View ValuationHORIBA 将来の成長Future 基準チェック /36HORIBA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11.5%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分析記事 • May 18HORIBA, Ltd. Just Recorded A 12% Revenue Beat: Here's What Analysts ThinkHORIBA, Ltd. ( TSE:6856 ) defied analyst predictions to release its first-quarter results, which were ahead of market...Price Target Changed • May 16Price target increased by 12% to JP¥22,786Up from JP¥20,357, the current price target is an average from 7 analysts. New target price is 11% below last closing price of JP¥25,525. Stock is up 151% over the past year. The company is forecast to post earnings per share of JP¥1,086 for next year compared to JP¥883 last year.Price Target Changed • Mar 03Price target increased by 8.0% to JP¥19,167Up from JP¥17,750, the current price target is an average from 6 analysts. New target price is 5.6% below last closing price of JP¥20,305. Stock is up 110% over the past year. The company is forecast to post earnings per share of JP¥1,013 for next year compared to JP¥883 last year.分析記事 • Feb 15The HORIBA, Ltd. (TSE:6856) Yearly Results Are Out And Analysts Have Published New ForecastsInvestors in HORIBA, Ltd. ( TSE:6856 ) had a good week, as its shares rose 2.6% to close at JP¥19,500 following the...Price Target Changed • Dec 02Price target increased by 8.5% to JP¥14,917Up from JP¥13,750, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,535. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.Price Target Changed • Nov 28Price target increased by 8.2% to JP¥14,500Up from JP¥13,400, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,455. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.すべての更新を表示Recent updates分析記事 • May 18HORIBA, Ltd. Just Recorded A 12% Revenue Beat: Here's What Analysts ThinkHORIBA, Ltd. ( TSE:6856 ) defied analyst predictions to release its first-quarter results, which were ahead of market...Reported Earnings • May 17First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥206 (up from JP¥193 in 1Q 2025). Revenue: JP¥84.5b (up 18% from 1Q 2025). Net income: JP¥8.66b (up 6.7% from 1Q 2025). Profit margin: 10% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings.Price Target Changed • May 16Price target increased by 12% to JP¥22,786Up from JP¥20,357, the current price target is an average from 7 analysts. New target price is 11% below last closing price of JP¥25,525. Stock is up 151% over the past year. The company is forecast to post earnings per share of JP¥1,086 for next year compared to JP¥883 last year.ライブニュース • May 16HORIBA Lifts 2026 Outlook With Sales Growth International Expansion and Dividend IncreaseHORIBA reported Q1 2026 sales up 17.6% year over year, mainly driven by its Energy & Environment and Materials & Semiconductor segments, and raised full-year profit guidance with net income and EPS both expected to grow more than 30%. The company plans to increase annual dividends and is expanding internationally with new subsidiaries in India and Australia. HORIBA also exceeded earnings expectations in a separate release, with EPS 6.13% above estimates and revenue 11.53% ahead of forecasts, supported by demand across all five business segments, including automotive testing and medical diagnostics. Taken together, the raised profit outlook, dividend plans and earnings beat point to management confidence in the current business mix and global expansion approach. For you, the key questions are how sustainable demand will be across cyclical areas like semiconductor and automotive testing, and whether the international build-out in India and Australia can be executed without pressuring margins.Declared Dividend • Apr 11Final dividend 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 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% 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 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Buy Or Sell Opportunity • Apr 08Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to JP¥19,735. The fair value is estimated to be JP¥16,429, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.Reported Earnings • Mar 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥883 (up from JP¥799 in FY 2024). Revenue: JP¥333.1b (up 5.0% from FY 2024). Net income: JP¥37.1b (up 10% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.Price Target Changed • Mar 03Price target increased by 8.0% to JP¥19,167Up from JP¥17,750, the current price target is an average from 6 analysts. New target price is 5.6% below last closing price of JP¥20,305. Stock is up 110% over the past year. The company is forecast to post earnings per share of JP¥1,013 for next year compared to JP¥883 last year.分析記事 • Feb 15The HORIBA, Ltd. (TSE:6856) Yearly Results Are Out And Analysts Have Published New ForecastsInvestors in HORIBA, Ltd. ( TSE:6856 ) had a good week, as its shares rose 2.6% to close at JP¥19,500 following the...Reported Earnings • Feb 14Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥883 (up from JP¥799 in FY 2024). Revenue: JP¥333.1b (up 5.0% from FY 2024). Net income: JP¥37.1b (up 10% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.お知らせ • Feb 12HORIBA, Ltd., Annual General Meeting, Mar 21, 2026HORIBA, Ltd., Annual General Meeting, Mar 21, 2026.