View ValuationHORIBA 将来の成長Future 基準チェック /16HORIBA利益と収益がそれぞれ年間12.1%と5.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に13.1% 12.1%なると予測されています。主要情報12.1%収益成長率12.11%EPS成長率Electronic 収益成長34.1%収益成長率5.3%将来の株主資本利益率13.15%アナリストカバレッジGood最終更新日15 May 2026今後の成長に関する最新情報お知らせ • Feb 17+ 2 more updatesHoriba, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2025HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2025. For the first half, the company expects net sales of JPY 155,000 million, operating income of JPY 23,000 million, net income attributable to owners of parent of JPY 15,500 million and net income attributable to owners of parent per share of JPY 369.47. For the full year, the company expects net sales of JPY 340,000 million, operating income of JPY 54,000 million, net income attributable to owners of parent of JPY 38,000 million and net income attributable to owners of parent per share of JPY 905.79.お知らせ • Nov 16HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full Year Ending December 31, 2024. For the period, Company expects net sales of JPY 318,000 million, operating income of JPY 47,500 million, net income attributable to owners of parent of JPY 33,000 million and net income attributable to owners of parent per share of JPY 786.60 against previous guidance of net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million.お知らせ • Aug 13HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full year of fiscal year ending December 31, 2024. For the full year, the company expects net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million and net income attributable to owners of parent per share of JPY 881.95.お知らせ • Feb 29HORIBA, Ltd. Provides Earnings Guidance for the Year 2028HORIBA, Ltd. provided earnings guidance for the year 2028. For the year, the company expects Net sales of JPY 450 billion and Operating income of JPY 80 billion.お知らせ • Aug 14+ 2 more updatesHORIBA, Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023HORIBA, Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be JPY 281,000 million, operating income to be JPY 41,000 million, net income attributable to owners of parent to be JPY 35,500 million and net income attributable to owners of parent per share to be JPY 839.84 against net sales of JPY 279,000 million, operating income of JPY 40,000 million and net income attributable to owners of parent of JPY 34,000 million as previously forecasted.お知らせ • May 17+ 2 more updatesHORIBA, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2023HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2023. For the first half, the company expects net sales of JPY 127,000 million, operating income of JPY 18,500 million, net income attributable to owners of parent of JPY 19,000 million and net income attributable to owners of parent per share of JPY 449.87.For the full year, the company expects net sales of JPY 279,000 million, operating income of JPY 40,000 million, net income attributable to owners of parent of JPY 34,000 million and net income attributable to owners of parent per share of JPY 805.03.すべての更新を表示Recent updatesDeclared Dividend • May 20Dividend of JP¥150 announcedShareholders will receive a dividend of JP¥150. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 115%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Tomoko Tanabe was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Feb 12HORIBA, Ltd., Annual General Meeting, Mar 21, 2026HORIBA, Ltd., Annual General Meeting, Mar 21, 2026.お知らせ • Dec 27HORIBA, Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026HORIBA, Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026お知らせ • Sep 04HORIBA, Ltd. to Report Q3, 2025 Results on Nov 14, 2025HORIBA, Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025お知らせ • Jun 05HORIBA, Ltd. to Report Q2, 2025 Results on Aug 07, 2025HORIBA, Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025お知らせ • Mar 27HORIBA, Ltd. to Report Q1, 2025 Results on May 15, 2025HORIBA, Ltd. announced that they will report Q1, 2025 results on May 15, 2025お知らせ • Mar 18HORIBA IRLAM Technology Receives U.S. EPA Approval for Measuring NOx Emissions in Engine and Vehicle CertificationHORIBA received approval from the U.S. Environmental Protection Agency (EPA) for its proprietary Infra-Red Laser Absorption Modulation (IRLAM) technology to be used as an accepted alternative for measuring NOx emissions in the certification testing of heavy-duty engines and light-duty vehicles. Extensive internal and published testing data has confirmed IRLAM's significant advantages in NOx measurement, offering improved data quality and potential cost savings through enhanced accuracy, superior wet measurement, minimal interference, lower maintenance costs, and consistent response times. With the EPA's guidance letter now in place, OEMs have formal approval to use HORIBA's IRLAM-based analyzers for NOx measurement in vehicle and engine certification testing, further supporting industry efforts to meet stringent emissions regulations.お知らせ • Feb 17+ 2 more updatesHoriba, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2025HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2025. For the first half, the company expects net sales of JPY 155,000 million, operating income of JPY 23,000 million, net income attributable to owners of parent of JPY 15,500 million and net income attributable to owners of parent per share of JPY 369.47. For the full year, the company expects net sales of JPY 340,000 million, operating income of JPY 54,000 million, net income attributable to owners of parent of JPY 38,000 million and net income attributable to owners of parent per share of JPY 905.79.お知らせ • Feb 14HORIBA, Ltd. Approves Special Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 10, 2025HORIBA, Ltd. announced that the board of directors' meeting held on February 13, 2025 passed a resolution to distribute dividends from retained earnings at the record date of December 31, 2024. With regard to the dividends for FY2024, Company have decided to pay a year-end dividend of ¥190 including special dividend ¥25 per share. Combined with the interim dividend already paid, this will bring the annual dividend to ¥270 per share. Effective Date March 10, 2025.お知らせ • Feb 13+ 1 more updateHORIBA, Ltd., Annual General Meeting, Mar 29, 2025HORIBA, Ltd., Annual General Meeting, Mar 29, 2025.お知らせ • Dec 03HORIBA, Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025HORIBA, Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025お知らせ • Nov 16HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full Year Ending December 31, 2024. For the period, Company expects net sales of JPY 318,000 million, operating income of JPY 47,500 million, net income attributable to owners of parent of JPY 33,000 million and net income attributable to owners of parent per share of JPY 786.60 against previous guidance of net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million.Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €47.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Germany. Total loss to shareholders of 6.1% over the past three years.