Decline in the Facilities Materials Business Following the Completion of Snow Damage Reconstruction Demand

「In the facilities materials business, demand for replacement agricultural films ran its course and revenue from completed greenhouses declined, creating downward pressure on revenue. However, increased demand for general agricultural materials kept revenue broadly unchanged year on year at ¥6,875 million. Segment profit was ¥148 million, down 5.0%.」

「In the facilities materials business, farmers’ capital investment and replacement demand declined as higher resource costs led to price increases for agricultural films and various agricultural materials. Sales also weakened following the reversal of special restoration demand for agricultural facilities damaged by major typhoons in previous years. Revenue was ¥14,564 million, down 3.0% year on year, while segment profit was ¥421 million, down 1.1%.」

「In the facility materials business, sales remained weak following the decline in restoration demand related to typhoon damage in previous years. In addition, repeated price increases for agricultural film and other products due to higher resource costs, together with prolonged weakness in fresh-produce prices, reduced farmers' replacement demand for durable materials and their willingness to invest in equipment. Sales of general agricultural materials and revenue from completed greenhouse and hydroponic cultivation plant projects consequently declined. Revenue fell 6.5% year on year to ¥10,213 million, while segment profit declined 19.4% to ¥232 million.」

「In the facilities materials business, sales were sluggish after restoration demand for agricultural facilities damaged by a major typhoon ran its course. However, demand for labor-saving products such as irrigation materials increased as farmers aged,」

「In the facilities materials business, demand for replacement agricultural films declined as farmers focused on conserving cash amid lower produce prices, and revenue from completed nutrient-solution cultivation plants also decreased. However, sales of pipes for agricultural facilities increased on typhoon-damage restoration demand, while revenue from completed greenhouses also rose, resulting in revenue of ¥7,314 million, up 2.9% year on year.」

「In the facilities materials business, agricultural facilities, particularly in Chiba Prefecture, suffered extensive damage from a major typhoon the previous year, and restoration demand continued. In addition, stay-at-home demand related to COVID-19 was also seen for agricultural materials. Revenue was ¥3,441 million, up 8.8% year on year, while segment profit was ¥79 million, up 55.2%.」

「In the facilities materials business, sales in the Kanto region increased on typhoon-damage restoration demand for agricultural facilities. However, orders related to nutrient-solution cultivation plants declined, typhoon-damage restoration demand that arose in the Tokai region in the previous fiscal year declined on a year-on-year basis, and sales of insulation materials fell because of the mild winter,」

「In the facility materials business, sales increased in the Kanto region due to demand for restoration of agricultural facilities damaged by typhoons. However, sales declined due to the decrease following the restoration demand generated in the Tokai region in the previous fiscal year, lower sales of shading and irrigation materials resulting from low temperatures and insufficient sunlight in early summer, and fewer orders for hydroponic cultivation plants. Revenue therefore fell 3.8% year on year to ¥7,106 million, while segment profit declined 15.8% to ¥211 million.」

「In the facilities materials business, sales of insulating materials to protect crops from cold weather declined due to the mild winter, but demand for restoration of agricultural facilities damaged by repeated typhoons, increased sales of shading and irrigation materials due to last summer’s extreme heat, exports of hydroponic cultivation plants, completion of large-scale projects for plants combined with solar power generation and closed plant factories, and higher revenue from completed greenhouse projects resulted in revenue of ¥10,826 million, up 3.2% year on year. Segment profit also increased 50.6% to ¥345 million.」

「In the facilities materials business, demand for restoration of agricultural facilities damaged by repeated typhoons, increased sales of shading and irrigation materials due to last summer’s extreme heat, and steady performance in the hydroponic cultivation plant business, including exports and the completion of large-scale projects for plants combined with solar power generation and closed plant factories, resulted in revenue of ¥7,384 million, up 7.1% year on year. Segment profit also increased 64.4% to ¥251 million.」

「In the facilities materials business, demand for snow-damage restoration, which had supported results in the previous and preceding fiscal years, ran its course, while demand for agricultural films and other products replaced during the restoration also weakened. Revenue was ¥9,626 million, down 14.4% year on year, and segment profit was ¥308 million, down 52.1%.」

「In the facilities materials business, demand for snow-damage restoration, which had supported results in the previous and preceding fiscal years, ran its course. Revenue was ¥6,297 million, down 18.3% year on year, and segment profit was ¥207 million, down 55.5%.」

「As demand for snow-damage restoration, which had supported results in the previous and preceding fiscal years, ran its course, revenue was ¥2,964 million, down 19.0% year on year, and segment profit was ¥86 million, down 59.8%.」