分析記事 • Dec 27HORIBA (TSE:6856) Is Increasing Its Dividend To ¥210.00The board of HORIBA, Ltd. ( TSE:6856 ) has announced that it will be paying its dividend of ¥210.00 on the 10th of...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, 2026Upcoming Dividend • Dec 22Upcoming dividend of JP¥210 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%).Price Target Changed • Dec 02Price target increased by 8.5% to JP¥14,917Up from JP¥13,750, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,535. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.Price Target Changed • Nov 28Price target increased by 8.2% to JP¥14,500Up from JP¥13,400, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,455. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.分析記事 • Nov 18HORIBA, Ltd. Just Beat EPS By 18%: Here's What Analysts Think Will Happen NextHORIBA, Ltd. ( TSE:6856 ) just released its latest third-quarter results and things are looking bullish. HORIBA beat...Reported Earnings • Nov 18Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥196 (up from JP¥161 in 3Q 2024). Revenue: JP¥81.3b (up 11% from 3Q 2024). Net income: JP¥8.24b (up 22% from 3Q 2024). Profit margin: 10% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Nov 18Now 22% undervaluedOver the last 90 days, the stock has risen 27% to JP¥14,225. The fair value is estimated to be JP¥18,194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 8.0% per annum over the same time period.New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).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分析記事 • Sep 03HORIBA (TSE:6856) Has Announced That It Will Be Increasing Its Dividend To ¥210.00The board of HORIBA, Ltd. ( TSE:6856 ) has announced that it will be paying its dividend of ¥210.00 on the 10th of...分析記事 • Sep 02Is Now An Opportune Moment To Examine HORIBA, Ltd. (TSE:6856)?HORIBA, Ltd. ( TSE:6856 ), might not be a large cap stock, but it received a lot of attention from a substantial price...Declared Dividend • Sep 02First half dividend of JP¥210 announcedShareholders will receive a dividend of JP¥210. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: JP¥185 (up from JP¥146 in 2Q 2024). Revenue: JP¥77.1b (up 6.3% from 2Q 2024). Net income: JP¥7.75b (up 27% from 2Q 2024). Profit margin: 10% (up from 8.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.分析記事 • Jul 20HORIBA, Ltd.'s (TSE:6856) Intrinsic Value Is Potentially 66% Above Its Share PriceKey Insights Using the 2 Stage Free Cash Flow to Equity, HORIBA fair value estimate is JP¥18,432 HORIBA is estimated to...Upcoming Dividend • Jun 20Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%).分析記事 • Jun 12Investors Will Want HORIBA's (TSE:6856) Growth In ROCE To PersistIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...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, 2025Reported Earnings • May 20First quarter 2025 earnings released: EPS: JP¥193 (vs JP¥167 in 1Q 2024)First quarter 2025 results: EPS: JP¥193 (up from JP¥167 in 1Q 2024). Revenue: JP¥71.9b (up 2.3% from 1Q 2024). Net income: JP¥8.11b (up 15% from 1Q 2024). Profit margin: 11% (up from 10.0% in 1Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.Declared Dividend • Apr 11Final dividend of JP¥80.00 announcedShareholders will receive a dividend of JP¥80.00. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 16% 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.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥7,972, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 47% over the past three years.Reported Earnings • Apr 05Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: JP¥799 (down from JP¥954 in FY 2023). Revenue: JP¥317.4b (up 9.2% from FY 2023). Net income: JP¥33.6b (down 17% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.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.Reported Earnings • Feb 15Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: JP¥799 (down from JP¥954 in FY 2023). Revenue: JP¥317.4b (up 9.2% from FY 2023). Net income: JP¥33.6b (down 17% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.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.Upcoming Dividend • Dec 20Upcoming dividend of JP¥165 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 04 March 2025. Payout ratio is a comfortable 37% and the cash payout ratio is 86%. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).Price Target Changed • Dec 19Price target decreased by 11% to JP¥12,933Down from JP¥14,475, the current price target is an average from 6 analysts. New target price is 45% above last closing price of JP¥8,920. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥809 for next year compared to JP¥954 last year.Price Target Changed • Dec 05Price target decreased by 8.3% to JP¥13,771Down from JP¥15,025, the current price target is an average from 7 analysts. New target price is 59% above last closing price of JP¥8,661. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥796 for next year compared to JP¥954 last year.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, 2025Reported Earnings • Nov 19Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: JP¥161 (down from JP¥188 in 3Q 2023). Revenue: JP¥73.2b (up 5.2% from 3Q 2023). Net income: JP¥6.77b (down 15% from 3Q 2023). Profit margin: 9.