Promotion and Sales Expansion of Internally Developed Products and Expansion of Overseas Operations

「Net sales for the first quarter of the fiscal year increased to ¥31,087 million, up ¥3,954 million, or 14.6%, year on year, mainly because sales increased in each region, particularly Japan, Europe, and the US, in the core crop protection business.」

「In Japan, total domestic sales exceeded the same period of the previous year, driven by expanded sales of Corteva products and the launch of BASF products for the fruit-tree segment. Overseas, Nichino America, Inc. and Nichino Europe Co., Ltd. each posted record-high sales.」

「In domestic agrochemical sales, the area under paddy rice cultivation increased as higher rice prices strengthened production incentives, and sales of products for paddy rice, including core internally developed products, remained strong. As a result, total domestic sales exceeded the same period of the previous year. In overseas agrochemical sales, sales of the herbicide pyraflufen-ethyl to Canada remained strong in North America. Sales of the acaricide fenpyroximate for fruit trees also remained strong because of widespread mite infestations resulting from continued dry weather in some areas. In Central and South America, Sipcam Nichino Brasil S.A.'s sales increased year on year as a result of efforts to optimise distribution inventories in Brazil. In Europe, sales of flu­benz­di­amide technical material to Bayer increased, while sales of pyraflufen-ethyl for fruit trees and potatoes and the acaricide fenpyroximate for fruit trees remained strong. In Asia, sales in India remained strong, particularly to industry peers. As a result, total overseas sales exceeded the same period of the previous year.」

「In domestic agrochemical sales, the company worked to expand the adoption and sales of core internally developed products, including the paddy rice insecticide benzpyrimoxan (trade name: Orchestra) and the horticultural fungicide pyraziflumid (trade name: Parade). Overall domestic agrochemical sales exceeded the previous fiscal year, partly because sales of Corteva products were strong.」