お知らせ • Nov 13HORIBA, Ltd. Revises Dividend Guidance for the Fiscal Year 2024HORIBA, Ltd. revised dividend guidance for the FY2024. For the year, the company expects dividend of JPY 165.00 per share against previous guidance of JPY 185.00 per share. Reasons for the Amendments: The Company's shareholder return policy is targeting a dividend payout ratio at 30% of net income attributable to HORIBA Ltd.'s shareholders, while special dividend and share buybacks will be executed timely and properly, taking into account investment opportunities, cash flow situation and other factors. The dividend forecasts for FY2024 had been 265 yen per share since the announcement of the Summary of Consolidated Financial Statements for the Six Months Ended June 30, 2024 on August 8, 2024. However, considering the revised consolidated earnings forecasts for FY2024, the Company has amended the forecasts for the year-end per-share dividend with a decrease of 20 yen to 165 yen and thus revised downward the annual dividend forecasts to 245 yen, including interim dividend which had already been paid.お知らせ • Aug 27HORIBA, Ltd. to Report Q3, 2024 Results on Nov 13, 2024HORIBA, Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024お知らせ • Aug 13HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full year of fiscal year ending December 31, 2024. For the full year, the company expects net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million and net income attributable to owners of parent per share of JPY 881.95.Declared Dividend • Aug 11Dividend of JP¥185 announcedShareholders will receive a dividend of JP¥185. Ex-date: 27th December 2024 Payment date: 4th March 2025 Dividend yield will be 325%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Aug 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Dividend is not well covered by cash flows (149% cash payout ratio).Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €54.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 1.1% over the past three years.お知らせ • Jun 02HORIBA, Ltd. to Report Q2, 2024 Results on Aug 08, 2024HORIBA, Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024Reported Earnings • May 19First quarter 2024 earnings released: EPS: JP¥167 (vs JP¥321 in 1Q 2023)First quarter 2024 results: EPS: JP¥167 (down from JP¥321 in 1Q 2023). Revenue: JP¥70.3b (up 6.7% from 1Q 2023). Net income: JP¥7.03b (down 48% from 1Q 2023). Profit margin: 10.0% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 17+ 2 more updatesHORIBA, Ltd. Provides Dividend Guidance for the Second Quarter End of Year Ending December 31, 2024HORIBA, Ltd. provided dividend guidance for the second quarter end of year ending December 31, 2024. For the year, the company expects to pay dividend of JPY 80.00 per share compared to JPY 80.00 per share a year ago.Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €75.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €103 per share.Buy Or Sell Opportunity • May 16Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to €75.00. The fair value is estimated to be €103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.Buy Or Sell Opportunity • Apr 25Now 20% undervaluedOver the last 90 days, the stock has risen 18% to €84.50. The fair value is estimated to be €106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.Buy Or Sell Opportunity • Apr 19Now 21% undervaluedOver the last 90 days, the stock has risen 14% to €84.50. The fair value is estimated to be €107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period.Declared Dividend • Apr 11Final dividend of JP¥80.00 announcedShareholders will receive a dividend of JP¥80.00. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 84%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Mar 28HORIBA, Ltd. to Report Q1, 2024 Results on May 14, 2024HORIBA, Ltd. announced that they will report Q1, 2024 results on May 14, 2024Reported Earnings • Mar 27Full year 2023 earnings released: EPS: JP¥954 (vs JP¥807 in FY 2022)Full year 2023 results: EPS: JP¥954 (up from JP¥807 in FY 2022). Revenue: JP¥290.6b (up 7.6% from FY 2022). Net income: JP¥40.3b (up 18% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 29HORIBA, Ltd. Provides Earnings Guidance for the Year 2028HORIBA, Ltd. provided earnings guidance for the year 2028. For the year, the company expects Net sales of JPY 450 billion and Operating income of JPY 80 billion.Buy Or Sell Opportunity • Feb 21Now 21% undervaluedOver the last 90 days, the stock has risen 49% to €83.50. The fair value is estimated to be €106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.Buy Or Sell Opportunity • Feb 20Now 20% undervaluedOver the last 90 days, the stock has risen 53% to €85.00. The fair value is estimated to be €107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.お知らせ • Feb 16HORIBA, Ltd., Annual General Meeting, Mar 23, 2024HORIBA, Ltd., Annual General Meeting, Mar 23, 2024.Reported Earnings • Feb 16Full year 2023 earnings released: EPS: JP¥954 (vs JP¥807 in FY 2022)Full year 2023 results: EPS: JP¥954 (up from JP¥807 in FY 2022). Revenue: JP¥290.6b (up 7.6% from FY 2022). Net income: JP¥40.3b (up 18% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €91.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €108 per share.お知らせ • Feb 15HORIBA, Ltd. (TSE:6856) announces an Equity Buyback for 530,000 shares, representing 1.25% for ¥5,000 million.HORIBA, Ltd. (TSE:6856) announces a share repurchase program. Under the program, the company will repurchase up to 530,000 shares, representing 1.25% of the issued capital of the company, for up to ¥5,000 million. The repurchased shares will be used as stock compensation for directors and executive officers of the company. The plan will expire on April 30, 2024. As of December 31, 2023, the company had 42,269,723 shares outstanding (excluding treasury stock) and 263,029 shares in treasury.お知らせ • Feb 14Horiba, Ltd. Announces Year End Dividend for 2023 , Payable on March 4, 2024HORIBA, Ltd. announced that the board of directors' meeting held on February 14, 2024 passed a resolution to distribute dividends for year end 2023 from retained earnings of JPY 210 . Record Date is December 31, 2023. Effective Date is March 4, 2024.お知らせ • Dec 28HORIBA, Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024HORIBA, Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024Upcoming Dividend • Dec 21Upcoming dividend of JP¥180 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 06 March 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.5%).Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: JP¥188 (vs JP¥224 in 3Q 2022)Third quarter 2023 results: EPS: JP¥188 (down from JP¥224 in 3Q 2022). Revenue: JP¥69.6b (flat on 3Q 2022). Net income: JP¥7.97b (down 16% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 15+ 1 more updateHoriba, Ltd. Announces Dividend for the Fiscal Year Ending December 31, 2023HORIBA, Ltd. announced dividend of JPY 180.00 per share against JPY 180.00 per share paid for the same period a year ago for the fiscal year ending December 31, 2023.お知らせ • Sep 28HORIBA, Ltd. to Report Q3, 2023 Results on Nov 13, 2023HORIBA, Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023お知らせ • Aug 14+ 2 more updatesHORIBA, Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023HORIBA, Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be JPY 281,000 million, operating income to be JPY 41,000 million, net income attributable to owners of parent to be JPY 35,500 million and net income attributable to owners of parent per share to be JPY 839.84 against net sales of JPY 279,000 million, operating income of JPY 40,000 million and net income attributable to owners of parent of JPY 34,000 million as previously forecasted.Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: JP¥129 (vs JP¥131 in 2Q 2022)Second quarter 2023 results: EPS: JP¥129 (down from JP¥131 in 2Q 2022). Revenue: JP¥65.3b (up 9.7% from 2Q 2022). Net income: JP¥5.45b (down 1.3% from 2Q 2022). Profit margin: 8.4% (down from 9.