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Horiba Ltd carries out the manufacturing of automotive emission measurement systems, environmental measuring instruments, scientific analysers, medical diagnostic analysers, measuring equipment used in the semiconductor industry, and peripheral measuring and analysis devices. The company operates its business through five segments – Automotive, Process and Environmental, Medical, Semiconductor, and Scientific. The Automotive segment provides support for the optimization of vehicle testing and acceleration of automotive development. Horiba’s automotive emission measurement system (EMS) offers control units with complete testing and measurement solutions, including test systems for engines, chassis, powertrains, brakes, catalytic converters, batteries, fuel cells, and water electrolysis cell/stack assessment equipment. Its engineering consultancy and testing (ECT) business supports the development of mobility technologies for applications such as electrified vehicles, autonomous driving, functional safety, and cybersecurity. The Process and Environmental segment supplies analysis and measurement instruments for analyzing air pollution, water quality, and soil quality. Through its Medical segment, Horiba offers instruments and reagents (consumables) for blood sample testing for the in vitro diagnostic (IVD) system. The company’s Semiconductor segment provides mass flow controllers used in the manufacturing process (front-end) of devices such as semiconductors. The Scientific segment develops basic measurement methods and core technologies for analytical instruments.