Feb. 8, 2017
Nissan Chemical reported consolidated financial results of its agrochemical business increased by 8.1% to 28,240 million yen for the nine months ended December 31, 2016. Operating income fell by 1.4% to 4,850 million yen. But, the sales and the operating income were above the company’s third quarter outlook (undisclosed).
The company said their products had weak sales as a whole, but “ROUNDUP MAXLOAD AL”, herbicide for general household, expanded in Japan and its veterinary pharmaceutical Fluralaner had healthy sales.
The company forecast the sales of pesticide for domestic market, main products of its Agricultural Chemicals segment, tend to be concentrated on the fourth quarter due to seasonality.