Risks from shifts in agricultural policy and structure
First written in FY2016. 18 of 34 entries say "Materialised", first in FY2017-Q2. Latest entry: 2026-10-30.
Takakita moved to the "Worse" side of this theme in 2018, 4 years before the typical company in this theme (2022).
The whole theme swung hardest in 2022: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026MaterialisedAnnual report
「In the core livestock and dairy market, higher production costs due to persistently high prices for imported feed, fertilizer, and fuel continued, and orders for the Forage Harvester Series and other products declined amid weak appetite for machinery investment and the impact of expanded planting of food-grade rice, resulting in lower domestic revenue.」
Persistently high prices for imported feed, fertilizer, and fuel, together with changes in agricultural structure, were reflected in actual results as weak appetite for machinery investment, lower orders for the Forage Harvester Series and other products, and lower domestic revenue. - FY2026-H1MaterialisedAnnual report
「In the core livestock and dairy market, pressure on farm management from persistently high prices for imported feed, fertilizer, and fuel has continued, and market conditions remain weak. In this market environment, although new products contributing to increased domestic feed production were launched, investment appetite did not recover, and orders for forage-related machinery, including hay balers and the Forage Harvester Series, declined sharply, resulting in lower revenue year on year.」
Pressure on farm management from persistently high prices for imported feed, fertilizer, and fuel, together with weak investment appetite, continued over an extended period and was reflected in lower orders and lower revenue for livestock and dairy products. - FY2025-H1MaterialisedAnnual report
「In the agricultural machinery business, fertilizer and feed prices continued to rise, seriously affecting farm management, and farmers' investment appetite remained weak in a challenging market environment. Although sales grew for soil-preparation machinery, including organic fertilizer spreaders related to the government's environmental policy, the Midori Food System Strategy, and the benefits of launching new products, sales of hay balers and other machinery for the livestock and dairy market declined, resulting in lower domestic revenue.」
Weak farmer investment appetite due to higher fertilizer and feed prices was cited, and lower sales of products for the livestock and dairy market were reflected in actual results as lower domestic revenue. - FY2024-Q3WorsenedAnnual report
「Although the agricultural machinery business faces challenging market conditions, with soaring prices for fertilizer, feed, agricultural supplies and other items having a serious impact on farm management,」
In addition to soaring fertilizer and feed prices, higher prices for agricultural supplies and other items were explicitly identified as factors seriously affecting farm management. - FY2024-Q1WorsenedAnnual report
「Although the agricultural machinery business faces challenging market conditions, with soaring fertilizer and feed prices having a serious impact on farm management,」
In addition to the existing structural issues in agriculture, soaring fertilizer and feed prices continued to be described in strong terms as creating challenging market conditions that seriously affect farm management. - FY2023WorsenedAnnual report
「The operating environment surrounding the agricultural machinery industry remains challenging. In addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, rising prices for imported feed and chemical fertilizers are putting pressure on farm management, while labor shortages are becoming more pronounced.」
In addition to the conventional factors of an aging workforce and a decline in the number of farms, pressure on farm management from higher prices for imported feed and chemical fertilizers and labor shortages were identified as new factors affecting the operating environment. - FY2023-Q3MaterialisedAnnual report
「Sales of soil preparation equipment such as fertilizer spreaders declined as higher fertilizer prices and other factors reduced farmers' willingness to invest in machinery, although」
Farmers' weaker appetite for machinery investment due to higher fertilizer prices was reflected in actual results as lower sales of soil-preparation machinery, including fertilizer spreaders. - FY2023-Q2MaterialisedAnnual report
「Orders for soil preparation equipment declined as higher production costs in agricultural operations reduced willingness to invest in machinery, resulting in lower domestic sales.」
Higher agricultural operating costs and weaker appetite for machinery investment were reflected in actual results as lower orders for soil-preparation machinery and lower domestic revenue. - FY2022-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of changes in agricultural policy and agricultural structure. - FY2022-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It is stated that there have been no material changes in the risk of changes in agricultural policy and agricultural structure. - FY2022-Q1RestatedAnnual report
