Nihon Nohyaku Co Ltd (4997.T)
Latest Key Developments (Source: Significant Developments)
Nihon Nohyaku Co Ltd:The U.S. Environmental Protection Agency said on Tuesday it was moving to halt the sale of insecticides from Bayer and Nichino America containing an active ingredient called flubendiamide found to pose risks to the environment - RTRS.Bayer CropScience, the agricultural arm of Bayer AG, had anticipated the action after rejecting the EPA's request to voluntarily pull the insecticide from the marketplace last month.The company said it expects to request an administrative law hearing from the EPA's Office of General Counsel within the next 30 days to dispute the EPA's conclusion that the pesticide is unsafe.U.S. pesticide regulation law requires a final ruling by the administrative law judge within 75 days of receiving the hearing request. The insecticide can remain on the market throughout the process.Flubendiamide is the active ingredient in Bayer's Belt and Nichino's Tourismo and Vetica insecticides. It is registered for use on over 200 crops, including soybeans, almonds and tobacco, with some crops having as many as six applications per year, according to the EPA.Bayer's Belt is applied to some 2 million to 2.5 million acres of crops in the United States, he said.Top use states include California and Arizona, home to various produce and tree nut crops, and several soybean, tobacco and cotton-producing states across the U.S. South and Southeast, he said.Nichino America, which had no comment on the EPA move, is a unit of Nihon Nohyaku Co Ltd. Full Article
TOKYO, Sept 27 Japanese stocks fell to 1-1/2-week lows on Wednesday as ex-dividend share price adjustments dented high yielders such as automakers, offsetting gains in tech firms which tracked strength in their U.S. counterparts.