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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  HORIBA, Ltd.    6856   JP3853000002

HORIBA, LTD.

(6856)
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HORIBA : 〔Summary〕〔Delayed〕Summary of Consolidated Financial Statements for the Six Months Ended June 30, 2020(Japanese GAAP)

08/18/2020 | 02:03am EST

Summary of Consolidated Financial Statements for the Six Months Ended June 30, 2020

(Japanese GAAP)

HORIBA, Ltd.

August 11, 2020

Company name

Listed stock exchanges: Tokyo

Listing code

6856

URL: https://www.horiba.com

Representative

Atsushi Horiba, Chairman & Group CEO

TEL: (81)75-313-8121

Contact

Junichi Tajika, Department Manager, Accounting Dept.

Scheduled date of start of interim dividend payment: September 1, 2020

(Figures have been rounded down to the nearest million yen)

1. Consolidated Results for the Six Months Ended June 30, 2020 (January 1, 2020 - June 30, 2020)

(1) Consolidated Operating Results

(Percentages represent changes from the corresponding in the previous year)

Net Sales

Operating Income

Ordinary Income

Net Income Attributable

to Owners of Parent

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Six months ended 6/30/20

84,975

-7.2

6,676

-19.4

6,776

-15.7

4,860

-15.8

Six months ended 6/30/19

91,607

-8.4

8,282

-41.1

8,040

-41.4

5,770

-45.1

(Note) Comprehensive Income:

FY2020Q2

705 million yen (-81.8)

FY2019Q2

3,877 million yen (-39.7)

Net Income Attributable

Net Income Attributable

to Owners of Parent per Share

to Owners of Parent per Share

(Diluted)

Yen

Yen

Six months ended 6/30/20

115.20

114.67

Six months ended 6/30/19

136.84

136.24

(2) Consolidated Financial Position

Total Assets

Net Assets

Shareholders'

Equity Ratio

Millions of yen

Millions of yen

As of 6/30/20

309,659

169,060

54.4

As of 12/31/19

315,133

171,615

54.3

(Reference) Net assets excluding subscription rights to shares and non-controlling interests:

As of 6/30/20 168,359 million yen

As of 12/31/19

170,953 million yen

2. Dividends

Dividend per Share

First

Second

Third

Year End

Total

Quarter

Quarter

Quarter

Yen

Yen

Yen

Yen

Yen

Year ended 12/31/19

-

50.00

-

80.00

130.00

Year ended 12/31/20

-

30.00

Year ending 12/31/20

(Forecast)

- 45.00 75.00

(Note) Changes in the latest dividend forecasts released: None

3. Consolidated Forecast for the Year Ending December 31, 2020 (January 1, 2020 - December 31, 2020)

(Percentages represent changes from the previous fiscal year)

Net Sales

Operating Income

Ordinary Income

Net Income Attributable

Net Income Attributable

to Owners of Parent

to Owners of Parent

per Share

Millions of yen

Millions of yen

Millions of yen

Millions of yen

Yen

Full year

188,000

-6.1

15,000

-28.3

14,500

-29.3

10,500

-32.2

248.83

(Note) Changes in the latest business forecasts released: Yes

1

HORIBA, Ltd. (Consolidated)

Notes

(1) Changes in significant subsidiaries during the period

(Changes in specified subsidiaries that caused a change in the scope of consolidation): None

(2)Application of the accounting method specific to quarterly consolidated financial statements: Yes

  1. Changes in accounting policies, accounting estimates and retrospective restatement
  • Changes in accounting policies associated with revision of accounting standards: None

Changes in accounting policies arising from other than the above: None

Changes in accounting estimates: None

Retrospective restatement: None

  1. Number of shares outstanding (common stock)

Shares issued (including treasury stock)

June 30, 2020

42,532,752

December 31, 2019

42,532,752

Treasury stock

June 30, 2020

335,405

December 31, 2019

356,524

Average number of outstanding shares

Jan. - Jun.,2020

42,188,329

Jan. - Jun., 2019

42,173,185

Note 1. This consolidated financial report is not subject to quarterly review by certified public accountants or accounting firms.

