HORIBA, Ltd. (TYO: 6856)

HORIBA Income Statement

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

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	302,173	290,558	270,133	224,314	187,080	200,241
Revenue Growth (YoY)	5.55%	7.56%	20.43%	19.90%	-6.57%	-4.91%
Cost of Revenue	168,857	163,174	153,459	131,091	110,648	117,624
Gross Profit	133,316	127,384	116,674	93,223	76,432	82,617
Selling, General & Admin	64,876	59,722	52,223	44,372	40,893	45,337
Research & Development	20,436	20,436	18,585	16,710	15,594	16,254
Operating Expenses	85,240	80,086	70,830	61,175	56,737	61,701
Operating Income	48,076	47,298	45,844	32,048	19,695	20,916
Interest Expense	-828	-722	-657	-516	-466	-650
Interest & Investment Income	2,745	2,199	849	388	450	422
Currency Exchange Gain (Loss)	-888	-948	211	-245	-444	-439
Other Non Operating Income (Expenses)	286	423	612	362	164	267
EBT Excluding Unusual Items	49,391	48,250	46,859	32,037	19,399	20,516
Gain (Loss) on Sale of Investments	318	6,594	25	134	554	9
Gain (Loss) on Sale of Assets	36	38	518	26	54	113
Asset Writedown	-55	-59	-132	-1,731	-51	-44
Other Unusual Items	-1,122	-1,121	1	-264	-1,135	138
Pretax Income	48,568	53,702	47,271	30,202	18,821	20,732
Income Tax Expense	14,127	13,400	13,199	8,891	5,634	5,225
Earnings From Continuing Operations	34,441	40,302	34,072	21,311	13,187	15,507
Minority Interest in Earnings	3	-	-	-	1	-26
Net Income	34,444	40,302	34,072	21,311	13,188	15,481
Net Income to Common	34,444	40,302	34,072	21,311	13,188	15,481
Net Income Growth	-17.67%	18.28%	59.88%	61.59%	-14.81%	-30.62%
Shares Outstanding (Basic)	42	42	42	42	42	42
Shares Outstanding (Diluted)	42	42	42	42	42	42
Shares Change (YoY)	-0.12%	0.09%	0.05%	0.05%	0.07%	0.05%
EPS (Basic)	816.65	953.71	807.05	505.04	312.57	367.07
EPS (Diluted)	812.41	948.83	802.89	502.46	311.09	365.44
EPS Growth	-17.57%	18.18%	59.79%	61.52%	-14.87%	-30.65%
Free Cash Flow	12,213	7,803	22,327	23,073	17,637	14,876
Free Cash Flow Per Share	288.05	183.71	526.12	543.99	416.04	351.15
Dividend Per Share	290.000	290.000	245.000	150.000	90.000	130.000
Dividend Growth	11.54%	18.37%	63.33%	66.67%	-30.77%	4.00%
Gross Margin	44.12%	43.84%	43.19%	41.56%	40.86%	41.26%
Operating Margin	15.91%	16.28%	16.97%	14.29%	10.53%	10.45%
Profit Margin	11.40%	13.87%	12.61%	9.50%	7.05%	7.73%
Free Cash Flow Margin	4.04%	2.69%	8.27%	10.29%	9.43%	7.43%
EBITDA	61,270	59,900	57,192	42,488	29,313	29,710
EBITDA Margin	20.28%	20.62%	21.17%	18.94%	15.67%	14.84%
D&A For EBITDA	13,194	12,602	11,348	10,440	9,618	8,794
EBIT	48,076	47,298	45,844	32,048	19,695	20,916
EBIT Margin	15.91%	16.28%	16.97%	14.29%	10.53%	10.45%
Effective Tax Rate	29.09%	24.95%	27.92%	29.44%	29.93%	25.20%

Source: S&P Capital IQ. Standard template. Financial Sources.