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.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 JP¥8,000, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 21% 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 10Dividend 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 2.8%, 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.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to JP¥8,689, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 21% over the past three years.Price Target Changed • Jun 15Price target increased by 9.7% to JP¥16,171Up from JP¥14,738, the current price target is an average from 7 analysts. New target price is 33% above last closing price of JP¥12,165. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥888 for next year compared to JP¥954 last year.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 18First quarter 2024 earnings: EPS misses analyst expectationsFirst 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. 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 26% 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.Buy Or Sell Opportunity • May 15Now 30% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to JP¥13,035. The fair value is estimated to be JP¥18,512, 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 23% undervaluedOver the last 90 days, the stock has risen 17% to JP¥14,315. The fair value is estimated to be JP¥18,596, 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 1.8%, 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 28Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. 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 31% per year, which means it is significantly lagging earnings growth.Buy Or Sell Opportunity • Mar 14Now 20% undervaluedOver the last 90 days, the stock has risen 39% to JP¥14,695. The fair value is estimated to be JP¥18,413, 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.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.Price Target Changed • Feb 29Price target increased by 7.6% to JP¥13,814Up from JP¥12,843, the current price target is an average from 7 analysts. New target price is 5.4% below last closing price of JP¥14,605. Stock is up 96% over the past year. The company is forecast to post earnings per share of JP¥841 for next year compared to JP¥954 last year.Buy Or Sell Opportunity • Feb 28Now 20% undervaluedOver the last 90 days, the stock has risen 45% to JP¥14,465. The fair value is estimated to be JP¥18,105, 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 3.8% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period.Buy Or Sell Opportunity • Feb 19Now 22% undervaluedOver the last 90 days, the stock has risen 53% to JP¥14,130. The fair value is estimated to be JP¥18,109, 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: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. 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 29% per year, which means it is significantly lagging earnings growth.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.Price Target Changed • Feb 15Price target increased by 8.7% to JP¥11,586Up from JP¥10,657, the current price target is an average from 7 analysts. New target price is 24% below last closing price of JP¥15,170. Stock is up 112% over the past year. The company is forecast to post earnings per share of JP¥835 for next year compared to JP¥807 last year.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.New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).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業績と収益の成長予測TSE:6856 - 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: 6856の予測収益成長率 (年間12.1% ) は 貯蓄率 ( 0.8% ) を上回っています。収益対市場: 6856の収益 ( 12.1% ) はJP市場 ( 8.9% ) よりも速いペースで成長すると予測されています。高成長収益: 6856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: 6856の収益 ( 5.3% ) JP市場 ( 5.2% ) よりも速いペースで成長すると予測されています。高い収益成長: 6856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: 6856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2026/05/21 07:35終値2026/05/21 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
分析記事 • May 18HORIBA, Ltd. Just Recorded A 12% Revenue Beat: Here's What Analysts ThinkHORIBA, Ltd. ( TSE:6856 ) defied analyst predictions to release its first-quarter results, which were ahead of market...
Price Target Changed • May 16Price target increased by 12% to JP¥22,786Up from JP¥20,357, the current price target is an average from 7 analysts. New target price is 11% below last closing price of JP¥25,525. Stock is up 151% over the past year. The company is forecast to post earnings per share of JP¥1,086 for next year compared to JP¥883 last year.
Price Target Changed • Mar 03Price target increased by 8.0% to JP¥19,167Up from JP¥17,750, the current price target is an average from 6 analysts. New target price is 5.6% below last closing price of JP¥20,305. Stock is up 110% over the past year. The company is forecast to post earnings per share of JP¥1,013 for next year compared to JP¥883 last year.
分析記事 • Feb 15The HORIBA, Ltd. (TSE:6856) Yearly Results Are Out And Analysts Have Published New ForecastsInvestors in HORIBA, Ltd. ( TSE:6856 ) had a good week, as its shares rose 2.6% to close at JP¥19,500 following the...
