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Ajinomoto, 71% Increase in Net Income, Record High for The First Time in Three Years, Dividend Effectively Increased

Thu May 8, 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 May 8th (15:30). The consolidated net income for the fiscal year ending March 2025 decreased 19.3% from the previous period to 70.2 billion yen. For the fiscal year ending March 2026, the consolidated net income is expected to expand to 70.8% to 120 billion yenExpected to reach record high profits for the first time in three years. This will be the fifth consecutive term of revenue growth.

At the same time, the annual dividend for this fiscal year is 48 yen, taking into account the forward stock split scheduled to be allocated on March 31, this dividend represents an actual increase of 20.0%.

In the most recent three-month period, from January to March (4Q), the consolidated net income/loss turned to a loss of 12.1 billion yen (compared to a profit of 9.51 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 7.9% in the same period last year to -4.5%.

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Actual Results

Historical Performance
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 1,530,556 113,968 108,330 70,272 69.8 40 May 8, 2025 IFRS
YoY +6.3% -22.3% -23.7% -19.3% -16.7%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 1,532,500 ー ー 74,900 74.4 40 Apr 24, 2025 IFRS
Mar, 2025 Results 1,530,556 113,968 108,330 70,272 69.8 40 May 8, 2025 IFRS
Revision Rate -0.1% － － -6.2% -6.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 744,250 80,870 78,179 50,227 49.5 20 Nov 7, 2024 IFRS
Apr - Sep, 2025 Guidance ー ー ー ー － 24 May 8, 2025 IFRS
YoY － － － － －

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 1,618,000 ー ー 120,000 124.2 48 May 8, 2025 IFRS
YoY +5.7% － － +70.8% +78.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 379,521 -16,975 -19,262 -12,169 -12.1 -4.5 May 8, 2025 IFRS
YoY +2.1% － － － －

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