Risk that Long-Term Pesticide R&D Will Not Reach Practical Application
First written in FY2016. 3 of 4 entries say "Restated". Latest entry: FY2020.
The whole theme swung hardest in 2026: 14 of 29 companies on the "Worse" side.
76 other companies' latest entry also says "Restated".
- FY2020RestatedAnnual report
「In R&D, particularly in the agricultural chemicals business, development takes a long time to confirm efficacy and safety, and the upfront costs of R&D and commissioned testing are substantial. If a research project does not reach commercialisation, it may have a material impact on the Group’s results.」
The company continues to disclose the lengthy nature of agrochemical R&D, substantial upfront investment, and the potential impact on results if research does not reach commercialisation. - FY2018RestatedAnnual report
「The Group invests substantial management resources in developing new products. In R&D, particularly in the agricultural chemicals business, development takes a long time to confirm efficacy and safety. If a research project does not reach commercialisation, it may have a material impact on the Group’s results.」
The company reiterates the lengthy nature of agrochemical R&D, the allocation of management resources, and the potential impact on results if research does not reach commercialisation. - FY2017RestatedAnnual report
「The Group invests substantial management resources in developing new products. In R&D, particularly in the agricultural chemicals business, development takes a long time to confirm efficacy and safety. If a research project does not reach commercialisation, it may have a material impact on the Group’s results.」
The company reiterates the lengthy nature of agrochemical R&D and the potential impact on results if it does not reach commercialisation. - FY2016First statedAnnual report
「In R&D, particularly in the agricultural chemicals business, development takes a long time to confirm efficacy and safety. If a research project does not reach commercialisation, it may have a material impact on the Group’s results.」
The company identifies the lengthy nature of agrochemical development and the potential impact if a research project does not reach commercialisation as risks.