Note 2. Appropriate use of business forecasts and other important information

The forecasts of dividend amount and business performance contained in this report have been made based on certain future assumptions, outlooks, and plans which are available at the HORIBA Group as of August 11, 2020. However, due to risks and various uncertain factors such as future business operation policies, changes in the economic environment in Japan and overseas, fluctuation of currency rates, it is possible that actual performance would vary considerably from the forecasts.

2

HORIBA, Ltd. (Consolidated)

1. Qualitative Information Concerning Consolidated Results

  1. Information Concerning Consolidated Operating Results

(For details, see page 12, "3. Supplemental Information - HORIBA, Ltd. Financial Highlights for the Six Months Ended June 30, 2020")

During the Six months ended June 30, 2020 (the first half year), HORIBA, Ltd. ("the Company") and its consolidated subsidiaries (together "the HORIBA Group" or "HORIBA" as a consolidated group) decreased sales by 7.2% year-on-year to 84,975 million yen, due to decline in sales in mainly Automotive Test Systems segment while sales in the Semiconductor Instruments & Systems segment increase. Operating income decreased by 19.4% to 6,676 million yen, ordinary income by 15.7% to 6,776 million yen and net income attributable to owners of parent by 15.8% to 4,860 million yen.

The operating results of each business segment are summarized as follows.

(Automotive Test Systems)

Mainly due to the stagnation of corporate activities affected by the spread of COVID-19, segment sales decreased by 21.2% year-on-year to 27,108 million yen. As a result, operating loss of 269 million yen was recorded (compared to operating income of 1,599 million yen in the first six months of the previous year).

(Process & Environmental Instruments & Systems)

Mainly due to the stagnation of corporate activities affected by the spread of COVID-19, sales declined in Asia and Europe. As a result, segment sales decreased by 5.3% year-on-year to 8,673 million yen and operating income decreased by 33.8% to 439 million yen.

(Medical-Diagnostic Instruments & Systems)

The number of tests performed at hospitals decreased as the spread of COVID-19 led to a decrease in the number of patients who visit hospital. Consequently, segment sales decreased by 17.9% year- on-year to 10,402 million yen, and operating loss of 75 million yen was recorded (compared to operating income of 709 million yen in the first six months of the previous year).

(Semiconductor Instruments & Systems)

In response to a gradual recovery of semiconductor manufacturers' capital expenditures, driven by an increase in demand for semiconductors associated with the expansion of telework, digital business and others, sales to semiconductor production equipment manufacturers increased. As a result, segment sales increased by 20.8% year-on-year to 27,423 million yen and operating income increased by 18.9% to 6,418 million yen.

(Scientific Instruments & Systems)

Mainly due to the stagnation of corporate activities affected by the spread of COVID-19, segment sales decreased by 10.4% year-on-year to 11,367 million yen. On the profit side, operating income of 163 million yen was recorded, contributed by reduction mainly in selling expense (compared to operating loss of 90 million yen in the first six months of the previous year).

3

HORIBA, Ltd. (Consolidated)

  1. Information Concerning Consolidated Earnings Forecasts for FY2020 HORIBA's full year consolidated earnings forecast is as follows.
    Our assumption for the exchange rate has been changed from 110 yen to 107 yen against the US dollars. The exchange rate for the euro remains unchanged.

Consolidated forecast of full year FY2020

Amount : Millions of yen

Previous

Revised

Changes

Forecast

Forecast

(As of June 9)

(As of Aug. 11)

Net Sales

187,000

188,000

+1,000

Operating Income

15,000

15,000

-

Ordinary Income

14,500

14,500

-

Net Income Attributable

10,500

10,500

-

to Owners of Parent

Consolidated forecast of full year FY2020 by segment

Net Sales

Amount : Millions of yen

Operating Income

Amount : Millions of yen

Previous

Revised

Changes

Previous

Revised

Changes

Forecast

Forecast

Forecast

Forecast

(As of June 9)

(As of Aug. 11)

(As of June 9)

(As of Aug. 11)

Automotive

68,000

68,000

-

Automotive

500

500

-

Process &

17,500

17,500

-

Process &

500

500

-

Environmental

Environmental

Medical

23,000

22,000

-1,000

Medical

200

-

-200

Semiconductor

52,500

54,000

+1,500

Semiconductor

13,500

13,500

-

Scientific

26,000

26,500

+500

Scientific

300

500

+200

Total

187,000

188,000

+1,000

Total

15,000

15,000

-

In light of the progress achieved up to the second quarter of this year, the Semiconductor Instruments

