HORIBA Income Statement

Financials in millions JPY. Fiscal year is January - December.

Millions JPY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	333,081	317,369	290,558	270,133	224,314
Revenue Growth (YoY)	4.95%	9.23%	7.56%	20.43%	19.90%
Cost of Revenue	186,722	180,514	163,174	153,459	131,091
Gross Profit	146,359	136,855	127,384	116,674	93,223
Selling, General & Admin	93,318	65,220	59,722	52,223	44,372
Research & Development	-	22,980	20,436	18,585	16,710
Amortization of Goodwill & Intangibles	51	-	-	-	-
Operating Expenses	93,369	88,514	80,086	70,830	61,175
Operating Income	52,990	48,341	47,298	45,844	32,048
Interest Expense	-852	-924	-722	-657	-516
Interest & Investment Income	2,610	2,783	2,199	849	388
Currency Exchange Gain (Loss)	-990	-651	-948	211	-245
Other Non Operating Income (Expenses)	-185	620	423	612	362
EBT Excluding Unusual Items	53,573	50,169	48,250	46,859	32,037
Merger & Restructuring Charges	-1,342	-	-	-	-
Gain (Loss) on Sale of Investments	1	-	6,594	25	134
Gain (Loss) on Sale of Assets	-152	19	38	518	26
Asset Writedown	-998	-1,358	-59	-132	-1,731
Other Unusual Items	-3	-	-1,121	1	-264
Pretax Income	51,079	48,830	53,702	47,271	30,202
Income Tax Expense	13,969	15,233	13,400	13,199	8,891
Earnings From Continuing Operations	37,110	33,597	40,302	34,072	21,311
Minority Interest in Earnings	-20	-6	-	-	-
Net Income	37,090	33,591	40,302	34,072	21,311
Net Income to Common	37,090	33,591	40,302	34,072	21,311
Net Income Growth	10.42%	-16.65%	18.29%	59.88%	61.59%
Shares Outstanding (Basic)	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42
Shares Change (YoY)	-0.12%	-0.57%	0.09%	0.05%	0.05%
EPS (Basic)	883.48	799.44	953.71	807.05	505.04
EPS (Diluted)	879.27	795.34	948.83	802.89	502.46
EPS Growth	10.55%	-16.18%	18.18%	59.79%	61.52%
Free Cash Flow	29,108	22,183	7,803	22,327	23,073
Free Cash Flow Per Share	690.05	525.24	183.71	526.12	544.00
Dividend Per Share	290.000	245.000	290.000	245.000	150.000
Dividend Growth	18.37%	-15.52%	18.37%	63.33%	66.67%
Gross Margin	43.94%	43.12%	43.84%	43.19%	41.56%
Operating Margin	15.91%	15.23%	16.28%	16.97%	14.29%
Profit Margin	11.13%	10.58%	13.87%	12.61%	9.50%
Free Cash Flow Margin	8.74%	6.99%	2.69%	8.27%	10.29%
EBITDA	66,795	61,400	59,900	57,192	42,488
EBITDA Margin	20.05%	19.35%	20.62%	21.17%	18.94%
D&A For EBITDA	13,805	13,059	12,602	11,348	10,440
EBIT	52,990	48,341	47,298	45,844	32,048
EBIT Margin	15.91%	15.23%	16.28%	16.97%	14.29%
Effective Tax Rate	27.35%	31.20%	24.95%	27.92%	29.44%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.