Ajinomoto has posted a rise in nine month sales and profits

Ajinomoto has posted a rise in nine month sales and profits

Ajinomoto has posted a jump in sales and profits for the first nine months of the year.

For the period ending 31 December, profits rose thanks to higher sales and gains on divestments.

Net income rose to JPY80.8bn (US$666.1m) from JPY39.8bn, and was helped by a gain on shares in affiliated companies of JPY24.8bn from the sale of its stake in noodle joint venture Nissin-Ajinomoto.

Operating income increased 49.7% to JPY80.1bn and was "boosted by a large increase in income from overseas seasonings and processed foods," said Ajinomoto.

Sales increased 23.5% to JPY903.2bn. The gain primarily reflects overseas growth in sales of seasonings and processed foods on a local currency basis and the inclusion of two additional companies: Windsor Quality Holdings acquired in November 2014 and Ajinomoto General Foods, acquired in April 2015.

9M Sales by Division

  • Japan Food Products: Sales +137.2% to JPY301bn.
  • International Food Products: Sales +131.3% to JPY354.6bn
  • Life Support: Sales +102% to JPY110.6bn
  • Healthcare: Sales +112.5% to JPY95.4bn
  • Other business: Sales +85.4% to JPY41.3bn