Summary of Consolidated Financial Statements for the Three Months…

[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.]

May 14, 2026

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.

Scheduled date to commence dividend payments: －

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for institutional investors and analysts)

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

1. Consolidated Results for the Three Months Ended March 31, 2026 (January 1, 2026 - March 31, 2026)

   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
      Three Months Ended 3/31/26 Three Months Ended 3/31/25	Millions of yen 84,529 71,877	% 17.6 2.3	Millions of yen 12,480 11,755	% 6.2 17.4	Millions of yen 12,733 11,629	% 9.5 14.4	Millions of yen 8,656 8,113	% 6.7 15.4

      (Note) Comprehensive income: FY2026Q1 11,569 million yen ( －%) FY2025Q1 (927) million yen (－%)

      	Net Income Attributable to HORIBA, Ltd.'s Shareholders per Share	Net Income Attributable to HORIBA, Ltd.'s Shareholders per Share (Diluted)
      	Yen	Yen
      Three Months Ended 3/31/26	206.13	205.14
      Three Months Ended 3/31/25	193.39	192.40

   2. Consolidated Financial Position

   	Total Assets	Net Assets	Shareholders' Equity Ratio
   	Millions of yen	Millions of yen	%
   As of 3/31/26	511,991	344,670	67.2
   As of 12/31/25	518,279	348,640	67.1

   (Reference) Net assets excluding subscription rights to shares and non-controlling interests: As of 3/31/26 344,008 million yen As of 12/31/25 347,981 million yen

2. Dividends

   	Dividend per Share
   	First Quarter	Second Quarter	Third Quarter	Year End	Total
   FY 12/2025 FY 12/2026	Yen - -	Yen 80.00	Yen -	Yen 370.00	Yen 450.00
   FY 12/2026 (Forecast)		150.00	-	340.00	490.00

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

3. Consolidated Forecasts for the Year Ending December 31, 2026 (January 1, 2026 - December 31, 2026)

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

(Note) Changes in the latest business forecasts released: Yes

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

   Newly included: 2 companies (Pristine Deeptech Private Limited [India] , HORIBA Australia Pty Ltd [Australia])

   (For details, see page 10, "2. Consolidated Financial Statements and Notes (3) Notes to Consolidated Financial Statements, Changes in the Scope of Consolidation or Application of the Equity Method")

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: None

   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)

   March 31, 2026	42,233,252	December 31, 2025	42,233,252
   March 31, 2026	237,367	December 31, 2025	237,318
   Jan. - Mar., 2026	41,995,893	Jan. - Mar., 2025	41,952,499

   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 May 14, 2026.

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. Information Concerning Consolidated Operating Results

   (For details, see pages 11-13, "3. Supplemental Information - Financial Highlights for the Three Months Ended March 31, 2026")

   During the three months ended March 31, 2026, HORIBA, Ltd. (hereinafter the Company) and its consolidated subsidiaries (hereinafter the HORIBA Group or HORIBA) increased sales by 17.6% year-on-year to 84,529 million yen and operating income increased by 6.2% to 12,480 million yen, due to increase in sales in "Materials & Semiconductor" and "Energy & Environment", as well as the depreciation of the yen, which boosted sales in Europe when translated into yen. Ordinary income increased by 9.5% to 12,733 million yen and net income attributable to HORIBA Ltd.'s shareholders increased by 6.7% to 8,656 million yen.

   The operating results of each business segment are summarized as follows.

   (Energy & Environment Field)

   Sales of the automotive related business increased due to growth in demand for combustion measurement and related applications for hybrid vehicle development, as the shift to EVs moderated. As a result, segment sales increased by 18.0% year-on-year to 30,496 million yen and operating income increased by 127.4% to 1,714 million yen.

   (Bio & Healthcare Field)

   Segment sales increased by 11.5% year-on-year to 9,871 million yen, mainly due to an increase in sales of hematology analyzers in Europe, as well as the depreciation of the yen, which boosted sales when translated into yen. Despite the increase in sales, the segment posted an operating loss of 667 million yen (compared to operating loss of 734 million yen in the first quarter of FY2025), mainly due to continued investments in the life science field.

   (Materials & Semiconductor Field)

   Segment sales increased by 18.8% year-on-year to 44,162 million yen, mainly due to an increase in sales to semiconductor production equipment manufacturers in Asia, driven by demand for semiconductors for AI and data centers. On the profit side, operating income decreased by 2.6% to 11,433 million yen, mainly due to increased costs associated with the start of operations at the new factory and R&D facility in Fukuchiyama, as well as accelerated R&D investments.

2. Information Concerning Consolidated Earnings Forecasts for FY2026

Our assumption for the exchange rate has been changed from 145 yen to 155 yen against the US dollar and 175 yen to 180 yen against the euro.

Consolidated forecasts for the first half of FY2026

Amount: Millions of yen

Consolidated forecasts for the first half of FY2026 by segment

Net Sales Amount: Millions of yen Operating Income Amount: Millions of yen

With regard to consolidated earnings forecasts for the first half of FY2026, by taking into account revised exchange rate assumptions and recent order trends, the Company has revised upward its forecasts in Materials & Semiconductor by 11,000 million yen in sales and by 4,000 million yen in operating income.

This has resulted in an upward revision of the overall sales forecast to 167,000 million yen and the operating income forecast to 28,000 million yen. Due to the upward revision in operating income, the forecasts for ordinary income and net income have also been revised upward to 28,000 million yen and to 20,000 million yen respectively.

Consolidated forecasts of FY2026 (Full year)

Amount: Millions of yen

Consolidated forecasts of FY2026 by segment (Full year)

Net Sales Amount: Millions of yen Operating Income Amount: Millions of yen

With regard to consolidated earnings forecasts for FY2026, by taking into account revised exchange rate assumptions and recent order trends, the Company has revised upward its forecasts in Materials & Semiconductor by 28,000 million yen in sales and by 12,000 million yen in operating income.

This has resulted in an upward revision of the overall sales forecast to 373,000 million yen and the operating income forecast to 68,000 million yen. Due to the upward revision in operating income, the forecasts for ordinary income and net income have also been revised upward to 68,500 million yen and to 48,500 million yen respectively.

The dividend forecast for the current fiscal year remains unchanged.

Cautionary statement with respect to earnings forecasts

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 May 14, 2026. 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.

HORIBA, Ltd. (Consolidated)