「In domestic agrochemical sales, the company worked to expand the adoption and sales of its core internally developed products, including the paddy rice insecticide benzpyrimoxan (trade name: Orchestra). Overall domestic sales exceeded the same period of the previous year, partly because sales of Corteva products were strong. In overseas agrochemical sales, revenue increased in North America, partly because sales of pyraflufen-ethyl to Canada were strong amid increased herbicide demand resulting from heavy rainfall. In Europe, sales of flu­benz­di­amide technical material to Bayer declined, but herbicide sales remained strong in the Benelux countries and the UK due to heavy rainfall, driving higher revenue at Nichino Europe Co., Ltd. In Central and South America, initiatives to develop new applications for internally developed products and increased fungicide demand resulting from heavy rainfall in Brazil, the world's largest agrochemical market, produced results. However, sales to industry peers stagnated amid intensifying competition and other factors, resulting in lower sales. In Asia, sales in India remained sluggish because heavy rainfall in some regions reduced opportunities to apply agrochemicals, while distribution inventories accumulated as a result of the previous year's drought also weighed on sales. As a result, total overseas sales were below the same period of the previous year.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as benzpyrimoxan (product name: Orchestra). However, sales were sluggish due to limited pest and disease outbreaks caused by adverse weather and the effects of distribution inventory from prior years, and total domestic sales fell below the year-earlier period.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as benzpyrimoxan (product name: Orchestra). However, sales were sluggish due to limited pest and disease outbreaks caused by adverse weather and the effects of distribution inventory from prior years, and total domestic sales fell below the year-earlier period. In overseas agricultural chemicals, sales at Sipcam Nichino Brasil S.A. increased as heavy rainfall expanded demand for sugarcane herbicides in Brazil, the world’s largest agricultural chemicals market. In Asia, although sales were affected by adverse weather, including a delayed rainy season in India, a sales strategy promoting internally developed products such as the horticultural insecticides tolfenpyrad and pyrifluquinazon was successful, and sales at Nichino India Pvt. Ltd. remained firm. In Europe, use of the potato herbicide pyraflufen-ethyl declined due to drought, leaving sales at Nichino Europe Co., Ltd. sluggish. In North America, continued cold weather resulted in fewer pest outbreaks than usual and weak demand for insecticides such as the miticide fenpyroximate, leaving sales at Nichino America Inc. sluggish. As a result, total overseas sales fell below the year-earlier period despite the yen continuing to trend weaker.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the rice insecticide benzpyrimoxan (product name: Orchestra). However, sales were sluggish due to the effects of distribution inventory from prior years, and total domestic sales fell below the year-earlier period. In overseas agricultural chemicals, sales at Sipcam Nichino Brasil S.A. increased as heavy rainfall expanded demand for sugarcane herbicides in Brazil, the world’s largest agricultural chemicals market. In North America, continued cold weather resulted in fewer pest outbreaks than usual and lower demand for insecticides, leaving sales at Nichino America Inc. sluggish. In Asia, sales at Nichino India Pvt. Ltd. were weak as adverse weather, including a delayed rainy season, reduced spraying opportunities.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the horticultural insecticide pyrifluquinazon (product name: Colt).」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the horticultural insecticide pyrifluquinazon (product name: Colt). To expand its share of the domestic agricultural chemicals market, the company entered into a sales agreement in May 2021 with Corteva Agriscience Japan Co., Ltd. and Dow AgroSciences Japan Ltd. (now Corteva Japan Co., Ltd.; collectively, “Corteva”) and began selling Corteva products in October of the same year. Total domestic sales therefore exceeded the year-earlier period. In overseas agricultural chemicals, sales at Sipcam Nichino Brasil S.A. increased as demand for agricultural chemicals in Brazil, the world’s largest agricultural chemicals market, continued to expand and demand for sugarcane herbicides rose. In North America, sales at Nichino America Inc. increased, mainly because sales of the insecticide buprofezin remained strong amid widespread whitefly outbreaks in cotton. In Europe, sales at Nichino Europe Co., Ltd. increased as sales of the herbicide pyraflufen-ethyl for potatoes remained strong, while sales of flubendiamide active ingredients to Bayer also remained strong. In Asia, the company conducted technical promotion activities to expand sales of the rice insecticide benzpyrimoxan in India. Total overseas sales exceeded the year-earlier period.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the horticultural insecticide pyrifluquinazon (product name: Colt). To expand its share of the domestic agricultural chemicals market, the company entered into a sales agreement in May 2021 with Corteva Agriscience Japan Co., Ltd. and Dow AgroSciences Japan Ltd. (collectively, “Corteva”) and began selling Corteva products in October of the same year. Total domestic sales therefore exceeded the year-earlier period. In overseas agricultural chemicals, sales at Sipcam Nichino Brasil S.A. increased as demand for agricultural chemicals in Brazil, the world’s largest agricultural chemicals market, continued to expand. In North America, sales of the fungicide flutolanil for peanuts increased. In Europe, demand for the herbicide pyraflufen-ethyl increased as it gained market share following the expiration of registrations for competing products, driving higher sales at Nichino Europe Co., Ltd.; sales of flubendiamide active ingredients to Bayer also remained strong. In Asia, sales of the horticultural insecticide tolfenpyrad in India remained strong for cotton and chili peppers. Total overseas sales exceeded the year-earlier period.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the horticultural insecticide pyrifluquinazon (product name: Colt). To expand its share of the domestic agricultural chemicals market, the company entered into sales agreements in May 2021 with Corteva Agriscience Japan Co., Ltd. and Dow AgroSciences Japan Ltd. (collectively, “Corteva”) and began selling Corteva products in October of the same year. Total domestic sales therefore exceeded the year-earlier period. In overseas agricultural chemicals, sales at Nichino America, Inc. increased as mite outbreaks were higher than usual in North America, where warm weather continued, increasing demand for the miticide fenpyroximate. In Europe, expanded sales of the herbicide pyraflufen-ethyl, which gained market share from competing products, drove higher sales at Nichino Europe Co., Ltd. In Brazil, where demand for agricultural chemicals was trending higher, sales at Sipcam Nichino Brasil S.A. increased, helped by the success of its sales strategy for sugarcane herbicides. Total overseas sales exceeded the year-earlier period.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the horticultural fungicide pyraziflumid (product name: Parade). In May 2021, to expand its share of the domestic agricultural chemicals market, the company entered into domestic sales agreements with Corteva Agriscience Japan Co., Ltd. and Dow AgroSciences Japan Ltd. (collectively, “Corteva”), and began selling Corteva products in October of the same year. As a result, total domestic agricultural chemicals sales exceeded the previous fiscal year.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the rice fungicide tiadinil (product name: V-Get) and the horticultural fungicide pyraziflumid (product name: Parade). In overseas agricultural chemicals, as distribution inventory from prior years was worked down in Asia, sales of the insecticide flubendiamide in India and the rice fungicide isoprothiolane in China remained strong. In Europe, higher-than-usual mite outbreaks increased sales of the miticides fenpyroximate and tebufenpyrad, driving higher sales at Nichino Europe Co., Ltd. In South America, sales at Sipcam Nichino Brasil S.A. increased as demand for agricultural chemicals in Brazil recovered and sales of flubendiamide, launched in the previous period, remained strong. In North America, sales at Nichino America, Inc. increased as peanut acreage expanded and demand for the fungicide flutolanil rose due to widespread southern blight. Total overseas sales exceeded the year-earlier period.」

