Overseas Demonstration of Hydroponic Cultivation Plants

「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, despite a decline following front-loaded demand in the previous fiscal year ahead of price increases, revenue increased 2.6% year on year to ¥3,259 million, driven by the development of new customers, higher demand for shading and irrigation materials due to extreme heat, and increased sales accompanying exports of hydroponic cultivation plants. Segment profit also increased 24.3% to ¥63 million.」

「We will also expand into new regions based on our track record in existing sales territories.」

「In the facilities materials business, we are exploring overseas expansion by conducting demonstration trials in Singapore of a hydroponic cultivation plant developed by the company, with the aim of contributing to efficient vegetable production in a limited area.」