「During the cumulative first quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of changes in agricultural policy and agricultural structure. - FY2021-Q2RestatedAnnual report
「During the cumulative second quarter, there were no new business or other risks and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of changes in agricultural policy and agricultural structure. - FY2021-Q1RestatedAnnual report
「During the six months ended [current first quarter], there was no emergence of new business or other risks, nor any material change in the business or other risks described in the annual securities report for the previous fiscal year.」
It is stated that there have been no material changes in the risk of changes in agricultural policy and agricultural structure. - FY2020MaterialisedAnnual report
「As delays continued in the introduction of equipment under the government's Livestock and Dairy Profitability Enhancement Development Special Measures Program (Livestock Cluster Program), sales of the large Forage Harvester Series declined. In addition, domestic revenue declined due to lower sales of the Snow Blower snow-removal machinery, resulting from adverse weather conditions in early summer, the effects of major typhoons, the backlash following the consumption tax increase, and insufficient snowfall.」
In addition to changes in agricultural structure and delays in implementing policy programs, adverse weather conditions and other factors were reflected in full-year results as lower sales of large products and lower domestic revenue. - FY2020-Q3MaterialisedAnnual report
「As the introduction of equipment under the government's Livestock Cluster Program continued to lag behind initial expectations, large forage harvesters, led by the Forage Harvester Series, performed poorly. In addition, small fertilizer spreaders performed poorly due to low temperatures and insufficient sunshine in early summer and a series of major typhoons, while sales of snow-removal machinery declined due to the backlash following the consumption tax increase and insufficient snowfall. As a result, domestic revenue declined.」
Delays in the introduction of equipment under the Livestock Cluster Program, adverse weather conditions, the backlash following the consumption tax increase, and insufficient snowfall were reflected in poor sales of agricultural machinery products and lower domestic revenue. - FY2020-Q2MaterialisedAnnual report
「Delays beyond initial expectations in the introduction of equipment under the government's Livestock Cluster Program, along with the effects of adverse weather conditions, resulted in lower domestic revenue.」
Delays in the introduction of equipment under the Livestock Cluster Program and adverse weather conditions were actually cited as causes of lower domestic revenue. - FY2020-Q1MaterialisedAnnual report
「In addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, lower orders for soil-preparation machinery due to adverse weather conditions and delays in the introduction of equipment under the government's Livestock Cluster Program resulted in lower domestic revenue.」
In addition to the structural factors of an aging workforce and a decline in the number of farms, lower orders due to adverse weather conditions and delays in the introduction of equipment under the Livestock Cluster Program were reflected in actual results as lower domestic revenue. - FY2019MaterialisedAnnual report
「In addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, delays in the introduction of equipment under the government's Livestock Cluster Program resulted in lower domestic revenue.」
The structural factors of an aging workforce and a decline in the number of farms, together with delays in the introduction of equipment under the Livestock Cluster Program, were reflected in lower domestic revenue for the full year. - FY2019-Q3MaterialisedAnnual report
「In addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, delays in selection under the government's Livestock Cluster Program resulted in lower domestic revenue.」
In addition to the structural factors of an aging workforce and a decline in the number of farms, delays in selection under the Livestock Cluster Program continued to be reflected in actual results as a cause of lower domestic revenue. - FY2019-Q2MaterialisedAnnual report
「Against this backdrop, in the agricultural machinery business, sales of the Forage Harvester Series remained firm, supported in part by the government's Livestock and Dairy Profitability Enhancement Development Special Measures Program (Livestock Cluster Program), which responds to increased production of high-quality domestically produced feed and contributes to a higher food self-sufficiency rate. However, in addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, delays in the selection and introduction of certain models under the Livestock Cluster Program resulted in lower domestic revenue.」
