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	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	305,758	290,558	270,133	224,314	187,080	200,241
Revenue Growth (YoY)	7.02%	7.56%	20.43%	19.90%	-6.57%	-4.91%
Cost of Revenue	169,868	163,174	153,459	131,091	110,648	117,624
Gross Profit	135,890	127,384	116,674	93,223	76,432	82,617
Selling, General & Admin	87,187	59,722	52,223	44,372	40,893	45,337
Research & Development	-	20,436	18,585	16,710	15,594	16,254
Operating Expenses	87,187	80,086	70,830	61,175	56,737	61,701
Operating Income	48,703	47,298	45,844	32,048	19,695	20,916
Interest Expense	-881	-722	-657	-516	-466	-650
Interest & Investment Income	2,803	2,199	849	388	450	422
Currency Exchange Gain (Loss)	-824	-948	211	-245	-444	-439
Other Non Operating Income (Expenses)	471	423	612	362	164	267
EBT Excluding Unusual Items	50,272	48,250	46,859	32,037	19,399	20,516
Gain (Loss) on Sale of Investments	-	6,594	25	134	554	9
Gain (Loss) on Sale of Assets	66	38	518	26	54	113
Asset Writedown	-1,309	-59	-132	-1,731	-51	-44
Other Unusual Items	-1,120	-1,121	1	-264	-1,135	138
Pretax Income	47,909	53,702	47,271	30,202	18,821	20,732
Income Tax Expense	14,667	13,400	13,199	8,891	5,634	5,225
Earnings From Continuing Operations	33,242	40,302	34,072	21,311	13,187	15,507
Minority Interest in Earnings	3	-	-	-	1	-26
Net Income	33,245	40,302	34,072	21,311	13,188	15,481
Net Income to Common	33,245	40,302	34,072	21,311	13,188	15,481
Net Income Growth	-17.59%	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)	-0.32%	0.09%	0.05%	0.05%	0.07%	0.05%
EPS (Basic)	789.70	953.71	807.05	505.04	312.57	367.07
EPS (Diluted)	785.54	948.83	802.89	502.46	311.09	365.44
EPS Growth	-17.33%	18.18%	59.79%	61.52%	-14.87%	-30.65%
Free Cash Flow	-	7,803	22,327	23,073	17,637	14,876
Free Cash Flow Per Share	-	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	44.44%	43.84%	43.19%	41.56%	40.86%	41.26%
Operating Margin	15.93%	16.28%	16.97%	14.29%	10.53%	10.45%
Profit Margin	10.87%	13.87%	12.61%	9.50%	7.05%	7.73%
Free Cash Flow Margin	-	2.69%	8.27%	10.29%	9.43%	7.43%
EBITDA	62,246	59,900	57,192	42,488	29,313	29,710
EBITDA Margin	20.36%	20.62%	21.17%	18.94%	15.67%	14.84%
D&A For EBITDA	13,543	12,602	11,348	10,440	9,618	8,794
EBIT	48,703	47,298	45,844	32,048	19,695	20,916
EBIT Margin	15.93%	16.28%	16.97%	14.29%	10.53%	10.45%
Effective Tax Rate	30.61%	24.95%	27.92%	29.44%	29.93%	25.20%

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