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.Upcoming Dividend • Jun 22Upcoming dividend of JP¥80.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%).お知らせ • May 31HORIBA, Ltd. to Report Q2, 2023 Results on Aug 09, 2023HORIBA, Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023お知らせ • May 17+ 2 more updatesHORIBA, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2023HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2023. For the first half, the company expects net sales of JPY 127,000 million, operating income of JPY 18,500 million, net income attributable to owners of parent of JPY 19,000 million and net income attributable to owners of parent per share of JPY 449.87.For the full year, the company expects net sales of JPY 279,000 million, operating income of JPY 40,000 million, net income attributable to owners of parent of JPY 34,000 million and net income attributable to owners of parent per share of JPY 805.03.Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥321 (vs JP¥136 in 1Q 2022)First quarter 2023 results: EPS: JP¥321 (up from JP¥136 in 1Q 2022). Revenue: JP¥65.9b (up 19% from 1Q 2022). Net income: JP¥13.6b (up 137% from 1Q 2022). Profit margin: 21% (up from 10% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 30Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥270.1b (up 20% from FY 2021). Net income: JP¥34.1b (up 60% from FY 2021). Profit margin: 13% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.Reported Earnings • Feb 18Full year 2022 earnings released: EPS: JP¥807 (vs JP¥505 in FY 2021)Full year 2022 results: EPS: JP¥807 (up from JP¥505 in FY 2021). Revenue: JP¥270.1b (up 20% from FY 2021). Net income: JP¥34.1b (up 60% from FY 2021). Profit margin: 13% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €49.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electronic industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.89 per share.お知らせ • Feb 16HORIBA, Ltd., Annual General Meeting, Mar 25, 2023HORIBA, Ltd., Annual General Meeting, Mar 25, 2023.お知らせ • Feb 14HORIBA, Ltd. Approves Dividend for the Fiscal Year 2022, Payable on March 6, 2023HORIBA, Ltd. announced that the board of directors' meeting held on February 14, 2023 passed a resolution to distribute dividends from retained earnings at the record date of December 31, 2022. Dividend per Share is JPY 180. Total dividend payment is JPY 7,601 million. Effective date is March 6, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥145 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.1%).お知らせ • Dec 06HORIBA, Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023HORIBA, Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: JP¥224 (vs JP¥118 in 3Q 2021)Third quarter 2022 results: EPS: JP¥224 (up from JP¥118 in 3Q 2021). Revenue: JP¥70.2b (up 33% from 3Q 2021). Net income: JP¥9.46b (up 90% from 3Q 2021). Profit margin: 14% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Board Change • Nov 17Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Executive Independent Director Haruyuki Toyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Nov 15HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2022HORIBA, Ltd. provided consolidated earnings guidance for the year ending December 31, 2022. For the year, the company expected net sales of JPY 265,000 million, operating income of JPY 43,000 million, net income attributable to owners of parent of JPY 30,000 million, net income attributable to owners of parent per share of JPY 710.40.Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: JP¥224 (vs JP¥118 in 3Q 2021)Third quarter 2022 results: EPS: JP¥224 (up from JP¥118 in 3Q 2021). Revenue: JP¥70.2b (up 33% from 3Q 2021). Net income: JP¥9.46b (up 90% from 3Q 2021). Profit margin: 14% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Nov 11Horiba, Ltd. Announces Amendments to Dividend Forecasts for Year End 2022Based on its recent business performance, HORIBA, Ltd. announced the following amendments to its dividend forecast for FY2022, which was previously announced on August 12, 2022. Revised to Dividend Forecast to JPY 145 against Previous Forecasts of JPY 135.Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €50.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 1.2% per annum over the same time period.お知らせ • Aug 28HORIBA, Ltd. to Report Q3, 2022 Results on Nov 11, 2022HORIBA, Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022お知らせ • Aug 16HORIBA, Ltd. Provides Earnings Guidance for the Year Ending December 31, 2022HORIBA, Ltd. provided earnings guidance for the year ending December 31, 2022. For the year, the company expected net sales of JPY 260,000 million, operating income of JPY 40,000 million, net income attributable to owners of parent of JPY 28,000 million, net income attributable to owners of parent per share of JPY 663.04.Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: JP¥131 (vs JP¥115 in 2Q 2021)Second quarter 2022 results: EPS: JP¥131 (up from JP¥115 in 2Q 2021). Revenue: JP¥59.5b (up 13% from 2Q 2021). Net income: JP¥5.52b (up 14% from 2Q 2021). Profit margin: 9.3% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.1%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 12HORIBA, Ltd. Revises Dividend Guidance for Interim and Full Year of 2022HORIBA, Ltd. announced that the board of directors' meeting held on August 12, 2022 passed a resolution regarding the payment of interim dividend from retained earnings and that amendment to its dividend forecasts for Fiscal Year 2022, which were previously announced on May 13, 2022. The company approved its interim dividend of JPY 65 per share of total dividend payment JPY 2,744 million from retained earnings of record as of June 30, 2022, effective September 5, 2022. For the year end 2022, the company approved its dividend of JPY 135 per share. Reasons for the Amendments: The Company's shareholder return policy is to set the total returns to shareholders (the combined amount of dividend payments and share buybacks) at approximately 30% of consolidated net income attributable to owners of parent. Dividend forecasts for Fiscal Year 2022 had been JPY 180 per share for the full year (JPY 60 for the interim and JPY 120 for the year-end) since "Summary of Consolidated Financial Statements for the Three Months Ended March 31, 2022" on May 13, 2022. However, considering the revised consolidated earnings forecasts for Fiscal Year 2022, the Company has amended the forecasts to increase the full year dividend by JPY 20 (JPY 5 for the interim) to JPY 200 (JPY 65 for the interim and JPY 135 for the year-end).Upcoming Dividend • Jun 22Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.2%).お知らせ • May 29HORIBA, Ltd. to Report Q2, 2022 Results on Aug 12, 2022HORIBA, Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022Reported Earnings • May 18First quarter 2022 earnings released: EPS: JP¥136 (vs JP¥92.42 in 1Q 2021)First quarter 2022 results: EPS: JP¥136 (up from JP¥92.42 in 1Q 2021). Revenue: JP¥55.5b (up 14% from 1Q 2021). Net income: JP¥5.72b (up 47% from 1Q 2021). Profit margin: 10% (up from 8.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.4%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year.お知らせ • May 18+ 1 more updateHORIBA, Ltd. Provides Dividend Guidance for the Second Quarter and Year Ending December 31, 2022HORIBA, Ltd. expected to pay dividend of JPY 60 per share for the second quarter of 2022 compared to JPY 50 per share paid a year ago.The company expected to pay dividend of JPY 120 per share for the year ending December 31, 2022 compared to JPY 100 per share paid a year ago.