Loss expansion due to higher development costs in the agricultural business
First written in FY2019-Q3. 13 of 25 entries say "Mitigated", first in FY2021-Q1. Latest entry: 2026-08-05.
3 other companies' latest entry also says "Mitigated".
- 2026-08-05MitigatedEarnings
「In terms of profit and loss, profit increased as fertilizer product sales volumes rose and the results of newly consolidated 太陽肥料株式会社 contributed.」
Despite lower selling prices for agricultural products, higher fertilizer sales volumes and the contribution of the newly consolidated company increased profit in the agricultural business. - FY2026MitigatedAnnual report
「In terms of earnings, profit increased due to the impact of higher sales from the factors described above, as well as the impact of higher selling prices for fertilizer. As a result, sales were ¥19,635 million, up 11.7% from the previous fiscal year, and segment profit was ¥1,453 million, up 24.3%.」
Although the decline in crop selling prices was noted, profit in the agriculture-related business increased 24.3% from the previous fiscal year due to higher fertilizer sales and prices. - 2026-05-01MitigatedEarnings
「In terms of profit and loss, profit increased not only because of higher sales resulting from the factors described above, but also because fertilizer selling prices rose.」
Despite lower selling prices for agricultural products, higher fertilizer sales and selling prices increased profit in the agricultural business. - FY2026-H1Higher profit despite lower crop prices, driven by higher fertilizer pricesAnnual report
「In terms of sales, fertilizer product sales performed steadily. Sales volumes of crops also increased, although selling prices declined. In terms of earnings, profit increased due to the impact of higher sales from the factors described above, as well as the impact of higher selling prices for fertilizer. As a result, sales were ¥9,263 million, up 7.9% year on year, and segment profit was ¥638 million, up 85.7% year on year.」
Although selling prices for crops continued to decline, profit in the agriculture-related business increased 85.7% year on year due to higher fertilizer sales and prices. - FY2025-H1MitigatedAnnual report
「In terms of earnings, profit increased due to factors including higher selling prices for crops. Nitto FC Co., Ltd., which became a newly consolidated subsidiary in the previous consolidated fiscal year, also contributed to the increase in profit. As a result, sales were ¥8,587 million (segment sales of ¥148 million in the same period of the previous year), and segment profit was ¥343 million (compared with a segment loss of ¥76 million in the same period of the previous year).」
The agriculture-related business moved from a segment loss in the same period of the previous year to a profit, while the earnings pressure from development expenses and other costs eased in the current interim period. - FY2024-Q3WorsenedAnnual report
「In terms of earnings, sales of agricultural products increased, but the loss widened year on year because the wholesale-market sales prices of agricultural products produced at Nangoku Farm, newly opened in the previous fiscal year, remained below expectations, among other factors. As a result, net sales were ¥1,431 million, compared with segment net sales of ¥167 million in the same period of the previous year, and the segment loss was ¥123 million, compared with a segment loss of ¥100 million in the same period of the previous year.」
The market price per unit for crops at 南国農場 was below expectations, and the loss in the agriculture-related business widened year on year despite higher sales. - FY2024-Q1WorsenedAnnual report
「In agriculture, sales increased, but the loss widened year on year because the wholesale-market sales prices of agricultural products produced at Nangoku Farm, newly opened in the previous fiscal year, remained below expectations, among other factors. As a result, net sales were ¥601 million, up 22.6% year on year, and the segment loss was ¥38 million, compared with a segment loss of ¥26 million in the same period of the previous year.」
Wholesale-market sales prices for agricultural products from Nangoku Farm fell below expectations, causing the loss in the Other segment to widen year on year despite higher sales. - FY2023MitigatedAnnual report
「In terms of earnings, in agriculture, expenses including the costs of opening Nangoku Farm, newly established in Nangoku, Kochi Prefecture, increased, but the loss narrowed compared with the previous fiscal year because of factors including higher sales prices at existing farms.」
Although the burden of costs associated with opening Nangoku Farm continued, the loss in the Other segment narrowed from ¥139 million in the previous fiscal year to ¥99 million because of factors including higher sales prices at existing farms. - FY2023-Q3MitigatedAnnual report
「In terms of earnings, in agriculture, expenses including the costs of opening Nangoku Farm, newly established in Nangoku, Kochi Prefecture, increased, but the loss narrowed year on year because of factors including higher sales prices at existing farms.」
Although costs associated with opening Nangoku Farm increased, the agricultural loss narrowed year on year because of factors including higher sales prices at existing farms. - FY2023-Q2WorsenedAnnual report
「In terms of earnings, in agriculture, the loss widened year on year because expenses, including the costs of opening Nangoku Farm, newly established in Nangoku, Kochi Prefecture, increased.」
In the agricultural business, costs including those associated with opening Nangoku Farm increased, causing the loss to widen year on year. - FY2023-Q1MitigatedAnnual report
「In terms of earnings, the loss in agriculture narrowed year on year.」
The company stated that although the risk of losses in the agricultural business remains, the loss narrowed year on year. - FY2022MaterialisedAnnual report
「During the current consolidated fiscal year, we recognized an impairment loss on tangible fixed assets in the agricultural business because profitability declined as operating losses continued and the business deviated from the original business plan.」
The decline in profitability resulting from operating losses and deviation from the plan in the agricultural business materialized as an impairment loss of ¥209 million. - FY2022-Q3MitigatedAnnual report
「In terms of earnings, in agriculture, the loss narrowed year on year because the decline in sales prices for vegetables generally in the same period of the previous year, caused by the impact of COVID-19, resulted in a write-down of inventory valuation.」
