Procurement of Chemical Fertilizer Raw Materials from Alternative Countries and Stable Supply through Government Support
First written in FY2023-Q1. 2 of 3 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2023-Q3.
21 other companies' latest entry also says "Advanced".
- FY2023-Q3AdvancedAnnual report
「During the current third-quarter consolidated cumulative period, in response to the recent surge in prices of chemical fertilizer raw materials, a subsidy under the “Emergency Project to Support Procurement of Chemical Fertilizer Raw Materials,” an emergency Ministry of Agriculture, Forestry and Fisheries support program designed to ensure a stable supply of raw-material procurement by fertilizer manufacturers, was estimated. Of the ¥910 million, ¥794 million was deducted from cost of sales and ¥115 million from raw materials.」
Regarding the Emergency Measures Program to Support Procurement of Raw Materials for Chemical Fertilizers, the estimated subsidy amount is ¥910 million, of which ¥794 million has been deducted from cost of sales and ¥115 million from raw materials. The amounts have been updated from the previous quarter's disclosure. - FY2023-Q2AdvancedAnnual report
「In response to these conditions, the government is taking measures to mitigate the impact on agricultural production, including implementing the “Emergency Project to Support Procurement of Chemical Fertilizer Raw Materials,” which supports fertilizer manufacturers’ procurement of raw materials, and the “Project to Address Soaring Fertilizer Prices,” which supports part of the increase in fertilizer costs for farmers working to reduce their use of chemical fertilizers. During the current second-quarter consolidated cumulative period, in response to the recent surge in prices of chemical fertilizer raw materials, a subsidy under the “Emergency Project to Support Procurement of Chemical Fertilizer Raw Materials,” an emergency Ministry of Agriculture, Forestry and Fisheries support program designed to ensure a stable supply of raw-material procurement by fertilizer manufacturers, was estimated. Of the ¥718 million, ¥632 million was deducted from cost of sales and ¥85 million from raw materials.」
In addition to support for raw-material procurement, the “Project to Address Soaring Fertilizer Prices,” which supports part of the increase in fertilizer costs for farmers, was presented. For raw-material procurement support, a subsidy of ¥718 million was estimated, with ¥632 million deducted from cost of sales and ¥85 million from raw materials. - FY2023-Q1First statedAnnual report
「In response to these conditions, the government is taking measures to ensure a stable supply of fertilizer, including implementing the “Emergency Project to Support Procurement of Chemical Fertilizer Raw Materials,” which provides support such as procurement from alternative countries for major fertilizer raw materials that fertilizer manufacturers need to procure by this autumn.」
As a response to surging international market prices and tight supplies of fertilizer raw materials, a government program supporting procurement from alternative countries and other measures has been described specifically for the first time. In the additional information, a subsidy of ¥233 million under the program was estimated, and ¥233 million was deducted from cost of sales and ¥59 million from raw materials.