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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 2022 JPYUSD
Revenue1,149.37B10,228.19M
Gross Profit404,436M3,599.05M
Operating income119,931M1,067.26M
Income before tax121,487M1,081.10M
Net income75,725M673.87M
EBITDA186,165M1,656.67M
Diluted EPS139.421.24
Dividends Per Share520.46
Total Assets1,457.06B12,004.61M
Total liabilities717,312M5,909.88M
Total equity686,909M5,659.39M
Operating cash flow145,576M1,295.47M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 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 2018Mar 2019Mar 2020Mar 2021Mar 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
PER24.92
ROA5.24%
ROE11.58%
Operating margin10.43%
Profit margin6.58%

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%)
  • Mitsubishi UFJ Financial Group, Inc. (2.9%)
  • Nikko Asset Management Co., Ltd. (2.7%)
  • Capital Research & Management Co. (World Investors) (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • Daiwa Asset Management Co. Ltd. (2.1%)
  • Meiji Yasuda Life Insurance Co. (2.1%)

Contact Details

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Competitors

  • Mitsubishi Corporation
  • Daesang Corporation
  • CJ CheilJedang Corporation
  • Archer-Daniels-Midland Company
  • Evonik Industries AG
  • MeiHua Holdings Group Co Ltd. Class A
  • Fufeng Group Limited
  • Star Lake Bioscience Co., Inc. Class A
  • Global Bio-chem Technology Group Co. Ltd.
  • Vedan International (Holdings) Ltd.
  • Grupo Herdez SAB de CV
  • Strauss Group Ltd
  • Bluestar Adisseo Co. Class A
  • Celanese Corporation
  • Monde Nissin Corp.
Last Updated on 26 Jan, 2023

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