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Price: 19 310 JPY 4.95% Market Closed

Market Cap: ¥815.5B

	Horiba Ltd TSE:6856	JP
	Amvis Holdings Inc TSE:7071	JP
C	CULT Food Science Corp CNSX:CULT	CA
	East Money Information Co Ltd SZSE:300059	CN
T	Titagarh Rail Systems Ltd NSE:TITAGARH	IN
Z	Ziel Home Furnishing Technology Co Ltd SZSE:301376	CN
	Pacific Textiles Holdings Ltd HKEX:1382	HK

Income Statement

Currency: JPY

	Jun-2004	Sep-2004	Dec-2004	Jun-2005	Sep-2005	Dec-2005	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Mar-2008	Jun-2008	Sep-2008	Mar-2009	Jun-2009	Sep-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	0	0	0	0	0	0	89	0	505	0	0	0	0	0	0	0	0	0	0	0	0	488	0	0	0	494	0	0	0	478	0	0	0	560	0	0	0	545	0	0	0	816	0	0	0	574	0	0	0	428	0	0	0	440	0	0	0	496	0	0	0	466	0	0	0	516	0	0	0	657	0	0	0	722	0	0	248	924	797	0	0	0
Revenue	62 081 N/A	62 538 +1%	66 444 +6%	67 188 +1%	68 973 +3%	71 555 +4%	77 658 +9%	87 483 +13%	116 099 +33%	150 213 +29%	155 874 +4%	156 441 +0%	97 805 -37%	97 375 0%	99 448 +2%	93 944 -6%	83 772 -11%	72 652 -13%	74 018 +2%	78 722 +6%	82 712 +5%	118 556 +43%	121 047 +2%	123 486 +2%	123 490 +0%	123 456 0%	123 670 +0%	120 380 -3%	118 654 -1%	117 609 -1%	116 825 -1%	120 336 +3%	127 043 +6%	138 136 +9%	142 768 +3%	146 388 +3%	146 907 +0%	153 065 +4%	162 744 +6%	166 215 +2%	172 378 +4%	171 916 0%	170 137 -1%	170 816 +0%	168 455 -1%	170 093 +1%	174 491 +3%	177 437 +2%	185 481 +5%	195 399 +5%	202 427 +4%	208 037 +3%	209 140 +1%	210 570 +1%	203 194 -4%	202 211 0%	201 570 0%	200 241 -1%	199 918 0%	193 609 -3%	193 001 0%	187 080 -3%	190 665 +2%	203 422 +7%	211 247 +4%	224 314 +6%	231 242 +3%	237 962 +3%	255 478 +7%	270 133 +6%	280 477 +4%	286 273 +2%	285 691 0%	290 558 +2%	294 956 +2%	302 173 +2%	305 758 +1%	317 369 +4%	318 994 +1%	323 592 +1%	331 735 +3%	333 081 +0%
Gross Profit
Cost of Revenue	(36 231)	(36 210)	(38 162)	(37 659)	(39 260)	(40 379)	(44 499)	(49 760)	(66 894)	(85 293)	(87 329)	(85 592)	(51 711)	(52 272)	(54 226)	(52 136)	(46 552)	(41 408)	(42 058)	(44 471)	(45 613)	(66 153)	(67 936)	(69 132)	(70 735)	(67 892)	(70 421)	(69 960)	(68 726)	(68 220)	(68 264)	(70 245)	(74 522)	(80 625)	(82 444)	(84 451)	(84 243)	(87 884)	(93 450)	(94 418)	(97 796)	(99 842)	(99 049)	(100 997)	(100 252)	(100 339)	(103 524)	(104 640)	(108 905)	(112 107)	(114 950)	(117 996)	(118 258)	(120 630)	(117 462)	(117 103)	(117 275)	(117 624)	(117 823)	(114 453)	(114 749)	(110 648)	(112 773)	(119 258)	(123 084)	(131 091)	(134 293)	(138 626)	(147 952)	(153 459)	(158 485)	(162 379)	(161 221)	(163 174)	(165 652)	(168 857)	(169 868)	(180 514)	(179 566)	(182 090)	(188 131)	(186 722)
