Japan-based food ingredients giant Ajinomoto said today (30 July) that its first-quarter profits had plummeted by more than a third due to losses on investment securities.

Ajinomoto’s net income fell 36.6% to JPY6.77bn (US$78.1m) for the three months to the end of June due to “a loss on devaluation of investment securities”.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

However, the company’s operating income jumped by 43.8% to JPY21.84bn on the back of a 6.6% increase in sales, which hit JPY304.38bn.

Profits from Ajinomoto’s domestic and overseas food products divisions both increased.

Domestically, Ajinomoto’s food products unit saw operating income leap by two-thirds to JPY7.4bn despite a 0.7% dip in sales to JPY108.3bn.

Ajinomoto’s overseas food products arm booked a 16.4% increase in operating income to JPY9.6bn. Sales were up 13.4% at JPY58.5bn.

GlobalData Strategic Intelligence

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

Just Food Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Just Food Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving food industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now