お知らせ • May 13HORIBA, Ltd. Revises Dividend Guidance for the Interim Fiscal Year 2022 and Fiscal Year End 2022HORIBA, Ltd. revised dividend guidance of JPY 60 per share for the interim fiscal year 2022 as compared to previous guidance of JPY 50 per share.For the fiscal year end 2022, the company expected dividend of JPY 120 per share as compared to previous guidance of JPY 110 per share.Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Executive Independent Director Haruyuki Toyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 08HORIBA, Ltd. to Report Q1, 2022 Results on May 13, 2022HORIBA, Ltd. announced that they will report Q1, 2022 results on May 13, 2022Buying Opportunity • Apr 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be €59.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is also forecast to grow by 4.1% per annum over the same time period.お知らせ • Feb 17HORIBA, Ltd., Annual General Meeting, Mar 26, 2022HORIBA, Ltd., Annual General Meeting, Mar 26, 2022. Agenda: to election of board.Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: JP¥505 (up from JP¥313 in FY 2020). Revenue: JP¥224.3b (up 20% from FY 2020). Net income: JP¥21.3b (up 62% from FY 2020). Profit margin: 9.5% (up from 7.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 2.0%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.お知らせ • Feb 16+ 1 more updateHORIBA, Ltd. Provides Dividend Guidance for the Year Ending December 31, 2022HORIBA, Ltd. provided dividend guidance for the year ending December 31, 2022. For the year, the company expects to pay dividend of JPY 110.00 against JPY 100.00 a year ago.お知らせ • Feb 15HORIBA, Ltd. Announces Dividend for the Year Ended December 31, 2021, Payable on March 7, 2022HORIBA, Ltd. announced that at its board meeting held on February 14, 2022, passed a resolution to distribute dividend of JPY 100 per share for the year ended December 31, 2021 against JPY 60 per share paid for the same period a year ago. Record date is December 31, 2021. Effective date is March 7, 2022.Upcoming Dividend • Dec 22Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 08 March 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.6%).Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS JP¥118 (vs JP¥63.16 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥52.6b (up 18% from 3Q 2020). Net income: JP¥4.98b (up 87% from 3Q 2020). Profit margin: 9.5% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.お知らせ • Aug 12HORIBA, Ltd. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2021HORIBA, Ltd. revised consolidated earnings guidance for the year ending December 31, 2021. For the year, the company now expects net sales to be JPY 220,000 million against previous forecast of JPY 210,000 million. Operating income to be JPY 28,500 million against previous forecast of JPY 24,500 million. Net income attributable to owners of parent to be JPY 18,500 million against previous forecast of JPY 16,000 million. Net income attributable to owners of the parent per share to be JPY 438.42.Upcoming Dividend • Jun 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 September 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.7%).お知らせ • May 17+ 1 more updateHORIBA, Ltd. Provides Earnings Guidance for the First Half of 2021 and Year Ending December 31, 2021HORIBA, Ltd. provided earnings guidance for the first half of 2021 and year ending December 31, 2021. For the period, the company expects net sales of ¥97,000 million, Operating income of ¥10,500 million, Net income attributable to owners of parent of ¥6,700 million ¥158.77 per share. For the year ending December 31, 2021, the company expects net sales of ¥210,000 million, Operating income of ¥24,500 million, Net income attributable to owners of parent of ¥16,000 million ¥379.17 per share.Reported Earnings • May 15First quarter 2021 earnings released: EPS JP¥92.42 (vs JP¥54.22 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥48.6b (up 8.0% from 1Q 2020). Net income: JP¥3.90b (up 71% from 1Q 2020). Profit margin: 8.0% (up from 5.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.Reported Earnings • Apr 04Full year 2020 earnings released: EPS JP¥313 (vs JP¥367 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥187.1b (down 6.6% from FY 2019). Net income: JP¥13.2b (down 15% from FY 2019). Profit margin: 7.0% (down from 7.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.業績と収益の成長予測DB:01H - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2028404,57056,21851,921N/A612/31/2027382,96551,51732,754N/A712/31/2026360,22245,67530,389N/A73/31/2026345,73337,633N/AN/AN/A12/31/2025333,08137,09028,24154,383N/A9/30/2025331,73537,772N/AN/AN/A6/30/2025323,59236,30237,78460,244N/A3/31/2025318,99434,675N/AN/AN/A12/31/2024317,36933,59120,88840,335N/A9/30/2024305,75833,245N/AN/AN/A6/30/2024302,17334,44411,93822,972N/A3/31/2024294,95633,775N/AN/AN/A12/31/2023290,55840,3027,48116,652N/A9/30/2023285,69140,342N/AN/AN/A6/30/2023286,27341,83814,61827,328N/A3/31/2023280,47741,907N/AN/AN/A12/31/2022270,13334,07221,88333,966N/A9/30/2022255,47828,292N/AN/AN/A6/30/2022237,96223,80719,35929,720N/A3/31/2022231,24223,132N/AN/AN/A12/31/2021224,31421,31122,69635,268N/A9/30/2021211,24719,384N/AN/AN/A6/30/2021203,42217,07217,52132,689N/A3/31/2021190,66514,801N/AN/AN/A12/31/2020187,08013,18817,20832,253N/A9/30/2020193,00114,580N/AN/AN/A6/30/2020193,60914,57114,29028,175N/A3/31/2020199,91815,207N/AN/AN/A12/31/2019200,24115,481N/A26,638N/A9/30/2019201,57017,266N/AN/AN/A6/30/2019202,21117,580N/A20,977N/A3/31/2019203,19418,760N/AN/AN/A12/31/2018210,57022,313N/A19,536N/A9/30/2018209,14018,969N/AN/AN/A6/30/2018208,03720,325N/A24,420N/A3/31/2018202,42718,617N/AN/AN/A12/31/2017195,39916,281N/A28,287N/A9/30/2017185,48116,466N/AN/AN/A6/30/2017177,43715,293N/A26,158N/A3/31/2017174,49113,559N/AN/AN/A12/31/2016170,09312,962N/A15,871N/A9/30/2016170,92912,940N/AN/AN/A6/30/2016173,26611,793N/A10,654N/A3/31/2016172,10613,101N/AN/AN/A12/31/2015170,89812,882N/A14,770N/A9/30/2015168,88613,868N/AN/AN/A6/30/2015162,74713,214N/A14,882N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 01Hの予測収益成長率 (年間12.1% ) は 貯蓄率 ( 1.9% ) を上回っています。収益対市場: 01Hの収益 ( 12.1% ) German市場 ( 17.1% ) よりも低い成長が予測されています。高成長収益: 01Hの収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 01Hの収益 ( 5.3% ) German市場 ( 6.8% ) よりも低い成長が予測されています。高い収益成長: 01Hの収益 ( 5.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 01Hの 自己資本利益率 は、3年後には低くなると予測されています ( 13.1 %)。成長企業の発掘7D1Y7D1Y7D1YTech 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/05/22 07:57終値2026/05/22 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋HORIBA, Ltd. 7 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。23 アナリスト機関Masahiro NakanomyoBarclaysTatsuhiro TamuraBofA Global ResearchMasahiro ShibanoCitigroup Inc20 その他のアナリストを表示
お知らせ • Feb 17+ 2 more updatesHoriba, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2025HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2025. For the first half, the company expects net sales of JPY 155,000 million, operating income of JPY 23,000 million, net income attributable to owners of parent of JPY 15,500 million and net income attributable to owners of parent per share of JPY 369.47. For the full year, the company expects net sales of JPY 340,000 million, operating income of JPY 54,000 million, net income attributable to owners of parent of JPY 38,000 million and net income attributable to owners of parent per share of JPY 905.79.
