Canlı Haberler • 13h
Horiba Lifts 2026 Forecast After Q1 Sales Jump and Announces Global Expansion Plans Horiba reported Q1 2026 sales that were 17.6% higher year over year, with Energy & Environment and Materials & Semiconductor as key contributors.
Management raised full-year 2026 guidance, now expecting net income and earnings per share to be more than 30% higher than previously guided.
The company plans to increase annual dividends and is expanding globally with new subsidiaries in India and Australia.
The combination of stronger quarterly performance, an upgraded profit outlook, and a higher dividend suggests greater management confidence in the current business momentum and earnings quality.
Investors may also want to watch how efficiently Horiba scales its new operations in India and Australia, since execution and integration risks can affect margins and cash flow. Reported Earnings • May 17
First quarter 2026 earnings: EPS and revenues exceed analyst expectations First 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 16
Price target increased by 12% to JP¥22,786 Up 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. Declared Dividend • Apr 11
Final dividend of JP¥150 announced Shareholders 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 08
Now 20% overvalued after recent price rise Over 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 27
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full 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 03
Price target increased by 8.0% to JP¥19,167 Up 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. Reported Earnings • Feb 14
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full 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. Duyuru • Feb 12
HORIBA, Ltd., Annual General Meeting, Mar 21, 2026 HORIBA, Ltd., Annual General Meeting, Mar 21, 2026. Duyuru • Dec 27
HORIBA, Ltd. to Report Fiscal Year 2025 Results on Feb 12, 2026 HORIBA, Ltd. announced that they will report fiscal year 2025 results on Feb 12, 2026 Upcoming Dividend • Dec 22
Upcoming dividend of JP¥210 per share Eligible 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 02
Price target increased by 8.5% to JP¥14,917 Up 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 28
Price target increased by 8.2% to JP¥14,500 Up 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. Reported Earnings • Nov 18
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third 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 18
Now 22% undervalued Over 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 17
New minor risk - Share price stability The 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). Duyuru • Sep 04
HORIBA, Ltd. to Report Q3, 2025 Results on Nov 14, 2025 HORIBA, Ltd. announced that they will report Q3, 2025 results on Nov 14, 2025 Declared Dividend • Sep 02
First half dividend of JP¥210 announced Shareholders 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 08
Second quarter 2025 earnings: EPS exceeds analyst expectations Second 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. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥80.00 per share Eligible 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%). Duyuru • Jun 05
HORIBA, Ltd. to Report Q2, 2025 Results on Aug 07, 2025 HORIBA, Ltd. announced that they will report Q2, 2025 results on Aug 07, 2025 Reported Earnings • May 20
First 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 11
Final dividend of JP¥80.00 announced Shareholders 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 07
Investor 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 05
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full 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. Duyuru • Mar 27
HORIBA, Ltd. to Report Q1, 2025 Results on May 15, 2025 HORIBA, Ltd. announced that they will report Q1, 2025 results on May 15, 2025 Duyuru • Mar 18
HORIBA IRLAM Technology Receives U.S. EPA Approval for Measuring NOx Emissions in Engine and Vehicle Certification HORIBA 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. Reported Earnings • Feb 15
Full year 2024 earnings: Revenues and EPS in line with analyst expectations Full 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. Duyuru • Feb 14
HORIBA, Ltd. Approves Special Dividend for the Fiscal Year Ended December 31, 2024, Payable on March 10, 2025 HORIBA, 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. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥165 per share Eligible 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 19
Price target decreased by 11% to JP¥12,933 Down 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 05
Price target decreased by 8.3% to JP¥13,771 Down 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. Duyuru • Dec 03
HORIBA, Ltd. to Report Fiscal Year 2024 Results on Feb 13, 2025 HORIBA, Ltd. announced that they will report fiscal year 2024 results on Feb 13, 2025 Reported Earnings • Nov 19
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third 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. Duyuru • Nov 16
HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year Ending December 31, 2024 HORIBA, 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 14
Investor 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. Duyuru • Nov 13
HORIBA, Ltd. Revises Dividend Guidance for the Fiscal Year 2024 HORIBA, 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. Duyuru • Aug 27
HORIBA, Ltd. to Report Q3, 2024 Results on Nov 13, 2024 HORIBA, Ltd. announced that they will report Q3, 2024 results on Nov 13, 2024 Duyuru • Aug 13
HORIBA, Ltd. Provides Consolidated Earnings Guidance for the Full Year of Fiscal Year Ending December 31, 2024 HORIBA, 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 10
Dividend of JP¥185 announced Shareholders 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 05
Investor 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 15
Price target increased by 9.7% to JP¥16,171 Up 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. Duyuru • Jun 02
HORIBA, Ltd. to Report Q2, 2024 Results on Aug 08, 2024 HORIBA, Ltd. announced that they will report Q2, 2024 results on Aug 08, 2024 Reported Earnings • May 18
First quarter 2024 earnings: EPS misses analyst expectations 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 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. Buy Or Sell Opportunity • May 15
Now 30% undervalued after recent price drop Over 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 19
Now 23% undervalued Over 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 11
Final dividend of JP¥80.00 announced Shareholders 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. Duyuru • Mar 28
HORIBA, Ltd. to Report Q1, 2024 Results on May 14, 2024 HORIBA, Ltd. announced that they will report Q1, 2024 results on May 14, 2024 Reported Earnings • Mar 28
Full year 2023 earnings: EPS and revenues exceed analyst expectations 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 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 14
Now 20% undervalued Over 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. Duyuru • Feb 29
HORIBA, Ltd. Provides Earnings Guidance for the Year 2028 HORIBA, 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 29
Price target increased by 7.6% to JP¥13,814 Up 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 28
Now 20% undervalued Over 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 19
Now 22% undervalued Over 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. Duyuru • Feb 16
HORIBA, Ltd., Annual General Meeting, Mar 23, 2024 HORIBA, Ltd., Annual General Meeting, Mar 23, 2024. Reported Earnings • Feb 16
Full year 2023 earnings: EPS and revenues exceed analyst expectations 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 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. Duyuru • Feb 15
HORIBA, 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 15
Price target increased by 8.7% to JP¥11,586 Up 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. Duyuru • Feb 14
Horiba, Ltd. Announces Year End Dividend for 2023 , Payable on March 4, 2024 HORIBA, 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 28
New minor risk - Share price stability The 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). Duyuru • Dec 28
HORIBA, Ltd. to Report Fiscal Year 2023 Results on Feb 14, 2024 HORIBA, Ltd. announced that they will report fiscal year 2023 results on Feb 14, 2024