Nihon Nohyaku revises forecast, impairs goodwill, changes dividend policy

Nihon Nohyaku (TSE:4997) announced a downward revision of its full-year earnings forecast for fiscal year 2025 due to lower sales projections in India, despite strong performance in the U.S. and Europe. The company now expects sales of ¥100 billion, up from the previous forecast of ¥104.5 billion. While operating and recurring profits are projected to exceed initial estimates, net profit attributable to the parent company is expected to decline, due to a ¥2.3 billion impairment loss on goodwill related to its subsidiary, Nichino India Pvt. Ltd.