お知らせ • Nov 16HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full Year Ending December 31, 2024. For the period, Company expects net sales of JPY 318,000 million, operating income of JPY 47,500 million, net income attributable to owners of parent of JPY 33,000 million and net income attributable to owners of parent per share of JPY 786.60 against previous guidance of net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million.
お知らせ • Aug 13HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full year of fiscal year ending December 31, 2024. For the full year, the company expects net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million and net income attributable to owners of parent per share of JPY 881.95.
お知らせ • Feb 29HORIBA, Ltd. Provides Earnings Guidance for the Year 2028HORIBA, Ltd. provided earnings guidance for the year 2028. For the year, the company expects Net sales of JPY 450 billion and Operating income of JPY 80 billion.
お知らせ • Aug 14+ 2 more updatesHORIBA, Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023HORIBA, Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be JPY 281,000 million, operating income to be JPY 41,000 million, net income attributable to owners of parent to be JPY 35,500 million and net income attributable to owners of parent per share to be JPY 839.84 against net sales of JPY 279,000 million, operating income of JPY 40,000 million and net income attributable to owners of parent of JPY 34,000 million as previously forecasted.
お知らせ • May 17+ 2 more updatesHORIBA, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2023HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2023. For the first half, the company expects net sales of JPY 127,000 million, operating income of JPY 18,500 million, net income attributable to owners of parent of JPY 19,000 million and net income attributable to owners of parent per share of JPY 449.87.For the full year, the company expects net sales of JPY 279,000 million, operating income of JPY 40,000 million, net income attributable to owners of parent of JPY 34,000 million and net income attributable to owners of parent per share of JPY 805.03.
Declared Dividend • May 20Dividend of JP¥150 announcedShareholders will receive a dividend of JP¥150. Ex-date: 29th June 2026 Payment date: 1st September 2026 Dividend yield will be 115%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (32% earnings payout ratio) and cash flows (73% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 41% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 20Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Non-Executive Director Tomoko Tanabe was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Feb 12HORIBA, Ltd., Annual General Meeting, Mar 21, 2026HORIBA, Ltd., Annual General Meeting, Mar 21, 2026.
お知らせ • Dec 27HORIBA, Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026HORIBA, Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026
お知らせ • Sep 04HORIBA, Ltd. to Report Q3, 2025 Results on Nov 14, 2025HORIBA, Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025
お知らせ • Jun 05HORIBA, Ltd. to Report Q2, 2025 Results on Aug 07, 2025HORIBA, Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025
お知らせ • Mar 27HORIBA, Ltd. to Report Q1, 2025 Results on May 15, 2025HORIBA, Ltd. announced that they will report Q1, 2025 results on May 15, 2025
お知らせ • Mar 18HORIBA IRLAM Technology Receives U.S. EPA Approval for Measuring NOx Emissions in Engine and Vehicle CertificationHORIBA received approval from the U.S. Environmental Protection Agency (EPA) for its proprietary Infra-Red Laser Absorption Modulation (IRLAM) technology to be used as an accepted alternative for measuring NOx emissions in the certification testing of heavy-duty engines and light-duty vehicles. Extensive internal and published testing data has confirmed IRLAM's significant advantages in NOx measurement, offering improved data quality and potential cost savings through enhanced accuracy, superior wet measurement, minimal interference, lower maintenance costs, and consistent response times. With the EPA's guidance letter now in place, OEMs have formal approval to use HORIBA's IRLAM-based analyzers for NOx measurement in vehicle and engine certification testing, further supporting industry efforts to meet stringent emissions regulations.
お知らせ • Feb 17+ 2 more updatesHoriba, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2025HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2025. For the first half, the company expects net sales of JPY 155,000 million, operating income of JPY 23,000 million, net income attributable to owners of parent of JPY 15,500 million and net income attributable to owners of parent per share of JPY 369.47. For the full year, the company expects net sales of JPY 340,000 million, operating income of JPY 54,000 million, net income attributable to owners of parent of JPY 38,000 million and net income attributable to owners of parent per share of JPY 905.79.
お知らせ • Feb 14HORIBA, Ltd. Approves Special Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 10, 2025HORIBA, Ltd. announced that the board of directors' meeting held on February 13, 2025 passed a resolution to distribute dividends from retained earnings at the record date of December 31, 2024. With regard to the dividends for FY2024, Company have decided to pay a year-end dividend of ¥190 including special dividend ¥25 per share. Combined with the interim dividend already paid, this will bring the annual dividend to ¥270 per share. Effective Date March 10, 2025.
お知らせ • Feb 13+ 1 more updateHORIBA, Ltd., Annual General Meeting, Mar 29, 2025HORIBA, Ltd., Annual General Meeting, Mar 29, 2025.
お知らせ • Dec 03HORIBA, Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025HORIBA, Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025
お知らせ • Nov 16HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full Year Ending December 31, 2024. For the period, Company expects net sales of JPY 318,000 million, operating income of JPY 47,500 million, net income attributable to owners of parent of JPY 33,000 million and net income attributable to owners of parent per share of JPY 786.60 against previous guidance of net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million.
Valuation Update With 7 Day Price Move • Nov 14Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €47.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Germany. Total loss to shareholders of 6.1% over the past three years.
お知らせ • Nov 13HORIBA, Ltd. Revises Dividend Guidance for the Fiscal Year 2024HORIBA, Ltd. revised dividend guidance for the FY2024. For the year, the company expects dividend of JPY 165.00 per share against previous guidance of JPY 185.00 per share. Reasons for the Amendments: The Company's shareholder return policy is targeting a dividend payout ratio at 30% of net income attributable to HORIBA Ltd.'s shareholders, while special dividend and share buybacks will be executed timely and properly, taking into account investment opportunities, cash flow situation and other factors. The dividend forecasts for FY2024 had been 265 yen per share since the announcement of the Summary of Consolidated Financial Statements for the Six Months Ended June 30, 2024 on August 8, 2024. However, considering the revised consolidated earnings forecasts for FY2024, the Company has amended the forecasts for the year-end per-share dividend with a decrease of 20 yen to 165 yen and thus revised downward the annual dividend forecasts to 245 yen, including interim dividend which had already been paid.
