Nissan Chemical's Agricultural Chemicals Segment sales down 3% in H1

Sales of Nissan Chemical’s Agricultural Chemicals Segment were 27,871 million yen in the first half year ended September 30, 2019, a decrease of 2.8% compared with the same period of last year. Operating income was decreased by 4.2% to 9,430 million. 

 

Sales of Fluralaner (active ingredients for veterinary pharmaceuticals) declined due to inventory adjustments, however it was above the initial outlook. Sales of domestic agrochemicals were strong due to sales of insecticide "GRACIA" (fluxametamide) launched in May in Japan. Sales of ROUNDUP (glyphosate) increased from the previous year, which was affected by natural disasters and other factors. Sales of overseas agrochemicals decreased due to lower sales of herbicide "TARGA" and "PERMIT".