Gross Profit	25 850 N/A	26 328 +2%	28 282 +7%	29 529 +4%	29 712 +1%	31 176 +5%	33 159 +6%	37 724 +14%	49 205 +30%	64 920 +32%	68 545 +6%	70 849 +3%	46 094 -35%	45 103 -2%	45 222 +0%	41 808 -8%	37 220 -11%	31 244 -16%	31 960 +2%	34 251 +7%	37 099 +8%	52 403 +41%	53 111 +1%	54 354 +2%	52 755 -3%	55 564 +5%	53 249 -4%	50 420 -5%	49 928 -1%	49 389 -1%	48 561 -2%	50 091 +3%	52 521 +5%	57 511 +10%	60 324 +5%	61 937 +3%	62 664 +1%	65 181 +4%	69 294 +6%	71 797 +4%	74 582 +4%	72 074 -3%	71 088 -1%	69 819 -2%	68 203 -2%	69 754 +2%	70 967 +2%	72 797 +3%	76 576 +5%	83 292 +9%	87 477 +5%	90 041 +3%	90 882 +1%	89 940 -1%	85 732 -5%	85 108 -1%	84 295 -1%	82 617 -2%	82 095 -1%	79 156 -4%	78 252 -1%	76 432 -2%	77 892 +2%	84 164 +8%	88 163 +5%	93 223 +6%	96 949 +4%	99 336 +2%	107 526 +8%	116 674 +9%	121 992 +5%	123 894 +2%	124 470 +0%	127 384 +2%	129 304 +2%	133 316 +3%	135 890 +2%	136 855 +1%	139 428 +2%	141 502 +1%	143 604 +1%	146 359 +2%
Operating Income
Operating Expenses	(21 054)	(21 129)	(21 680)	(22 293)	(22 790)	(23 443)	(25 316)	(27 798)	(37 882)	(49 430)	(52 215)	(53 911)	(36 677)	(36 770)	(37 060)	(34 179)	(32 585)	(29 575)	(29 872)	(29 124)	(29 326)	(40 102)	(39 692)	(39 858)	(38 545)	(40 657)	(37 848)	(37 030)	(37 671)	(37 638)	(38 097)	(39 673)	(41 381)	(43 778)	(45 561)	(46 517)	(47 574)	(47 967)	(48 468)	(49 226)	(51 282)	(51 932)	(52 756)	(52 917)	(51 289)	(51 255)	(51 455)	(52 375)	(54 124)	(56 458)	(57 629)	(58 851)	(60 783)	(61 102)	(61 659)	(62 045)	(61 329)	(61 701)	(61 718)	(59 846)	(58 373)	(56 738)	(56 157)	(58 077)	(59 578)	(61 177)	(62 234)	(64 099)	(66 768)	(70 831)	(74 304)	(76 473)	(78 699)	(80 088)	(82 449)	(85 243)	(87 189)	(88 515)	(89 342)	(89 884)	(91 653)	(93 319)
Selling, General & Administrative	(20 880)	(21 009)	(21 623)	(22 261)	(22 783)	(23 443)	(25 316)	(26 279)	(34 906)	(46 454)	(43 646)	(52 454)	(36 677)	(36 060)	(37 060)	(32 002)	(34 043)	(22 430)	(22 545)	(21 904)	(22 147)	(30 622)	(32 571)	(32 775)	(33 721)	(30 597)	(35 325)	(37 030)	(37 671)	(27 545)	(38 098)	(39 674)	(41 382)	(33 003)	(45 559)	(46 515)	(47 572)	(35 980)	(48 468)	(49 225)	(51 281)	(39 591)	(52 755)	(52 917)	(51 289)	(38 321)	(51 454)	(52 374)	(54 122)	(42 546)	(57 628)	(58 850)	(60 784)	(45 917)	(61 657)	(62 043)	(61 325)	(45 447)	(61 717)	(59 846)	(58 375)	(41 143)	(56 157)	(58 076)	(59 576)	(44 465)	(62 231)	(64 097)	(66 765)	(52 245)	(74 303)	(76 472)	(78 699)	(59 650)	(82 447)	(85 240)	(87 187)	(65 534)	(89 342)	(89 885)	(91 652)	(93 318)
Research & Development	0	0	0	0	0	0	0	0	(1 253)	0	0	0	0	0	0	(2 177)	(4 845)	(7 145)	(7 327)	(7 220)	(7 179)	(9 480)	0	(7 083)	0	(10 060)	0	0	0	(10 092)	0	0	0	(10 774)	0	0	0	(11 986)	0	0	0	(12 341)	0	0	0	(12 933)	0	0	0	(13 911)	0	0	0	(15 183)	0	0	0	(16 254)	0	0	0	(15 594)	0	0	0	(16 710)	0	0	0	(18 585)	0	0	0	(20 436)	0	0	0	(22 980)	0	0	0	0
