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Results2802Ajinomoto Co.,Inc.Food Products

Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS]

In the interim period, revenue, business profit and interim profit attributable to owners of the parent exceeded the same period of the previous year. In addition, the full-year forecasts were raised by ¥35 billion for revenue, ¥8 billion for business profit and ¥11.5 billion for profit attributable to owners of the parent, while the annual dividend forecast changed from ¥48 to ¥52.

Worth reading
64In focus
Scored from 5 of 6 sections
Direction
Improvement
Direction inferred from the company’s description.
Scale
350
¥100 million
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedIFRS
Net Sales831,162¥ millionYear on year +12.5%Progress 47.0%
Operating profit108,603¥ millionYear on year +25.2%Progress 51.7%
Ordinary income99,457¥ millionYear on year +24.2%
Net income attributable to owners of the parent73,311¥ millionYear on year +43.1%Progress 54.3%

The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.

Net income per share¥76.79
Financial position at period-end
Total assets1,851,182¥ million
of which net assets 836,857 ¥ millionEquity ratio 41.3%vs. prior year-end -1.2pt

塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.

Cash inflows and outflows
Operating+74,039
Investment-26,081
Financials+7,961
Net change+55,919

Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.

Cash and cash equivalents at end of period¥159,401 million
Segment revenue
Seasonings and Food481,54058.5%+10.5%
Frozen Foods148,91018.1%+7.5%
Healthcare, etc.192,78423.4%+22.0%
Segment profit
Seasonings and Food77,50661.1%+11.4%
Frozen Foods1,9041.5%-54.0%
Healthcare, etc.47,47137.4%+57.8%
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,767,000 million (YoY +11.6%)
Operating profit¥210,000 million (YoY +15.9%)
Ordinary incomeNot disclosed
Net income¥135,000 million (YoY +0.2%)
Revision to Earnings ForecastNet Sales 1,732,000 / Operating profit 202,000 / Net income 123,500 → Net Sales 1,767,000 / Operating profit 210,000 / Net income 135,000
Annual Dividend Forecast¥48 → ¥52
Factors Behind Changes in Business Performance

Earnings increased due to higher revenue in the Seasonings, Foods and Healthcare, etc. segments and the effect of higher revenue. Frozen foods benefited from the effect of higher revenue, but earnings declined due to higher logistics costs and other factors. Interim profit attributable to owners of the parent also benefited from the recognition of deferred tax assets.

Disclosure regarding the going concern assumption

Not applicable.

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Material subsequent eventsNot applicable.
Impairment loss非開示
Depreciation and amortization¥47,344 million
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End977,735,616 shares
Treasury Shares at Period-End26,419,939 shares
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsIFRS
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥831,162 million (YoY +12.5%)
Operating profit¥108,603 million (YoY +25.2%)
Ordinary income¥99,457 million (YoY +24.2%)
Profit attributable to owners of the parent¥73,311 million (YoY +43.1%)
Net income per share¥76.79
Equity ratioEnd of the current fiscal period 41.3 / End of previous period 42.5
Total assets¥1,851,182 million
Net assets¥836,857 million
Cash flows from operating activities¥74,039 million
Cash flows from investing activities¥-26,081 million
Cash flows from financing activities¥7,961 million
Cash and cash equivalents at end of period¥159,401 million
Full-year earnings forecastNet Sales ¥1,767,000 million (YoY +11.6%) / Operating profit ¥210,000 million (YoY +15.9%) / Ordinary income Not disclosed / Net income ¥135,000 million (YoY +0.2%)
Revision to Earnings ForecastNet Sales 1,732,000 / Operating profit 202,000 / Net income 123,500 → Net Sales 1,767,000 / Operating profit 210,000 / Net income 135,000
Annual Dividend Forecast¥48 → ¥52
Segment revenueSeasonings and Food ¥481,540 million (YoY +10.5%) / Frozen Foods ¥148,910 million (YoY +7.5%) / Healthcare, etc. ¥192,784 million (YoY +22.0%)
Segment profitSeasonings and Food ¥77,506 million (YoY +11.4%) / Frozen Foods ¥1,904 million (YoY -54.0%) / Healthcare, etc. ¥47,471 million (YoY +57.8%)
Depreciation and amortization¥47,344 million
Impairment loss非開示
Disclosure regarding the going concern assumptionNot applicable.
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement Not disclosed
Changes in the scope of consolidationNew 0 / Excluded 0 / Company name Not applicable
Material subsequent eventsNot applicable.
Availability of Supplementary Financial Results MaterialsAvailable
Availability of Financial Results BriefingYes (for analysts)
Issued Shares at Period-End977,735,616 shares
Treasury Shares at Period-End26,419,939 shares
Factors Behind Changes in Business PerformanceEarnings increased due to higher revenue in the Seasonings, Foods and Healthcare, etc. segments and the effect of higher revenue. Frozen foods benefited from the effect of higher revenue, but earnings declined due to higher logistics costs and other factors. Interim profit attributable to owners of the parent also benefited from the recognition of deferred tax assets.
Items this document does not state (6)
Operating MarginPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogBreakdown of extraordinary income (loss)

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Earnings grew as a result of higher revenue in the Seasonings, Foods and Healthcare, etc. segments, together with the effect of higher revenue. Interim profit attributable to owners of the parent increased due to higher business profit, as well as the recognition of deferred tax assets related to corporate income taxes. The full-year forecasts were revised following a review of the situation in the Middle East, currency trends, economic conditions, sales conditions, raw material costs and other factors, as well as initiatives in each business.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Consolidated Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [IFRS] | Ajinomoto Co.,Inc. (2802) timely disclosure | Komori