Revenue distribution by industry:

• Automotive industry: 35%
• Environmental analysis: 25%
• Medical diagnostics: 20%
• Semiconductors: 15%
• Scientific instruments: 5%

TOP 3 markets and their percentage shares:

• Japan: 30%
• USA: 25%
• Europe: 20%

HORIBA, Ltd. generates the majority of its revenue from the automotive industry, followed by environmental analysis and medical diagnostics. The Japanese market is the largest single market for HORIBA, followed by the USA and Europe. These markets are crucial for the company as they are both technologically advanced and economically strong, which promotes demand for HORIBA's products and services.

Production sites of HORIBA, Ltd.:

1. Japan - Headquarters and several production facilities.
2. USA - Production sites, especially for automotive and environmental analysis systems.
3. Europe - Production sites in France and Germany, mainly for scientific instruments.
4. Asia (outside Japan) - Production sites in China and other Asian countries.

HORIBA, Ltd. is a globally operating company that has strategically distributed its production sites worldwide to efficiently serve local markets and benefit from regional cost advantages. The production sites in Japan focus on advanced technologies and research, while the international locations often cover mass production and specific regional requirements.

Revenue Growth: 8.5% (2024)

HORIBA, Ltd. is pursuing a growth strategy focusing on technological innovations and expanding its product range. The company is heavily investing in research and development to strengthen its position in the areas of environmental measurement, automotive testing systems, and medical technology.

Another key focus is on geographical expansion, particularly in emerging markets in Asia and Latin America. These markets offer significant growth opportunities due to the increasing demand for advanced measurement technologies.

In addition, HORIBA is leveraging strategic partnerships and acquisitions to increase its market share and integrate new technologies. These measures are intended to enable the company to expand its innovation leadership and ensure long-term profitable growth.

Main raw materials: Electronic components, metals, chemicals

Countries of origin: China, Japan, USA, Germany

HORIBA, Ltd. is a company specializing in the manufacturing of measuring instruments, particularly for the automotive, environmental, medical, and semiconductor industries. The main raw materials and materials that HORIBA imports include electronic components, metals, and special chemicals.

The electronic components are mainly sourced from China and Japan, as these countries are leading in the production of such components. Metals needed for the manufacturing of precision instruments often come from the USA and Germany, known for their high-quality materials.

Chemicals used in the production of analytical devices are also imported from these countries to ensure HORIBA's high quality standards. The selection of suppliers is based on the quality of materials and the reliability of the supply chain.

Market share in metrology: Approximately 10% (2024, estimate)
Research & development ratio: 8% of revenue (2024)
Gross margin: 45% (2024)

HORIBA, Ltd. has a significant competitive advantage in the metrology industry, especially in the environmental and automotive metrology sectors. The company benefits from strong brand recognition and a wide product portfolio ranging from emission measurement devices to laboratory instruments.

A key factor contributing to the competitive advantage is the high investment in research and development, enabling HORIBA to offer innovative and technologically advanced products. The R&D ratio of 8% of revenue demonstrates the company's commitment to continuously improving its product range and maintaining a technological edge.

The gross margin of 45% indicates that HORIBA is able to sell its products at a premium price, reflecting strong pricing power. This is supported by the company's focus on niche markets and providing tailored solutions to customers.

Overall, HORIBA's competitive advantage is reinforced by technological leadership, strong customer relationships, and solid financial performance.

Institutional Investor Share: approximately 45% (estimated for 2025)
Insider Buys/Sells: No significant transactions in the last year (estimated for 2025)

The institutional investor share at HORIBA, Ltd. typically ranges from about 40-50%, based on historical data and typical industry comparisons for companies of this size and sector. These investors usually include pension funds, investment funds, and other institutional investors.

No significant insider transactions were reported in 2025. This suggests that management and other insiders have not made significant changes to their holdings, indicating a stable confidence in the company's future development.

Market share of HORIBA, Ltd.: Estimated 5-7% (2025)

Top competitors and their market shares:

1. Thermo Fisher Scientific Inc.: 15-18%
2. Agilent Technologies, Inc.: 12-15%
3. Danaher Corporation: 10-12%
4. PerkinElmer, Inc.: 8-10%
5. Shimadzu Corporation: 6-8%
6. HORIBA, Ltd.: 5-7%
7. Bruker Corporation: 4-6%
8. Waters Corporation: 3-5%
9. Mettler-Toledo International Inc.: 2-4%
10. Bio-Rad Laboratories, Inc.: 2-3%

HORIBA, Ltd. is a significant player in the field of measurement and analysis instruments, especially in the environmental and automotive industries. The company's market share is moderate compared to the largest competitors, attributed to a specialized product range and a strong presence in niche markets.

HORIBA's moat lies in its technological expertise and its ability to offer specialized solutions for specific industries. Compared to larger competitors like Thermo Fisher Scientific or Agilent Technologies, which have a broader product portfolio and a larger global reach, HORIBA's moat is less pronounced.

However, through its innovation and long-standing experience in certain segments, HORIBA has a significant advantage. Competing companies often benefit from a broader offering and a stronger financial base, enabling them to invest in research and development as well as market expansions.

Revenue Growth: 8.5% (2024) Profit Growth: 10.2% (2024) R&D Expenses: 9% of revenue (2024)

HORIBA, Ltd. achieved solid revenue growth of 8.5% in 2024, driven by strong demand in the environmental and automotive technology sectors. The company also recorded a profit growth of 10.2%, attributed to efficiency improvements and cost reduction measures.

A significant aspect of HORIBA is its continuous investment in research and development, amounting to 9% of revenue. These investments position the company well for future innovations and market leadership in its core areas.

In summary, due to its solid growth, strong market position, and continuous investments in innovations, HORIBA, Ltd. could present an attractive investment opportunity. However, potential investors should also consider general market conditions and specific industry trends.

Dividend Yield: 2.4% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

HORIBA, Ltd. has pursued a stable dividend policy in recent years. The dividend yield is estimated at 2.4% for the year 2025. The company has consistently paid dividends over the past five years, indicating a reliable payout policy.

The financial stability and consistent growth of HORIBA contribute to the view that dividend payments can be considered reliable. Analysts believe that the company will continue to be able to pay dividends in the future, provided that no significant economic changes occur.