Summary of Consolidated Financial Statements for the Nine Months Ended September…

[Note : This document has been translated from a part of the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.]

November 14, 2025

Company name HORIBA, Ltd. Listed stock exchanges: Tokyo

Listing code 6856 URL: https://www.horiba.com/int/

Representative Masayuki Adachi, President TEL: (81)75-313-8121 Contact Toyota Uenaka, Department Manager, Finance and Accounting Dept.

(Figures have been rounded down to the nearest million yen)

1. Consolidated Results for the Nine Months Ended September 30, 2025 (January 1, 2025 - September 30, 2025)

   1. Consolidated Operating Results (Percentages represent changes from the corresponding in the previous year)

      	Net Sales		Operating Income		Ordinary Income		Net Income Attributable to HORIBA, Ltd.'s Shareholders
      Nine Months Ended 9/30/25 Nine Months Ended 9/30/24	Millions of yen 230,245 215,879	% 6.7 7.6	Millions of yen 33,515 29,904	% 12.1 4.9	Millions of yen 34,370 31,111	% 10.5 7.0	Millions of yen 24,096 19,915	% 21.0 -26.2

      (Note) Comprehensive income: FY2025Q3 20,205 million yen ( -8.4%) FY2024Q3 22,051 million yen ( -50.6%)

      	Net Income Attributable to HORIBA, Ltd.'s Shareholders per Share	Net Income Attributable to HORIBA, Ltd.'s Shareholders per Share (Diluted)
      	Yen	Yen
      Nine Months Ended 9/30/25	574.03	571.26
      Nine Months Ended 9/30/24	473.73	471.30

   2. Consolidated Financial Position

   	Total Assets	Net Assets	Shareholders' Equity Ratio
   	Millions of yen	Millions of yen	%
   As of 9/30/25	490,211	323,849	65.9
   As of 12/31/24	481,616	314,704	65.2

   (Reference) Net assets excluding subscription rights to shares and non-controlling interests: As of 9/30/25 323,207 million yen As of 12/31/24 314,017 million yen

2. Dividends

   	Dividend per Share
   	First Quarter	Second Quarter	Third Quarter	Year End	Total
   FY 12/2024 FY 12/2025	Yen - -	Yen 80.00 80.00	Yen - -	Yen 190.00	Yen 270.00
   FY 12/2025 (Forecast)				210.00	290.00

   (Note) Changes in the latest dividend forecasts released: None

3. Consolidated Forecasts for the Year Ending December 31, 2025 (January 1, 2025 - December 31, 2025)

(Percentages represent changes from the same period in the previous year)

(Note) Changes in the latest business forecasts released: None

1. Significant changes in the scope of consolidation during the period: Yes

   New	One company	(Company name: EtaMax Co., Ltd. [Korea])
   Excluded	One company	(Company name: EtaMax Co., Ltd. [Korea])

2. Application of the accounting method specific to quarterly consolidated financial statements: Yes

3. Changes in accounting policies, accounting estimates and retrospective restatement

   1. Changes in accounting policies associated with revision of accounting standards: Yes

   2. Changes in accounting policies arising from other than the above: None

   3. Changes in accounting estimates: None

   4. Retrospective restatement: None

4. Number of shares outstanding (common stock)

   September 30, 2025	42,233,252	December 31, 2024	42,233,252
   September 30, 2025	237,255	December 31, 2024	280,753
   Jan. - Sep., 2025	41,976,992	Jan. - Sep., 2024	42,040,879

   1. Shares issued (including treasury stock)

   2. Treasury stock

   3. Average number of outstanding shares

Note 1. Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

Note 2. Appropriate use of business forecasts and other important information

The forecasts of dividend amount and business performance contained in this report have been made based on certain future assumptions, outlooks, and plans which are available at the HORIBA Group as of November 14, 2025. However, due to risks and various uncertain factors such as future business operation policies, changes in the economic environment in Japan and overseas, fluctuation of currency rates, it is possible that actual performance would vary considerably from the forecasts.

1. Consolidated Balance Sheets

   Amount: Millions of yen

   	FY2024 (As of December 31, 2024)	FY2025 Third Quarter (As of September 30, 2025)
   Assets Current Assets: Cash and bank deposits Notes and accounts receivable - trade, and contract assets Marketable securities Merchandise and finished goods Work in process Raw materials and supplies Other current assets Allowance for doubtful accounts Total Current Assets Fixed Assets: Property, Plant and Equipment: Buildings and structures, net Machinery, equipment and vehicles, net Land Construction in progress Other property, plant and equipment, net Total Property, Plant and Equipment Intangibles: Goodwill Software Leasehold interests in land Other intangibles Total Intangibles Investments and Other Non-Current Assets: Investment securities Retirement benefit asset Deferred tax assets Other investments and other assets Allowance for doubtful accounts Total Investments and Other Non-Current Assets Total Fixed Assets Total Assets	144,272	153,824
   	82,582	69,788
   	2,062	2,121
   	33,575	33,396
   	24,646	30,915
   	39,456	37,759
   	13,013	13,470
   	(2,808)	(1,596)
   	336,801	339,680
   	55,958	58,793
   	18,446	18,422
   	21,340	21,840
   	12,315	13,402
   	4,912	5,160
   	112,972	117,619
   	1,061	2,130
   	978	842
   	1,475	1,352
   	1,968	2,518
   	5,483	6,843
   	16,014	15,407
   	1,749	1,894
   	7,100	7,278
   	1,538	1,541
   	(45)	(54)
   	26,358	26,067
   	144,814	150,531
   	481,616	490,211

   Amount: Millions of yen

   	FY2024 (As of December 31, 2024)	FY2025 Third Quarter (As of September 30, 2025)
   Liabilities Current Liabilities: Trade notes and accounts payable Short-term loans payable Accounts payable - other Accrued income taxes Contract liabilities Accrued bonuses to employees Accrued bonuses to directors and corporate auditors Reserve for product warranty Provision for environmental measures Other current liabilities Total Current Liabilities Non-Current Liabilities: Corporate bonds Long-term loans payable Provision for environmental measures Deferred tax liabilities Retirement benefit liability Other non-current liabilities Total Non-Current Liabilities Total Liabilities Net Assets Shareholders' Equity Common stock Capital surplus Retained earnings Treasury stock Total Shareholders' Equity Accumulated Other Comprehensive Income Net unrealized holding gains or losses on securities Foreign currency translation adjustments Remeasurements of defined benefit plans Total Accumulated Other Comprehensive Income Subscription Rights to Shares Non-Controlling Interests Total Net Assets Total Liabilities and Net Assets	20,321 9,013 23,345 7,997 25,387 2,747 -3,832 - 7,638	20,924 10,378 20,883 3,235 27,682 4,450 689 3,589 553 7,447
   	100,283	99,835
   	30,000 25,391 -739 2,074 8,421	30,000 24,539 44 825 2,436 8,681
   	66,627	66,526
   	166,911	166,361
   	12,011 18,624 241,826 (2,841)	12,011 18,624 254,474 (2,401)
   	269,621	282,709
   	6,901 37,112 382	7,461 32,730 306
   	44,395	40,497
   	673 14	621 21
   	314,704	323,849
   	481,616	490,211

2. Consolidated Statements of Income and Consolidated Comprehensive Income Statements (Consolidated Statements of Income)

Amount: Millions of yen