Expanding Sales of the MineMag Mineral Fertilizer

「In addition, an inventory valuation loss was recorded on inventory, including product inventory, at the Furano Plant as the business structure changed.」

「Because it was found that some MineMag products manufactured and sold by the Company were highly likely to contain asbestos above the statutory limit, shipments of all MineMag products have been suspended. Relevant agencies are continuing to test each product to determine whether it contains asbestos above the statutory limit. To ensure customer safety, all MineMag products held by customers as inventory are being voluntarily recalled.」

「In the Mine Chemical business, as stated in the notice disclosed in January, "Notice Regarding the Suspension of Use of Our MineMag Products," it was found that some MineMag products were highly likely to contain asbestos above the statutory limit, and shipments of all MineMag products have been suspended. Third-party testing agencies are still conducting tests on each product to determine whether it contains asbestos above the statutory limit. To ensure customer safety, all MineMag products held by customers as inventory are being voluntarily recalled.」

「Fertilizer (MineMag) was ¥129 million, down 33.6% year on year.」

「Fertilizer (MineMag) was ¥89 million, up 5.1% year on year.」

「Fertilizer (MineMag) was ¥195 million, up 6.6% year on year.」

「In the Mine Chemical business, sales of the mineral fertilizer MineMag were sluggish in the same quarter of the previous year, when there were pronounced moves to reduce agricultural-material use, partly due to lower demand for agricultural products caused by COVID-19. In the second quarter under review, however, demand gradually recovered and sales increased year on year.」

「Fertilizer (MineMag) was ¥85 million, down 2.0% year on year.」

「In the first half, lower demand for agricultural products due to COVID-19 and the effects of prolonged rains on crop conditions led to moves to reduce agricultural-material use. As a result, first-half sales of the mineral fertilizer MineMag were sluggish, but demand recovered in the second half and sales increased. For the full year, MineMag sales exceeded the previous year and reached a record high.」

「In the Mine Chemical business, MineMag remained below the previous year's level, partly because demand for agricultural products for restaurants and school meals declined due to the infectious disease in question, and because prolonged and heavy rains affected crop conditions, prompting some moves to reduce agricultural-material use.」

「In the Mine Chemical business, sales of the mineral fertilizer MineMag grew broadly from Hokkaido through eastern and central Japan, bringing MineMag sales to a record high. In Hokkaido in particular, sales of MineMag Cb, a fertilizer that also serves as a snow-melting agent and reduces labor required to spread snow-melting materials and fertilizer, grew despite the continuing trend toward mild winters, and customers have recognized its snow-melting function and labor-saving benefits.」

「In the Mine Chemical business, MineMag, a mineral fertilizer, grew mainly in Hokkaido and eastern Japan, and MineMag sales reached a first-half record high.」

「In the Mine Chemical business, sales volume of the mineral fertilizer MineMag reached a record high, driven mainly by growth in Hokkaido and eastern Japan. In particular, sales volume increased substantially in Hokkaido as MineMag Cb, a fertilizer that also serves as a snow-melting agent and reduces labor required to spread snow-melting materials and fertilizer, gained recognition and adoption increased in field-crop areas growing crops such as wheat.」

「In the Mine Chemical business, the range of crops using the mineral fertilizer MineMag has expanded, and application results have increased across crops generally. Adoption has grown for wheat and buckwheat in Hokkaido and for vegetables and fruit trees outside Hokkaido, mainly in Tohoku and western Japan, resulting in MineMag sales volume reaching a first-half record high.」

「In the Mine Chemical business, mineral fertilizer MineMag has been highly rated for its application results across Japan, and sales volume reached a record high.」

「In the Mine Chemical business, the MineMag mineral fertilizer increased sales volumes nationwide, including in Hokkaido and Niigata, driven by accumulated data on and promotion of its application benefits, primarily for rice and wheat, reaching a record high for the first half.」

「In the Mine Chemical business, the MineMag mineral fertilizer has achieved record-high sales volumes, driven by accumulated data on and promotion of its application benefits, primarily for rice and wheat, with sales increasing nationwide, including in Hokkaido and Niigata. The number of MineMag users who won awards in taste competitions also increased year on year. In addition, sales of MineMag increased through word of mouth and referrals for MineMag Cb, a snow-melting functional fertilizer that helps reduce agricultural work in early spring in addition to supplying minerals.」

「In the Mine Chemical business, sales volumes of the MineMag mineral fertilizer have been increasing as users have rated its application benefits highly.」