「In overseas agricultural chemicals, sales of the insecticide flubendiamide in India and the rice fungicide isoprothiolane in China each remained strong as the distribution inventory from prior years was worked down in Asia. In Europe, sales at Nichino Europe Co., Ltd. were sluggish due to adverse weather and the effects of distribution inventory. In South America, sales at Sipcam Nichino Brasil S.A. increased as demand for agricultural chemicals in Brazil recovered and sales of flubendiamide, launched in the previous period, remained strong. In North America, sales at Nichino America, Inc. increased as peanut acreage expanded, demand for the fungicide flutolanil rose due to its outstanding efficacy against southern blight, and sales of the miticide fenpyroximate increased amid higher-than-usual mite outbreaks. Total overseas sales exceeded the year-earlier period.」

「The company began sales on 25 May of the new rice insecticide benzpyrimoxan (product name: Orchestra), which obtained agricultural chemical registration in Japan in September of the previous year. In overseas agricultural chemicals, results at Nichino India Pvt. Ltd. were sluggish, partly because production was temporarily suspended due to the spread of COVID-19. In North America, where warm, dry weather continued, mite outbreaks were higher than usual, increasing demand for the miticide fenpyroximate and driving higher sales at Nichino America, Inc. In Europe, expanded sales of the herbicide pyraflufen-ethyl, which gained market share from competing products, drove higher sales at Nichino Europe Co., Ltd. In Brazil, where demand for agricultural chemicals was recovering, sales at Sipcam Nichino Brasil S.A. increased, helped by the success of its sales strategy for sugarcane herbicides. Total overseas sales therefore exceeded the year-earlier period.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the rice fungicide tiadinil (Japanese product name: V-Get) and the horticultural fungicide pyraziflumid (Japanese product name: Parade). In overseas agricultural chemicals, although demand in Brazil, the world’s largest agricultural chemicals market, was recovering, sales at Sipcam Nichino Brasil S.A. were sluggish due to intensifying competition. In North America, sales increased, driven by the insecticide buprofezin, whose technical promotion activities were successful, and the fungicide flutolanil, for which demand increased as peanut acreage expanded. Sales at Nichino India Pvt. Ltd. also increased, helped by favorable monsoon rainfall and contributions from the horticultural insecticide tolfenpyrad and insecticide flubendiamide, both launched during the current period. In Europe, sales at Nichino Europe Co., Ltd. increased, mainly because sales of the potato desiccant pyraflufen-ethyl, which gained market share from competing products, increased.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the rice fungicide tiadinil (Japanese product name: V-Get) and the horticultural fungicide pyraziflumid (Japanese product name: Parade). Sales also increased, partly because the company continued its efforts, begun in the previous period, to level sales in line with the timing of agricultural chemical use and actual distribution conditions through improvements in commercial practices. In overseas agricultural chemicals, although demand for agricultural chemicals in Brazil, the world’s largest market, was recovering, sales at Sipcam Nichino Brasil S.A. were sluggish due to adverse weather and intensifying competition. In North America, sales at Nichino America, Inc. were sluggish due to limited pest outbreaks and a decline in cotton acreage. In India, favorable rainy-season weather, rising demand for herbicides at Nichino India Pvt. Ltd., and strong sales of the insecticide flubendiamide (Japanese product name: Phoenix) and the insecticide tolfenpyrad (Japanese product name: Hatchi-Hatchi), launched during the current period, drove higher sales. In Europe, sales at Nichino Europe Co., Ltd. increased as sales of the potato desiccant pyraflufen-ethyl (Japanese product name: Desican) and flutolanil (Japanese product name: Moncut) increased.」

