It's a very dense resinoid (Plastic) binder with some sort of filler material (Nano Hone says they use wool, which was a surprise.), but the abrasive is some modified ceramic alumina. There are various sorts of AlOx abrasives, some of which cut a little harder and longer than others, and this is one of them. The backing is tempered glass, secured to the stone with some epoxy or polyurethane adhesive.
The Shapton Glass Stone HR line are typically a harder, denser binder than the Shapton Pro line (Barring HC stones, which I've heard are more 'Pro-Like'.), and the abrasive seems to wear out a little slower. The HR stones polish less, and keep cutting longer than the Pro line, in general at the same grit level... The finish is still very consistent under a scope, meaning they grade their abrasives quite tightly. I'd be blown away if it was a blend or mix of any sort... If you take high vanadium-carbide steels to them, they still start to burnish rather than cut at some point, while SiC, CBN, and Diamond keep cutting. They work very nicely on low-vanadium-carbide steels like R-2 or SRS-15, and can do ZDP-189, but don't seem to apex as well on steels with 4%+ vanadium. These are still better on steels like SG-2/R-2 and SRS-15 than most of the Gesshin, JNS, or Naniwa stones, though...
- Steampunk