Depreciation & Amortization	(174)	(122)	(57)	(32)	(6)	0	0	0	(1 723)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	0	0	0	0	0	0	0	(1 519)	0	(2 976)	(8 569)	(1 457)	0	(710)	0	0	6 303	0	0	0	0	0	(7 121)	0	(4 824)	0	(2 523)	0	0	(1)	0	0	0	(1)	(2)	0	(2)	(1)	0	(1)	0	0	(1)	0	0	(1)	(1)	(1)	(2)	(1)	(1)	0	1	(2)	(2)	(2)	(4)	0	(1)	0	2	(1)	0	0	0	(2)	(3)	(2)	(3)	(1)	(1)	(1)	0	(2)	(2)	(3)	(2)	(1)	0	1	(1)	(1)
Operating Income	4 796 N/A	5 199 +8%	6 602 +27%	7 236 +10%	6 923 -4%	7 733 +12%	7 843 +1%	9 925 +27%	11 323 +14%	15 490 +37%	16 330 +5%	16 938 +4%	9 417 -44%	8 333 -12%	8 162 -2%	7 629 -7%	4 635 -39%	1 669 -64%	2 088 +25%	5 127 +146%	7 773 +52%	12 301 +58%	13 419 +9%	14 496 +8%	14 210 -2%	14 907 +5%	15 401 +3%	13 390 -13%	12 257 -8%	11 751 -4%	10 464 -11%	10 418 0%	11 140 +7%	13 733 +23%	14 763 +8%	15 420 +4%	15 090 -2%	17 214 +14%	20 826 +21%	22 571 +8%	23 300 +3%	20 142 -14%	18 332 -9%	16 902 -8%	16 914 +0%	18 499 +9%	19 512 +5%	20 422 +5%	22 452 +10%	26 834 +20%	29 848 +11%	31 190 +4%	30 099 -3%	28 838 -4%	24 073 -17%	23 063 -4%	22 966 0%	20 916 -9%	20 377 -3%	19 310 -5%	19 879 +3%	19 694 -1%	21 735 +10%	26 087 +20%	28 585 +10%	32 046 +12%	34 715 +8%	35 237 +2%	40 758 +16%	45 843 +12%	47 688 +4%	47 421 -1%	45 771 -3%	47 296 +3%	46 855 -1%	48 073 +3%	48 701 +1%	48 340 -1%	50 086 +4%	51 618 +3%	51 951 +1%	53 040 +2%
Pre-Tax Income
Interest Income Expense	(347)	(153)	(210)	172	233	391	(84)	(216)	(436)	(575)	(482)	(839)	(663)	(576)	(586)	(601)	(579)	(260)	(85)	(196)	(247)	(268)	(252)	(267)	(517)	(587)	(633)	(747)	(459)	(372)	(305)	(329)	(317)	(524)	644	822	710	825	(577)	(614)	(597)	(661)	(538)	(648)	(668)	(486)	(532)	(453)	(378)	(444)	(572)	(508)	(472)	(591)	(432)	(519)	(692)	(504)	(518)	177	287	125	198	(393)	(383)	(387)	(227)	11	482	428	194	305	43	529	957	1 029	1 098	1 208	815	976	947	769
Non-Reccuring Items	(38)	(1 226)	(1 214)	(1 964)	(768)	(774)	(26)	(31)	(273)	(988)	(2 084)	(2 083)	(868)	97	98	(170)	(51)	(56)	(91)	(177)	(318)	(717)	(714)	(886)	(795)	(968)	(851)	(654)	(600)	(214)	(219)	(67)	(63)	(32)	(1 963)	(1 998)	(2 009)	(2 002)	(33)	(269)	181	126	116	(751)	(1 275)	(1 309)	(1 350)	41	187	(2 280)	(2 235)	(2 568)	(2 660)	(28)	94	241	274	94	83	(65)	(184)	(1 186)	(1 192)	(1 203)	(1 098)	(1 847)	(1 842)	(1 819)	(1 891)	(131)	(148)	(164)	(91)	(1 201)	(1 176)	(1 177)	(2 490)	(1 358)	(1 425)	(1 411)	(755)	(3 217)
