Ajinomoto Co., Inc. logo

Ajinomoto Co., Inc.

2802.T

JPXConsumer DefensivePackaged Foods

Latest quote

¥5,395

−¥1.00 · -0.02%

Aug 24, 1:16 PM JST

2802.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Ajinomoto Co., Inc. is a Japanese multinational corporation with a global presence, specializing in three main business areas: seasonings and food products, frozen culinary items, and a diverse healthcare and specialty chemicals portfolio. Its Seasonings and Foods division offers an extensive range of sauces and seasonings, featuring well-known brands such as AJI-NO-MOTO, HON-DASHI, Cook Do, Ajinomoto KK Consommé, Pure Select Mayonnaise, Ros Dee, Masako, Aji-ngon, Sazón, Sajiku, and CRISPY FRY. This segment also provides tailored ingredient solutions for both consumer packaged goods and the food service industry. Beyond culinary staples, it includes popular instant noodle brands like Knorr Cup Soup and YumYum, various coffee products under the Birdy and Blendy labels, the Birdy 3in1 powdered drink, MAXIM products, and Chyotto Zeitakuna Kohiten items. Additionally, it supplies gift sets and office amenities, including coffee vending machines and tea servers. Within the Frozen Foods segment, the company produces a variety of convenient meal options such as Chinese dumplings, cooked rice dishes, noodles, desserts, shumai, and processed chicken products. The Healthcare and Other segment demonstrates significant diversification. It supplies amino acids for a range of applications in the pharmaceutical, food, and cosmetic industries, alongside sports nutrition products and personal care ingredients. This division also provides sterile products and specialized contract manufacturing services for pharmaceutical intermediates and active ingredients. A notable offering is the Ajinomoto Build-up Film, an advanced interlayer insulating material crucial for semiconductor packages. Ajinomoto Co., Inc. was established in 1909 and maintains its headquarters in Tokyo, Japan.

Industry
Packaged Foods
Sector
Consumer Defensive
Headquarters
JP
CEO
Shigeo Nakamura
Listed since
May 16, 1949
Employees
34,787

Market position

Day range

Current ¥5,395

52-week range

Current ¥5,395

Open
¥5,368
Previous close
¥5,396
Volume
892.2K
0.19× average
Average volume
4.7M
Average daily volume
Market cap
5.15T JPY
Beta
0.37
Market reference 1
50-day average
¥5,455.94
-1.12% below average
200-day average
¥4,538.1
+18.88% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
4.59T JPY
P/E (TTM)
37.5×
P/B (TTM)
6.66×
P/S (TTM)
3.16×
EV / EBITDA
15.45×
Earnings yield
3.15%
Free cash flow yield
3.34%
Dividend yield
0.89%

Profitability & efficiency

Gross margin
38.16%
Operating margin
11.42%
Net margin
8.51%
Return on equity
17.47%
Return on assets
7.43%
Return on invested capital
9.12%

Financial health

Debt / equity
0.73×
Current ratio
1.57×
Altman Z-score
4.62
Piotroski F-score
8 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends41%28%15%1%Gross margin, FY2022: 37.05%Gross margin, FY2023: 34.61%Gross margin, FY2024: 35.54%Gross margin, FY2025: 35.98%Gross margin, FY2026: 37.71%Operating margin, FY2022: 10.84%Operating margin, FY2023: 10.96%Operating margin, FY2024: 10.19%Operating margin, FY2025: 7.45%Operating margin, FY2026: 10.93%Net margin, FY2022: 6.59%Net margin, FY2023: 6.92%Net margin, FY2024: 6.05%Net margin, FY2025: 4.59%Net margin, FY2026: 8.50%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 37.05%. Gross margin FY2023 34.61%. Gross margin FY2024 35.54%. Gross margin FY2025 35.98%. Gross margin FY2026 37.71%. Operating margin FY2022 10.84%. Operating margin FY2023 10.96%. Operating margin FY2024 10.19%. Operating margin FY2025 7.45%. Operating margin FY2026 10.93%. Net margin FY2022 6.59%. Net margin FY2023 6.92%. Net margin FY2024 6.05%. Net margin FY2025 4.59%. Net margin FY2026 8.50%.

