Japanese seasoning company Ajinomoto said it will look at merger and acquisition possibilities in the food industry in a bid to expand, according to reports.
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In a recent interview, president Norio Yamaguchi said the company will “study” opportunities, including overseas firms, “in a proactive manner”.
He said that the strong yen and the recession had put it in a position to buy companies at home and abroad “cheaply”.
The statement follows the company’s announcement last week that it predicted a full-year loss after swinging into a net loss for the nine-month period ended 31 December.
The company posted a net loss of JPY4.31bn (US$48.2m) for the first nine months of its fiscal year, down from profits of JPY30.26bn seen in the comparable period of last year.
The group blamed the strength of the yen and a drop in demand.