Gain/Loss on Disposition of Assets	7	5	12	(27)	(11)	(12)	10	48	73	73	76	32	16	22	7	0	(3)	4	3	14	39	288	286	275	250	6	29	25	28	31	17	393	391	491	416	50	47	9	7	5	7	(5)	(1)	(7)	235	273	273	323	82	56	59	507	504	630	511	123	124	113	118	20	21	23	16	6	13	26	24	30	507	518	6 605	6 818	6 565	6 653	566	354	125	19	29	45	57	71
Total Other Income	61	26	(113)	(84)	57	96	86	53	(99)	(18)	93	159	291	161	112	189	362	296	249	174	219	281	263	223	258	292	293	244	82	(26)	(18)	(76)	5	(136)	(108)	34	70	219	106	75	60	202	323	310	325	266	240	283	214	219	261	88	149	68	8	80	81	115	270	329	156	165	41	17	308	366	389	529	439	614	580	480	631	426	284	289	475	623	733	841	532	418
Pre-Tax Income	4 479 N/A	3 851 -14%	5 077 +32%	5 333 +5%	6 434 +21%	7 434 +16%	7 829 +5%	9 779 +25%	10 588 +8%	13 982 +32%	13 933 0%	14 207 +2%	8 193 -42%	8 037 -2%	7 793 -3%	7 047 -10%	4 364 -38%	1 653 -62%	2 164 +31%	4 942 +128%	7 466 +51%	11 885 +59%	13 002 +9%	13 841 +6%	13 406 -3%	13 650 +2%	14 239 +4%	12 258 -14%	11 308 -8%	11 170 -1%	9 939 -11%	10 339 +4%	11 156 +8%	13 532 +21%	13 752 +2%	14 328 +4%	13 908 -3%	16 265 +17%	20 329 +25%	21 768 +7%	22 951 +5%	19 804 -14%	18 232 -8%	15 806 -13%	15 531 -2%	17 243 +11%	18 143 +5%	20 616 +14%	22 557 +9%	24 385 +8%	27 361 +12%	28 709 +5%	27 620 -4%	28 917 +5%	24 254 -16%	22 988 -5%	22 753 -1%	20 734 -9%	20 330 -2%	19 771 -3%	20 159 +2%	18 821 -7%	20 798 +11%	24 514 +18%	27 425 +12%	30 204 +10%	33 059 +9%	33 988 +3%	40 295 +19%	47 272 +17%	54 919 +16%	54 860 0%	52 919 -4%	53 703 +1%	47 486 -12%	48 568 +2%	47 909 -1%	48 832 +2%	50 238 +3%	52 069 +4%	52 732 +1%	51 081 -3%
Net Income
Tax Provision	(2 603)	(1 926)	(2 570)	(2 594)	(3 227)	(3 165)	(3 216)	(3 915)	(4 028)	(5 575)	(5 504)	(5 580)	(3 666)	(3 378)	(3 026)	(2 318)	(1 178)	(377)	(479)	(1 686)	(2 462)	(3 955)	(4 289)	(4 625)	(4 580)	(4 982)	(5 585)	(4 818)	(4 455)	(3 774)	(3 321)	(3 474)	(3 628)	(4 580)	(4 917)	(5 303)	(5 222)	(5 676)	(6 907)	(7 205)	(7 606)	(6 522)	(5 847)	(4 961)	(3 665)	(4 278)	(4 583)	(5 322)	(6 081)	(8 086)	(8 719)	(8 355)	(8 624)	(6 579)	(5 466)	(5 377)	(5 460)	(5 225)	(5 107)	(5 193)	(5 576)	(5 634)	(5 995)	(7 442)	(8 041)	(8 891)	(9 927)	(10 184)	(12 010)	(13 199)	(13 003)	(13 008)	(12 561)	(13 400)	(13 714)	(14 127)	(14 665)	(15 233)	(15 554)	(15 756)	(14 947)	(13 970)
Income from Continuing Operations	1 876	1 924	2 507	2 739	3 207	4 269	4 613	5 865	6 560	8 408	8 430	8 627	4 527	4 659	4 767	4 729	3 186	1 276	1 685	3 256	5 004	7 930	8 713	9 216	8 826	8 668	8 654	7 440	6 853	7 396	6 618	6 865	7 528	8 952	8 835	9 025	8 686	10 589	13 422	14 563	15 345	13 282	12 385	10 845	11 866	12 965	13 560	15 294	16 476	16 299	18 642	20 354	18 996	22 338	18 788	17 611	17 293	15 509	15 223	14 578	14 583	13 187	14 803	17 072	19 384	21 313	23 132	23 804	28 285	34 073	41 916	41 852	40 358	40 303	33 772	34 441	33 244	33 599	34 684	36 313	37 785	37 111
