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 2022	JPY	USD
Revenue	1,149.37B	10,228.19M
Gross Profit	404,436M	3,599.05M
Operating income	119,931M	1,067.26M
Income before tax	121,487M	1,081.10M
Net income	75,725M	673.87M
EBITDA	186,165M	1,656.67M
Diluted EPS	139.42	1.24
Dividends Per Share	52	0.46
Total Assets	1,457.06B	12,004.61M
Total liabilities	717,312M	5,909.88M
Total equity	686,909M	5,659.39M
Operating cash flow	145,576M	1,295.47M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	1,114.78B	1,114.30B	1,100.03B	1,071.45B	1,149.37B
Gross Profit	381,827M	381,444M	384,968M	386,525M	404,436M
Operating income	91,084M	93,371M	101,591M	111,819M	119,931M
Income before tax	80,819M	54,698M	48,795M	97,003M	121,487M
Net income	57,533M	27,509M	18,643M	59,416M	75,725M
EBITDA	142,867M	145,856M	163,051M	174,864M	186,165M
Diluted EPS	105.75	53.61	34.34	108.32	139.42
Dividends Per Share	32	32	32	42	52
Total Assets	1,426.23B	1,393.86B	1,353.61B	1,431.28B	1,457.06B
Total liabilities	705,612M	707,904M	761,542M	763,440M	717,312M
Total equity	640,833M	610,543M	538,975M	620,257M	686,909M
Operating cash flow	126,655M	123,256M	114,856M	165,650M	145,576M

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Revenue	10,058.28M	10,048.34M	10,117.55M	10,102.57M	10,228.19M
Gross Profit	3,445.08M	3,439.69M	3,540.72M	3,644.48M	3,599.05M
Operating income	821.81M	841.97M	934.37M	1,054.32M	1,067.26M
Income before tax	729.19M	493.24M	448.78M	914.62M	1,081.10M
Net income	519.09M	248.06M	171.46M	560.22M	673.87M
EBITDA	1,289.03M	1,315.26M	1,499.65M	1,648.76M	1,656.67M
Diluted EPS	0.95	0.48	0.31	1.02	1.24
Dividends Per Share	0.28	0.28	0.29	0.39	0.46
Total Assets	13,410.71M	12,593.11M	12,538.70M	12,952.84M	12,004.61M
Total liabilities	6,634.80M	6,395.66M	7,054.25M	6,908.95M	5,909.88M
Total equity	6,025.69M	5,516.04M	4,992.58M	5,613.18M	5,659.39M
Operating cash flow	1,142.76M	1,111.46M	1,056.38M	1,561.88M	1,295.47M

Valuation Measures

Mar 2022
PER	24.92
ROA	5.24%
ROE	11.58%
Operating margin	10.43%
Profit margin	6.58%

Key executives

President & Chief Executive Officer: Taro Fujie
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. (5.7%)
Dai-ichi Life Holdings, Inc. (4.8%)
Nippon Life Insurance Co. (4.7%)
Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.3%)
Nikko Asset Management Co., Ltd. (2.7%)
Capital Research & Management Co. (World Investors) (2.5%)
Mitsubishi UFJ Financial Group, Inc. (2.3%)
The Vanguard Group, Inc. (2.3%)
Daiwa Asset Management Co. Ltd. (2.2%)
Meiji Yasuda Life Insurance Co. (2.1%)

Contact Details

Website:http://www.ajinomoto.co.jp
Address: 1-15-1 Kyobashi, Chuo-Ku, Tokyo, 104-8315, Japan
Phone: +81.3.5250.8111

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Competitors

Mitsubishi Corporation
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Grupo Herdez SAB de CV
Japan Tobacco Inc.
Bluestar Adisseo Co. Class A
Monde Nissin Corp.

Last Updated on 29 Mar, 2023