Overseas sales have driven rising first-quarter profits at Japanese conglomerate Ajinomoto, the company said today (31 July).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Ajinomoto, a diversified manufacturer producing food, seasonings and pharmaceuticals, recorded a 37.3% leap in operating income to JPY14.1bn (US$118.3m).
The rise in profits came after rising sales in overseas markets and despite a slump in domestic earnings due rising raw material costs.
Ajinomoto saw its overseas profits soar by over 70% to JPY4.6bn thanks to the growth in sales of flavour seasonings, the company said.
Group net sales rose over 8% to JPY298.8bn for the three months to 31 March, Ajinomoto added.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