Price Target Changed • Dec 02Price target increased by 8.5% to JP¥14,917Up from JP¥13,750, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,535. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.
Price Target Changed • Nov 28Price target increased by 8.2% to JP¥14,500Up from JP¥13,400, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,455. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.
分析記事 • May 18HORIBA, Ltd. Just Recorded A 12% Revenue Beat: Here's What Analysts ThinkHORIBA, Ltd. ( TSE:6856 ) defied analyst predictions to release its first-quarter results, which were ahead of market...
Reported Earnings • May 17First quarter 2026 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2026 results: EPS: JP¥206 (up from JP¥193 in 1Q 2025). Revenue: JP¥84.5b (up 18% from 1Q 2025). Net income: JP¥8.66b (up 6.7% from 1Q 2025). Profit margin: 10% (down from 11% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 6.1%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings.
Price Target Changed • May 16Price target increased by 12% to JP¥22,786Up from JP¥20,357, the current price target is an average from 7 analysts. New target price is 11% below last closing price of JP¥25,525. Stock is up 151% over the past year. The company is forecast to post earnings per share of JP¥1,086 for next year compared to JP¥883 last year.
ライブニュース • May 16HORIBA Lifts 2026 Outlook With Sales Growth International Expansion and Dividend IncreaseHORIBA reported Q1 2026 sales up 17.6% year over year, mainly driven by its Energy & Environment and Materials & Semiconductor segments, and raised full-year profit guidance with net income and EPS both expected to grow more than 30%. The company plans to increase annual dividends and is expanding internationally with new subsidiaries in India and Australia. HORIBA also exceeded earnings expectations in a separate release, with EPS 6.13% above estimates and revenue 11.53% ahead of forecasts, supported by demand across all five business segments, including automotive testing and medical diagnostics. Taken together, the raised profit outlook, dividend plans and earnings beat point to management confidence in the current business mix and global expansion approach. For you, the key questions are how sustainable demand will be across cyclical areas like semiconductor and automotive testing, and whether the international build-out in India and Australia can be executed without pressuring margins.
Declared Dividend • Apr 11Final dividend 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 2.5%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (33% 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 39% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Buy Or Sell Opportunity • Apr 08Now 20% overvalued after recent price riseOver the last 90 days, the stock has risen 20% to JP¥19,735. The fair value is estimated to be JP¥16,429, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 6.9% over the last 3 years. Earnings per share has declined by 3.0%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings are also forecast to grow by 12% per annum over the same time period.
Reported Earnings • Mar 27Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥883 (up from JP¥799 in FY 2024). Revenue: JP¥333.1b (up 5.0% from FY 2024). Net income: JP¥37.1b (up 10% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 32% per year, which means it is well ahead of earnings.
Price Target Changed • Mar 03Price target increased by 8.0% to JP¥19,167Up from JP¥17,750, the current price target is an average from 6 analysts. New target price is 5.6% below last closing price of JP¥20,305. Stock is up 110% over the past year. The company is forecast to post earnings per share of JP¥1,013 for next year compared to JP¥883 last year.
分析記事 • Feb 15The HORIBA, Ltd. (TSE:6856) Yearly Results Are Out And Analysts Have Published New ForecastsInvestors in HORIBA, Ltd. ( TSE:6856 ) had a good week, as its shares rose 2.6% to close at JP¥19,500 following the...
Reported Earnings • Feb 14Full year 2025 earnings: Revenues and EPS in line with analyst expectationsFull year 2025 results: EPS: JP¥883 (up from JP¥799 in FY 2024). Revenue: JP¥333.1b (up 5.0% from FY 2024). Net income: JP¥37.1b (up 10% from FY 2024). Profit margin: 11% (in line with FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings.
お知らせ • Feb 12HORIBA, Ltd., Annual General Meeting, Mar 21, 2026HORIBA, Ltd., Annual General Meeting, Mar 21, 2026.
分析記事 • Dec 27HORIBA (TSE:6856) Is Increasing Its Dividend To ¥210.00The board of HORIBA, Ltd. ( TSE:6856 ) has announced that it will be paying its dividend of ¥210.00 on the 10th of...
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
Upcoming Dividend • Dec 22Upcoming dividend of JP¥210 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 10 March 2026. Payout ratio is a comfortable 27% and this is well supported by cash flows. Trailing yield: 1.8%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (1.7%).