Income trends

Revenue

1.58T JPY+3.47%

Operating income

173.05B JPY+51.84%

Net income

134.68B JPY+91.65%
Income trends across reported periods1.74T JPY1.13T JPY524.31B JPY−81.07B JPYRevenue, FY2022: 1.15T JPYRevenue, FY2023: 1.36T JPYRevenue, FY2024: 1.44T JPYRevenue, FY2025: 1.53T JPYRevenue, FY2026: 1.58T JPYOperating income, FY2022: 124.57B JPYOperating income, FY2023: 148.93B JPYOperating income, FY2024: 146.68B JPYOperating income, FY2025: 113.97B JPYOperating income, FY2026: 173.05B JPYNet income, FY2022: 75.73B JPYNet income, FY2023: 94.07B JPYNet income, FY2024: 87.12B JPYNet income, FY2025: 70.27B JPYNet income, FY2026: 134.68B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.15T JPY. Revenue FY2023 1.36T JPY. Revenue FY2024 1.44T JPY. Revenue FY2025 1.53T JPY. Revenue FY2026 1.58T JPY. Operating income FY2022 124.57B JPY. Operating income FY2023 148.93B JPY. Operating income FY2024 146.68B JPY. Operating income FY2025 113.97B JPY. Operating income FY2026 173.05B JPY. Net income FY2022 75.73B JPY. Net income FY2023 94.07B JPY. Net income FY2024 87.12B JPY. Net income FY2025 70.27B JPY. Net income FY2026 134.68B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue1.58T JPY1.53T JPY1.44T JPY1.36T JPY1.15T JPY
Cost of goods sold986.57B JPY979.79B JPY927.78B JPY888.73B JPY723.47B JPY
Gross profit597.15B JPY550.76B JPY511.45B JPY470.39B JPY425.9B JPY
Research and development32.11B JPY30.92B JPY28.77B JPY25.87B JPY24.84B JPY
Selling, general, and administrative391.99B JPY366.85B JPY339.73B JPY313.51B JPY281.12B JPY
Operating expenses424.1B JPY436.8B JPY364.77B JPY321.46B JPY301.33B JPY
Interest income9.02B JPY8.79B JPY7.78B JPY6.1B JPY6.87B JPY
Interest expense12.32B JPY14.43B JPY12.41B JPY14.99B JPY8.97B JPY
Depreciation and amortization88.91B JPY86.46B JPY78.3B JPY71.82B JPY66.23B JPY
Operating income173.05B JPY113.97B JPY146.68B JPY148.93B JPY124.57B JPY
Net income134.68B JPY70.27B JPY87.12B JPY94.07B JPY75.73B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
55%
6 beats, 5 misses, 0 met estimates
Average EPS surprise
-24.31%
11 comparable reports
Latest EPS result
38.11
Estimate 34.34 · Beat by 10.98%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates70.7441.3211.89-17.53Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 3, 2025: actual 32.07, estimate 64.65, surprise -50.39%, Miss. Q2 2025, reported May 8, 2025: actual -11.44, estimate 16.34, surprise -170.01%, Miss. Q3 2025, reported Aug 4, 2025: actual 33.38, estimate 31.57, surprise +5.73%, Beat. Q4 2025, reported Nov 6, 2025: actual 20.34, estimate 33.28, surprise -38.88%, Miss. Q1 2026, reported Feb 5, 2026: actual 39.77, estimate 36.1, surprise +10.17%, Beat. Q2 2026, reported May 7, 2026: actual 46.06, estimate 41.04, surprise +12.23%, Beat. Q3 2026, reported Aug 6, 2026: actual 38.11, estimate 34.34, surprise +10.98%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 25.85, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates443.74B413.09B382.43B351.78BQ1 '25BeatQ2 '25MissQ3 '25MissQ4 '25MissQ1 '26BeatQ2 '26BeatQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 3, 2025: actual 406.79B JPY, estimate 406.62B JPY, surprise +0.04%, Beat. Q2 2025, reported May 8, 2025: actual 368.85B JPY, estimate 393.91B JPY, surprise -6.36%, Miss. Q3 2025, reported Aug 4, 2025: actual 372.44B JPY, estimate 386.88B JPY, surprise -3.73%, Miss. Q4 2025, reported Nov 6, 2025: actual 389.79B JPY, estimate 392.73B JPY, surprise -0.75%, Miss. Q1 2026, reported Feb 5, 2026: actual 426.67B JPY, estimate 418.88B JPY, surprise +1.86%, Beat. Q2 2026, reported May 7, 2026: actual 415.2B JPY, estimate 412.01B JPY, surprise +0.77%, Beat. Q3 2026, reported Aug 6, 2026: actual 412.11B JPY, estimate 400.15B JPY, surprise +2.99%, Beat. Q4 2026, reported Nov 9, 2026: actual —, estimate 412.64B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥44.00

2025 complete year+76.0% since 2021

2026 partial: ¥24.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥25.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥25.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥24.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 22, 2026

Dividend

Ex-dividend Sep 29, 2025

¥24.00

Semi-Annual

Record Sep 30, 2025 · Payment Dec 2, 2025

Dividend

Ex-dividend Mar 28, 2025

¥40.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 23, 2025

Dividend

Ex-dividend Sep 27, 2024

¥40.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 3, 2024

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