Horiba reports 21% net income surge in H1

Horiba reported net income attributable to shareholders surged 21% to 15.9bn yen for the six months ended June 30, while operating income rose 18% to 21.9bn yen on sales of 148.9bn yen.

The Materials & Semiconductor Field drove growth with sales up 8% to 75.8bn yen. Energy & Environment recovered from an operating loss to 510m yen profit. However, Bio & Healthcare sales fell 3% and swung to a 1.1bn yen operating loss.

Full-year forecasts remain unchanged at 335bn yen sales and 36bn yen net income.