Nichino India's Sluggish Sales and Related Goodwill Impairment
First written in FY2025. 2 of 3 entries say "Mitigated", first in 2026-05-13. Latest entry: FY2026.
The whole theme swung hardest in 2026: 17 of 32 companies on the "Worse" side.
11 other companies' latest entry also says "Mitigated".
- FY2026MitigatedAnnual report
「At Nichino India Pvt. Ltd., net sales increased year on year as sales to industry peers increased.」
The company explains that sales at Nichino India, which experienced weak sales and a full impairment of related goodwill in the previous fiscal year, increased year on year due to higher sales to industry peers. However, it continues to identify the company’s recovery as a challenge. - 2026-05-13MitigatedRevision of earnings forecasts
「At Nichino India Pvt. Ltd., net sales increased year on year as sales to industry peers increased.」
After recording sluggish sales and an impairment loss on related goodwill at Nichino India, net sales exceeded the previous fiscal year as sales to industry peers increased. - FY2025First statedAnnual report
「In March 2015, the company acquired shares in Hyderabad Chemical Pvt. Ltd., an Indian agrochemical manufacturer and distributor, with the aim of establishing a direct-sales structure and acquiring production capabilities in India, a rapidly growing agrochemical market, and made the company a consolidated subsidiary. However, sales at the company stagnated in the fiscal year ended March 2025 due to factors including the impact of inventory held in distribution channels amid adverse weather conditions in India, and its performance diverged significantly from the original plan. Accordingly, the company recognized the full carrying amount of goodwill related to the company as an extraordinary loss.」
Sales at Nichino India diverged significantly from the original plan, and the full amount of goodwill, ¥2,328 million, was recognized as an impairment loss. The company newly established this risk separately from its existing business acquisition and business investment risks because the company concerned, the factors involved and the amount had become specific.