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Nippon Soda (4041) · RiskMaterialised

High R&D and Outsourced Testing Costs Associated with New Pesticide Development and Expanded Applications

First written in FY2019. 5 of 8 entries say "Materialised", first in FY2020-Q1. Latest entry: FY2026.

8entries
8years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseMaterialisedFY2020-Q1 – FY2020MitigatedFY2021-Q2WorsenedFY2024 – FY20262019: 320192020: 320202021: 020212022: 020222023: 020232024: 120242025: 020252026: 12026
Same theme, other companies
Risk of Rising R&D Expenses and Development Investment BurdenA theme 23 companies write about · 24 as a headwind · 0 as a tailwind

Nippon Soda moved to the "Worse" side of this theme in 2019, 2 years before the typical company in this theme (2021).

The whole theme swung hardest in 2019: 5 of 14 companies on the "Worse" side.

0 other companies' latest entry also says "Materialised".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 23 companies compared. The sentences above are computed from all 23.
Full recordFilings, disclosures and news, newest first
  1. FY2026MaterialisedAnnual report

    「Total research and development expenses were ¥7,098 million, equivalent to 4.7% of consolidated net sales.」

    Research and development expenses increased from ¥6,422 million in the previous fiscal year to ¥7,098 million, while research and development expenses in the Agribusiness were ¥4,600 million. The cost burden associated with new agrochemical development and other activities was confirmed in the actual results.
  2. FY2024WorsenedAnnual report

    「In the Agribusiness, we expect to continue adjusting shipments in some regions to optimize distribution inventories, and research and development expenses to increase as the development of new agrochemicals progresses.」

    The expected increase in research and development expenses related to new agrochemicals as development progresses was indicated again after a decline had been reported in the previous fiscal year.
  3. FY2021-Q2MitigatedAnnual report

    「In addition, research and development expenses and outsourced testing expenses associated with developing new agrochemicals declined.」

    Research and development expenses and outsourced testing expenses associated with new agrochemical development, which had remained high and continued to increase since the previous fiscal year, declined during the cumulative second-quarter period.
  4. FY2020MaterialisedAnnual report

    「Although exports of the insecticide “Mospilan” grew, outsourced testing expenses associated with developing new agrochemicals and expanding the applications of existing products increased.」

    The increase in outsourced testing expenses associated with new agrochemical development and expanded applications of existing products also occurred for the full year and became a factor behind lower operating income in the Agricultural Chemicals business.
  5. FY2020-Q3MaterialisedAnnual report

    「During the cumulative third-quarter period, net sales were ¥10,354 million, up 2.5% year on year, and operating income was ¥307 million, up 58.5%, due to firm export sales despite increased research and development expenses and outsourced testing expenses in the Agricultural Chemicals business, as well as increased plant construction projects in the Construction business.」

    The increase in research and development expenses and outsourced testing expenses associated with new agrochemical development and expanded applications of existing products actually occurred in the third quarter as well.
  6. FY2020-Q2MaterialisedAnnual report

    「In the Agricultural Chemicals business, exports of the insecticide “Mospilan” increased, and the Plant Health business of Zoetis Japan K.K., acquired in the previous year, contributed to earnings through the insecticide “Glingard” and fungicide “Agrimycin.” However, exports of products including the fungicide “Topsin M” declined. Research and development expenses and outsourced testing expenses associated with developing new agrochemicals and expanding the applications of existing products also increased.」

    The increase in research and development expenses and outsourced testing expenses associated with new agrochemical development and expanded applications of existing products continued, and the Agricultural Chemicals business posted an operating loss of ¥1,283 million.
  7. FY2020-Q1MaterialisedAnnual report

    「In the cumulative first quarter, the company began selling new products in the Chemicals Business and saw an increase in plant construction work in the Construction Business. However, due to higher raw material prices and increased R&D and contract testing expenses, sales were ¥33,083 million, up 2.3% year on year, and operating income was ¥982 million, down 40.6% year on year.」

    The actual increase in research and development expenses and outsourced testing expenses associated with new agrochemical development and expanded applications of existing products, which had been expected to remain high in the previous fiscal year, emerged as a factor behind lower operating income.
  8. FY2019First statedAnnual report

    「Research and development expenses and outsourced testing expenses associated with developing new agrochemicals and expanding the applications of existing products are expected to remain high.」

    The sustained high level of research and development expenses and outsourced testing expenses associated with new agrochemical development and expanded applications of existing products was first identified separately as a burden for the next fiscal year.
Moved together

"Three Priority Measures: Growth, Strengthening the Foundation, and Harnessing the Group’s Collective Strength" moved the same way as this thread, in the same document, in 3 of its 8 moves.

333222★123456
  1. ★This thread
  2. 1Three Priority Measures: Growth, Strengthening the Foundation, and Harnessing the Group’s Collective Strength3×
  3. 2Increase in Outstanding Debt Guarantees to Novus3×
  4. 3Impairment Risk from Declining Business Profitability3×
  5. 4“Chemigress to 100” toward the company’s 100th anniversary2×
  6. 5Foreign Exchange Risk from Yen Appreciation and the Translation of Overseas Subsidiaries2×
  7. 6Risk of shortages and price increases in key raw materials2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
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