Rollout of New Products in the Agricultural Materials Business and Market Share Growth

「In the agricultural materials business, opportunities to apply foliar herbicides increased as temperatures rose, and demand for rice pesticides expanded as rice cultivation increased. In addition, limited earlier demand arose amid uncertainty about the outlook due to the situation in the Middle East. Revenue rose 8.1% year on year to ¥34,550 million, while segment profit increased 11.7% to ¥1,632 million.」

「In the agricultural materials business, revenue rose 6.2% year on year to ¥14,666 million as warming temperatures increased opportunities to apply foliar herbicides and demand for insecticides increased. Segment profit also increased 13.4% to ¥652 million.」

「In the agricultural materials business, sales value increased as sales of foliar herbicides grew, demand for insecticides increased because of a major pest outbreak, and prices were revised. Revenue rose 5.8% year on year to ¥31,952 million, while segment profit increased 0.7% to ¥1,460 million.」

「In the agricultural materials business, sales value increased as prices for the principal agricultural chemical products rose. Revenue increased 6.9% year on year to ¥13,804 million, while segment profit increased 0.7% to ¥575 million.」

「In the agricultural materials business, sales of the Company's principal agricultural chemical products remained sluggish because the effect of higher sales from demand ahead of price increases in the prior-year period unwound, and producers reduced application frequency and volumes as they sought to conserve costs. Revenue fell 9.3% year on year to ¥12,916 million, while segment profit declined 7.1% to ¥571 million.」

「In the agricultural materials business, sales of the Company's principal agricultural chemical products declined as the effect of higher sales from demand ahead of price increases in the prior-year period unwound, while herbicide sales fell as producers lost application opportunities amid extreme heat and insecticide sales declined because fewer pests occurred. Revenue fell 5.8% year on year to ¥7,110 million. Improved profitability lifted segment profit 56.1% to ¥262 million.」

「Manufacturer shipping prices for the Company's principal agricultural chemical products increased because of higher resource prices and other factors. The resulting revision of selling prices increased sales, with revenue rising 6.4% year on year to ¥30,109 million and segment profit increasing 51.9% to ¥1,444 million.」

「In the agricultural materials business, prices for the Company's principal agricultural chemical products increased to reflect higher resource prices. This prompted demand to purchase products ahead of the increases, resulting in revenue of ¥19,492 million, up 12.1% year on year, and segment profit of ¥813 million, up 102.4%.」

「In the agricultural materials business, earlier demand ahead of future agricultural chemical price increases reflecting higher resource prices resulted in revenue of ¥14,247 million, up 19.5% year on year. Segment profit also increased 226.2% to ¥614 million.」

「In the agricultural materials business, earlier demand in anticipation of higher agricultural chemical prices resulted in revenue of ¥7,549 million, up 3.6% year on year. Segment profit fell 8.1% to ¥168 million because of higher costs, including sharply higher logistics costs.」

「In the agricultural materials business, sales of rice pesticides declined because of excess inventory in the distribution channel, but the business remained steady as foliar herbicides gained wider adoption among farmers seeking labor savings and households. Sales of coated fertilizer, which underwent substantial price increases because of higher raw material prices, also increased on rush demand ahead of the increases. Revenue rose 1.2% year on year to ¥28,298 million. Segment profit fell 7.2% to ¥951 million as competition intensified amid stagnant demand.」

「In the agricultural materials business, product prices increased amid globally higher resource costs, prompting rush demand ahead of the increases. Revenue rose 3.2% year on year to ¥17,384 million. Segment profit fell 16.2% to ¥401 million because of higher costs and other factors.」

「In the agricultural materials business, sales of agricultural chemicals were challenging because fewer diseases and pests occurred, among other factors. However, rush demand arose ahead of product price revisions driven by globally higher resource costs. Revenue rose 1.4% year on year to ¥11,919 million, while segment profit increased 44.9% to ¥188 million.」

「In the agricultural materials business, demand remained sluggish because prolonged rains in August eliminated opportunities to apply agricultural chemicals. Revenue fell 1.0% year on year to ¥7,283 million, while segment profit declined 5.5% to ¥182 million.」

「In the agricultural materials business, demand for insecticides and fungicides remained sluggish as lower produce prices reduced farmers' willingness to apply crop-protection products. However, sales increased as foliar herbicides effective in reducing the work involved in weed control gained wider household adoption, supported by stay-at-home demand during the COVID-19 pandemic, and as the Company actively promoted sales in the Tohoku and Kyushu regions. Revenue rose 3.3% year on year to ¥27,965 million. Segment profit also increased 12.4% to ¥1,024 million, reflecting higher revenue and lower travel expenses and other costs during the pandemic.」

「In the agricultural materials business, sales increased as foliar herbicides effective in reducing the work involved in weed control gained wider household adoption. Revenue rose 3.0% year on year to ¥16,845 million. Segment profit also increased 32.5% to ¥479 million, reflecting the factors behind higher revenue and efforts to improve operating efficiency.」

「In the agricultural materials business, sales of soil fumigants remained sluggish as lower produce prices reduced farmers' willingness to apply crop-protection products. However, foliar herbicides effective in reducing the work involved in weed control gained wider household adoption, and the Company focused on actively promoting new agricultural chemicals. Revenue rose 2.5% year on year to ¥11,750 million, while segment profit increased 74.9% to ¥130 million.」

