Growth Strategy and the Pursuit of a Highly Profitable Business Structure through AGG2018
First written in FY2017-Q1. 20 of 33 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「In the final year of its medium-term management plan “Growing Global for Sustainability (GGS),” the fiscal year ending March 2027, the Group continues to position the promotion of sustainability management as its growth strategy and has set the following numerical targets: operating profit of ¥10.8 billion, net sales of ¥120.0 billion, ROE of 8% or higher, overseas sales of ¥90.0 billion, an overseas sales ratio of 75%, capital investment of approximately ¥8.0 billion over 3 years, and research and development investment of approximately ¥20.0 billion over 3 years.」
The company presented specific numerical targets for the final year of GGS. In the fiscal year under review, net sales were ¥111.822 billion and operating profit was ¥10.878 billion. Operating profit exceeded the target for the final year, while net sales fell short of the target. - 2026-05-13AdvancedRevision of earnings forecasts
「Against this business backdrop, the Group worked on the medium-term management plan Growing Global for Sustainability (GGS), deepening its business strategies, advancing environmental management, and promoting human capital management, with the aim of achieving both the sustainability of society as a whole and that of the Group.」
The Company has reconfirmed its efforts under GGS as its management policy for the fiscal year, continuing to advance its business strategy, environmental management, and human capital management. - FY2026-H1AdvancedAnnual report
「The Group’s main initiatives during the interim consolidated accounting period included reaching an agreement with BASF Japan Ltd. (hereinafter, “BASF”) to sell products for the fruit-growing sector in Japan through exclusive domestic supply under BASF trademarks and registration numbers, with the aim of expanding its businesses and earnings for sustained Group growth. The Group also promoted initiatives to create new sources of revenue, including filing a patent application toward commercialization of production technology for high-value-added compounds using naturally derived raw materials through open innovation with RIKEN’s Center for Sustainable Resource Science.」
Under GGS, the company reports specific progress toward expanding its businesses and earnings, including the agreement with BASF for the exclusive domestic supply and sale of products for the fruit-growing sector and the patent application filed through open innovation with RIKEN. - FY2025AdvancedAnnual report
「Against this business backdrop, the Group adopted the vision “Global Innovator for Crop & Life,” and, in the fiscal year under review, the first year of its medium-term management plan “Growing Global for Sustainability (GGS),” achieved a degree of progress in strengthening sustainability management. This included acquiring rights related to the registration, development and sale of new biological fungicides, expanding the overseas rollout of smart agriculture, forming partnerships with external businesses, expanding the pharmaceutical business overseas, improving operating cash flow, advancing environmental management, and promoting human rights management.」
As the first year of GGS, the company reports specific progress in acquiring rights to new biological fungicides, expanding smart agriculture overseas, forming external partnerships, expanding the pharmaceutical business overseas, improving cash flow, and advancing environmental and human rights management. - FY2025-H1ReframedAnnual report
「Against this backdrop, the Group pursued its medium-term management plan, “Growing Global for Sustainability (GGS),” seeking to balance the sustainability of society as a whole with that of the Group by deepening its business strategies, advancing environmental management, and promoting human capital management.」
The medium-term management plan was updated from the previous EGG2 to GGS, with the advancement of environmental management and human capital management, in addition to deeper business strategies, identified as key initiatives under the plan. - FY2024-Q3RestatedAnnual report
「Under these circumstances, the Group implemented the medium-term management plan “Ensuring Growing Global 2 (EGG2)” and sought to improve profitability, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
Under EGG2, the company has reaffirmed its policy of pursuing improved profitability, technological innovation, the establishment of next-generation businesses, and sustained growth in corporate value. No new achievement milestones have been disclosed. - FY2024-Q2RestatedAnnual report
「Under these circumstances, the Group implemented the medium-term management plan “Ensuring Growing Global 2 (EGG2)” and sought to improve profitability, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
Under EGG2, the company has reaffirmed its policy of pursuing improved profitability, technological innovation, the establishment of next-generation businesses, and sustained growth in corporate value. - FY2024-Q1RestatedAnnual report
「Under these circumstances, the Group implemented the medium-term management plan “Ensuring Growing Global 2 (EGG2)” and sought to improve earnings, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
The Group has reaffirmed its policy under EGG2 of seeking to improve earnings, pursue technological innovation, establish next-generation businesses and sustainably enhance corporate value. - FY2023AchievedAnnual report
「During the fiscal year under review, the second year of the medium-term management plan “Ensuring Growing Global 2 (EGG2),” we achieved the ¥100 billion sales target, helped in part by the positive impact of the weaker yen.」
The Group achieved EGG2’s ¥100 billion sales target in the second year of the fiscal year under review, before the final year of the plan. - FY2023-Q2RestatedAnnual report
「Under these circumstances, the Group is implementing the medium-term management plan “Ensuring Growing Global 2 (EGG2)” and aims to improve profitability, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
