HORIBA

What HORIBA does

HORIBA, Ltd. is a Japanese precision measurement and analytical instruments company headquartered in Kyoto, Japan, founded in 1945 by Masao Horiba and publicly traded on the Tokyo Stock Exchange under ticker 6856.T. The company operates across nine business segments — Mobility (automotive R&D), Energy and Environment, Life Science, Healthcare (in-vitro diagnostics), Materials, Semiconductor, Scientific and Analytical Instruments, and Water & Liquid — serving enterprise customers including semiconductor manufacturers, automotive OEMs, hospitals and clinical laboratories, research institutions, environmental monitoring agencies, and biopharmaceutical manufacturers across global markets via regional subsidiaries in the US (HORIBA Instruments Incorporated), Germany (HORIBA Europe GmbH), the UK, Brazil, and now the UAE following the FANDA acquisition.

HORIBA's technology portfolio spans spectroscopy (Raman, fluorescence, X-ray fluorescence, ICP-OES, ellipsometry, vacuum UV), particle characterization (laser diffraction, centrifugal sedimentation, dynamic light scattering, zeta potential), fluid control (mass flow controllers, vaporizers, Coriolis and thermal flow measurement), and medical diagnostics (hematology analyzers, clinical chemistry). The Semiconductor segment holds approximately 60% global market share in Mass Flow Controllers critical to deposition, etching, and lithography processes, and generates approximately 90% of operating profit. Key product franchises include the LabRAM Soleil Raman spectrometer, Partica LA-960V2 tenth-generation laser diffraction analyzer, Duetta spectrofluorometer, GD-Profiler 2 glow discharge OES, Yumizen H2500 hematology analyzer, the recently launched Yumivet veterinary diagnostics brand, and the EzSpec-SDK supporting programmatic spectrometer control in Python, C++, C#, and LabVIEW.

HORIBA generates revenue primarily through B2B enterprise hardware sales of analytical instruments and measurement systems, supplemented by aftermarket services including calibration, certification, spare parts, consumables, on-site support, and training. Distribution runs through direct enterprise field sales via regional subsidiaries and acquired distributors, with quote-based pricing and multi-year contracts. The company's stated mid-long term goal under MLMAP2028 is ¥1 trillion in annual revenue, supported by the ¥37 billion Kyoto headquarters build (2025-2028), Middle East expansion, biopharma entry via Fujifilm, and veterinary diagnostics scaling.

Name

HORIBA

Legal name

HORIBA, Ltd.

Website

https://horiba.com

Company type

Public

Founded year

1945

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

HORIBA is a Japanese precision instrumentation company (TSE: 6856.T) that designs and manufactures analytical and measurement instruments — including Raman spectrometers, particle analyzers, hematology analyzers, and semiconductor mass flow controllers — serving semiconductor fabs, automotive R&D, hospitals, research institutions, and environmental agencies across global markets.

Ownership category

akta.pro rank

Product category

Scientific Analytical Instruments

NAICS

Analytical Laboratory Instrument Manufacturing (334516), Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (334513)

SIC

Laboratory Analytical Instruments (3826), Industrial Instruments For Measurement, Display, And Control (3823)

akta.pro primary industry

Mass Spectrometry & Spectroscopy Instruments (HLAGAIAB)

akta.pro secondary industries

Analytical Instruments & Chromatography Systems (HLAGAIAA), Process Analytical Instrumentation (Gas analyzers, spectroscopy, pH/ORP, conductivity) (IMAGAFAE)

Keywords

• Analytical instruments
• Mass flow controllers
• Spectroscopy equipment
• Particle characterization
• Hematology analyzers

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Analytical Instruments and Systems: HORIBA designs, manufactures, and sells analytical instruments and measurement systems for applications in automotive R&D, process/environmental monitoring, in-vitro medical diagnostics, semiconductor manufacturing, and scientific R&D. Revenue is generated from upfront instrument sales with ongoing aftermarket support.
2. Semiconductor Process Control Equipment: Mass flow controllers, vaporizers, pressure controllers, gas monitors, and other process control equipment for semiconductor fabrication. The Semiconductor segment generates approximately 90% of operating profit.
3. In-Vitro Medical Diagnostic Systems: Hematology analyzers, clinical chemistry systems, and related in-vitro diagnostic equipment for hospitals, clinics, and laboratories.
4. Aftermarket Services: Calibration, certification, spare parts, consumables, on-site support, software support, product training, and technology training services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

HORIBA manufactures and sells precision measurement and analytical instruments including Raman/fluorescence spectrometers, particle size analyzers, X-ray fluorescence and ICP-OES spectrometers, mass flow controllers and liquid vaporization systems for semiconductor fabrication, and in-vitro hematology analyzers. Products are deployed across automotive R&D, semiconductor manufacturing, medical diagnostics, environmental monitoring, and scientific research, supported by an aftermarket services network for calibration, training, and spare parts.

