Forecasts Forecasts Results Results (as of Aug. 7) (Initial Plan) Updated Results Results (as of Aug. 7) (Initial Plan) Updated Materials & Semiconductor 149.7 156.5
Slide 13: MLMAP2028 Update Summary
MLMAP2028 Update Summary Upward Revision in Targets for Sales, Operating Profit, Net Profit and ROE target Action plan by business field Materials & Semiconductor ⚫ Expand supply capacity at the Kyoto Fukuchiyama factory to respond to growing demand. ⚫ Accelerate R&D by strengthening global collabor
Slide 14: MLMAP2028 Update Sales in New business
MLMAP2028 Update Sales in New business ➢ Revised initial target due to a sudden change in hydrogen market. ➢ While the targets have been revised downward, growth in semiconductor solutions and life science are expected at CAGR +25%, +15% respectively. ⚫ Solutions to improve efficiency of 13.0 wafer
Slide 15: Business Portfolio Management
Business Portfolio Management • “Growth Potential” based on technology & market trend Evaluate HORIBA’s portfolio based on these two points and • “Economic Value Creation” with an emphasis on the cost promptly review resource allocation and business strategy. of capital High Criteria of Portfolio 3.
Slide 16: Addressing sophisticated needs in Semiconductor market
Growth Addressing sophisticated needs in Semiconductor market Advances in AI technology and rapid expansion in demand for data centers. HORIBA provides various solutions with our technological strength and supply capabilities. Semiconductor equipment demand driven by AI-related investment will remai
Slide 17: Strengthening the Supply System for Semiconductor Demand
Growth Strengthening the Supply System for Semiconductor Demand Full-scale operation of the Kyoto Fukuchiyama Factory, the investment was decided in 2023. Domestic mass flow controller production capacity will expand up to 3 times. Production breakdown Kyoto Fukuchiyama Factory by factory in 2026 (c
Slide 18: Refine Core Technologies to Strengthen Competitive Advantage
Growth Refine Core Technologies to Strengthen Competitive Advantage Reinforcing R&D capabilities for global customer base on both of core and next-generation technologies by expanding Kyoto Fukuchiyama Technology Center. Responding swiftly and flexibly to demanding technical requirements, close to c
Slide 19: HORIBA's Solutions for Semiconductor Production
Growth HORIBA’s Solutions for Semiconductor Production Broadening the lineup from new materials development to semiconductor production and facilities. Chemical Concentration Monitor Mass Flow Controller AnalyzerParticle Size Automated Thin Film Continuously measures chemicals used in Used in deposi
Slide 20: Mobility: The Future of Automotive Powertrains
Core Profit- Mobility: The Future of Automotive Powertrains generating Demand for ICE development is expected to continue growing beyond 2030. As powertrains continue to diversify, hybrid vehicles requiring increasingly sophisticated control are expected to increase. Combustion Engine (Unit: thousan
Slide 21: Mobility: Initiatives to Enhance Profitability
Core Profit- Mobility: Initiatives to Enhance Profitability generating Maintain high profitability by capturing demand driven by ongoing ICE and hybrid vehicle development. Maintain stable sales Profitability improvement • Demand for internal combustion engine • For low-profit products, optimize glo
Slide 22: IP&E: Initiatives to Enhance Profitability
Core Profit- IP&E*1: Initiatives to Enhance Profitability generating Ensure stable profits by contributing to environmental regulations initiatives, process optimization, and carbon neutrality initiatives across various industries. 50% share Water quality / Gas monitoring solutions of HORIBA 40% sha
Slide 23: Hydrogen Market Outlook
Value Rebuilding Hydrogen Market Outlook Next-generation Following large-scale investment through 2023, the market started to contract in 2024, but expected to expand by 2030 amid recent energy-market conditions. Low-emissions hydrogen production capability Hydrogen demand forecasts by industries. b
Slide 24: Energy (Hydrogen): Initiatives to improve Profitability
Value Rebuilding Energy (Hydrogen): Initiatives to improve Profitability Next-generation Expect hydrogen to contribute solving a critical societal issue of energy supply. Implementing structural reform while market conditions remain sluggish. Aim for advancing technology while contributing to earnin
