Risk of Dependence on Fertilizer Sales to Agricultural Cooperatives
First written in FY2016. 21 of 29 entries say "Restated". Latest entry: 2026-06-26.
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- 2026-06-26RestatedGovernance
「全農は、2026 年３月 31 日現在、当社議決権の 24.35％を所有するその他の関係会社であります。全農向け売上高が 62.4％（2026 年３月期）と高い比率にあり、当社は全農グループの肥料の主要製造拠点として位置づけられております。」
全農の議決権所有割合、売上高に占める比率及び主要製造拠点としての位置付けを、支配株主等との関係に関する開示で再確認している。依存度の数値はFY2026の有価証券報告書記載と同じであり、実質的な変化は確認できない。 - FY2026WorsenedAnnual report
「National Federation of Agricultural Cooperative Associations ¥25,710 million 62.1% ¥26,630 million 62.4%」
Sales to the National Federation of Agricultural Cooperative Associations were ¥26,630 million, accounting for 62.4% of total sales, up from 62.1% in the previous fiscal year. Dependence on this customer remains high. - FY2025MitigatedAnnual report
「National Federation of Agricultural Cooperative Associations ¥26,414 million 64.1% ¥25,710 million 62.1%」
Sales to the National Federation of Agricultural Cooperative Associations fell from 64.1% of total sales in the previous fiscal year to 62.1%, but it remains the largest customer. - FY2025-H1RestatedAnnual report
「During the interim consolidated accounting period, there were no new major risks or significant changes to the business risks described in the annual securities report that management recognized as potentially having a material effect on the financial position, operating results, or cash flows of the consolidated companies, among the matters concerning business conditions and financial matters described in this Semiannual Report.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2024-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2024-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2024-Q1RestatedAnnual report
「During the three-month period ended 30 June, there were no new risks that management recognizes as having the potential to materially affect the financial position, operating results or cash flows of the consolidated companies, and no material changes to the business risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2023-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2023-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2022-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that management recognizes could materially affect the financial position, operating results and cash flows of the consolidated companies, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2021-Q3RestatedAnnual report
「In addition, measures by the government and the National Federation of Agricultural Cooperative Associations, our largest customer, to reduce production material prices are further accelerating price competition in the industry.」
The price reduction measures of the National Federation of Agricultural Cooperative Associations, our largest customer, continue to affect the sales environment, including that of agricultural cooperative organizations. - FY2021-Q2RestatedAnnual report
「The government and the National Federation of Agricultural Cooperative Associations, our largest customer, are taking measures to reduce production material prices, intensifying price competition in the industry.」
Price reduction measures by agricultural cooperative organizations, including the National Federation of Agricultural Cooperative Associations, our largest customer, and their impact on the sales environment continue. - FY2021-Q1RestatedAnnual report
「The government and the National Federation of Agricultural Cooperative Associations, our largest customer, are taking measures to reduce production material prices, intensifying price competition in the industry.」
Price reduction measures by agricultural cooperative organizations, including the National Federation of Agricultural Cooperative Associations, our largest customer, and their resulting impact on the sales environment continue. - FY2020WorsenedAnnual report
「National Federation of Agricultural Cooperative Associations ¥23,659 million 63.0%」
Sales to the National Federation of Agricultural Cooperative Associations rose from 62.5% of total sales in the previous fiscal year to 63.0%, and sales remain concentrated among agricultural cooperative organizations. - FY2020-Q2RestatedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, is implementing a centralized purchasing system aimed at reducing fertilizer prices, further intensifying price competition in the shrinking fertilizer market.」
The implementation of the centralized purchasing system by the National Federation of Agricultural Cooperative Associations, our largest customer, and the impact on the sales environment involving agricultural cooperative organizations, including that customer, continue. - FY2020-Q1RestatedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, is implementing a centralized purchasing system aimed at reducing fertilizer prices, further intensifying price competition in the shrinking market.」
The National Federation of Agricultural Cooperative Associations' centralized purchasing system has been implemented, and the intensification of price competition arising from dependence on agricultural cooperative organizations for sales continues. - FY2019WorsenedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, has expanded the products covered by its centralized purchasing system to reduce fertilizer prices, further intensifying price competition in the shrinking market.」
Against the backdrop of dependence on agricultural cooperative organizations for sales, the products covered by the National Federation of Agricultural Cooperative Associations' centralized purchasing system expanded, and the proportion of sales to that customer increased from 51.6% to 62.5%. - FY2019-Q3MaterialisedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, has expanded the product categories covered by its centralized purchasing system this fiscal year to reduce fertilizer prices. As price competition in the industry intensifies, competition for the shrinking market is accelerating. In the fertilizer business, sales increased to ¥20,502 million, up 1.8% year on year, as a result of sales efforts focused on fertilizers that reduce the labor required for fertilizer application and functional fertilizers that also improve soil quality. However, margins were reduced to secure orders for centrally purchased products. Although this led to an increase in orders, profit declined, and segment profit fell 21.6% year on year to ¥898 million.」