  • Systems segment revised upward its sales forecast by 1,500 million yen. The Scientific Instruments
  • Systems segment also revised upward its sales and operating income forecasts by 500 million yen and 200 million yen respectively, by taking into account the recent order trend.
    The Medical-Diagnostic Instruments & Systems segment revised downward its sales and operating income forecast by 1,000 million yen and 200 million yen respectively, as the number of tests performed at hospitals is projected to continue declining in the second half year, along with an anticipated decrease in the number of patients who visit hospital because of the spread of COVID-19.

As a result, overall sales forecast has been revised upward by 1,000 million yen to 188,000 million yen, while forecasts for operating income, ordinary income, and net income attributable to owners of parent remain unchanged.

The dividend forecast for the current fiscal year remains unchanged.

4

HORIBA, Ltd. (Consolidated)

2. Consolidated Financial Statements and Notes

(1) Consolidated Balance Sheets

Amount : Millions of yen

FY2019

FY2020 first half

(As of December 31, 2019)

(As of June 30, 2020)

Assets

Current Assets:

Cash and bank deposits

95,646

102,569

Trade notes and accounts receivable

59,121

46,369

Marketable securities

3,079

1,845

Merchandise and finished goods

19,995

20,911

Work in process

17,690

20,035

Raw materials and supplies

13,927

14,122

Other current assets

7,889

7,975

Allowance for doubtful accounts

(796)

(796)

Total Current Assets

216,553

213,032

Fixed Assets:

Property, Plant and Equipment:

Buildings and structures, net

39,780

38,221

Machinery, equipment and vehicles, net

12,053

11,223

Land

15,177

14,908

Construction in progress

3,604

6,843

Other property, plant and equipment, net

5,313

4,982

Total Property, Plant and Equipment

75,929

76,179

Intangibles:

Goodwill

1,254

1,077

Software

2,734

2,506

Leasehold interests in land

548

513

Other intangibles

997

781

Total Intangibles

5,535

4,879

Investments and Other Non-Current Assets:

Investment securities

10,612

8,861

Net defined benefit asset

13

80

Deferred tax assets

3,605

3,778

Other investments and other assets

2,933

2,897

Allowance for doubtful accounts

(51)

(49)

Total Investments and Other Non-Current Assets

17,114

15,567

Total Fixed Assets

98,579

96,626

Total Assets

315,133

309,659

5

HORIBA, Ltd. (Consolidated)

Amount : Millions of yen

FY2019

FY2020 first half

(As of December 31, 2019)

(As of June 30, 2020)

Liabilities

Current Liabilities:

Trade notes and accounts payable

19,861

19,126

Short-term loans payable

8,495

9,098

Current portion of bonds

15,000

15,000

Accounts payable - other

16,164

13,099

Accrued income taxes

2,004

2,949

Advances Received

19,169

18,142

Accrued bonuses to employees

1,188

489

Accrued bonuses to directors and corporate auditors

-

279

Reserve for product warranty

2,369

2,586

Other current liabilities

4,218

5,010

Total Current Liabilities

88,472

85,782

Non-Current Liabilities:

Corporate bonds

30,000

30,000

Long-term loans payable

16,878

16,685

Deferred tax liabilities

613

197

Net defined benefit liability

2,017

2,066

Other non-current liabilities

5,534

5,866

Total Non-Current Liabilities

55,044

54,815

Total Liabilities

143,517

140,598

Net Assets

Shareholders' Equity

Common stock

12,011

12,011

Capital surplus

18,599

18,599

Retained earnings

141,689

143,160

Treasury stock

(1,405)

(1,322)

Total Shareholders' Equity

170,894

172,447

Accumulated Other Comprehensive Income

Net unrealized holding gains or losses on securities

4,344

3,157

Deferred gains or losses on hedges

0

0

Foreign currency translation adjustments

(4,042)

(7,036)

Remeasurements of defined benefit plans

(244)

(209)

Total Accumulated Other Comprehensive Income

58

(4,088)