お知らせ • Aug 27HORIBA, Ltd. to Report Q3, 2024 Results on Nov 13, 2024HORIBA, Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024
お知らせ • Aug 13HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending December 31, 2024HORIBA, Ltd. provided consolidated earnings guidance for the full year of fiscal year ending December 31, 2024. For the full year, the company expects net sales of JPY 321,000 million, operating income of JPY 52,000 million, net income attributable to owners of parent of JPY 37,000 million and net income attributable to owners of parent per share of JPY 881.95.
Declared Dividend • Aug 11Dividend of JP¥185 announcedShareholders will receive a dividend of JP¥185. Ex-date: 27th December 2024 Payment date: 4th March 2025 Dividend yield will be 325%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (36% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 30% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Aug 06New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (11% average weekly change). Minor Risk Dividend is not well covered by cash flows (149% cash payout ratio).
Valuation Update With 7 Day Price Move • Aug 06Investor sentiment deteriorates as stock falls 21%After last week's 21% share price decline to €54.00, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 15x in the Electronic industry in Germany. Total loss to shareholders of 1.1% over the past three years.
お知らせ • Jun 02HORIBA, Ltd. to Report Q2, 2024 Results on Aug 08, 2024HORIBA, Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024
Reported Earnings • May 19First quarter 2024 earnings released: EPS: JP¥167 (vs JP¥321 in 1Q 2023)First quarter 2024 results: EPS: JP¥167 (down from JP¥321 in 1Q 2023). Revenue: JP¥70.3b (up 6.7% from 1Q 2023). Net income: JP¥7.03b (down 48% from 1Q 2023). Profit margin: 10.0% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 17+ 2 more updatesHORIBA, Ltd. Provides Dividend Guidance for the Second Quarter End of Year Ending December 31, 2024HORIBA, Ltd. provided dividend guidance for the second quarter end of year ending December 31, 2024. For the year, the company expects to pay dividend of JPY 80.00 per share compared to JPY 80.00 per share a year ago.
Valuation Update With 7 Day Price Move • May 16Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to €75.00, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 63% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €103 per share.
Buy Or Sell Opportunity • May 16Now 27% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to €75.00. The fair value is estimated to be €103, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.
Buy Or Sell Opportunity • Apr 25Now 20% undervaluedOver the last 90 days, the stock has risen 18% to €84.50. The fair value is estimated to be €106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.7% per annum. Earnings are also forecast to grow by 4.2% per annum over the same time period.
Buy Or Sell Opportunity • Apr 19Now 21% undervaluedOver the last 90 days, the stock has risen 14% to €84.50. The fair value is estimated to be €107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 4.4% per annum. Earnings are also forecast to grow by 4.0% per annum over the same time period.
Declared Dividend • Apr 11Final dividend of JP¥80.00 announcedShareholders will receive a dividend of JP¥80.00. Ex-date: 27th June 2024 Payment date: 4th September 2024 Dividend yield will be 84%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by earnings (27% earnings payout ratio) but not covered by cash flows (149% cash payout ratio). The dividend has increased by an average of 19% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 13% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Mar 28HORIBA, Ltd. to Report Q1, 2024 Results on May 14, 2024HORIBA, Ltd. announced that they will report Q1, 2024 results on May 14, 2024
Reported Earnings • Mar 27Full year 2023 earnings released: EPS: JP¥954 (vs JP¥807 in FY 2022)Full year 2023 results: EPS: JP¥954 (up from JP¥807 in FY 2022). Revenue: JP¥290.6b (up 7.6% from FY 2022). Net income: JP¥40.3b (up 18% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 29HORIBA, Ltd. Provides Earnings Guidance for the Year 2028HORIBA, Ltd. provided earnings guidance for the year 2028. For the year, the company expects Net sales of JPY 450 billion and Operating income of JPY 80 billion.
Buy Or Sell Opportunity • Feb 21Now 21% undervaluedOver the last 90 days, the stock has risen 49% to €83.50. The fair value is estimated to be €106, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.
Buy Or Sell Opportunity • Feb 20Now 20% undervaluedOver the last 90 days, the stock has risen 53% to €85.00. The fair value is estimated to be €107, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 2.9% per annum over the same time period.
お知らせ • Feb 16HORIBA, Ltd., Annual General Meeting, Mar 23, 2024HORIBA, Ltd., Annual General Meeting, Mar 23, 2024.
Reported Earnings • Feb 16Full year 2023 earnings released: EPS: JP¥954 (vs JP¥807 in FY 2022)Full year 2023 results: EPS: JP¥954 (up from JP¥807 in FY 2022). Revenue: JP¥290.6b (up 7.6% from FY 2022). Net income: JP¥40.3b (up 18% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has only increased by 21% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 15Investor sentiment improves as stock rises 21%After last week's 21% share price gain to €91.50, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 13x in the Electronic industry in Germany. Total returns to shareholders of 91% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €108 per share.
お知らせ • Feb 15HORIBA, Ltd. (TSE:6856) announces an Equity Buyback for 530,000 shares, representing 1.25% for ¥5,000 million.HORIBA, Ltd. (TSE:6856) announces a share repurchase program. Under the program, the company will repurchase up to 530,000 shares, representing 1.25% of the issued capital of the company, for up to ¥5,000 million. The repurchased shares will be used as stock compensation for directors and executive officers of the company. The plan will expire on April 30, 2024. As of December 31, 2023, the company had 42,269,723 shares outstanding (excluding treasury stock) and 263,029 shares in treasury.
お知らせ • Feb 14Horiba, Ltd. Announces Year End Dividend for 2023 , Payable on March 4, 2024HORIBA, Ltd. announced that the board of directors' meeting held on February 14, 2024 passed a resolution to distribute dividends for year end 2023 from retained earnings of JPY 210 . Record Date is December 31, 2023. Effective Date is March 4, 2024.
お知らせ • Dec 28HORIBA, Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024HORIBA, Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024
Upcoming Dividend • Dec 21Upcoming dividend of JP¥180 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 06 March 2024. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.5%).
Reported Earnings • Nov 15Third quarter 2023 earnings released: EPS: JP¥188 (vs JP¥224 in 3Q 2022)Third quarter 2023 results: EPS: JP¥188 (down from JP¥224 in 3Q 2022). Revenue: JP¥69.6b (flat on 3Q 2022). Net income: JP¥7.97b (down 16% from 3Q 2022). Profit margin: 11% (down from 14% in 3Q 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 15+ 1 more updateHoriba, Ltd. Announces Dividend for the Fiscal Year Ending December 31, 2023HORIBA, Ltd. announced dividend of JPY 180.00 per share against JPY 180.00 per share paid for the same period a year ago for the fiscal year ending December 31, 2023.
