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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: Domestic Food Products, Overseas Food Products, Life Support, Healthcare and Others. The Domestic Food Products segment includes seasonings and processed foods, and frozen foods. The Overseas Food Products segment provides consumer foods, which include flavor seasonings and instant noodles; and umami seasonings for processed food manufacturers. The Life Support segment offers feed-use amino acids, amino acids for pharmaceuticals and foods, sweeteners, pharmaceutical fine chemicals, and specialty chemicals. The Healthcare segment handles medical foods and pharmaceuticals. The Others segment covers the packaging materials business, healthcare business, partnership 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 2020 JPYUSD
Revenue1,100.03B10,117.55M
Gross Profit384,968M3,540.72M
Operating income101,591M934.37M
Income before tax48,795M448.78M
Net income18,643M171.46M
EBITDA163,051M1,499.65M
Diluted EPS34.340.31
Dividends Per Share320.29
Total Assets1,353.61B12,538.70M
Total liabilities761,542M7,054.25M
Total equity538,975M4,992.58M
Operating cash flow114,856M1,056.38M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,149.42B 1,091.19B 1,114.78B 1,114.30B 1,100.03B
Gross Profit 377,368M 374,412M 381,827M 381,444M 384,968M
Operating income 95,816M 87,130M 91,084M 93,371M 101,591M
Income before tax 98,778M 86,684M 80,819M 54,698M 48,795M
Net income 68,504M 53,065M 57,533M 27,509M 18,643M
EBITDA 147,680M 133,782M 142,867M 145,856M 163,051M
Diluted EPS 121.23 92.81 105.75 53.61 34.34
Dividends Per Share 28 30 32 32 32
Total Assets 1,273.89B 1,350.10B 1,426.23B 1,393.86B 1,353.61B
Total liabilities 593,161M 659,428M 705,612M 707,904M 761,542M
Total equity 609,486M 616,315M 640,833M 610,543M 538,975M
Operating cash flow 129,311M 108,907M 126,655M 123,256M 114,856M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 9,571.83M 10,076.83M 10,058.28M 10,048.34M 10,117.55M
Gross Profit 3,142.52M 3,457.57M 3,445.08M 3,439.69M 3,540.72M
Operating income 797.90M 804.61M 821.81M 841.97M 934.37M
Income before tax 822.57M 800.49M 729.19M 493.24M 448.78M
Net income 570.46M 490.03M 519.09M 248.06M 171.46M
EBITDA 1,229.80M 1,235.43M 1,289.03M 1,315.26M 1,499.65M
Diluted EPS 1.00 0.85 0.95 0.48 0.31
Dividends Per Share 0.23 0.27 0.28 0.28 0.29
Total Assets 11,334.07M 12,116.17M 13,410.71M 12,593.11M 12,538.70M
Total liabilities 5,277.46M 5,917.86M 6,634.80M 6,395.66M 7,054.25M
Total equity 5,422.71M 5,530.96M 6,025.69M 5,516.04M 4,992.58M
Operating cash flow 1,076.83M 1,005.72M 1,142.76M 1,111.46M 1,056.38M

Valuation Measures

Mar 2020
PER58.50
ROA1.35%
ROE3.24%
Operating margin9.23%
Profit margin1.69%

Key executives

  • President, CEO & Representative Director: Takaaki Nishii
  • Head-Finance, Accounting & Planning Group: Eiichi Mizutani
  • General Manager-Research & Planning: Hiroyuki Kojima
  • General Manager-Technology Development Center: Masaki Kashihara
  • Representative Director & Executive Vice President: Hiroshi Fukushi

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%)
  • The Vanguard Group, Inc. (2.5%)
  • Meiji Yasuda Life Insurance Co. (2.2%)
  • Nikko Asset Management Co., Ltd. (2.1%)
  • Daiwa Asset Management Co. Ltd. (2.0%)
  • BlackRock Fund Advisors (1.5%)
  • Norges Bank Investment Management (1.5%)

Contact Details

Related Companies

  • AB Logistics (Thailand) Co., Ltd.
  • Ajinomoto Bio-Pharma Services
  • Ajinomoto Genexine Co. Ltd.
  • 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
  • Ace Pack (Thailand) Co. Ltd.
  • Althea SARL
  • Ajinomoto Phlippines Global Food, Inc.
  • Ajinomoto SEA Regional Headquarters Co. Ltd.
  • Si Ayutthaya Real Estate Co. Ltd.
  • Amoy North America, Inc.
  • Shenzhen Amoy Foods Co. Ltd.
  • FD Green (Thailand) Co. Ltd.
  • Xiamen Ajinomoto Life Ideal Foods Co. Ltd.
  • Shanghai Ajinomoto Food Research & Development Center Co. Ltd.
  • Ajinomoto (Cambodia) Co. Ltd.
  • Ajinomoto Istanbul Food Sales Ltd.
  • Ajinomoto Frozen Foods (Thailand) Co. Ltd.
  • Ajinomoto Animal Nutrition (Singapore) Pte Ltd.
  • Lianyungang Ajinomoto Frozen Foods Co. Ltd.
  • Lianyungang Ajinomoto Ruyi Foods Co. Ltd.
  • PT Ajinex International
  • Ajinomoto Taiwan, Inc.
  • Ajinomoto India Pvt Ltd.
  • Ajinomoto de Mexico S de RL de CV
  • Henan Ajinomoto Amino Acid Co. Ltd.

Competitors

  • Evonik Industries AG
  • Star Lake Bioscience Co., Inc. Class A
  • MeiHua Holdings Group Co Ltd. Class A
  • Daesang Corporation
  • CJ CheilJedang Corporation
  • Mitsubishi Corporation
  • Archer-Daniels-Midland Company
  • Fufeng Group Limited
  • Global Bio-chem Technology Group Co. Ltd.
  • Vedan International (Holdings) Ltd.
  • Japan Tobacco Inc.
  • Emergent BioSolutions Inc.
  • Celanese Corporation
  • M. Dias Branco SA Industria e Comercio de Alimentos
  • Axcella Health, Inc.
Last Updated on 4 Dec, 2020

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