kabutan

Ajinomoto, Net Income Forecast for the Fiscal Year Revised Upward by 8%, Exceeded Record Profit Forecast

Thu Feb 5, 2026 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 5th (15:30). The consolidated net income for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 8.9% from the same period last year, reaching 89.7 billion yen.

In addition, the full-year forecast for consolidated net income has been revised upward 8.3%, from the previous forecast of 120 billion yen to 130 billion yen (compared to 70.2 billion yen in the previous period), increasing the growth rate from 70.8% to 85.0%. The company has further increased its previous forecast of record profits for the first time in three years.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated net income for the October to March period (second half) is expected to increase 14.5%, from the previous forecast of 68.7 billion yen to 78.7 billion yen (compared to 20.0 billion yen in the same period of the previous year), increasing the growth rate from 3.4 times to 3.9 times.

In the most recent three-month period, from October to December (3Q), the consolidated net income grew 19.5% from the same period last year, reaching 38.5 billion yen. The operating profit margin rose from 12.3% in the same period last year to 13.4%.

Kabutan News

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, 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 81.5 117.8 Feb 3, 2025 IFRS
Apr - Dec, 2025 1,164,168 138,803 136,955 89,749 91.8 ー Feb 5, 2026 IFRS
YoY +1.1% +6.0% +7.3% +8.9% +12.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 879,119 ー ー 68,755 71.5 24 Nov 6, 2025 IFRS
Oct - Mar, 2025 New 861,119 ー ー 78,755 82.0 24 Feb 5, 2026 IFRS
Revision Rate -2.0% － － +14.5% +14.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,618,000 ー ー 120,000 124.9 48 May 8, 2025 IFRS
Mar, 2026 New 1,600,000 ー ー 130,000 135.3 48 Feb 5, 2026 IFRS
Revision Rate -1.1% － － +8.3% +8.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 786,306 33,098 30,151 20,045 19.9 20 May 8, 2025 IFRS
Oct - Mar, 2025 Guidance 861,119 ー ー 78,755 82.0 24 Feb 5, 2026 IFRS
YoY +9.5% － － +292.9% +311.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,439,231 146,682 142,043 87,121 83.7 37 May 9, 2024 IFRS
Mar, 2025 1,530,556 113,968 108,330 70,272 69.8 40 May 8, 2025 IFRS
Mar, 2026 Guidance 1,600,000 ー ー 130,000 135.3 48 Feb 5, 2026 IFRS
YoY +4.5% － － +85.0% +93.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 406,785 50,073 49,413 32,214 31.9 12.3 Feb 3, 2025 IFRS
Jan - Mar, 2025 379,521 -16,975 -19,262 -12,169 -12.1 -4.5 May 8, 2025 IFRS
Apr - Jun, 2025 364,008 49,380 48,072 32,218 32.6 13.6 Aug 4, 2025 IFRS
Jul - Sep, 2025 374,873 32,484 32,017 19,027 19.4 8.7 Nov 6, 2025 IFRS
Oct - Dec, 2025 425,287 56,939 56,866 38,504 39.4 13.4 Feb 5, 2026 IFRS
YoY +4.5% +13.7% +15.1% +19.5% +23.6%

Related Articles