Nihon Nohyaku sales flat in 2011
Essentially flat overseas sales and a slight downturn in domestic sales contributed to a 0.1% dip in Nihon Nohyaku’s agrochemical revenues to ¥33,431 million ($427.6 million at the current exchange rate) in its fiscal year ended September 30th 2011. Overall sales, including chemical products, were up by 0.1% to ¥40,450 million ($517.4 million). Operating profit on total sales rose by 11.3% to ¥3,539 million ($45.3 million) and net profit grew by 35.4% to ¥2,178 million ($27.9 million). Profits were boosted by technology transfers, the company points out.