Price Target Changed • Dec 02Price target increased by 8.5% to JP¥14,917Up from JP¥13,750, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,535. Stock is up 68% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.
Price Target Changed • Nov 28Price target increased by 8.2% to JP¥14,500Up from JP¥13,400, the current price target is an average from 6 analysts. New target price is approximately in line with last closing price of JP¥14,455. Stock is up 69% over the past year. The company is forecast to post earnings per share of JP¥876 for next year compared to JP¥799 last year.
分析記事 • Nov 18HORIBA, Ltd. Just Beat EPS By 18%: Here's What Analysts Think Will Happen NextHORIBA, Ltd. ( TSE:6856 ) just released its latest third-quarter results and things are looking bullish. HORIBA beat...
Reported Earnings • Nov 18Third quarter 2025 earnings: EPS and revenues exceed analyst expectationsThird quarter 2025 results: EPS: JP¥196 (up from JP¥161 in 3Q 2024). Revenue: JP¥81.3b (up 11% from 3Q 2024). Net income: JP¥8.24b (up 22% from 3Q 2024). Profit margin: 10% (in line with 3Q 2024). Revenue exceeded analyst estimates by 7.4%. Earnings per share (EPS) also surpassed analyst estimates by 18%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 30% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Nov 18Now 22% undervaluedOver the last 90 days, the stock has risen 27% to JP¥14,225. The fair value is estimated to be JP¥18,194, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 7.6% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 8.0% per annum over the same time period.
New Risk • Nov 17New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
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
分析記事 • Sep 03HORIBA (TSE:6856) Has Announced That It Will Be Increasing Its Dividend To ¥210.00The board of HORIBA, Ltd. ( TSE:6856 ) has announced that it will be paying its dividend of ¥210.00 on the 10th of...
分析記事 • Sep 02Is Now An Opportune Moment To Examine HORIBA, Ltd. (TSE:6856)?HORIBA, Ltd. ( TSE:6856 ), might not be a large cap stock, but it received a lot of attention from a substantial price...
Declared Dividend • Sep 02First half dividend of JP¥210 announcedShareholders will receive a dividend of JP¥210. Ex-date: 29th December 2025 Payment date: 10th March 2026 Dividend yield will be 2.6%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (32% cash payout ratio). The dividend has increased by an average of 16% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Aug 08Second quarter 2025 earnings: EPS exceeds analyst expectationsSecond quarter 2025 results: EPS: JP¥185 (up from JP¥146 in 2Q 2024). Revenue: JP¥77.1b (up 6.3% from 2Q 2024). Net income: JP¥7.75b (up 27% from 2Q 2024). Profit margin: 10% (up from 8.4% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10.0%. Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth.
分析記事 • Jul 20HORIBA, Ltd.'s (TSE:6856) Intrinsic Value Is Potentially 66% Above Its Share PriceKey Insights Using the 2 Stage Free Cash Flow to Equity, HORIBA fair value estimate is JP¥18,432 HORIBA is estimated to...
Upcoming Dividend • Jun 20Upcoming dividend of JP¥80.00 per shareEligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (1.9%).
分析記事 • Jun 12Investors Will Want HORIBA's (TSE:6856) Growth In ROCE To PersistIf we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...
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
Reported Earnings • May 20First quarter 2025 earnings released: EPS: JP¥193 (vs JP¥167 in 1Q 2024)First quarter 2025 results: EPS: JP¥193 (up from JP¥167 in 1Q 2024). Revenue: JP¥71.9b (up 2.3% from 1Q 2024). Net income: JP¥8.11b (up 15% from 1Q 2024). Profit margin: 11% (up from 10.0% in 1Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth.
Declared Dividend • Apr 11Final dividend of JP¥80.00 announcedShareholders will receive a dividend of JP¥80.00. Ex-date: 27th June 2025 Payment date: 2nd September 2025 Dividend yield will be 3.0%, which is higher than the industry average of 1.4%. Sustainability & Growth Dividend is covered by both earnings (37% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 16% 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.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥7,972, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Electronic industry in Japan. Total returns to shareholders of 47% over the past three years.
Reported Earnings • Apr 05Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: JP¥799 (down from JP¥954 in FY 2023). Revenue: JP¥317.4b (up 9.2% from FY 2023). Net income: JP¥33.6b (down 17% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
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.
