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Consumer Non-Durables

Ajinomoto Co., Inc.

Business Summary

Ajinomoto Co., Inc. engages in the manufacture, distribution, and sale of food products, amino acids, and pharmaceuticals. It operates through the following segments: Seasoning and Foods, Frozen Foods, Healthcare and Others, and Others. The Seasoning and Foods segment offers spices such as Ajinomoto, Cook Do, Ros Dee, Masako, Aji-ngon, Sazon, SAJIKU, and CRISPY FRY. It also provides nutritional and processed food such as Knorr Cup Soup, YumYum, Blendy, and MAXIM brand products. It also covers ingredients for processed food, bakery products, beverages, and sweeteners. The Frozen Foods segment sells dumplings, rice, noodles, desserts, and processed chicken products. The Healthcare and Others segment deals with amino acids for pharmaceuticals, nutritional food, cosmetic materials, and chemical products. It also handles biopharmaceutical services. The Others segment includes contract manufacturing business, oil and fat-related business, logistics, and other services. The company was founded by Saburosuke Suzuki II on May 20, 1909 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2021 JPYUSD
Revenue1,071.45B10,102.57M
Gross Profit386,525M3,644.48M
Operating income111,819M1,054.32M
Income before tax97,003M914.62M
Net income59,416M560.22M
EBITDA174,864M1,648.76M
Diluted EPS108.321.02
Dividends Per Share420.39
Total Assets1,431.28B12,952.84M
Total liabilities763,440M6,908.95M
Total equity620,257M5,613.18M
Operating cash flow165,650M1,561.88M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,091.19B 1,114.78B 1,114.30B 1,100.03B 1,071.45B
Gross Profit 374,412M 381,827M 381,444M 384,968M 386,525M
Operating income 87,130M 91,084M 93,371M 101,591M 111,819M
Income before tax 86,684M 80,819M 54,698M 48,795M 97,003M
Net income 53,065M 57,533M 27,509M 18,643M 59,416M
EBITDA 133,782M 142,867M 145,856M 163,051M 174,864M
Diluted EPS 92.81 105.75 53.61 34.34 108.32
Dividends Per Share 30 32 32 32 42
Total Assets 1,350.10B 1,426.23B 1,393.86B 1,353.61B 1,431.28B
Total liabilities 659,428M 705,612M 707,904M 761,542M 763,440M
Total equity 616,315M 640,833M 610,543M 538,975M 620,257M
Operating cash flow 108,907M 126,655M 123,256M 114,856M 165,650M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 10,076.83M 10,058.28M 10,048.34M 10,117.55M 10,102.57M
Gross Profit 3,457.57M 3,445.08M 3,439.69M 3,540.72M 3,644.48M
Operating income 804.61M 821.81M 841.97M 934.37M 1,054.32M
Income before tax 800.49M 729.19M 493.24M 448.78M 914.62M
Net income 490.03M 519.09M 248.06M 171.46M 560.22M
EBITDA 1,235.43M 1,289.03M 1,315.26M 1,499.65M 1,648.76M
Diluted EPS 0.85 0.95 0.48 0.31 1.02
Dividends Per Share 0.27 0.28 0.28 0.29 0.39
Total Assets 12,116.17M 13,410.71M 12,593.11M 12,538.70M 12,952.84M
Total liabilities 5,917.86M 6,634.80M 6,395.66M 7,054.25M 6,908.95M
Total equity 5,530.96M 6,025.69M 5,516.04M 4,992.58M 5,613.18M
Operating cash flow 1,005.72M 1,142.76M 1,111.46M 1,056.38M 1,561.88M

Valuation Measures

Mar 2021
PER20.90
ROA4.26%
ROE10.25%
Operating margin10.43%
Profit margin5.54%

Key executives

  • President, Chief Executive Officer & Director: Takaaki Nishii
  • Senior Manager-Finance: Katsuhide Shirai
  • Manager-Legal Affairs & Compliance: Shuhei Takehara
  • Executive Officer & Manager-Audit: Takumi Matsuzawa
  • Director & Senior Managing Executive Officer: Chiaki Nosaka

Shareholders

  • Nomura Asset Management Co., Ltd. (5.6%)
  • Dai-ichi Life Holdings, Inc. (4.7%)
  • Nippon Life Insurance Co. (4.6%)
  • Mitsubishi UFJ Financial Group, Inc. (4.1%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.2%)
  • Nikko Asset Management Co., Ltd. (2.9%)
  • BlackRock Fund Advisors (2.8%)
  • Daiwa Asset Management Co. Ltd. (2.2%)
  • The Vanguard Group, Inc. (2.2%)
  • Meiji Yasuda Life Insurance Co. (2.0%)

Contact Details

Related Companies

  • Ajinomoto Animal Nutrition Group, Inc.
  • Ajinomoto Financial Solutions, Inc.
  • Ajinomoto Mirai Co., Ltd.
  • Ajinomoto Direct Co., Inc.
  • Nippon Protein Co., Ltd.
  • Ajinomoto Food Manufacturing Co., Ltd.
  • Okinawa Ajinomoto Co., Inc.
  • Sazonadores del Pacifico C. Ltda.
  • More Than Gourmet, Inc.
  • PT Ajinomoto Bakery Indonesia
  • PT Ajinomoto Sales Indonesia
  • Ajinomoto Philippines Flavor Food, Inc.
  • Myanmar Ajinomoto Foods Co., Ltd.
  • Ajinomoto Shanghai Specialty Chemicals Co., Ltd.
  • Shanghai Ajinomoto Trading Co., Ltd.
  • Ajinomoto Afrique de l'Ouest SA
  • Ajinomoto Foods Egypt SAE
  • Ajinomoto Istanbul Food Industry & Trade Ltd. Co.
  • Promasidor Holdings Ltd.
  • AB Logistics (Thailand) Co., Ltd.
  • Ajinomoto Bio-Pharma Services
  • YAMAKI Co., Ltd. (Ehime)
  • Ajinomoto Genexine Co., Ltd.
  • F-LINE Corp.
  • Dadelos Agrosolutions SL
  • Ajinomoto Foods North America, Inc.
  • Ajinomoto Board Incentive Plan
  • Delica Ace Corp.
  • Ajinomoto Bakery Co., Ltd.
  • Orgen Gida Sanayi Ve Ticaret AS

Competitors

  • Star Lake Bioscience Co., Inc. Class A
  • Daesang Corporation
  • Mitsubishi Corporation
  • CJ CheilJedang Corporation
  • Archer-Daniels-Midland Company
  • Evonik Industries AG
  • MeiHua Holdings Group Co Ltd. Class A
  • Fufeng Group Limited
  • Vedan International (Holdings) Ltd.
  • Global Bio-chem Technology Group Co. Ltd.
  • Strauss Group Ltd
  • Celanese Corporation
  • M. Dias Branco SA Industria e Comercio de Alimentos
  • Axcella Health, Inc.
  • Heidelberg Pharma AG
Last Updated on 22 Sep, 2021

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