Subscription Rights to Shares

651

697

Non-Controlling Interests

10

3

Total Net Assets

171,615

169,060

Total Liabilities and Net Assets

315,133

309,659

6

HORIBA, Ltd. (Consolidated)

  1. Consolidated Statements of Income and Consolidated Comprehensive Income Statements (Consolidated Statements of Income)

Amount : Millions of yen

FY2019 first half

FY2020 first half

(Six months ended

(Six months ended

June 30, 2019)

June 30, 2020)

Net Sales

91,607

84,975

Cost of Sales

53,077

49,906

Gross Income

38,530

35,069

Selling, General and Administrative Expenses

30,247

28,392

Operating Income

8,282

6,676

Non-Operating Income

Interest income

113

214

Dividend income

98

88

Subsidy income

34

173

Other

93

127

Total Non-Operating Income

339

604

Non-Operating Expense

Interest expense

234

209

Foreign exchange losses

259

248

Other

87

46

Total Non-Operating Expense

581

504

Ordinary Income

8,040

6,776

Extraordinary Gain

Gain on sales of fixed assets

111

18

Gain on sales of investment securities

-

554

Reversal of provision for loss on dissolution

137

-

of the employees'pension fund

Total Extraordinary Gain

248

573

Extraordinary Loss

Loss on sales of fixed assets

-

0

Loss on disposal of fixed assets

6

20

Loss on valuation of investment securities

-

9

Total Extraordinary Loss

6

29

Income before Income Taxes

8,282

7,319

Income taxes (current)

2,640

2,562

Income taxes (deferred)

(144)

(98)

Total Income Taxes

2,496

2,464

Net Income

5,786

4,855

Profit (loss) attributable to non-controlling interests

15

(4)

Net Income Attributable to Owners of Parent

5,770

4,860

7

HORIBA, Ltd. (Consolidated)

(Consolidated Statements of Comprehensive Income)

Amount : Millions of yen

FY2019 first half

FY2020 first half

(Six months ended

(Six months ended

June 30, 2019)

June 30, 2020)

Net Income

5,786

4,855

Other Comprehensive Income

Net unrealized holding gains or losses on securities

441

(1,187)

Deferred gains or losses on hedges

2

(0)

Foreign currency translation adjustments

(2,368)

(2,996)

Remeasurements of defined benefit plans

16

35

Total Other Comprehensive Income

(1,908)

(4,149)

Comprehensive Income

3,877

705

(Breakdown of comprehensive income)

Comprehensive income attributable to owners of parent

3,865

713

Comprehensive income attributable to non-controlling interests

12

(7)

8

HORIBA, Ltd. (Consolidated)

(3) Consolidated Statements of Cash Flows

Amount : Millions of yen

FY2019 first half

FY2020 first half

(Six months ended

(Six months ended

June 30, 2019)

June 30, 2020)

Cash Flows from Operating Activities:

Income before income taxes

8,282

7,319

Depreciation expense

4,169

4,612

Amortization of goodwill

101

159

Increase (decrease) in allowance for doubtful accounts

90

24

Increase (decrease) in net defined benefit liability

28

92

Interest and dividend income

(211)

(303)

Interest expense

234

209

Foreign exchange losses (gains)

20

178

Loss (gain) on sales of fixed assets

(111)

(18)

Loss on disposal of fixed assets

6

20

Loss (gain) on valuation of investment securities

-

9

Loss (gain) on sales of investment securities

-

(554)

Decrease (increase) in trade notes and accounts receivable

8,134

11,826

Decrease (increase) in inventories

(1,558)

(4,010)

Increase (decrease) in trade notes and accounts payable

(3,728)

(403)

Other, net

2,415

(2,108)

Subtotal

17,875

17,054

Interest and dividends received

220

284

Interest paid

(243)

(232)

Income taxes (paid) refund

(4,003)

(1,720)

Net Cash Provided by (used in) Operating Activities

13,848

15,385

Cash Flows from Investing Activities:

Increase in time deposits

(1,873)

(628)

Decrease in time deposits

2,662

538

Payments for purchase of marketable securities

(1,400)

(1,000)

Proceeds from sales or redemption of marketable securities

1,868

1,700

Payments for purchase of property, plant and equipment

(4,951)

(6,029)

Proceeds from sales of property, plant and equipment

245

38

Payments for purchase of intangibles

(302)

