JAPAN: Ajinomoto FY profit climbs, sales slide

By Michelle Russell | 5 November 2012

  • Net profit climbs 59%
  • Operating profit falls 14%
  • Net sales slide 1%
Ajinomoto reiterated its fiscal 2013 sales forecast and upped its profit forecast

Ajinomoto reiterated its fiscal 2013 sales forecast and upped its profit forecast

Japanese food maker Ajinomoto has recorded an increase in full-year profits but saw sales declines in all divisions except its domestic food unit.

Earnings in the 12 months to the end of March amounted to JPY15.3m (US$190.7m), a 59% increase on the prior year period. This was driven by an extraordinary gain of JPY27.7bn on the return of a "substitutional portion of the welfare pension fund", it said today (5 November).

Operating income, however, fell 14% in the period to JPY36.8bn, while sales slid 1% to JPY598.8bn as a result of a "challenging" food environment and high ingredient prices.

In the group's domestic food products business, sales increased 2% to JPY226.5bn, due to growth in sales of seasonings, processed foods, and frozen foods. Sales in all other divisions, however, fell.

Ajinomoto reiterated its fiscal 2013 sales forecast of JPY1.22tr and operating income forecast of JPY73.50bn. The firm upped its net income forecast to JPY47bn from JPY44bn previously.

Sectors: Chilled foods, Commodities & ingredients, Financials, Frozen

Companies: Ajinomoto

View next/previous articles

Currently reading -

JAPAN: Ajinomoto FY profit climbs, sales slide

There are currently no comments on this article

Be the first to comment on this article

Related research

Ajinomoto Interamericana Indústria e Comércio Ltda in Packaged Food (Brazil)

Retail and foodservice in packaged food account for significant sales of Ajinomoto in Brazil of 35%. The company continues to rely on the tradition of the Ajinomoto brand among consumers with monosodium glutamate and Hondashi. The company expects to ...

Artificial Sweeteners

This report analyzes the worldwide markets for Artificial Sweeteners in US$ Thousands by the following major Product Classes: Aspartame, Acesulfame Potassium, Saccharin, Sucralose, and Others....

Related articles

INDONESIA: Ajinomoto to build seasonings plant

Japanese food maker Ajinomoto is to invest JPY900m (US$94.75bn) in the construction of a seasoning plant in Indonesia to meet growing demand for overseas food products.

Welcome to the home of food information, insight & intelligence

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page