In addition to the conventional structural factors of an aging workforce and a decline in the number of farms, delays in selection and introduction under the Livestock Cluster Program were actually cited as causes of lower domestic revenue. - FY2019-Q1MaterialisedAnnual report
「In addition to structural factors such as the aging of agricultural workers in Japan and the decline in the number of farms, lower orders for large forage-related machinery due to adverse weather conditions resulted in lower domestic revenue.」
In addition to the previously cited structural factors of an aging workforce and a decline in the number of farms, adverse weather conditions were reflected in actual results as lower orders and lower domestic revenue. - FY2018RestatedAnnual report
「The agricultural machinery business, our principal business, faces structural issues related to agriculture, including changes in government agricultural policy, the aging of agricultural workers, and a decline in the number of farms due to a lack of successors. It is also affected by livestock infectious diseases and other factors.」
Changes in agricultural policy, an aging workforce, a lack of successors, a decline in the number of farms, and livestock infectious diseases continue to be cited as factors causing volatility in the agricultural environment. - FY2018-Q3RestatedAnnual report
「During the nine months ended the third quarter, there were no new business or other risks and no material changes to the business and other risks described in the securities report for the previous fiscal year.」
It is stated that there have been no material changes in business and other risks, including risks from changes in agricultural policy and agricultural structure. - FY2018-Q2RestatedAnnual report
「During the cumulative second-quarter period, there were no new business risks and no material changes in the business risks described in the annual securities report for the preceding fiscal year.」
It is stated that there have been no material changes in business and other risks, including risks from changes in agricultural policy and agricultural structure. - FY2018-Q1RestatedAnnual report
「Although structural issues such as the aging of agricultural workers and the decline in the number of farms remain a concern,」
The aging of agricultural workers and the decline in the number of farms continue to be cited as concerns affecting the operating environment for the agricultural machinery business. - FY2017RestatedAnnual report
「Although structural issues such as the aging of agricultural workers in Japan and the decline in the number of farms due to a lack of successors are a concern,」
The aging of agricultural workers, a lack of successors, and a decline in the number of farms continue to be cited as concerns affecting the operating environment. - FY2017-Q3MaterialisedAnnual report
「Domestic revenue declined due to structural issues such as the aging of agricultural workers in Japan and the decline in the number of farms, uncertainty over the outlook for TPP negotiations, and the effects of natural disasters.」
In addition to the previously cited structural factors of an aging agricultural workforce, a decline in the number of farms, and uncertainty over TPP negotiations, the effects of natural disasters continued to be cited as a cause of lower domestic revenue. - FY2017-Q2MaterialisedAnnual report
「Domestic revenue declined due to structural issues such as the aging of agricultural workers in Japan and the decline in the number of farms, uncertainty over the outlook for TPP negotiations, and the effects of natural disasters.」
The aging of agricultural workers, a decline in the number of farms, and uncertainty over TPP negotiations, previously cited as factors, are also identified alongside natural disasters as causes of lower domestic revenue. - FY2017-Q1RestatedAnnual report
「Although structural issues exist, such as the aging of agricultural workers in Japan and the decline in the number of farms due to a lack of successors, as well as uncertainty over the outlook for negotiations on the TPP agreement,」
The aging of agricultural workers, a lack of successors, a decline in the number of farms, and uncertainty over TPP continue to be cited as factors affecting the operating environment for the agricultural machinery business. - FY2016First statedAnnual report
「The agricultural machinery business, our principal business, faces structural issues related to agriculture, including changes in government agricultural policy, the future of the Trans-Pacific Partnership (TPP) agreement, and a decline in the number of farms due to the aging of agricultural workers and a lack of successors. It is also affected by livestock infectious diseases and other factors.」
Government policy, TPP, a shortage of successors, a decline in the number of farms, and livestock infectious diseases are cited as factors causing volatility in the agricultural market.