(175)

Payments for purchase of investment securities

(8)

(30)

Proceeds from sales or redemption of investment securities

0

609

Payments of loans receivable

(13)

(40)

Collection of loans receivable

16

15

Other, net

(508)

0

Net Cash Provided by (used in) Investing Activities

(4,267)

(5,001)

9

HORIBA, Ltd. (Consolidated)

Amount : Millions of yen

FY2019 first half

FY2020 first half

(Six months ended

(Six months ended

June 30, 2019)

June 30, 2020)

Cash Flows from Financing Activities:

Net increase (decrease) in short-term borrowings

(1,617)

1,082

Increase in long-term debt

251

25

Repayments of long-term debt

(1,425)

(185)

Repayments on finance lease obligations

(467)

(648)

Net decrease (increase) of treasury stock

(0)

(0)

Cash dividends paid

(4,002)

(3,370)

Net Cash Provided by (used in) Financing Activities

(7,262)

(3,097)

Effect of Exchange Rate Changes on Cash and Cash Equivalents

(511)

(966)

Net Increase (Decrease) in Cash and Cash Equivalents

1,807

6,320

Cash and Cash Equivalents at Beginning of Period

62,837

96,064

Cash and Cash Equivalents at End of Period

64,644

102,385

10

HORIBA, Ltd. (Consolidated)

(4) Notes to Consolidated Financial Statements

Application of special accounting for preparing quarterly consolidated financial statement (Calculation method for tax expenses)

The Company and its domestic consolidated subsidiaries calculated income tax expenses by multiplying quarterly income before income taxes by reasonably estimated annual effective tax rate. This tax rate was reasonably estimated after applying the deferred tax accounting to the annual income before income taxes.

Additional information

"Leasehold interests in land", which was included in "Other intangibles" in "Intangibles" in the previous consolidated fiscal year, is presented separately from the first quarter of the current consolidated fiscal year, from the viewpoint of clarity in accounts classification. The Consolidated Financial Statements for the previous consolidated fiscal year have been reclassified to reflect this change.

As a result, in the Consolidated Balance Sheets for the previous consolidated fiscal year, the 1,546 million yen presented as "Other intangibles" in "Intangibles" has been reclassified as "Leasehold interests in land" of 548 million yen and "Other intangibles" of 997 million yen.

11

HORIBA, Ltd. (Consolidated)

3. Supplemental Information

HORIBA, Ltd. Financial Highlights for the Six Months Ended June 30, 2020

1. Consolidated Financial Results

12/2019

12/2020

Changes

Results

Results

1st half

1st half

Amount

Ratio

Net Sales

91,607

84,975

-6,631

-7.2%

Operating Income

8,282

6,676

-1,606

-19.4%

Operating Income Ratio

9.0%

7.9%

-1.1P

Ordinary Income

8,040

6,776

-1,263

-15.7%

Ordinary Income Ratio

8.8%

8.0%

-0.8P

Net Income Attributable

5,770

4,860

-910

-15.8%

to Owners of Parent

Net Income Ratio

6.3%

5.7%

-0.6P

US$

110.06

108.23

-1.83

Euro

124.32

119.31

-5.01

2. Consolidated Segment Results

12/2019

12/2020

Changes

Net Sales

Results

Results

1st half

1st half

Amount

Ratio

Automotive

34,381

27,108

-7,272

-21.2%

Process&Environmental

9,161

8,673

-488

-5.3%

Medical

12,667

10,402

-2,264

-17.9%

Semiconductor

22,705

27,423

+4,717

+20.8%

Scientific

12,691

11,367

-1,324

-10.4%

Total

91,607

84,975

-6,631

-7.2%

12/2019

12/2020

Changes

Operating Income

Results

Results

1st half

1st half

Amount

Ratio

Automotive

1,599

(269)

-1,869

-

Process&Environmental

663

439

-224

-33.8%

Medical

709

(75)

-784

-

Semiconductor

5,399

6,418

+1,018

+18.9%

Scientific

(90)

