|
<br />10
<br />
<br />15
<br />
<br />planning to
<br />launch full-
<br />
<br />percentage
<br />points to
<br />25.2%.
<br />
<br />We are
<br />
<br />
<br />KenoGard SA. an affiliate company
<br />in Spain
<br />
<br />sales rose by 0.7
<br />
<br />herbicide for paddy rice grew, mainly in Vietnam.
<br />Sales were also steady in the European market,
<br />backed by a demand recovery in wc:stern Europe
<br />and a rise in demand in eastern Europe, namely
<br />in Poland. The weaker yen also helped to expand
<br />overall export sales. The share of export sales to
<br />total divisional
<br />
<br />for corn crops began in the
<br />North American market. In Asia, sales of SIRIUS
<br />
<br />-.-. --.------------.----------
<br />DIEHARD, water-dispersible granule
<br />herbicide for paddy rice plants
<br />
<br />
<br />" .....-...
<br />
<br />D>ft<<~!I
<br />, O'i'!!~!.>;!'.'!~.~
<br />----"'"
<br />
<br />both agrochemicals and
<br />fertilizers.
<br />
<br />and fertilizers in paste
<br />
<br />increased, contributing
<br />an overall increase in sales of
<br />
<br />form
<br />form,
<br />
<br />of new products, such as
<br />PRINCE insecticide in granular
<br />
<br />REVIEW OF OPERATIONS
<br />
<br />e
<br />
<br />-
<br />scale commercialization of SANMITE acaricide for
<br />fruit trees in the North American Market during
<br />the next term.
<br /> PHILAGRO, an affiliate
<br /> company in France
<br />Net Sales
<br />Agricultural Div.
<br />60,000
<br />so,ooo
<br />40,000
<br />30,000
<br />20.000
<br />10,000
<br />0
<br />
<br />
<br />Total
<br />
<br />CONTINGENT LIABILITIES (Note 14)
<br />
<br />Legal reserve
<br />Retained earnings
<br />Total shareholders' equity
<br />
<br />liabilities and shareholders' equity
<br />
<br />\l129,283
<br />
<br />16,341
<br />10,340
<br />1,529
<br />11,645
<br />39,855
<br />
<br />Y135,380
<br />
<br />16,341
<br />10,340
<br />1,434
<br />9,580
<br />37,695
<br />
<br />Y122,639
<br />
<br />16,341
<br />10,340
<br />1,340
<br />8,102
<br />36,123
<br />
<br />$1,041,765
<br />
<br />131,676
<br />83,320
<br />12,321
<br />93,836
<br />321,152
<br />
<br />SHAREHOLDERS' EQUITY (Note 13 and 15)
<br />Common stock, tl50 par value:
<br />Authorized: 360,000,000 shares
<br />Issued and outstanding:
<br />1996 and 1997:
<br />
<br />March 31, 1995,
<br />Additional paid-in capital
<br />
<br />179,075,165 shares
<br />
<br />Export sales recorded a
<br />considerable 'increase as full-
<br />scale sales of PERMIT herbicide
<br />
<br />to
<br />
<br />
<br />
<br />LONG-TERM LIABILITIES
<br />Long-term debt (Note 11)
<br />Other long-term liabilities
<br />Total
<br />
<br />long-term
<br />
<br />liabilities
<br />
<br />34,621
<br />796
<br />35,417
<br />
<br />36,008
<br />1,273
<br />37,281
<br />
<br />27,949
<br />196
<br />28,145
<br />
<br />278,977
<br />6,414
<br />285,391
<br />
<br />Construction
<br />Accrued income taxes
<br />Accrued expenses and other current liabilities
<br />Total current liabilities
<br />
<br />CURRENT LIABILITIES
<br />Short-term bank loans (Note 8)
<br />Current portion of long-term debt (Note 11)
<br />Notes and accounts payable:
<br />Subsidiaries and affiliated companies
<br />Trade
<br />
<br />(Note 10)
<br />
<br />7,462
<br />14,~9
<br />3,714
<br />2,917
<br />9,969
<br />54,011
<br />
<br />\l12,430
<br />3,030
<br />
<br />10,138
<br />16,607
<br />3,923
<br />2,647
<br />9,550
<br />60,404
<br />
<br />Y14,070
<br />3,469
<br />
<br />9,477
<br />15,259
<br />2,274
<br />1,218
<br />7,962
<br />58,371
<br />
<br />Y1S,335
<br />3,846
<br />
<br />60,129
<br />116,753
<br />,29,927
<br />23,505
<br />80,330
<br />435,222
<br />
<br />$100,161
<br />24,416
<br />
<br />LIABILITIES AND
<br />
<br />SHAREHOLDERS' EQUITY
<br />
<br />e
<br />
<br />1997
<br />
<br />1996
<br />
<br />Millions of Yen
<br />
<br />e
<br />
<br />1995
<br />
<br />Thousands or
<br />U.S. Dollars
<br />(Note 4)
<br />1997
<br />
|