「In domestic agricultural chemicals, the company launched sales of 4 new products to expand its portfolio and worked to expand the adoption and sales of core internally developed products such as the horticultural fungicide pyraziflumid (Japanese product name: Parade). In overseas agricultural chemicals, sales at Nichino America, Inc. were sluggish due to a decline in cotton acreage and limited pest outbreaks in North America. In India, the company worked to expand sales of the insecticide flubendiamide (Japanese product name: Phoenix). In addition, sales at Nichino India Pvt. Ltd. increased as demand for herbicides for rainy-season crops rose and sales of the horticultural insecticide tolfenpyrad (Japanese product name: Hatchi-Hatchi), launched during the current period, remained strong. In Europe, sales at Nichino Europe Co., Ltd. increased, mainly because sales of the potato desiccant pyraflufen-ethyl (Japanese product name: Desican), which gained market share from competing products, increased.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products, including the rice fungicide tiadinil (Japanese product name: V-Get) and the horticultural fungicide pyraziflumid (Japanese product name: Parade). It also increased sales by leveling them in line with the timing of agricultural chemical use and actual distribution conditions following improvements in commercial practices. In overseas agricultural chemicals, sales at Nichino America, Inc. increased, mainly because demand for the insecticide buprofezin (Japanese product name: Apload) rose in North America as demand for scale-insect control in citrus increased. Sales at Nichino India Pvt. Ltd. also increased, as demand for herbicides rose ahead of the rainy-season crop and sales of the insecticide flubendiamide (Japanese product name: Phoenix) remained strong. In Europe, results at Nichino Europe Co., Ltd. improved, mainly because sales of the potato desiccant pyraflufen-ethyl (Japanese product name: Desican) increased. However, sales at Sipcam Nichino Brasil S.A. were sluggish in Brazil, the world’s largest market, due to intensifying competition and other factors.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of internally developed products, including V-Get, a rice fungicide. However, sales fell below the year-earlier period due to the effects of distribution inventory resulting from a series of natural disasters in the previous year. In overseas agricultural chemicals, sales in North America remained strong. Sales in India increased, helped by favorable weather, including rainfall late in the rainy season. In Brazil, however, sales were sluggish due to intensifying competition.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of core internally developed products such as the horticultural insecticide Phoenix and the miticide Danikong. However, total domestic sales fell below the year-earlier period due to the discontinuation of some products and the effects of distribution inventory resulting from fewer pest-control opportunities following a series of natural disasters in the previous year.」