The expansion of the product categories covered by the largest customer's centralized purchasing system has been implemented, and the impact of dependence on agricultural cooperative organizations for sales is reflected in actual results through reduced margins to secure orders and lower segment profit. - FY2019-Q2MaterialisedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, has expanded the product categories covered by its centralized purchasing system this fiscal year to reduce fertilizer prices. As price competition in the industry intensifies, competition for the shrinking market is accelerating.」
The expansion of the product categories covered by the National Federation of Agricultural Cooperative Associations' centralized purchasing system has entered the implementation stage, and price competition and competition for demand arising from dependence on agricultural cooperative organizations are becoming a reality. - FY2019-Q1WorsenedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, has expanded the product categories covered by its centralized purchasing system this fiscal year to reduce fertilizer prices. As price competition in the industry intensifies, competition for the shrinking market is accelerating.」
The product categories covered by the largest customer's centralized purchasing system have been expanded, broadening the impact of price competition and competition for demand arising from dependence on agricultural cooperative organizations. - FY2018RestatedAnnual report
「Agricultural cooperative organizations, including the National Federation of Agricultural Cooperative Associations, account for a large share of domestic fertilizer distribution, and the Group also depends on these organizations for most of its fertilizer sales. If their share of distribution were to decline substantially for any reason, or if distribution became difficult, this could affect the Group's operating performance and financial position.」
The continuing risk of dependence on agricultural cooperative organizations, particularly the National Federation of Agricultural Cooperative Associations, for fertilizer sales is explicitly identified. - FY2018-Q3RestatedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, is purchasing some compound fertilizers through a centralized purchasing system aimed at reducing fertilizer prices, intensifying price competition in the industry and leading to increased competition for persistently weak demand.」
The purchasing system of the National Federation of Agricultural Cooperative Associations, our largest customer, continues to be identified as a factor affecting the fertilizer sales environment. - FY2018-Q2RestatedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, began purchasing some compound fertilizers this autumn through a centralized purchasing system aimed at reducing fertilizer prices, intensifying price competition in the industry and leading to increased competition for persistently weak demand.」
The business relationship with the National Federation of Agricultural Cooperative Associations, our largest customer, and its purchasing system continue to be identified as factors affecting the fertilizer sales environment. - FY2018-Q1RestatedAnnual report
「The National Federation of Agricultural Cooperative Associations, our largest customer, is also seeking to reduce fertilizer prices through substantial product consolidation and centralized purchasing, and its impact on the fertilizer industry is inevitable.」
The National Federation of Agricultural Cooperative Associations is explicitly identified as the largest customer, and the continuing dependence on agricultural cooperative organizations for transactions is indicated. - FY2017RestatedAnnual report
「Agricultural cooperative organizations, including the National Federation of Agricultural Cooperative Associations, account for a large share of domestic fertilizer distribution, and the Group also depends on these organizations for most of its fertilizer sales. If their share of distribution were to decline substantially for any reason, or if distribution became difficult, this could affect the Group's operating performance and financial position.」
The risks of dependence on agricultural cooperative organizations for sales, as well as a decline in their distribution share and disruption to distribution, continue to be explicitly identified. - FY2017-Q3RestatedAnnual report
「During the cumulative third quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is comprehensively stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2017-Q2RestatedAnnual report
「During the cumulative second quarter under review, there were no significant changes in the matters described in this quarterly report regarding the business and accounting conditions that could materially affect investors’ decisions, or in the “Business and Other Risks” described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for fertilizer sales. - FY2017-Q1RestatedAnnual report
「During the first quarter of the current consolidated cumulative period, there were no occurrences of matters that could materially affect investors’ investment decisions among the matters relating to the business and financial position described in this quarterly report, nor were there any material changes to the “Business and Other Risks” described in the annual securities report for the previous fiscal year.」
It is comprehensively stated that there have been no material changes in the risk of dependence on agricultural cooperative organizations for sales. - FY2016First statedAnnual report
「Agricultural cooperative organizations, including the National Federation of Agricultural Cooperative Associations, account for a large share of domestic fertilizer distribution, and the Group also depends on these organizations for most of its fertilizer sales. If their share of distribution were to decline substantially for any reason, or if distribution became difficult, this could affect the Group's operating performance and financial position.」
Dependence on agricultural cooperative organizations for sales, along with the risks of a decline in their distribution share and disruption to distribution, is identified as a risk.