163

+253

-

Total

8,282

6,676

-1,606

-19.4%

Amount: Millions of yen

12/2019

12/2020

Changes

Result

Forecasts

Full year

Full year

Amount

Ratio

200,241

188,000

-12,241

-6.1%

20,916

15,000

-5,916

-28.3%

10.4%

8.0%

-2.4P

20,518

14,500

-6,018

-29.3%

10.2%

7.7%

-2.5P

15,481

10,500

-4,981

-32.2%

7.7%

5.6%

-2.1P

109.03

107.00

-2.03

122.03

120.00

-2.03

Amount: Millions of yen

12/2019

12/2020

Changes

Result

Forecasts

Full year

Full year

Amount

Ratio

81,042

68,000

-13,042

-16.1%

19,500

17,500

-2,000

-10.3%

25,335

22,000

-3,335

-13.2%

47,191

54,000

+6,808

+14.4%

27,170

26,500

-670

-2.5%

200,241

188,000

-12,241

-6.1%

12/2019

12/2020

Changes

Result

Forecasts

Full year

Full year

Amount

Ratio

6,454

500

-5,954

-92.3%

1,697

500

-1,197

-70.5%

1,302

-

-1,302

-100.0%

10,727

13,500

+2,772

+25.8%

734

500

-234

-31.9%

20,916

15,000

-5,916

-28.3%

12

HORIBA, Ltd. (Consolidated)

3. Consolidated Segment Sales by Destination

Amount: Millions of yen

12/2019

12/2020

Changes

12/2019

12/2020

Changes

Results

Results

Result

Forecasts

1st half

1st half

Amount

Ratio

Full year

Full year

Amount

Ratio

Automotive

34,381

27,108

-7,272

-21.2%

81,042

68,000

-13,042

-16.1%

Japan

10,528

9,174

-1,354

-12.9%

21,541

17,000

-4,541

-21.1%

Asia

9,096

6,945

-2,150

-23.6%

24,507

19,000

-5,507

-22.5%

Americas

4,372

2,214

-2,157

-49.3%

9,986

8,500

-1,486

-14.9%

Europe

10,383

8,773

-1,609

-15.5%

25,006

23,500

-1,506

-6.0%

Process&Environmental

9,161

8,673

-488

-5.3%

19,500

17,500

-2,000

-10.3%

Japan

4,900

4,934

+33

+0.7%

10,187

9,500

-687

-6.7%

Asia

1,874

1,540

-334

-17.8%

4,242

4,000

-242

-5.7%

Americas

1,152

1,168

+16

+1.4%

2,461

2,000

-461

-18.8%

Europe

1,234

1,029

-204

-16.6%

2,608

2,000

-608

-23.3%

Medical

12,667

10,402

-2,264

-17.9%

25,335

22,000

-3,335

-13.2%

Japan

3,107

2,764

-343

-11.0%

6,328

6,000

-328

-5.2%

Asia

2,726

2,034

-692

-25.4%

5,661

4,500

-1,161

-20.5%

Americas

2,642

1,958

-683

-25.9%

5,080

4,000

-1,080

-21.3%

Europe

4,190

3,646

-544

-13.0%

8,265

7,500

-765

-9.3%

Semiconductor

22,705

27,423

+4,717

+20.8%

47,191

54,000

+6,808

+14.4%

Japan

8,067

9,501

+1,433

+17.8%

16,790

20,000

+3,209

+19.1%

Asia

9,935

13,071

+3,136

+31.6%

21,251

25,000

+3,748

+17.6%

Americas

2,995

3,556

+560

+18.7%

6,030

6,000

-30

-0.5%

Europe

1,706

1,294

-412

-24.2%

3,118

3,000

-118

-3.8%

Scientific

12,691

11,367

-1,324

-10.4%

27,170

26,500

-670

-2.5%

Japan

3,536

3,016

-520

-14.7%

7,321

6,000

-1,321

-18.1%

Asia

3,007

2,658

-349

-11.6%

6,796

7,500

+703

+10.3%

Americas

3,525

3,237

-287

-8.2%

7,520

7,500

-20

-0.3%

Europe

2,621

2,453

-167

-6.4%

5,531

5,500

-31

-0.6%

Total

91,607

84,975

-6,631

-7.2%

200,241

188,000

-12,241

-6.1%

Japan

30,141

29,390

-751

-2.5%

62,169

58,500

-3,669

-5.9%

Asia

26,641

26,251

-389

-1.5%

62,460

60,000

-2,460

-3.9%

Americas

14,688

12,135

-2,552

-17.4%

31,079

28,000

-3,079

-9.9%

Europe

20,136

17,198

-2,938

-14.6%

44,532

41,500

-3,032

-6.8%

13

HORIBA, Ltd. (Consolidated)

