ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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 2021 JPYUSD
Revenue1,071.45B10,102.57M
Gross Profit406,219M3,830.18M
Operating income111,820M1,054.33M
Income before tax98,320M927.04M
Net income59,416M560.22M
EBITDA174,865M1,648.77M
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 406,219M
Operating income 87,130M 91,084M 93,371M 101,591M 111,820M
Income before tax 86,684M 80,819M 54,698M 48,795M 98,320M
Net income 53,065M 57,533M 27,509M 18,643M 59,416M
EBITDA 133,782M 142,867M 145,856M 163,051M 174,865M
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 3,830.18M
Operating income 804.61M 821.81M 841.97M 934.37M 1,054.33M
Income before tax 800.49M 729.19M 493.24M 448.78M 927.04M
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 1,648.77M
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, 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%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.2%)
  • Nikko Asset Management Co., Ltd. (2.9%)
  • BlackRock Fund Advisors (2.8%)
  • Meiji Yasuda Life Insurance Co. (2.2%)
  • The Vanguard Group, Inc. (2.2%)
  • Daiwa Asset Management Co. Ltd. (2.2%)

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

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends January 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more