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An update from Nihon Nohyaku Co., Ltd. ( (JP:4997) ) is now available.
Nihon Nohyaku has approved a settlement between its 50%-owned Brazilian consolidated subsidiary, Sipcam Nichino Brasil S.A., and FMC Química do Brasil Ltda. over a damages claim stemming from a 2023 armed robbery in which products being packaged for FMC were stolen. The settlement, for USD 7.2 million (about 39.6 million reals or 1.116 billion yen), replaces an earlier court order for SNB to pay 45 million reals plus interest and costs, and will be finalized upon approval by the São Paulo State Court of Appeals; the company will book the full amount as an extraordinary loss in the fiscal year ending March 31, 2026, though the impact on profit attributable to owners of parent will be limited to roughly half that figure due to its 50% stake in SNB, and it is maintaining its current earnings forecast for the year.
The most recent analyst rating on (JP:4997) stock is a Hold with a Yen1090.00 price target. To see the full list of analyst forecasts on Nihon Nohyaku Co., Ltd. stock, see the JP:4997 Stock Forecast page.
More about Nihon Nohyaku Co., Ltd.
Nihon Nohyaku Co., Ltd. is a Japanese chemical manufacturer listed on the Prime Market of the Tokyo Stock Exchange, primarily engaged in the development, production and sale of agrochemicals and related crop-protection products for global agricultural markets. Through subsidiaries such as Sipcam Nichino Brasil S.A., the company has a significant presence in overseas agrochemical markets including Brazil.
Average Trading Volume: 176,347
Technical Sentiment Signal: Buy
Current Market Cap: Yen79.75B
See more data about 4997 stock on TipRanks’ Stock Analysis page.