Taki Chemical Co.,Ltd.
4025・Prime Market・Chemicals
Agri
Taki Chemical's core agricultural materials business, manufacturing and selling Compound Fertilizer and Phosphate Fertilizer.
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Q1) | ¥3,301 million | ¥2,934 million | ↑ |
| Operating Income (Segment Profit, Q1) | ¥197 million | ¥187 million | ↑ |
| Net Sales (Full Year, Prior Year Actual) | ¥11,863 million | — | ↑ |
| Operating Income (Full Year, Prior Year Actual) | ¥485 million | — | — |
Business Details
The Agri segment, directly manufactured and sold by Taki Chemical Co., Ltd., focuses primarily on Compound Fertilizer, Phosphate Fertilizer, and Agriculture-related Materials. The segment adopts a make-to-forecast production model for the domestic agricultural market, and has continued a trend of increased revenue and profit driven by higher fertilizer sales volumes and price increases resulting from rising raw material costs. Amid the aging and declining number of agricultural workers and policy trends toward reducing the use of chemical fertilizers, the segment is at a critical turning point requiring reform of its earnings structure.
Recent Overview
Q1 net sales increased 12.5% year on year, driven by higher fertilizer sales volumes and price increases.
In the first quarter of the fiscal year ending December 2026 (January to March 2026), the Agri segment's net sales were ¥3,301 million (up 12.5% year on year), and segment profit was ¥197 million (up 5.4% year on year). In addition to an increase in fertilizer sales volumes, price increases resulting from rising raw material costs contributed to the increase in sales. While profit increased, its growth rate was more limited than the increase in sales, reflecting the continued impact of rising raw material costs to some degree.
Key Products
Growth Drivers
- Increased fertilizer sales volumes (recovery in demand and sales expansion efforts)
- Price increases resulting from rising raw material costs (progress in cost pass-through)
- Cost reduction through rationalization of production methods
- Expansion into agriculture-related adjacent areas (per the policy of the Medium-Term Management Plan 2028)
Risks
- Long-term decline in domestic demand due to the aging and decreasing number of agricultural workers
- Policy pressure to reduce the use of chemical fertilizers under the 'Strategy for Sustainable Food Systems (Midori no Shokuryo System Strategy)'
- Risk of fluctuations in raw material and fuel prices (international market conditions for phosphate rock, etc.)
- Impact of foreign exchange rate fluctuations on raw material procurement costs
Last updated: March 25, 2026