Horiba Ltd - Company Profile
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Business Description
Horiba Ltd (HORIBA) produces and markets instruments and systems for industrial applications. It provides precision instruments and custom-designed solutions across various industries, including automotive development, process and environmental monitoring, in-vitro diagnostics, semiconductor metrology, and scientific instrumentation.
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R&D Overview
Horiba is focusing on expanding its R&D initiatives across various fields, including life sciences, materials, semiconductors, and energy & environment. The company is leveraging its core technologies, such as spectroscopic analysis, to develop new products and solutions that address customer needs and contribute to technological innovation. Horiba is also enhancing its supply, technical, and proposal capabilities to drive innovation and meet the goals set out in its Mid-Long Term Management Plan, MLMAP2028. Horiba has consolidated its R&D departments into a unified "R&D function" to manage its research and development activities. This unit is responsible for fostering core technology development, integrating customer needs with the company's technologies to create innovative solutions, and promoting a global system to address market challenges and opportunities across its Three Fields. In FY2024, the company incurred an expense of JPY22,980 million on R&D, which as a percentage of sales stood at 7.2%.
Business Segments
Overview
Manufactures and sells automotive emission measurement systems. Includes products such as onboard emission measurement systems, emission measurement for in-use vehicles, engine test systems, brake test systems, fuel cell, electrolyzer evaluation systems, battery test systems, vehicle development engineering, and testing engineering. Products are used in the development of new gasoline, diesel, alternative fuel, and electrified powertrains, certification and quality control of completed and in-use vehicles, and development of engineering applications. Serves customers including automotive, research institutes, automotive component manufacturers, universities, and government agencies. The segment's strategy is to increase sales of emission measurement systems and invest in building an efficient business structure in the hydrogen-related field.
Performance
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Overview
Produces and sells medical diagnostic analyzers such as hematology analyzers, clinical chemistry analyzers, immunology analyzers, and blood glucose analyzers. Serves medical testing centers, small-to medium-sized hospitals, and physicians in private practice. Its products are used for diagnostic testing and medical checkups. The segment strategy aims to leverage currency depreciation to boost sales, despite challenges in specific product lines like hematology analyzers.
Performance
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Overview
Manufactures and sells a range of equipment, including air pollution analyzers, water quality analysis and examination systems, and process measurement equipment. Serves customers such as electric power companies, government agencies, and manufacturers. Its products are used in applications such as the measurement of drinking water, monitoring of production processes, wastewater, and gaseous emissions, and research and development. The segment strategy aims to increase sales through enhanced demand for process gas analyzers and water quality systems, despite challenges in Europe.
Performance
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Overview
Manufactures and sells a range of scientific analyzers and measuring equipment. Products include water quality analysis and examination systems, particle-size distribution analyzers, X-ray fluorescence analyzers, elemental analyzers, fluorescence spectroscopy, fluorescence lifetime spectroscopy, optical components, spectrometers and detectors, and gratings. Serves customers such as manufacturers, research institutions, universities, government agencies, and electric power companies. The segment's strategy is to increase sales of Raman spectrometers for advanced material analysis, particularly in Europe.
Performance
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Overview
Manufactures and sells products such as reticles, mask particle detection systems, residual gas analyzers, and vaporizers. Its products are primarily used by semiconductor production equipment manufacturers and semiconductor device manufacturers. The segment strategy aims to leverage growth in generative AI demand to increase sales, particularly in Asia.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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