Slide 25: Bio & Healthcare: Direction of Medical Business Reform
Value Rebuilding Bio & Healthcare: Direction of Medical Business Reform Core Profit- generating Hematology: Strengthen regional strategies and carry out structural reforms in low-profit regions. 【Global Market Environment】 【HORIBA’s Response / Measures】 ➢ Expand OEM sales. ⚫ Demand has been graduall
Slide 26: Bio & Healthcare: Growth Story in the Life Science Market
Next- Bio & Healthcare: Growth Story in the Life Science Market generation The biopharmaceutical *1 market is expected to grow *1 Biopharmaceutical: Medicines whose active ingredients are proteins produced using genetic engineering or cell culture technologies, including antibody drugs and gene at C
Slide 27: Direction of structural reforms and schedule
Direction of structural reforms and schedule (Unit: billions of yen) Operating Profit Forecasts 2.7 0.6 4.9 49 1.4 14 90.0 900 32.0 320 27 6 48.4 484 2024年OP 先端材料・半導体 Materials & モビリティ Mobility 産業プロセス・環境 Industrial Energy Process & エネルギー（水素） メディカル Medical 2028年OP 2028 OP 2024 OP Environment Semicond
Slide 28: Non-Financial targets: HR and Sustainability Initiatives
Non-Financial targets: HR and Sustainability Initiatives Embedding Corporate Culture Promoting Global Talent Development Progress on Sustainability Initiatives Targets related to HR strategy GHG reduction targets Practicing values by all HORIBARIANs 2033 : Reduce 42% or more (vs 2023) Creating value
Slide 29: Contents
Contents ◼ MLMAP2028 Update (Business Portfolio) ◼ MLMAP2028 Update (Business Strategy) ◼ MLMAP2028 Update (Financial Strategy / Governance) 29
Slide 30: MLMAP2028 Update Key targets
MLMAP2028 Update Key targets （Red texts: Revised） Financial targets Non-Financial targets (Initial Plan) (MLMAP2028 Update) Practicing values by Sales all HORIBARIANs 450.0 B.JPY 460.0 B.JPY Creating values with HONMAMON Operating Profit Carbon neutrality in 2050 80.0 B.JPY 90.0 B.JPY 42% reduction
Slide 31: MLMAP2028 Update, Cash allocation
MLMAP2028 Update, Cash allocation Focused investment in growth areas R&D investment As of June 2026 140.0B.JPY 62.0 B.JPY 2024 - 2028 vs original+10.0 B.JPY (44%) Operating Cash Flow Investment before R&D investment for growth Capital/Strategic investment As of June 2026 57.0 B.JPY 140.0B.JPY 410.0
Slide 32: Focused Investment in Growth Areas
Focused Investment in Growth Areas Strategic investments based on our long-term vision, as well as investments focused on capital efficiency and corporate governance. • Invest in growing businesses - Advanced Materials and Semiconductors. • Continue to make disciplined investments in core and next-g
Slide 33: Enhanced Shareholder Returns and Disciplined Financial Strategy
Enhanced Shareholder Returns and Disciplined Financial Strategy 1974-2012 2013-2023 2024-2026 After 2027 Dividend payout Target a total • Dividends: Targeted at 30% of • Dividends = Targeted at 40% of ratio of 30% for payout ratio of consolidated net income. consolidated net income. Shareholder HORI
Slide 34: Strengthen Governance to Execute Strategies for Enhancing Corporate Value
Strengthen Governance to Execute Strategies for Enhancing Corporate Value Considering transition to a company with an Audit and Supervisory Committee and a board with a majority of outside directors.* → Further Strengthen Supervisory Functions and Governance Structures. *Subject to approval at the a
Slide 35: MLMAP2028 Symbol
MLMAP2028 Symbol A butterfly transforms from humble beginnings to a beautiful creature dancing on the wind and spreading new life to each flower it touches. Each tiny flap of its wings may result in massive impact elsewhere. HORIBA’s cutting edge analytical and measurement solutions maximize the val
Slide 36: Omoshiro-okashiku
Omoshiro-okashiku Joy and Fun u a 3 Terima kasih ® & Gracias S ini Danke 2 Lac euxaplotw n&pa TOAU a Yr 2 THANK YOU 3 x: D WaAUAAL ASU fe) Bonbwoe cnacu6o mpwesoeuale g Cam dn = Zt AFSELIC} Dziekuje 2 alzeay 1940) HORIBA
Slide 37: This document is our proprietary material and is protected by copyright law
This document is our proprietary material and is protected by copyright law. Please do not use, reproduce, transmit, or disclose (including orally) all or part of this document without our prior approval. Thank you.