HORIBA, Ltd.
6856・Prime Market・Electric Appliances
Governance
Company with a Board of Corporate Auditors. The Board of Directors consists of 9 members (including 3 outside directors, all of whom are independent officers), giving an outside director ratio of 33.3%. A voluntary Nomination and Compensation Committee has been established (a majority of members are outside directors, and the chairperson is an outside director) to ensure objectivity and transparency in nominations and compensation. The executive officer system was introduced in 1998 to separate management oversight from business execution.
Risk Management
The Company has adopted the Three Lines Model. Business divisions (first line), administrative departments (second line), and the Group Audit Office (third line) work together to manage business, development/manufacturing, sales, and financial risks based on Group regulations concerning risk. The Sustainability Committee and the Group Risk Management Committee oversee company-wide risks, including sustainability-related risks, and a framework has been established to report to the Board of Directors. A multilingual anonymous internal reporting hotline has also been set up.
Shareholder Returns
Basic policy targets a payout ratio of around 30% of consolidated net income, with special dividends and share buybacks implemented flexibly. For FY2026 (ending December 2026), the company forecasts an annual dividend of ¥490 per share (¥150 at second-quarter end plus ¥340 at year-end). This represents an increase of ¥40 from the previous fiscal year's actual dividend of ¥450.
Dividend Policy
Basic policy targets a payout ratio of around 30% of consolidated net income, with special dividends and share buybacks implemented flexibly after comprehensively considering investment opportunities and financial conditions. Dividends are paid twice a year (interim and year-end). For FY2025 (ended December 2025), the actual annual dividend was ¥450 per share (interim ¥80 plus year-end ¥370). For FY2026 (ending December 2026), the forecast annual dividend is ¥490 per share (¥150 at second-quarter end plus ¥340 at year-end). No change to the dividend forecast (as of May 14, 2026).
ESG
References the TCFD recommendations for climate change response, setting targets of carbon neutrality by 2050 and a 42% reduction in GHG emissions (Scope 1+2) by 2033 (versus 2023). Scope 3 emissions were calculated for the first time in 2025. In terms of human capital, quantitative targets are disclosed, including the ratio of female managers (HORIBA, Ltd.: 11.0% in FY2025 → 15.0% target for FY2028) and the male childcare leave take-up rate (97.1% for the same company). A bidirectional top-down and bottom-up governance framework has been established through the Sustainability Committee and HGSS.
Last updated: March 23, 2026