Reported Earnings • Feb 15Full year 2024 earnings: Revenues and EPS in line with analyst expectationsFull year 2024 results: EPS: JP¥799 (down from JP¥954 in FY 2023). Revenue: JP¥317.4b (up 9.2% from FY 2023). Net income: JP¥33.6b (down 17% from FY 2023). Profit margin: 11% (down from 14% in FY 2023). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year and the company’s share price has also increased by 13% per year.
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.
Upcoming Dividend • Dec 20Upcoming dividend of JP¥165 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 04 March 2025. Payout ratio is a comfortable 37% and the cash payout ratio is 86%. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (1.6%).
Price Target Changed • Dec 19Price target decreased by 11% to JP¥12,933Down from JP¥14,475, the current price target is an average from 6 analysts. New target price is 45% above last closing price of JP¥8,920. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥809 for next year compared to JP¥954 last year.
Price Target Changed • Dec 05Price target decreased by 8.3% to JP¥13,771Down from JP¥15,025, the current price target is an average from 7 analysts. New target price is 59% above last closing price of JP¥8,661. Stock is down 12% over the past year. The company is forecast to post earnings per share of JP¥796 for next year compared to JP¥954 last year.
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
Reported Earnings • Nov 19Third quarter 2024 earnings: EPS and revenues miss analyst expectationsThird quarter 2024 results: EPS: JP¥161 (down from JP¥188 in 3Q 2023). Revenue: JP¥73.2b (up 5.2% from 3Q 2023). Net income: JP¥6.77b (down 15% from 3Q 2023). Profit margin: 9.2% (down from 11% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 6.3%. Earnings per share (EPS) also missed analyst estimates by 28%. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Electronic industry in Japan. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth.
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 JP¥8,000, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 21% 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 10Dividend 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 2.8%, 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.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 26%After last week's 26% share price decline to JP¥8,689, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Electronic industry in Japan. Total returns to shareholders of 21% over the past three years.
Price Target Changed • Jun 15Price target increased by 9.7% to JP¥16,171Up from JP¥14,738, the current price target is an average from 7 analysts. New target price is 33% above last closing price of JP¥12,165. Stock is up 49% over the past year. The company is forecast to post earnings per share of JP¥888 for next year compared to JP¥954 last year.
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 18First quarter 2024 earnings: EPS misses analyst expectationsFirst 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 was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.3%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan. 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 26% 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.
Buy Or Sell Opportunity • May 15Now 30% undervalued after recent price dropOver the last 90 days, the stock has fallen 14% to JP¥13,035. The fair value is estimated to be JP¥18,512, 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 23% undervaluedOver the last 90 days, the stock has risen 17% to JP¥14,315. The fair value is estimated to be JP¥18,596, 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 1.8%, 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 28Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 4.4% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Electronic industry in Japan. 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 31% per year, which means it is significantly lagging earnings growth.
Buy Or Sell Opportunity • Mar 14Now 20% undervaluedOver the last 90 days, the stock has risen 39% to JP¥14,695. The fair value is estimated to be JP¥18,413, 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.
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.
Price Target Changed • Feb 29Price target increased by 7.6% to JP¥13,814Up from JP¥12,843, the current price target is an average from 7 analysts. New target price is 5.4% below last closing price of JP¥14,605. Stock is up 96% over the past year. The company is forecast to post earnings per share of JP¥841 for next year compared to JP¥954 last year.
Buy Or Sell Opportunity • Feb 28Now 20% undervaluedOver the last 90 days, the stock has risen 45% to JP¥14,465. The fair value is estimated to be JP¥18,105, 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 3.8% per annum. Earnings are also forecast to grow by 3.3% per annum over the same time period.
Buy Or Sell Opportunity • Feb 19Now 22% undervaluedOver the last 90 days, the stock has risen 53% to JP¥14,130. The fair value is estimated to be JP¥18,109, 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: EPS and revenues exceed analyst expectationsFull 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 exceeded analyst estimates by 3.3%. Earnings per share (EPS) also surpassed analyst estimates by 14%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Electronic industry in Japan. 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 29% per year, which means it is significantly lagging earnings growth.
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.
Price Target Changed • Feb 15Price target increased by 8.7% to JP¥11,586Up from JP¥10,657, the current price target is an average from 7 analysts. New target price is 24% below last closing price of JP¥15,170. Stock is up 112% over the past year. The company is forecast to post earnings per share of JP¥835 for next year compared to JP¥807 last year.
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.
New Risk • Jan 28New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.5% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.5% average weekly change).
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