5. Consolidated Financial Results (Quarterly Comparison)

Amount: Millions of yen

12/2019 Results

12/2020

1Q

2Q

3Q

4Q

1Q Results

2Q Results

2H Forecasts

Net Sales

45,320

46,287

45,422

63,211

44,997

39,978

103,024

Operating Income

4,434

3,848

3,722

8,910

3,895

2,781

8,323

Operating Income Ratio

9.8%

8.3%

8.2%

14.1%

8.7%

7.0%

8.1%

Ordinary Income

4,303

3,737

3,517

8,960

3,906

2,870

7,723

Ordinary Income Ratio

9.5%

8.1%

7.7%

14.2%

8.7%

7.2%

7.5%

Net Income Attributable

2,561

3,209

2,655

7,055

2,287

2,573

5,639

to Owners of Parent

Net Income Ratio

5.7%

6.9%

5.8%

11.2%

5.1%

6.4%

5.5%

US$

110.22

109.90

107.24

108.76

108.86

107.60

105.77

Euro

125.16

123.48

119.22

120.26

120.08

118.54

120.69

6. Consolidated Segment Results (Quarterly Comparison)

Amount: Millions of yen

Net Sales

12/2019 Results

12/2020

1Q

2Q

3Q

4Q

1Q Results

2Q Results

2H Forecasts

Automotive

16,242

18,138

17,705

28,956

14,870

12,238

40,891

Process&Environmental

4,791

4,369

4,709

5,628

4,595

4,078

8,826

Medical

6,307

6,359

6,036

6,632

5,749

4,653

11,597

Semiconductor

11,548

11,157

10,837

13,647

13,847

13,576

26,576

Scientific

6,429

6,261

6,132

8,346

5,935

5,431

15,132

Total

45,320

46,287

45,422

63,211

44,997

39,978

103,024

Operating Income

12/2019 Results

12/2020

1Q

2Q

3Q

4Q

1Q Results

2Q Results

2H Forecasts

Automotive

905

694

1,199

3,655

322

(591)

769

Process&Environmental

470

193

312

721

250

188

60

Medical

208

501

339

252

156

(231)

75

Semiconductor

2,752

2,647

2,037

3,290

3,241

3,177

7,081

Scientific

98

(188)

(167)

991

(75)

238

336

Total

4,434

3,848

3,722

8,910

3,895

2,781

8,323

Contact

Investor Relations, Corporate Control Dept, General Administration Division, HORIBA, Ltd. 2, Miyanohigashi-cho, Kisshoin, Minami-ku, Kyoto 601-8510, Japan

E-mail:ir-info@horiba.com

14

HORIBA, Ltd. (Consolidated)

Disclaimer

Horiba Ltd. published this content on 18 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 August 2020 06:02:10 UTC


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Sales 2020 188 B 1 800 M 1 800 M
Net income 2020 12 176 M 117 M 117 M
Net cash 2020 33 539 M 321 M 321 M
P/E ratio 2020 19,2x
Yield 2020 1,55%
Capitalization 236 B 2 254 M 2 257 M
EV / Sales 2020 1,08x
EV / Sales 2021 0,98x
Nbr of Employees 8 288
Free-Float 89,7%
Chart HORIBA, LTD.
Duration : Period :
HORIBA, Ltd. Technical Analysis Chart | 6856 | JP3853000002 | MarketScreener
Technical analysis trends HORIBA, LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 6 591,25 JPY
Last Close Price 5 590,00 JPY
Spread / Highest target 52,1%
Spread / Average Target 17,9%
Spread / Lowest Target -8,77%
EPS Revisions
Managers
NameTitle
Atsushi Horiba Chairman & Group Chief Executive Officer
Masayuki Adachi President & Representative Director
Juichi Saito Vice Chairman & Group Chief Operating Officer
Sunao Kikkawa General Manager-Finance & Control Division
Masahiro Sugita Independent Outside Director
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