The Group has reaffirmed its plan under EGG2 to improve profitability, pursue technological innovation, establish next-generation businesses and sustainably enhance corporate value. - FY2023-Q1RestatedAnnual report
「Under these circumstances, the Group is implementing the medium-term management plan “Ensuring Growing Global 2 (EGG2)” and aims to improve earnings, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
The Group has reaffirmed its plan under EGG2 to improve earnings, pursue technological innovation, establish next-generation businesses and sustainably enhance corporate value. - FY2022AdvancedAnnual report
「Against this business environment, under the Group vision “Nichino Group－Growing Global,” the Group achieved a measure of success in strengthening its business foundations during the fiscal year under review, the first year of the medium-term management plan “Ensuring Growing 2 (EGG2),” including obtaining registrations and promoting development of priority products in target markets, enhancing the drug-discovery pipeline, promoting development of next-generation businesses, strengthening its sales and manufacturing structure in India, responding to smart agriculture, and promoting operational and workplace reforms.」
In the first year of EGG2, the Group reported a measure of success in areas including registration and development of priority products, the pipeline, next-generation businesses, its sales and manufacturing structure in India, smart agriculture and operational reforms. - FY2022-Q3RestatedAnnual report
「Under these circumstances, the Group is implementing the new three-year medium-term management plan “Ensuring Growing Global 2 (EGG2),” beginning this fiscal year, and aims to improve profitability, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
As the first year of EGG2, the Group has reaffirmed its policy of seeking to improve profitability, pursue technological innovation, establish next-generation businesses and sustainably enhance corporate value. - FY2022-Q2RestatedAnnual report
「Under these circumstances, the Group is implementing the new three-year medium-term management plan “Ensuring Growing Global 2 (EGG2),” beginning this fiscal year, and aims to improve profitability, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
As the first year of EGG2, the Group has reaffirmed its policy of seeking to improve profitability, pursue technological innovation, establish next-generation businesses and sustainably enhance corporate value. - FY2022-Q1RestatedAnnual report
「Under these circumstances, the Group is implementing the new three-year medium-term management plan “Ensuring Growing Global 2 (EGG2),” beginning this fiscal year, and aims to improve profitability, establish next-generation businesses through technological innovation, and sustainably enhance corporate value.」
As the first year of EGG2, the Group has reaffirmed its policy of seeking to improve profitability, pursue technological innovation, establish next-generation businesses and sustainably enhance corporate value. - FY2021ReframedAnnual report
「Under the new medium-term management plan “Ensuring Growing Global 2 (EGG2),” beginning in the fiscal year ending March 2022, we plan to maximize the earnings contribution of investments and acquisitions completed to date while expanding the scale of our operations through further execution of the growth strategy. In the fiscal year ending March 2024, the final year of the plan, we will target operating profit of ¥6.4 billion and sales of ¥89 billion, while seeking sales of ¥100 billion through further execution of the growth strategy and expansion of our operations.」
The Group updated its medium-term plan from EGG2021 to EGG2, continuing to monetize existing investments and acquisitions and pursue the growth strategy, while setting targets for the fiscal year ending March 2024 of ¥6.4 billion in operating profit, ¥89 billion in sales and target sales of ¥100 billion. - FY2021-Q3RestatedAnnual report
「Under these circumstances, the Group is implementing the medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” and aims to improve profitability and strengthen Group capabilities.」
The Group has reaffirmed its policy of seeking to improve profitability and strengthen Group capabilities under EGG2021. - FY2021-Q2RestatedAnnual report
「Under these circumstances, the Group is implementing the medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” and aims to improve profitability and strengthen Group capabilities.」
The Group has reaffirmed its policy of seeking to improve profitability and strengthen Group capabilities under EGG2021. - FY2021-Q1RestatedAnnual report
「Under these circumstances, the Group is implementing the medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” and aims to improve profitability and strengthen Group capabilities.」
The Group has reaffirmed its policy of seeking to improve profitability and strengthen Group capabilities under EGG2021. - FY2020-Q3RestatedAnnual report
「Under these circumstances, the Group is implementing the medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” and aims to improve profitability and strengthen Group capabilities.」
The Group has reaffirmed its policy of seeking to improve profitability and strengthen Group capabilities under EGG2021. - FY2020-Q1RestatedAnnual report
「Under these circumstances, the Group is implementing the new medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” beginning this fiscal year, and aims to improve profitability and strengthen Group capabilities.」