お知らせ • Sep 28HORIBA, Ltd. to Report Q3, 2023 Results on Nov 13, 2023HORIBA, Ltd. announced that they will report Q3, 2023 results on Nov 13, 2023
お知らせ • Aug 14+ 2 more updatesHORIBA, Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023HORIBA, Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be JPY 281,000 million, operating income to be JPY 41,000 million, net income attributable to owners of parent to be JPY 35,500 million and net income attributable to owners of parent per share to be JPY 839.84 against net sales of JPY 279,000 million, operating income of JPY 40,000 million and net income attributable to owners of parent of JPY 34,000 million as previously forecasted.
Reported Earnings • Aug 10Second quarter 2023 earnings released: EPS: JP¥129 (vs JP¥131 in 2Q 2022)Second quarter 2023 results: EPS: JP¥129 (down from JP¥131 in 2Q 2022). Revenue: JP¥65.3b (up 9.7% from 2Q 2022). Net income: JP¥5.45b (down 1.3% from 2Q 2022). Profit margin: 8.4% (down from 9.3% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥80.00 per share at 3.2% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 05 September 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Higher than average of industry peers (1.2%).
お知らせ • May 31HORIBA, Ltd. to Report Q2, 2023 Results on Aug 09, 2023HORIBA, Ltd. announced that they will report Q2, 2023 results on Aug 09, 2023
お知らせ • May 17+ 2 more updatesHORIBA, Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Year Ending December 31, 2023HORIBA, Ltd. provided consolidated earnings guidance for the first half and full year of fiscal year ending December 31, 2023. For the first half, the company expects net sales of JPY 127,000 million, operating income of JPY 18,500 million, net income attributable to owners of parent of JPY 19,000 million and net income attributable to owners of parent per share of JPY 449.87.For the full year, the company expects net sales of JPY 279,000 million, operating income of JPY 40,000 million, net income attributable to owners of parent of JPY 34,000 million and net income attributable to owners of parent per share of JPY 805.03.
Reported Earnings • May 16First quarter 2023 earnings released: EPS: JP¥321 (vs JP¥136 in 1Q 2022)First quarter 2023 results: EPS: JP¥321 (up from JP¥136 in 1Q 2022). Revenue: JP¥65.9b (up 19% from 1Q 2022). Net income: JP¥13.6b (up 137% from 1Q 2022). Profit margin: 21% (up from 10% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 30Full year 2022 earnings releasedFull year 2022 results: Revenue: JP¥270.1b (up 20% from FY 2021). Net income: JP¥34.1b (up 60% from FY 2021). Profit margin: 13% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany.
Reported Earnings • Feb 18Full year 2022 earnings released: EPS: JP¥807 (vs JP¥505 in FY 2021)Full year 2022 results: EPS: JP¥807 (up from JP¥505 in FY 2021). Revenue: JP¥270.1b (up 20% from FY 2021). Net income: JP¥34.1b (up 60% from FY 2021). Profit margin: 13% (up from 9.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 10% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
Valuation Update With 7 Day Price Move • Feb 17Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €49.40, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 19x in the Electronic industry in Germany. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.89 per share.
お知らせ • Feb 16HORIBA, Ltd., Annual General Meeting, Mar 25, 2023HORIBA, Ltd., Annual General Meeting, Mar 25, 2023.
お知らせ • Feb 14HORIBA, Ltd. Approves Dividend for the Fiscal Year 2022, Payable on March 6, 2023HORIBA, Ltd. announced that the board of directors' meeting held on February 14, 2023 passed a resolution to distribute dividends from retained earnings at the record date of December 31, 2022. Dividend per Share is JPY 180. Total dividend payment is JPY 7,601 million. Effective date is March 6, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥145 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 07 March 2023. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (5.1%). Higher than average of industry peers (1.1%).
お知らせ • Dec 06HORIBA, Ltd. to Report Fiscal Year 2022 Results on Feb 14, 2023HORIBA, Ltd. announced that they will report fiscal year 2022 results on Feb 14, 2023
Reported Earnings • Nov 17Third quarter 2022 earnings released: EPS: JP¥224 (vs JP¥118 in 3Q 2021)Third quarter 2022 results: EPS: JP¥224 (up from JP¥118 in 3Q 2021). Revenue: JP¥70.2b (up 33% from 3Q 2021). Net income: JP¥9.46b (up 90% from 3Q 2021). Profit margin: 14% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Board Change • Nov 17Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Executive Independent Director Haruyuki Toyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Nov 15HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Year Ending December 31, 2022HORIBA, Ltd. provided consolidated earnings guidance for the year ending December 31, 2022. For the year, the company expected net sales of JPY 265,000 million, operating income of JPY 43,000 million, net income attributable to owners of parent of JPY 30,000 million, net income attributable to owners of parent per share of JPY 710.40.
Reported Earnings • Nov 13Third quarter 2022 earnings released: EPS: JP¥224 (vs JP¥118 in 3Q 2021)Third quarter 2022 results: EPS: JP¥224 (up from JP¥118 in 3Q 2021). Revenue: JP¥70.2b (up 33% from 3Q 2021). Net income: JP¥9.46b (up 90% from 3Q 2021). Profit margin: 14% (up from 9.5% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Electronic industry in Germany. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Nov 11Horiba, Ltd. Announces Amendments to Dividend Forecasts for Year End 2022Based on its recent business performance, HORIBA, Ltd. announced the following amendments to its dividend forecast for FY2022, which was previously announced on August 12, 2022. Revised to Dividend Forecast to JPY 145 against Previous Forecasts of JPY 135.
Buying Opportunity • Oct 27Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 16%. The fair value is estimated to be €50.43, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.4% over the last 3 years. Earnings per share has grown by 13%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 1.2% per annum over the same time period.
お知らせ • Aug 28HORIBA, Ltd. to Report Q3, 2022 Results on Nov 11, 2022HORIBA, Ltd. announced that they will report Q3, 2022 results on Nov 11, 2022
お知らせ • Aug 16HORIBA, Ltd. Provides Earnings Guidance for the Year Ending December 31, 2022HORIBA, Ltd. provided earnings guidance for the year ending December 31, 2022. For the year, the company expected net sales of JPY 260,000 million, operating income of JPY 40,000 million, net income attributable to owners of parent of JPY 28,000 million, net income attributable to owners of parent per share of JPY 663.04.
