HORIBA (6856) Q3 2026 earnings summary

Executive summary

• 9M 2026 net sales ¥281.659B, up 22.3% YoY; operating income ¥50.673B, up 51.2%, and attributable net income ¥36.345B, up 50.8%.

• Growth was led by Materials & Semiconductor, while Energy & Environment and Bio & Healthcare reported lower operating income than sales growth.

Financial highlights

• 9M net sales rose to ¥281.659B from ¥230.245B; gross income was ¥127.100B vs ¥102.059B.

• Operating income was ¥50.673B, ordinary income ¥52.172B, and attributable net income ¥36.345B; YoY increases were 51.2%, 51.8%, and 50.8%, respectively.

• Comprehensive income reached ¥40.561B vs ¥20.205B; 2026 included ¥3.528B in net unrealized securities gains and ¥810M in foreign currency translation gains.

Outlook and guidance

• FY2026 forecast: net sales ¥392.5B (+17.8%), operating income ¥73B (+37.6%), ordinary income ¥74B (+36.5%), and attributable net income ¥51.5B (+38.8%).

• FY2026 forecast operating margin is 18.6%, ordinary income ratio 18.9%, and net income ratio 13.1%.

• FY2026 forecast exchange rates are ¥155/US$ and ¥180/€; forecast net income per share is ¥1,225.56.

• Q4 forecasts: sales ¥110.840B, operating income ¥22.326B, and attributable net income ¥15.154B.