ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Electronic Technology

Horiba, Ltd.

Business Summary

Horiba Ltd. engages in the manufacture and sale of instruments and systems for industrial applications. It operates through the following segments: Automotive Test Systems, Process and Environmental Instruments and Systems, Semiconductor Instruments and Systems, Medical-Diagnostic Instruments and Systems, and Scientific Instruments and Systems. The Automotive Test Systems segment sells emission measurement systems, automotive emission analyzers, onboard emission measurement systems, driveline test systems, engine test systems, break test systems, and drive recorders. The Process and Environmental Instruments and Systems segment manufactures stack gas analyzers, water quality analysis and examination systems, air pollution analyzers, and environmental radiation monitor. The Semiconductor Instruments and Systems segment includes mass flow controllers, chemical concentration monitors, reticle/mask particle detection systems, and residual gas analyzers. The Medical-Diagnostic Instruments and Systems segment offers equipment for blood sample analysis. The Scientific Instruments and Systems segment sells particle-size distribution analyzers, x-ray fluorescence analyzers, Raman spectrophotometers, gratings, and pH meters. The company was founded by Masao Horiba on October 17, 1945 and is headquartered in Kyoto, Japan.

Financial Highlights

Dec 2020 JPYUSD
Revenue187,080M1,752.20M
Gross Profit76,432M715.86M
Operating income19,695M184.46M
Income before tax18,821M176.27M
Net income13,188M123.51M
EBITDA29,313M274.54M
Diluted EPS311.082.91
Dividends Per Share900.84
Total Assets330,198M3,198.19M
Total liabilities151,527M1,467.64M
Total equity178,663M1,730.47M
Operating cash flow32,253M302.08M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 170,093M 195,399M 210,570M 200,241M 187,080M
Gross Profit 69,754M 83,292M 89,940M 82,617M 76,432M
Operating income 18,500M 26,835M 28,840M 20,916M 19,695M
Income before tax 17,243M 24,385M 28,917M 20,734M 18,821M
Net income 12,963M 16,282M 22,314M 15,482M 13,188M
EBITDA 25,315M 34,368M 36,080M 29,710M 29,313M
Diluted EPS 306.37 384.64 526.97 365.42 311.08
Dividends Per Share 85 116 145 130 90
Total Assets 239,657M 265,920M 277,368M 315,133M 330,198M
Total liabilities 106,463M 115,052M 115,347M 143,514M 151,527M
Total equity 133,120M 150,776M 161,912M 171,605M 178,663M
Operating cash flow 15,871M 28,287M 19,536M 26,638M 32,253M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 1,565.38M 1,742.55M 1,906.59M 1,836.89M 1,752.20M
Gross Profit 641.95M 742.79M 814.35M 757.87M 715.86M
Operating income 170.25M 239.31M 261.13M 191.87M 184.46M
Income before tax 158.68M 217.46M 261.82M 190.20M 176.27M
Net income 119.29M 145.20M 202.04M 142.02M 123.51M
EBITDA 232.97M 306.49M 326.68M 272.54M 274.54M
Diluted EPS 2.81 3.43 4.77 3.35 2.91
Dividends Per Share 0.78 1.03 1.31 1.19 0.84
Total Assets 2,054.76M 2,360.58M 2,528.07M 2,899.77M 3,198.19M
Total liabilities 912.78M 1,021.32M 1,051.33M 1,320.57M 1,467.64M
Total equity 1,141.33M 1,338.44M 1,475.75M 1,579.06M 1,730.47M
Operating cash flow 146.06M 252.26M 176.88M 244.36M 302.08M

Valuation Measures

Dec 2020
PER19.35
ROA4.08%
ROE7.53%
Operating margin10.52%
Profit margin7.04%

Key executives

  • Chairman & Group Chief Executive Officer: Atsushi Horiba
  • President & Representative Director: Masayuki Adachi
  • Vice Chairman & Group Chief Operating Officer: Juichi Saito
  • General Manager-Finance & Control Division: Sunao Kikkawa
  • Executive Officer & Manager-Secretariat Office: Yasuo Yamashita

Shareholders

  • National Mutual Insurance Fed. of Agricultural Cooperatives (3.9%)
  • Pictet Asset Management SA (3.8%)
  • Nomura Asset Management Co., Ltd. (3.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.6%)
  • Asset Management One Co., Ltd. (3.2%)
  • HORIBA ATSUSHI (2.4%)
  • The Vanguard Group, Inc. (2.1%)
  • Kyoto Chuo Shinkin Bank (1.9%)
  • The Bank of Kyoto, Ltd. (1.9%)
  • Horiba Rakurakukai Business Association (1.9%)

Contact Details

  • Website:http://www.horiba.co.jp
  • Address: 2 Kisshoin Miyanohigashi-cho, Minami-Ku, Kyoto, 601-8510, Japan
  • Phone: +81.75.313.8121

Related Companies

  • Horiba Group Employee Stock Ownership Plan
  • HORIBA UK Finance Ltd.
  • Horiba Italia Srl
  • Schenck-Development Test Systems
  • HORIBA Europe GmbH (Netherlands)
  • HORIBA Brasil Holding Ltda.
  • HORIBA Automotive Test Systems Ltd.
  • HORIBA Europe Automation Division GmbH
  • HORIBA United States Holding LLC
  • HORIBA France Holding SARL
  • HORIBA ABX (Thailand) Ltd.
  • HORIBA Canada, Inc.
  • HORIBA STEC Korea Ltd.
  • Horiba (China) Trading Co. Ltd.
  • Horiba India Pvt Ltd.
  • HORIBA Instruments Brasil Ltda.
  • PT HORIBA Indonesia
  • HORIBA Test Automation Ltd.
  • Horiba GmbH
  • HORIBA Jobin Yvon SRL
  • Beijing HORIBA METRON Instruments Co. Ltd.
  • Horiba (Thailand) Ltd.
  • Horiba OOO
  • HORIBA Taiwan, Inc.
  • HORIBA Jobin Yvon IBH Ltd.
  • Horiba Mira Ltd.
  • HRA International Ltd.
  • Horiba ABX Sp zoo
  • Photon Tech Intl, Inc. /Fluorescent Spectroscopic Analysis Bus
  • Horiba Instruments (Singapore) Pte Ltd.

Competitors

  • MKS Instruments, Inc.
  • Motorcar Parts of America, Inc.
Last Updated on 16 Apr, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more