Although the risk of losses in the agricultural business remains, the loss in the Other segment narrowed from ¥142 million in the same period of the previous year to ¥69 million because of the reversal of the previous year's inventory valuation write-down. - FY2022-Q2MitigatedAnnual report
「In terms of earnings, in agriculture, the loss narrowed year on year because the decline in sales prices for vegetables generally in the same period of the previous year, caused by the impact of COVID-19, resulted in a write-down of inventory valuation.」
Because of the reversal of the previous year's inventory valuation write-down, the agricultural segment loss narrowed from ¥103 million in the same period of the previous year to ¥44 million. - FY2022-Q1MitigatedAnnual report
「In terms of earnings, in agriculture, the loss narrowed year on year because the previous year's decline in vegetable sales prices caused by the impact of COVID-19 resulted in a write-down of inventory valuation.」
Although the volume of agricultural products sold declined, the segment loss narrowed from ¥60 million in the same period of the previous year to ¥48 million because of the reversal of the previous year's inventory valuation write-down following the decline in sales prices. - FY2021WorsenedAnnual report
「In terms of earnings, in agriculture, demand for vegetables in the wholesale market stagnated and sales prices declined because of the impact of COVID-19. In addition, costs such as fuel expenses for heating cultivation houses exceeded expectations, causing the loss to widen. As a result, net sales were ¥304 million, up 15.4% year on year, and the segment loss was ¥185 million, compared with a segment loss of ¥178 million in the previous fiscal year.」
In addition to the burden of development expenses associated with the expansion of agriculture, demand stagnated and sales prices declined because of the infection, while fuel expenses and other costs exceeded expectations, causing the segment loss to widen. - FY2021-Q3MitigatedAnnual report
「In terms of earnings, the loss narrowed as agricultural sales increased. As a result, net sales were ¥218 million, up 33.3% year on year, and the segment loss was ¥142 million, compared with a segment loss of ¥165 million in the same period of the previous year.」
Although the risk of bearing development expenses associated with the expansion and increased sales of agriculture remains, the segment loss narrowed year on year. - FY2021-Q2MitigatedAnnual report
「In terms of earnings, the loss narrowed as agricultural sales increased. As a result, net sales were ¥137 million, up 35.9% year on year, and the segment loss was ¥103 million, compared with a segment loss of ¥115 million in the same period of the previous year.」
Although the risk of bearing development expenses associated with the expansion of agriculture remains, the segment loss narrowed from the same period of the previous year as sales increased. - FY2021-Q1MitigatedAnnual report
「In terms of earnings, net sales were ¥96 million, up 42.9% year on year, as sales increased with the expansion of the agricultural business, and the segment loss was ¥60 million, compared with a segment loss of ¥97 million in the same period of the previous year.」
Although the risk of bearing development expenses associated with the expansion of agriculture remains, the segment loss narrowed from the same period of the previous year as sales increased. - FY2020WorsenedAnnual report
「In terms of earnings, sales increased as the agricultural business expanded, but business development expenses also increased. As a result, net sales were ¥263 million, up 47.8% year on year, and the segment loss was ¥178 million, compared with a segment loss of ¥90 million in the previous fiscal year.」
Net sales increased as the agricultural business expanded, while the segment loss widened from ¥90 million to ¥178 million because of higher business development expenses. - FY2020-Q3WorsenedAnnual report
「In terms of earnings, net sales were ¥163 million, up 47.5% year on year, and the segment loss was ¥165 million, compared with a segment loss of ¥81 million in the same period of the previous year, mainly because business development expenses increased as the agricultural business expanded.」
Higher business development expenses associated with the expansion of agriculture and other factors caused the loss in the Other segment to widen from ¥81 million in the same period of the previous year to ¥165 million. - FY2020-Q2WorsenedAnnual report
「In terms of earnings, net sales were ¥100 million, up 33.9% year on year, and the segment loss was ¥115 million, compared with a segment loss of ¥24 million in the same period of the previous year, mainly because business development expenses increased as the agricultural business expanded.」
Higher business development expenses associated with the expansion of agriculture and other factors caused the loss in the Other segment to widen from ¥24 million in the same period of the previous year to ¥115 million. - FY2020-Q1WorsenedAnnual report
「In terms of earnings, net sales were ¥67 million, up 50.8% year on year, and the segment loss was ¥97 million, compared with a segment loss of ¥15 million in the same period of the previous year, mainly because business development expenses increased as the agricultural business expanded.」
Higher business development expenses associated with the expansion of agriculture and other factors caused the loss in the Other segment to widen from ¥15 million in the same period of the previous year to ¥97 million. - FY2019WorsenedAnnual report
「Net sales were ¥178 million, up 34.3% year on year, and the segment loss was ¥90 million, compared with a segment loss of ¥44 million in the previous fiscal year, mainly because business development expenses for agriculture, a new business, increased.」
Higher business development expenses for agriculture and other factors caused the loss in the Other segment to widen from ¥44 million in the previous fiscal year to ¥90 million. - FY2019-Q3MaterialisedAnnual report
「Net sales were ¥110 million, up 26.1% year on year, and the segment loss was ¥81 million, compared with a segment loss of ¥32 million in the same period of the previous year, mainly because business development expenses for agriculture, a new business, increased.」
Higher business development expenses for agriculture contributed to the loss in the Other segment, which widened from ¥32 million in the same period of the previous year to ¥81 million.