Nihon Nohyaku Co., Ltd. TSE:4997

Nihon Nohyaku : FYE March 2026 Earnings Conference

Published

Source: MarketScreener

FYE March 2026

Earnings Conference

Note : This document has been translated from a part of the Japanese original for reference purposes only.

In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

May 28, 2026

Stock Exchange Code: 4997

Prime Market of the Tokyo Stock Exchange



Contents

  1. Global Crop protection Markets and Our Company's Position

  2. FYE March 2026 Earnings

  3. FYE March 2027 Earnings Forecast



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    1. Global Crop protection Markets and Our Company's Position

Global Crop Protection Markets

（億ドル ）

（$100m)

900

In 2025, the global crop protection market sees solid demand supported by weather recovery and expanded planting areas, but value growth remains sluggish due to weak prices.

800

700

600

500

400

300

200

100

0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2029E

MEA

Down 1% YoY

CAGR2.9％

28

27

30

25

25

26

137

144

150

137

23

23

24

24

25

140

137

126

124

129

132

126

226

203

209

189

193

203

170

173

177

176

178

230

250

232

217

270

148

143

151

173

180

187

93

96

98

94

98

103

127

124 117 119

119



Europe

Asia Pacific

C&S America

North America

Source）AgbioInvestor

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Global Crop Protection Market and Our Position in FYE Mar 2026

The global crop protection market in 2025 grew across all five regions on a local currency basis.

We achieved record-high sales in Europe and North America for specialty crops (fruits and vegetables).

Region

Global crop protection market overview (2025)

Our Performance

Europe

+0.9% (local currency basis)： USD 13.6 billion (+1.9%) Demand remained soft due to adverse weather in some regions.

JPY 21.1 billion (+58%)： USD 0.13 billion (+59%)

・Expanded share through technical promotion in fruits & vegetables.

・Integrated Interagro (UK) Ltd.; strengthened direct sales in the UK & Ireland.

Asia-

Pacific

+2.9% (local currency basis)： USD 19.3 billion (+2.1%)

In India, heavy rainfall reduced application opportunities.

Overall weak demand due to low pest pressure.

Both prices and demand for crop protection products remained weak.

Asia (excl. Japan)： JPY 13.2 billion (-10%)：USD 0.08 billion (-9%)

・Sales declined due to fewer application opportunities caused by heavy rainfall in West Asia.

Japan: JPY 25.5 billion (+9%)： USD 0.16 billion (+10%)

・Strong sales of rice-related products driven by higher crop prices and

increased planting area.

・Expanded sales of Corteva products and launched BASF fruit & vegetable products in Japan

Latin America

+2.0% (local currency basis)： USD 21.5 billion (-6.7%) Demand increased with expansion in soybean acreage. However, prices weakened due to generics and other factors.

JPY 24.2 billion (-1%)： USD 0.16 billion (-1%)

・Faced challenges from lower crop prices, generic competition, and reduced pest pressure due to cool and wet weather.

North America

+1.7% (local currency basis)：USD 11.9 billion (+1.4%) Demand remained firm despite fluctuations in planted area. Higher pest pressure due to hot and dry conditions.

JPY 17.9 billion (+19%)： USD 0.11 billion (+20%)

・Market share expanded through technical promotion of fruit & vegetable products.Strong growth in insecticides, particularly in California due to increased pest outbreaks early in the year.

・Steady herbicide sales to distributors in Canada.

Source: AgbioInvestor; Company analysis

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