Product overview

HORIBA is a diversified instrumentation company organized into multiple business segments: Mobility (automotive R&D, testing, validation), Energy and Environment (sustainable environment solutions), Life Science (optical, electrochemical, X-ray analytical solutions), Healthcare (in vitro diagnostics), Materials (analytical instruments for material properties), Semiconductor (process control, mass flow controllers, vaporization systems), Scientific and Analytical Instruments (spectrometers, particle analyzers, XRF, GDOES, ICP-OES), and Water & Liquid. The Scientific Instruments division includes Raman spectrometers (LabRAM Soleil, LabRAM Odyssey, XploRA PLUS), fluorescence spectrometers (Duetta, Fluorolog-QM, Aqualog), particle characterization systems (Partica LA-960V2, Partica mini LA-350, nanoPartica SZ-100V2, Partica CENTRIFUGE), AFM-Raman platforms (SignatureSPM), XRF analyzers (XGT-9000, MESA-50), GDOES instruments (GD-Profiler 2), ICP-OES spectrometers (Ultima Expert), and elemental analyzers (EMIA-Expert, EMGA-Expert). The Semiconductor segment provides Mass Flow Controllers, Liquid Source Vaporizers (VC, MV, LSC, LU, LE series), Pressure Controllers, Gas Monitoring systems, and various process monitoring equipment. Healthcare offerings include Yumizen hematology analyzers (H2500, VH2500) and the new Yumivet veterinary diagnostics brand. Recent product launches include EzSpec-SDK for programmatic spectrometer control, the Yumivet brand with VH2500 analyzer, and the AP-380 air quality monitor with EPA certification.

Differentiator

Problem solved

Functional benefit

Brands

• HORIBA Advanced Techno: Advanced technology and research subsidiary focusing on next-generation semiconductor and analytical technologies.
• HORIBA STEC
• HORIBA ABX
• HORIBA Scientific
• HORIBA Foundation UK
• Yumizen
• Partica
• LabRAM
• Duetta

Products and services

• LabRAM Soleil Raman imaging spectrometer and microscope for advanced research applications in materials science, life sciences, and semiconductors.
• LabRAM Odyssey High-performance Raman spectrometer designed for research and QC applications requiring sensitivity and flexibility.
• XploRA PLUS Raman spectrometer offering automated analysis and high performance for research applications.
• Partica CENTRIFUGE Centrifugal nanoparticle analyzer for particle size distribution measurement using gradient acceleration, supporting Line-Start and Homogeneous measurement modes for small to larger sample volumes.
• nanoPartica SZ-100V2 Series Nanoparticle analyzer for dynamic light scattering (DLS) particle size distribution and zeta potential measurement using electrophoretic light scattering, with pH titration for isoelectric point determination.
• Partica LA-960V2 Tenth-generation laser diffraction particle size distribution analyzer measuring 10 nanometers to 3 millimeters, with sealed optical bench and 80+ photodetectors covering a 0-170 degree angular range.
• Partica mini LA-350 Portable routine laser diffraction analyzer with compact form factor (297mm x 420mm), wide size range (0.1-1,000 µm), and fast analysis of approximately 10 seconds per measurement.
• Duetta Spectrofluorometer combining UV-visible absorbance and fluorescence spectroscopy for accurate low-level protein measurement, achieving a limit of detection of approximately 0.75 µg/mL using fluorescence spectroscopy.
• VC Series Direct liquid injection system for vaporizing liquid precursors in semiconductor manufacturing processes, using direct vaporization technology for fractional grams/minute flow rates.
• MV-2000 Series Mixed injection system liquid vaporizer combining liquid source and carrier gas for efficient vaporization in semiconductor processes.
• LSC Series Compact baking system for liquid source vaporization control in semiconductor manufacturing.
• LU Series Liquid auto refill system for safe and continuous delivery of vapor to point of use in semiconductor processes, enabling bulk precursor tank exchange without interrupting manufacturing.
• LE Series Large flow liquid source vaporization control system for high-volume semiconductor manufacturing processes, supporting >25 g/min flow rates.
• Yumizen H2500 Hematology analyzer with extended WBC differential parameters for clinical diagnostics, featuring digital morphology system capabilities for hospitals, clinics, and laboratories.
• Yumivet VH2500 Veterinary hematology analyzer for multispecies diagnostics, the first product introduced under the new Yumivet veterinary diagnostics brand.
• Air Quality Monitor AP-380 Series Air quality monitor with type approvals from the U.S. EPA, German Federal Environment Agency, and TÜV Rheinland for environmental monitoring applications.
• GD-Profiler 2 Glow Discharge Optical Emission Spectroscopy (GDOES) instrument for surface and bulk analysis of materials including hydrogen and ammonia engine evaluation.
• SignatureSPM Atomic Force Microscopy (AFM) optical platform combining AFM with Raman spectroscopy for co-localized nanoscale analysis.
• OpenPleX Surface Plasmon Resonance imaging (SPRi) system for label-free biomolecular interaction analysis in life science research.
• Ultima Expert Inductively Coupled Plasma Optical Emission Spectroscopy (ICP-OES) spectrometer for elemental analysis across research and industrial applications.
• EMIA-Expert Carbon/Sulfur analyzer for elemental analysis in metals and materials characterization.
• XGT-9000 X-ray analytical microscope for non-destructive elemental analysis and mapping.
• PoliSpectra RPR Raman Plate Reader High-throughput Raman plate reader for rapid R&D and process development in biopharma applications.

