Ajinomoto, Apr-Dec (Cumulative 3Q) Net Income Increases by 6%

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Mon Feb 3, 2025 3:30 pm JST Earnings

2802 Ajinomoto Co., Inc. 【IFRS】

Earnings Report

Ajinomoto Co., Inc. <2802> [TSE Prime] announced its financial results (based on IFRS) after the market closed on February 3rd (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 6.2% from the same period last year, reaching 82.4 billion yen. The progress rate toward the full-year plan of 95 billion yen was 86.8%, it was below the five-year average of 101.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated net income for the January to March period (4Q) is expected to expand 31.9% from the same period last year, reaching 12.5 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 3.4% from the same period last year, reaching 32.2 billion yen. The operating profit margin rose from 11.8% in the same period last year to 12.3%.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	1,026,721	117,719	111,246	76,422	71.3	79.4	Jan 31, 2023	IFRS
Apr - Dec, 2023	1,067,645	117,390	114,444	77,602	74.3	80.6	Feb 6, 2024	IFRS
Apr - Dec, 2024	1,151,035	130,943	127,592	82,441	81.5	ー	Feb 3, 2025	IFRS
YoY	+7.8%	+11.5%	+11.5%	+6.2%	+9.7%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	751,227	74,024	71,918	40,664	39.1	18.50	May 9, 2024	IFRS
Oct - Mar, 2024 Guidance	788,250	ー	ー	44,773	45.0	20	Nov 7, 2024	IFRS
YoY	+4.9%	－	－	+10.1%	+15.2%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,359,115	148,928	140,033	94,065	88.0	34	May 11, 2023	IFRS
Mar, 2024	1,439,231	146,682	142,043	87,121	83.7	37	May 9, 2024	IFRS
Mar, 2025 Guidance	1,532,500	ー	ー	95,000	95.5	40	Nov 7, 2024	IFRS
YoY	+6.5%	－	－	+9.0%	+14.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	379,641	44,732	44,319	31,145	29.8	11.8	Feb 6, 2024	IFRS
Jan - Mar, 2024	371,586	29,292	27,599	9,519	9.2	7.9	May 9, 2024	IFRS
Apr - Jun, 2024	365,508	40,805	39,825	23,967	23.5	11.2	Aug 5, 2024	IFRS
Jul - Sep, 2024	378,742	40,065	38,354	26,260	25.9	10.6	Nov 7, 2024	IFRS
Oct - Dec, 2024	406,785	50,073	49,413	32,214	31.9	12.3	Feb 3, 2025	IFRS
YoY	+7.1%	+11.9%	+11.5%	+3.4%	+6.8%