「In domestic agricultural chemicals, the company launched sales of 3 new products to expand its product portfolio and worked to expand the adoption and sales of core internally developed products, including the miticide Danikong and the horticultural insecticide Phoenix. Sales of Parade, a horticultural fungicide launched in the previous period, also remained strong. In overseas agricultural chemicals, sales at Sipcam Nichino Brasil S.A. increased in response to the recovery in demand in Brazil, the world’s largest market. In addition, Colt, a horticultural insecticide, obtained US food-use registration in November of the previous year, and Nichino America, Inc. began sales in this field.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of internally developed products, including the horticultural insecticide Phoenix and Parade, a horticultural fungicide launched in the previous period. In the agricultural chemical active ingredients business, shipments to distributors of products such as the horticultural insecticides Kotetsu and Colt accelerated ahead of the current-use season, and total domestic sales exceeded the year-earlier period. In overseas agricultural chemicals, sales in North America and Europe remained strong. In Asia, however, sales were sluggish due to inventory adjustments from prior years caused by adverse weather and limited outbreaks of pests and diseases, and total overseas sales fell below the year-earlier period.」

「In domestic agricultural chemicals, the company launched sales of 10 new products, including Parade, a newly developed horticultural fungicide, while seeking to expand the adoption and sales of core products such as the horticultural insecticide Phoenix. Sales of Parade exceeded the plan after its mode of action and control efficacy were recognized by the market. In overseas agricultural chemicals, sales in Europe and the Americas increased.」

「Against this backdrop, the Group pursued its medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing Toward a Global Company,” seeking to expand its overseas business and the adoption and sales of internally developed products.」

「Against this backdrop, the Group pursued its medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing Toward a Global Company,” seeking to expand the adoption and sales of internally developed products and its overseas business.」

「In domestic agricultural chemicals, sales of newly introduced products remained strong. In overseas agricultural chemicals, in addition to strong sales by Nichino Japan on a standalone basis, sales at Nichino India Pvt. Ltd. (formerly Hyderabad Chemical Pvt. Ltd.) increased.」

「Against this backdrop, the Group pursued its medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing Toward a Global Company,” seeking to expand the adoption and sales of internally developed products, as well as its overseas business.」

「Against this backdrop, the Group pursued its medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing Toward a Global Company,” seeking to expand its overseas business and the adoption and sales of internally developed products. In domestic agricultural chemicals, sales of rice herbicides were sluggish due to the effects of distribution inventory from prior years. Sales of some horticultural insecticides were also sluggish in the agricultural chemical active ingredients business due to inventory adjustments by distributors. However, the Group expanded its product portfolio by launching sales of Beet Up, a herbicide for sugar beets, and worked to expand the adoption and sales of core internally developed products such as the horticultural insecticide Phoenix and the rice fungicide V-Get. As a result, total domestic sales exceeded the year-earlier period. In overseas agricultural chemicals, sales in the Americas and Asia remained strong.」

「Against this backdrop, the Group pursued its medium-term management plan “Advance to Growing Global 2018 (AGG2018): Advancing Toward a Global Company,” seeking to expand the adoption and sales of internally developed products and its overseas business. In overseas agricultural chemicals, sales in the Americas remained strong. By product, sales of Moncut, a core product of Nichino America, Inc., increased after its outstanding efficacy against southern blight in peanuts, whose planted area had expanded, was recognized. In addition, as the results of Sipcam Nichino Brasil S.A. were included in the Group’s consolidated results, total overseas sales exceeded the year-earlier period despite the yen continuing to trend stronger. The miticide Danikong obtained formulation registration in South Korea in January of the year under review and sales began in February.」

「In domestic agricultural chemicals, the company worked to expand the adoption and sales of its core internally developed products, including the horticultural insecticides Phoenix and Colt. In overseas agricultural chemicals, sales in the Americas remained strong.」

「Against this backdrop, the Group sought to expand the adoption and sales of internally developed products and its overseas business.」

「Against this backdrop, the Group sought to expand the adoption and sales of internally developed products and its overseas business.」