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SDS sales up 15% in Q1

SDS Biotech, the agrochemical subsidiary of Japanese company Idemitsu Kosan, recorded a 15.1% increase in agrochemical sales to ¥4,229 million ($35.4 million) in the three months to March 31st 2015. That represents the first quarter of a 15-month fiscal year ending in March 2016 following the decision to change the company's fiscal year ending from December 31st to coincide with that of its parent company. Operating income rose by 31.2% to ¥531 million ($4.4 million) and net income grew by 52.5% to ¥320 million ($2.7 million).

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