Overseas sales have driven rising first-quarter profits at Japanese conglomerate Ajinomoto, the company said today (31 July).


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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.