Income to Minority Interest	(142)	(211)	(235)	(193)	(100)	(57)	(29)	(45)	(50)	(47)	(31)	(7)	(6)	(2)	(1)	7	3	12	15	15	4	0	(7)	(7)	(4)	0	1	0	0	0	7	10	11	47	39	37	37	47	0	0	0	0	0	0	(1)	(1)	1	0	(9)	(16)	(21)	(27)	(25)	(24)	(27)	(29)	(25)	(26)	(17)	(7)	(3)	1	(1)	1	(1)	0	2	4	10	0	(8)	(11)	(15)	0	4	3	3	(6)	(7)	(8)	(11)	(20)
Net Income (Common)	1 729 N/A	1 709 -1%	2 269 +33%	2 543 +12%	3 105 +22%	4 211 +36%	4 582 +9%	5 818 +27%	6 510 +12%	8 358 +28%	8 400 +1%	8 618 +3%	4 520 -48%	4 659 +3%	4 764 +2%	4 730 -1%	3 184 -33%	1 286 -60%	1 702 +32%	3 272 +92%	5 007 +53%	7 927 +58%	8 701 +10%	9 198 +6%	8 813 -4%	8 664 -2%	8 648 0%	7 436 -14%	6 847 -8%	7 396 +8%	6 625 -10%	6 876 +4%	7 541 +10%	8 999 +19%	8 875 -1%	9 062 +2%	8 722 -4%	10 589 +21%	13 421 +27%	14 563 +9%	15 344 +5%	13 282 -13%	12 385 -7%	10 844 -12%	11 864 +9%	12 962 +9%	13 559 +5%	15 293 +13%	16 466 +8%	16 281 -1%	18 617 +14%	20 325 +9%	18 969 -7%	22 313 +18%	18 760 -16%	17 580 -6%	17 266 -2%	15 481 -10%	15 207 -2%	14 571 -4%	14 580 +0%	13 188 -10%	14 801 +12%	17 072 +15%	19 384 +14%	21 311 +10%	23 132 +9%	23 807 +3%	28 292 +19%	34 072 +20%	41 907 +23%	41 838 0%	40 342 -4%	40 302 0%	33 775 -16%	34 444 +2%	33 245 -3%	33 591 +1%	34 675 +3%	36 302 +5%	37 772 +4%	37 090 -2%
EPS (Diluted)	42.17 N/A	42.72 +1%	58.17 +36%	60.54 +4%	72.2 +19%	100.26 +39%	109.09 +9%	135.3 +24%	155 +15%	199 +28%	195.34 -2%	200.41 +3%	107.61 -46%	108.34 +1%	113.42 +5%	112.61 -1%	74.04 -34%	30.61 -59%	40.52 +32%	76.09 +88%	119.21 +57%	188.73 +58%	207.16 +10%	219 +6%	209.83 -4%	206.28 -2%	205.9 0%	177.04 -14%	163.02 -8%	176.09 +8%	157.73 -10%	163.71 +4%	179.54 +10%	214.26 +19%	211.3 -1%	215.76 +2%	207.66 -4%	249.28 +20%	319.54 +28%	346.73 +9%	365.33 +5%	313.8 -14%	294.88 -6%	258.19 -12%	282.47 +9%	306.37 +8%	322.83 +5%	364.11 +13%	392.04 +8%	384.65 -2%	443.26 +15%	483.92 +9%	447.93 -7%	526.98 +18%	443 -16%	414.94 -6%	407.48 -2%	365.43 -10%	358.91 -2%	343.69 -4%	343.83 +0%	311.09 -10%	349.07 +12%	402.49 +15%	456.97 +14%	502.45 +10%	545.33 +9%	561.04 +3%	666.52 +19%	802.88 +20%	987.27 +23%	985.28 0%	949.82 -4%	948.84 0%	796.14 -16%	816.66 +3%	788.41 -3%	795.34 +1%	822.31 +3%	861.01 +5%	894.81 +4%	879.27 -2%

Income Statement Balance Sheet Cash Flow Statement

Horiba Ltd
TSE:6856

Income Statement

Earnings Waterfall
Horiba Ltd

Income Statement
Horiba Ltd

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Horiba Ltd TSE:6856

Income Statement

Earnings Waterfall Horiba Ltd

Income Statement Horiba Ltd

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Horiba Ltd
TSE:6856

Earnings Waterfall
Horiba Ltd

Income Statement
Horiba Ltd