Price Competition with Generic Pesticides and Rising Raw Material and Contract Manufacturing Costs
First written in FY2016. 5 of 12 entries say "Restated". Latest entry: FY2026.
Nihon Nohyaku moved to the "Worse" side of this theme in 2022.
1 other company's latest entry also says "Worsened".
- FY2026WorsenedAnnual report
「In Latin America, demand for crop protection products increased as planted acreage expanded, particularly for soybeans, but prices remained weak owing in part to declining prices for crop protection products in certain categories, including generic products.」
While demand increased as planted areas expanded, the advance of generic pesticides and price declines continued in Central and South America, and the risk of price competition has materialized. - 2026-05-13RestatedRevision to earnings forecasts
「In Latin America, demand for crop protection products increased as planted acreage expanded, particularly for soybeans, but prices remained weak owing in part to declining prices for crop protection products in certain categories, including generic products.」
In Latin America, demand increased, but price declines, including those for generic crop protection products, continued. - FY2025WorsenedAnnual report
「In North America and Central and South America, pesticide demand remained weak due in part to the impact of price declines for certain products, including generic pesticides and distribution inventories.」
Price declines caused by generic pesticides and distribution inventories have spread as weak demand in North America and Central and South America, also leading to lower sales in Brazil and elsewhere. - FY2025-H1MaterialisedAnnual report
「In Central and South America, in Brazil, the world's largest pesticide market, demand for fungicides increased due to heavy rainfall, and efforts to develop new fields for the company's internally developed products proved successful. However, sales to industry peers struggled due in part to intensifying competition, resulting in lower sales.」
Intensifying competition in sales to industry peers in Brazil has materialized as lower sales. - FY2024-Q3MaterialisedAnnual report
「In Brazil, the world's largest pesticide market, sales at Sipcam Nichino Brasil S.A. struggled due in part to the impact of price declines for certain generic products amid intensifying competition.」
Intensifying competition from generic pesticides and price declines for certain products have materialized as sluggish sales at the Brazilian subsidiary. - FY2024-Q1RestatedAnnual report
「However, the economic outlook remained uncertain amid the prolonged situation in Ukraine, surging raw material and energy prices, and rising prices resulting from the depreciation of the yen.」
The company reaffirms the business environment of continued high raw material and energy prices. - FY2023MaterialisedAnnual report
「Soaring raw material and contract manufacturing costs due to higher electricity prices and shortages of mineral resources associated with Russia's invasion of Ukraine」
Soaring raw material and contract manufacturing costs resulting from constraints on electricity and mineral resource supplies have in fact occurred in the business environment during the current fiscal year. - FY2023-Q3RestatedAnnual report
「In addition, the prolonged Russian invasion of Ukraine has kept supply chains strained and resource prices elevated, and economic conditions remained unstable.」
The company reaffirms the risk of higher raw material and resource prices, citing continued supply chain strain and elevated resource prices. - FY2023-Q2MaterialisedAnnual report
「In addition, the prolonged Russian invasion of Ukraine has kept supply chains strained and resource prices elevated, and economic conditions remained unstable.」
The company explains that high raw material and resource prices and strained supply chains have in fact continued, indicating that the risk of higher raw material costs has materialized. - FY2018RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging due to tighter requirements under pesticide registration systems in various countries, price competition from generic pesticides, and soaring raw material and contract manufacturing costs.」
The company reiterates price competition from generic pesticides and soaring raw material and contract manufacturing costs as business-environment risks. - FY2017RestatedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging due to tighter requirements under pesticide registration systems in various countries, price competition from generic pesticides, and soaring raw material and contract manufacturing costs.」
The company reiterates price competition from generic pesticides and soaring raw material and contract manufacturing costs as business-environment risks. - FY2016First statedAnnual report
「The business environment surrounding the Group is becoming increasingly challenging due to price competition from generic pesticides and soaring raw material and contract manufacturing costs.」
Price competition and rising manufacturing-related costs are identified as factors making the business environment more challenging.