As the first year of EGG2021, the Group has reaffirmed its policy of seeking to improve profitability and strengthen Group capabilities. - FY2019-Q4RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” beginning in fiscal 2019. With “improving profitability” and “strengthening Group capabilities” as its two pillars, we will accelerate the earnings contribution of growth strategies implemented to date and strengthen the foundations for making Growing Global firmly established. In addition, we will continue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group has reaffirmed its policy under EGG2021, beginning in fiscal 2019, of accelerating the earnings contribution of existing growth strategies and continuing M&A and other initiatives, centered on improving profitability and strengthening Group capabilities. - FY2019-Q3RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Ensuring Growing Global 2021 (EGG2021): Making Growing Global a certainty!” beginning in fiscal 2019. With “improving profitability” and “strengthening Group capabilities” as its two pillars, we will accelerate the earnings contribution of growth strategies implemented to date and strengthen the foundations for making Growing Global firmly established. In addition, we will continue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group is implementing EGG2021 from its first year, focusing on improving profitability and strengthening Group capabilities, while accelerating the earnings contribution of existing growth strategies and continuing business expansion through M&A and other initiatives. No new numerical targets or achievement milestones are stated. - FY2018ReframedAnnual report
「Under the new medium-term management plan “Ensuring Growing Global (EGG2021): Making Growing Global a certainty!” beginning in fiscal 2019, we plan to maximize the earnings contribution of investments and acquisitions completed to date while expanding the scale of our operations through further execution of the growth strategy. In fiscal 2021, the final year of the plan, we will target sales of ¥80 billion from existing businesses and sales of ¥100 billion through the realization of new growth strategies.」
The Group shifted its medium-term plan from AGG2018 to EGG2021, reorganizing it around two pillars, improved profitability and stronger Group capabilities, rather than growth strategy and improved profitability. The fiscal 2021 targets are ¥80 billion in sales from existing businesses and ¥100 billion in total sales, including new growth strategies. - FY2019-Q1RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016. With “promoting the growth strategy” and “improving profitability” as its two pillars, we will pursue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group has reaffirmed AGG2018’s three-year plan, its two pillars of “promoting the growth strategy” and “improving profitability,” and business expansion through M&A, alliances and product acquisitions. - FY2018-Q4RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016. With “promoting the growth strategy” and “improving profitability” as its two pillars, we will pursue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group continues to uphold AGG2018, its two pillars of “promoting the growth strategy” and “improving profitability,” and business expansion through M&A, alliances and product acquisitions. - FY2018-Q3RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016. With “promoting the growth strategy” and “improving profitability” as its two pillars, we will pursue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group continues to set out AGG2018, its two pillars of “promoting the growth strategy” and “improving profitability,” and business expansion through M&A and other initiatives. - FY2017SoftenedAnnual report
「We were forced to revise the fiscal 2018 sales target from ¥75 billion to ¥70 billion. The timing for achieving the ¥100 billion sales target remains fiscal 2021, as in the previous plan.」
While reducing AGG2018’s final-year sales target from ¥75 billion to ¥70 billion, the Group has maintained fiscal 2021 as the timing for achieving ¥100 billion. The plan also continues to describe initiatives including M&A, alliances and product acquisitions, centered on the growth strategy and improved profitability. - FY2018-Q1RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016. With “promoting the growth strategy” and “improving profitability” as its two pillars, we will pursue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group continues to set out AGG2018, its two pillars of “promoting the growth strategy” and “improving profitability,” and business expansion through M&A and other initiatives. - FY2017-Q4RestatedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016. With “promoting the growth strategy” and “improving profitability” as its two pillars, we will pursue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
The Group continues to set out AGG2018, its two pillars of “promoting the growth strategy” and “improving profitability,” and business expansion through M&A and other initiatives. - FY2017-Q3ReframedAnnual report
「As described above, we have formulated the three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016. With “promoting the growth strategy” and “improving profitability” as its two pillars, we will pursue initiatives to expand the business, including M&A, alliances and product acquisitions, and expand the scale of our operations.」
While continuing AGG2018, the wording related to earnings has changed from “pursuing a highly profitable business structure” to “improving profitability.” - FY2016SoftenedAnnual report
「However, due to the appreciation of the yen, stagnation in emerging-market pesticide markets caused by the expansion of GMO crops and adverse weather conditions, and an expected near-term decline in sales resulting from excess distribution inventories worldwide, we were forced to revise the fiscal 2018 sales target, the final year of the current medium-term plan, from ¥100 billion to ¥75 billion. Accordingly, we set the timing for achieving the ¥100 billion sales target at fiscal 2021.」
The Group reduced AGG2018’s final-year sales target from ¥100 billion to ¥75 billion and postponed achievement of the ¥100 billion target to fiscal 2021. - FY2017-Q1First statedAnnual report
「In line with the future vision described above, we formulated the new three-year medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing toward a global company,” beginning in fiscal 2016, and are pursuing the growth strategy and a highly profitable business structure.」
The Group set out growth and profitability under the three-year plan beginning in fiscal 2016.