Quantifiable outcome

• Mass Flow Controllers: approximately 60% global market share in semiconductor manufacturing
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Five partnerships are on record, tiered minor and core.

• FANDAminorChannel Partner/ Reseller/ Distributor · 25 June 2026HORIBA acquired FANDA, the UAE distributor, establishing HORIBA's first Middle East base. Accelerates HORIBA's entry into the Middle East energy transition market.
• Japan Business Council in Europe (JBCE)minorOthers · 22 June 2026HORIBA, through Dr. George Gillespie OBE, assumes the presidency of the Japan Business Council in Europe. HORIBA will lead policy advocacy and business development initiatives for Japanese companies operating in Europe.
• FujifilmcoreStrategic or Co-development Partner · 16 June 2026HORIBA and Fujifilm co-developed a high-sensitivity inline Raman measurement system for real-time monitoring of cell culture and purification in biopharmaceutical manufacturing. Improves antibody yield by approximately 10% in purification processes.
• JOINT3 ConsortiumminorStrategic or Co-development Partner · 26 May 2026HORIBA Advanced Techno joined the JOINT3 consortium focused on next-generation semiconductor packaging. HORIBA contributes expertise in measurement and analysis technologies to the consortium.
• HORIBA Foundation UKminorOthers · 25 November 2025Philanthropic organization launched by HORIBA UK to advance scientific research and increase STEM participation in the UK. Funds scholarships at UK universities and partners with research institutions.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Agilent Technologies: Major analytical instrument maker with strong positions in spectroscopy, chromatography, and mass spectrometry. Comparable to HORIBA's LabRAM, Duetta, XRF, and ICP-OES product lines.
• Revvity (formerly PerkinElmer): Diversified analytical and life sciences instrument maker serving pharma, diagnostics, and applied markets. Comparable to HORIBA's Healthcare and Life Science segments including clinical chemistry and hematology.
• Waters Corporation: Specialty analytical instrument maker focused on chromatography, mass spectrometry, and thermal analysis. Comparable to HORIBA's spectroscopy and analytical instrument portfolio for life sciences and materials.
• Thermo Fisher Scientific: Global leader in analytical instruments, spectroscopy, chromatography, and lab equipment. Directly comparable to HORIBA's Scientific Instruments and Life Science segments with significantly larger scale and broader portfolio.

Direct peers

• Renishaw plc: Specialist in Raman spectroscopy and AFM-Raman platforms, directly comparable to HORIBA's LabRAM Soleil, LabRAM Odyssey, and SignatureSPM products in the research and materials science market.
• Brooks Instrument: Manufacturer of mass flow controllers and flow measurement instruments for semiconductor and industrial process control. Direct niche competitor to HORIBA STEC in the semiconductor Mass Flow Controller market.
• Shimadzu Corporation: Direct Japanese competitor in analytical and measuring instruments, including spectroscopy, chromatography, mass spectrometry, and material testing equipment. Most direct head-to-head competitor across HORIBA's scientific instruments portfolio.
• Malvern Panalytical: Specialist in particle characterization and materials analysis using laser diffraction, DLS, and X-ray techniques. Most direct competitor to HORIBA's Partica LA-960V2 and nanoPartica SZ-100V2 product lines.
• MKS Instruments: Direct competitor in semiconductor process control equipment, including mass flow controllers, pressure controllers, and gas analyzers. Competes with HORIBA's Semiconductor segment that generates ~90% of operating profit.
• Bruker Corporation: Scientific instruments company with comparable product lines in Raman spectroscopy, X-ray fluorescence, mass spectrometry, and AFM. Strongly comparable to HORIBA's LabRAM, XGT, and SignatureSPM offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/horiba

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HORIBA