Horiba reports strong nine-month growth, raises segment forecasts

Horiba, Ltd. reported consolidated net sales of JPY 230,245 million for the nine months ended September 30, 2025, a 6.7% increase year-on-year. Operating income rose 12.1% to JPY 33,515 million, and ordinary income increased 10.5% to JPY 34,370 million. Net income attributable to shareholders soared 21.0% to JPY 24,096 million.

Sales for the Energy & Environment Field increased 10.0% to JPY 85,968 million, with operating income of JPY 2,023 million, a significant turnaround from an operating loss in the prior year. The Materials & Semiconductor Field also saw a 5.4% sales increase to JPY 114,768 million and operating income growth of 1.1% to JPY 32,812 million.

While overall full-year forecasts remain unchanged, Horiba revised upward its sales and operating income forecasts for the Energy & Environment segment by JPY 1,000 million and JPY 500 million, respectively. Conversely, the Bio & Healthcare segment's sales and operating income forecasts were revised downward by JPY 1,000 million and JPY 500 million, respectively. The dividend forecast for FY2025 remains at JPY 290.00 per share.