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Nippon Soda’s Agro Products Division sales up 8% in FY2018
Sep. 12, 2018
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Japan
Nippon Soda’s Agro Products Division recorded net sales of ¥43,215 million (up 7.8% year on year) and operating profit of ¥1,980 million (up 9.9%) in the fiscal year 2018 which ended March 31, 2018.
In the Agro Products Division, despite high R&D outlays for developing new agrochemicals, fiscal 2018 brought the sales launch and spirited marketing drive for the new fungicide NF-171. Aggressive marketing advanced existing agro product lineup as well. (The percentage of overseas sales was 58.5%.)
Fungicide sales were roughly equal to the previous fiscal year, although exports of PANCHO declined, due to the sales launch of the new fungicide NF-171 and other factors.
Sales of insecticides and acaricides rose over the previous fiscal year, buoyed by gains in exports of Mospilan.
Herbicide sales fell year on year, pulled down by lower exports of the products NABU and HOENEST.
Research and Development
Given growing concern over the safety and reliability of foods, Nippon Soda is conducting R&D into dry field and fruit farming agrochemicals with strong effects, even in small volumes, and with low residuals.
With respect to new agrochemicals developed in-house, Picarbutrazox (NF-171), a fungicide with outstanding effectiveness against downy mildew and Pythium blight, received registration approval for lawn grass in January 2017. That step was followed by approval for its registered use on food in July 2017, setting the stage for a successful market launch by the end of fiscal 2018. In addition, the company is pushing ahead steadily with development outside Japan.
The company has firmly advanced the development of Acynonapyr (NA-89), an acaricide with new effects; in February 2017, it completed an application in Japan for its registration, aiming to receive approval in 2019. It also decided to pursue development outside Japan. Development of NF-180, a fungicide effective against a broad spectrum of diseases, is proceeding smoothly. In 2016, the company completed an application for fumaric acid (NR-29), an algaecide for lawn grass, and plan to launch it in 2018.
Moreover, Nippon Soda is conducting research diligently to advance the phase of development of promising compounds to follow the above-mentioned agents. In addition to chemistry agrochemicals, biological agrochemicals Agrocare and Masterpiece are selling well. Going forward, the company will continue working to enhance line of biological agrochemicals that capitalize on the diverse abilities of microorganisms.
Agro Products Division: Major Initiatives during Fiscal 2018
New fungicide NF-171
• Sales launched in fiscal 2018
• Concluded global licensing agreement with Syngenta AG for new seed treatment technology
New acaricide NA-89
• Applied for registration in 2017 (marketing scheduled to begin in 2019)
New fungicide NF-180
• Simultaneous global development in progress; eyeing market launch in 2021
Major product sales volume increase
• Launch of admixture of insecticide MOSPILAN for Brazil
Strengthened steps to lower inventory levels
Source: Nippon Soda news release
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