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Nihon Nohyaku Co Ltd (4997.T)

4997.T on Tokyo Stock Exchange

27 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Nihon Nohyaku Co Ltd - U.S. EPA moves to end use of Bayer, Nichino insecticides - Reuters
Tuesday, 1 Mar 2016 06:26pm EST 

Nihon Nohyaku Co Ltd:The U.S. Environmental Protection Agency said on Tuesday it was moving to halt the sale of insecticides from Bayer and Nichino America containing an active ingredient called flubendiamide found to pose risks to the environment - RTRS.Bayer CropScience, the agricultural arm of Bayer AG, had anticipated the action after rejecting the EPA's request to voluntarily pull the insecticide from the marketplace last month.The company said it expects to request an administrative law hearing from the EPA's Office of General Counsel within the next 30 days to dispute the EPA's conclusion that the pesticide is unsafe.U.S. pesticide regulation law requires a final ruling by the administrative law judge within 75 days of receiving the hearing request. The insecticide can remain on the market throughout the process.Flubendiamide is the active ingredient in Bayer's Belt and Nichino's Tourismo and Vetica insecticides. It is registered for use on over 200 crops, including soybeans, almonds and tobacco, with some crops having as many as six applications per year, according to the EPA.Bayer's Belt is applied to some 2 million to 2.5 million acres of crops in the United States, he said.Top use states include California and Arizona, home to various produce and tree nut crops, and several soybean, tobacco and cotton-producing states across the U.S. South and Southeast, he said.Nichino America, which had no comment on the EPA move, is a unit of Nihon Nohyaku Co Ltd.  Full Article

Nihon Nohyaku announces change of officers
Friday, 13 Nov 2015 01:40am EST 

Nihon Nohyaku Co Ltd:Appoints current president Yoichi Koyama as chairman.Appoints Yosuke Tomoi as president.Effective Dec. 22.  Full Article

Nihon Nohyaku expects extraordinary loss and lowers consolidated full-year revenue outlook for FY 2015
Tuesday, 20 Oct 2015 03:00am EDT 

Nihon Nohyaku Co Ltd:Says it expects an extraordinary loss of 948 million yen recorded as impairment loss of goodwill for the fiscal year ended Sep. 2015.Says the company lowered the consolidated full-year outlook for revenue to 57,000 mln yen from 61,000 mln yen for the fiscal year ended Sep. 2015.Operating profit forecast increased to 9,900 mln yen from 9,600 mln yen.Ordinary profit forecast increased to 9,300 mln yen from 9,100 mln yen.Sees a decrease of net profit forecast to 5,700 mln yen from 5,900 mln yen.Sees a decrease of earnings per share to 85.28 yen from 88.26 yen.  Full Article

Nihon Nohyaku raises consolidated mid-year outlook for FY 2015
Tuesday, 21 Apr 2015 02:30am EDT 

Nihon Nohyaku Co Ltd:Says the company increased the consolidated mid-year outlook for revenue to 34,900 million yen from 34,000 million yen for FY ending Sep. 2015.Operating profit forecast increased to 9,900 million yen from 7,700 million yen.Ordinary profit forecast increased to 9,400 million yen from 7,300 million yen.Net profit forecast increased to 6,400 million yen from 4,800 million yen.Earnings per share increased to 95.75 yen from 71.80 yen.Comments the sales increase and yen devaluation are the main reasons for the forecast.  Full Article

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