November, 2025
Contents
2025 3Q (Jan.-Sep.) Results
2025 Forecasts
Operating Profit Analysis
Exchange rate impact
CAPEX, Depreciation, R&D Expenses
Dividend Forecasts
Reference
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2025 3Q (Jan.-Sep.) ResultsSales, operating profit and ordinary profit were record-high driven by Energy & Environment and Materials & Semiconductor.
Net income increased year-on-year.
（Billions of yen）
2024 | 2025 | Changes | |||
9 Months Results (Jan.-Sep.) | 9 Months Results (Jan.-Sep.) | vs 2024 | % | ||
Sales | 215.8 | +14.3 | +6.7% | ||
Operating profit | 29.9 | +3.6 | +12.1% | ||
O.P.% | 13.9% | 14.6% | ＋0.7p | - | |
Ordinary profit | 31.1 | +3.2 | +10.5% | ||
Net income attributable to HORIBA, Ltd.'s Shareholders | 19.9 | 24.0 | +4.1 | +21.0% | |
USD/JPY | 151.46 148.08 | -3.38 |
EUR/JPY | 164.56 165.69 | +1.13 |
： Record-high 3
2025 3Q (Jan.-Sep.) Results by Fields（Billions of yen）
Sales | Operating profit | |||||||
2024 | 2025 | Changes | 2024 | 2025 | Changes | |||
9 Months Results (Jan.-Sep.) | 9 Months Results (Jan.-Sep.) | vs 2024 | % | 9 Months Results (Jan.-Sep.) | 9 Months Results (Jan.-Sep.) | vs 2024 % | ||
Energy & Environment | 78.1 | 85.9 | +7.8 | +10.0% | -1.3 | 2.0 | +3.3 | - |
Bio & Healthcare | 28.8 | 29.5 | +0.6 | +2.4% | -1.1 | -1.3 | -0.1 | - |
Materials & | 108.9 | 114.7 | +5.8 | +5.4% | 32.4 | 32.8 | +0.3 | +1.1% |
Semiconductor | ||||||||
Total | 215.8 | 230.2 | +14.3 | +6.7% | 29.9 | 33.5 | +3.6 | +12.1% |
＜Energy & Environment＞
In Europe and the Americas, increase in demand for development of hybrid vehicles and sales of engineering and testing for overall vehicle development increased.
＜Bio & Healthcare＞
Operating loss was recorded due to a decrease in sales of reagents for IVD analyzers in the Americas despite an increase in sales in Europe.
＜Materials & Semiconductor＞
Sales to semiconductor production equipment manufacturer increased in Asia driven by the demand for advanced
semiconductors.
*Due to the change in disclosure segments from this fiscal year, past highest ratings by fields are not shown. 4
2025 Forecas ts（Billions of yen）
Maintain the annual forecasts, but we adjusted the forecasts by fields reflecting the business trends until September. | |||||||
2024 | 2025 | Changes | |||||
Results | Previous Forecasts Forecasts (as of Nov. 14) (as of Aug. 7) | vs 2024 vs Previous Forecasts | |||||
Sales | 317.3 | 335.0 | +17.6 | - | |||
Operating profit | 48.3 | 52.0 | +3.6 | - | |||
O.P.% | 15.2% | 15.5% | 15.5% | ＋0.3p | - | ||
Ordinary profit | 50.1 | 52.0 | +1.8 | - | |||
Net income attributable to HORIBA, Ltd.'s Shareholders | 33.5 | 36.0 | 36.0 | +2.4 | - | ||
USD/JPY | 151.69 | 145.00 145.00 | -6.69 | - |
EUR/JPY | 164.05 | 165.00 165.00 | +0.95 | - |
： Record-high
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