「In the agricultural materials business, demand for soil fumigants declined because prolonged rains reduced opportunities to apply agricultural chemicals and production of sweet potatoes for shochu declined. However, the business remained steady through higher sales of foliar herbicides, whose household use is expanding, and active promotion of new agricultural chemicals. Revenue rose 6.7% year on year to ¥7,360 million, while segment profit increased 14.1% to ¥193 million.」

「Sales increased for foliar herbicides, which help reduce the work involved in weed control, as well as through wider adoption of the Company's original coated fertilizer. Revenue was ¥27,072 million, representing slight year-on-year growth, while segment profit increased 0.7% to ¥911 million.」

「In the agricultural materials business, insecticide sales declined because fewer pests occurred, but sales increased as a mild winter accelerated farm work and created earlier demand for agricultural chemicals, and through wider adoption of the Company's original coated fertilizer. Revenue rose 1.8% year on year to ¥16,356 million, while segment profit increased 4.0% to ¥361 million.」

「In the agricultural materials business, demand for foliar herbicides, which help reduce the work involved in weed control, expanded amid an aging population and a preference for labor-saving products. Together with a focus on actively promoting new agricultural chemicals, this resulted in revenue of ¥11,468 million, up 2.9% year on year. Segment profit fell 36.6% to ¥74 million because of lower profitability amid intensifying competition and higher logistics costs, among other factors.」

「In the agricultural materials business, sales of insecticides declined due to the low incidence of pests, and demand for soil disinfectants decreased because of reduced production of sweet potatoes for shochu production. However, demand for foliar herbicides effective in reducing the labor required for weeding expanded as farmers aged and sought labor savings, while sales of proprietary controlled-release fertilizers also increased. Revenue consequently rose 0.9% year on year to ¥6,894 million, and segment profit increased 45.1% to ¥169 million.」

「In the agricultural materials business, insecticide sales remained sluggish because fewer pests occurred amid extremely hot weather. However, demand increased as the customer base expanded, including greater use of foliar herbicides by households, and the Company gained market share in soil fumigants as agricultural chemical distributors became increasingly concentrated. Revenue rose 1.1% year on year to ¥27,064 million, while segment profit increased 13.5% to ¥905 million.」

「In the agricultural materials business, insecticide sales remained sluggish because fewer pests occurred amid extremely hot weather. However, as agricultural chemical distributors became increasingly concentrated, the Company achieved further market share gains, increasing sales of soil fumigants, foliar herbicides and new agricultural chemicals. Revenue rose 3.0% year on year to ¥16,067 million, while segment profit increased 5.0% to ¥360 million.」

「In the agricultural materials business, insecticide sales remained sluggish because fewer pests occurred amid extremely hot weather, but expanded sales of soil fumigants and new agricultural chemicals resulted in revenue of ¥11,149 million, up 1.9% year on year. Despite higher logistics costs, improved profitability and other factors lifted segment profit 76.0% to ¥126 million.」

「In the agricultural materials business, insecticide sales remained sluggish because fewer pests occurred amid extremely hot weather, but expanded sales of foliar herbicides and new agricultural chemicals resulted in revenue of ¥6,831 million, up 1.5% year on year. Segment profit fell 11.1% to ¥123 million because of a slight decline in profitability and higher logistics costs, among other factors.」

「In the agricultural materials business, sales expanded for new agricultural chemicals and foliar herbicides, while soil fumigants performed steadily in the Kanto region. Sales of the Company's original coated fertilizer Best Match for rice and wheat also increased, resulting in revenue of ¥26,765 million, up 2.2% year on year.」

「In the agricultural materials business, sales of insecticides declined because fewer pests occurred as a result of low temperatures, but the Company captured stronger demand for foliar herbicides and rush demand ahead of price increases for soil fumigants. Revenue was ¥15,601 million, up 1.2% year on year. Segment profit fell 32.9% to ¥345 million because of lower profitability amid intensifying competition.」

「In the agricultural materials business, the Company captured stronger demand for foliar herbicides and rush demand ahead of price increases for soil fumigants, resulting in revenue of ¥10,943 million, up 2.7% year on year. Profitability declined amid intensifying competition, with segment profit falling 55.1% to ¥72 million.」

「In the agricultural materials business, active sales initiatives centered on foliar herbicides and market share gains resulted in revenue of ¥6,730 million, up 3.3% year on year, and segment profit of ¥138 million, up 15.4%.」

「In the agricultural materials business, sales of agricultural chemicals increased through sales initiatives leveraging stronger demand for herbicides and the Company's proposal-based sales capabilities, as well as farmers' greater willingness to apply crop-protection products amid higher produce prices. Revenue was ¥15,413 million, up 3.1% year on year, and segment profit was ¥513 million, up 9.8%.」

「In the agricultural materials business, sales increased through sales initiatives leveraging stronger demand for herbicides and the Company's proposal-based sales capabilities. Revenue was ¥10,659 million, up 4.4% year on year, and segment profit was ¥160 million, up 78.2%.」

「In the agricultural materials business, active sales expansion of new products and gains in market share resulted in revenue of ¥6,514 million, up 5.5% year on year, and segment profit of ¥119 million, up 7.3%.」