Reported Earnings • Aug 14Second quarter 2022 earnings released: EPS: JP¥131 (vs JP¥115 in 2Q 2021)Second quarter 2022 results: EPS: JP¥131 (up from JP¥115 in 2Q 2021). Revenue: JP¥59.5b (up 13% from 2Q 2021). Net income: JP¥5.52b (up 14% from 2Q 2021). Profit margin: 9.3% (up from 9.2% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.1%, compared to a 18% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 12HORIBA, Ltd. Revises Dividend Guidance for Interim and Full Year of 2022HORIBA, Ltd. announced that the board of directors' meeting held on August 12, 2022 passed a resolution regarding the payment of interim dividend from retained earnings and that amendment to its dividend forecasts for Fiscal Year 2022, which were previously announced on May 13, 2022. The company approved its interim dividend of JPY 65 per share of total dividend payment JPY 2,744 million from retained earnings of record as of June 30, 2022, effective September 5, 2022. For the year end 2022, the company approved its dividend of JPY 135 per share. Reasons for the Amendments: The Company's shareholder return policy is to set the total returns to shareholders (the combined amount of dividend payments and share buybacks) at approximately 30% of consolidated net income attributable to owners of parent. Dividend forecasts for Fiscal Year 2022 had been JPY 180 per share for the full year (JPY 60 for the interim and JPY 120 for the year-end) since "Summary of Consolidated Financial Statements for the Three Months Ended March 31, 2022" on May 13, 2022. However, considering the revised consolidated earnings forecasts for Fiscal Year 2022, the Company has amended the forecasts to increase the full year dividend by JPY 20 (JPY 5 for the interim) to JPY 200 (JPY 65 for the interim and JPY 135 for the year-end).
Upcoming Dividend • Jun 22Upcoming dividend of JP¥60.00 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 06 September 2022. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.4%). Higher than average of industry peers (1.2%).
お知らせ • May 29HORIBA, Ltd. to Report Q2, 2022 Results on Aug 12, 2022HORIBA, Ltd. announced that they will report Q2, 2022 results on Aug 12, 2022
Reported Earnings • May 18First quarter 2022 earnings released: EPS: JP¥136 (vs JP¥92.42 in 1Q 2021)First quarter 2022 results: EPS: JP¥136 (up from JP¥92.42 in 1Q 2021). Revenue: JP¥55.5b (up 14% from 1Q 2021). Net income: JP¥5.72b (up 47% from 1Q 2021). Profit margin: 10% (up from 8.0% in 1Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.4%, compared to a 19% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 4% per year.
お知らせ • May 18+ 1 more updateHORIBA, Ltd. Provides Dividend Guidance for the Second Quarter and Year Ending December 31, 2022HORIBA, Ltd. expected to pay dividend of JPY 60 per share for the second quarter of 2022 compared to JPY 50 per share paid a year ago.The company expected to pay dividend of JPY 120 per share for the year ending December 31, 2022 compared to JPY 100 per share paid a year ago.
お知らせ • May 13HORIBA, Ltd. Revises Dividend Guidance for the Interim Fiscal Year 2022 and Fiscal Year End 2022HORIBA, Ltd. revised dividend guidance of JPY 60 per share for the interim fiscal year 2022 as compared to previous guidance of JPY 50 per share.For the fiscal year end 2022, the company expected dividend of JPY 120 per share as compared to previous guidance of JPY 110 per share.
Board Change • Apr 27Less than half of directors are independentThere are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Executive Independent Director Haruyuki Toyama was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 08HORIBA, Ltd. to Report Q1, 2022 Results on May 13, 2022HORIBA, Ltd. announced that they will report Q1, 2022 results on May 13, 2022
Buying Opportunity • Apr 02Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 6.7%. The fair value is estimated to be €59.93, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 2.7% per annum. Earnings is also forecast to grow by 4.1% per annum over the same time period.
お知らせ • Feb 17HORIBA, Ltd., Annual General Meeting, Mar 26, 2022HORIBA, Ltd., Annual General Meeting, Mar 26, 2022. Agenda: to election of board.
Reported Earnings • Feb 17Full year 2021 earnings: EPS in line with analyst expectations despite revenue beatFull year 2021 results: EPS: JP¥505 (up from JP¥313 in FY 2020). Revenue: JP¥224.3b (up 20% from FY 2020). Net income: JP¥21.3b (up 62% from FY 2020). Profit margin: 9.5% (up from 7.0% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.7%. Over the next year, revenue is forecast to grow 2.0%, compared to a 23% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings.
お知らせ • Feb 16+ 1 more updateHORIBA, Ltd. Provides Dividend Guidance for the Year Ending December 31, 2022HORIBA, Ltd. provided dividend guidance for the year ending December 31, 2022. For the year, the company expects to pay dividend of JPY 110.00 against JPY 100.00 a year ago.
お知らせ • Feb 15HORIBA, Ltd. Announces Dividend for the Year Ended December 31, 2021, Payable on March 7, 2022HORIBA, Ltd. announced that at its board meeting held on February 14, 2022, passed a resolution to distribute dividend of JPY 100 per share for the year ended December 31, 2021 against JPY 60 per share paid for the same period a year ago. Record date is December 31, 2021. Effective date is March 7, 2022.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 29 December 2021. Payment date: 08 March 2022. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.3%). Higher than average of industry peers (0.6%).
Reported Earnings • Nov 12Third quarter 2021 earnings released: EPS JP¥118 (vs JP¥63.16 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥52.6b (up 18% from 3Q 2020). Net income: JP¥4.98b (up 87% from 3Q 2020). Profit margin: 9.5% (up from 5.9% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings.
お知らせ • Aug 12HORIBA, Ltd. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2021HORIBA, Ltd. revised consolidated earnings guidance for the year ending December 31, 2021. For the year, the company now expects net sales to be JPY 220,000 million against previous forecast of JPY 210,000 million. Operating income to be JPY 28,500 million against previous forecast of JPY 24,500 million. Net income attributable to owners of parent to be JPY 18,500 million against previous forecast of JPY 16,000 million. Net income attributable to owners of the parent per share to be JPY 438.42.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥40.00 per shareEligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 September 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.1%). Higher than average of industry peers (0.7%).
お知らせ • May 17+ 1 more updateHORIBA, Ltd. Provides Earnings Guidance for the First Half of 2021 and Year Ending December 31, 2021HORIBA, Ltd. provided earnings guidance for the first half of 2021 and year ending December 31, 2021. For the period, the company expects net sales of ¥97,000 million, Operating income of ¥10,500 million, Net income attributable to owners of parent of ¥6,700 million ¥158.77 per share. For the year ending December 31, 2021, the company expects net sales of ¥210,000 million, Operating income of ¥24,500 million, Net income attributable to owners of parent of ¥16,000 million ¥379.17 per share.
Reported Earnings • May 15First quarter 2021 earnings released: EPS JP¥92.42 (vs JP¥54.22 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥48.6b (up 8.0% from 1Q 2020). Net income: JP¥3.90b (up 71% from 1Q 2020). Profit margin: 8.0% (up from 5.1% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings.
Reported Earnings • Apr 04Full year 2020 earnings released: EPS JP¥313 (vs JP¥367 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: JP¥187.1b (down 6.6% from FY 2019). Net income: JP¥13.2b (down 15% from FY 2019). Profit margin: 7.0% (down from 7.7% in FY 2019). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 11% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings.