Horiba: Visit to Automotive Engineering Exposition 2026

Research evidence excerpt

Horiba: Visit to Automotive Engineering Exposition 2026

Update

May 27, 2026 10:23 AM GMT

Morgan Stanley MUFG Securities Co., Ltd.+MHoriba (6856) | Japan Mie Yamazaki

Equity Analyst

Visit to Automotive Engineering Mie.Yamazaki@morganstanleymufg.comKazuo Yoshikawa, CFA +81 3 6836-8899

Kazuo.Yoshikawa@morganstanleymufg.com +81 3 6836-8408

Exposition 2026 Hidetaka Suzuki

Research Associate

Hidetaka.Suzuki@morganstanleymufg.com +81 3 6836-8402

Key Takeaways

The automotive industry continues its enthusiastic development of next-

generation vehicles. At the same time, tougher environmental regulations are

driving increased demand for exhaust gas measurement for internal combustion

engines, and there are strong customer needs to reduce their development Horiba (6856.T, 6856 JT)

burden. Precision Instruments | Japan

Horiba is offering solutions to streamline testing processes and reduce the Stock Rating Equal-weight

Industry View In-Line

number of prototypes required with enhanced accuracy, as well as to optimize Price target ¥17,500

and standardize resources through automation. Shr price, close (May 27, 2026) ¥26,055

Mkt cap, curr, basic (bn) ¥1,100.4

Exhaust gas measurement and heat management products are also finding Avg daily trading value (bn) ¥2.8

expanding applications in emergency power supplies for data centers.

We visited Horiba's booth at the Automotive Engineering Exposition 2026. In the

energy and environment field, Horiba is developing products and solutions that can

contribute to reductions in testing sample size (n) and the number of prototype

vehicles, as well to standardization and fault reduction through automation. In

addition to prospects for stable demand going forward, the company expects new