July 30, 2021
Ajinomoto Co., Inc. Consolidated Results First Quarter Ended June 30, 2022 (Page 1)
■ Consolidated Financial Statements | (Billion yen) | |||||||||
Apr.- Jun. | Apr.- Jun. | YoY Change | FY21 | |||||||
Amount | % | Progress | ||||||||
FY21 | FY20 | Forecast | ||||||||
Sales | 276.3 | 247.9 | 28.4 | 11% | 1,113.0 | 24% | ||||
Share of profit of associates and | 1.9 | 1.0 | 0.9 | 88% | - | - | ||||
joint ventures | ||||||||||
Business profit1 | 38.9 | 33.8 | 5.1 | 15% | 115.0 | 33% | ||||
Gain on sale of fixed assets | 0.3 | 0.2 | 0.0 | 35% | - | - | ||||
Other | 1.4 | 3.8 | -2.4 | -62% | - | - | ||||
Other operating income | 1.7 | 4.0 | -2.3 | -57% | - | - | ||||
Loss on disposal of fixed assets | 1.3 | 0.6 | 0.7 | 110% | - | - | ||||
Other | 2.9 | 1.7 | 1.2 | 68% | - | - | ||||
Other operating expenses | 4.3 | 2.4 | 1.9 | 79% | - | - | ||||
Operating profit | 36.3 | 35.4 | 0.8 | 2% | 101.0 | 36% | ||||
Interest income | 0.3 | 0.4 | -0.1 | -26% | - | - | ||||
Other | 0.6 | 0.7 | -0.0 | -7% | - | - | ||||
Financial income | 1.0 | 1.1 | -0.1 | -14% | - | - | ||||
Interest expenses | 0.8 | 0.8 | -0.0 | -9% | - | - | ||||
Other | 1.5 | 0.9 | 0.5 | 60% | - | - | ||||
Financial expenses | 2.4 | 1.8 | 0.5 | 27% | - | - | ||||
Profit before income taxes | 34.9 | 34.7 | 0.1 | 0% | 97.5 | 35% | ||||
Income taxes | 11.0 | 9.8 | 1.1 | 11% | 32.6 | 33% | ||||
Tax rate | 31.5% | 28.3% | 33.5% | |||||||
Continuing operations | 23.9 | 24.9 | -0.9 | -3% | - | - | ||||
Discontinued operations | - | - | - | - | - | - | ||||
Profit | 23.9 | 24.9 | -0.9 | -3% | 64.8 | 36% | ||||
Attributable to owners of | 22.0 | 22.3 | -0.2 | -1% | 60.0 | 36% | ||||
the parent company | ||||||||||
Non-controlling interests | 1.8 | 2.5 | -0.6 | -27% | 4.8 | 37% |
1. A profit indicator defined by Ajinomoto for administrative purposes.
(Sales - Cost of sales - Selling expenses, Research & development expenses and General & administrative expenses + Share of profit of associates and joint ventures)
■ Business Effects of Foreign Exchange
Foreign Exchange Information | Apr. - Jun. | Apr. - Jun. | FY21 | |||
FY21 | FY20 | Forecast | ||||
JPY/USD | 109.52 | 107.63 | 105.00 | |||
JPY/EUR | 131.94 | 118.59 | 125.00 | |||
JPY/THB | 3.49 | 3.37 | 3.39 | |||
JPY/BRL | 20.71 | 20.06 | 20.59 | |||
(Billion yen) | ||||||
Apr.- Jun. FY21 | ||||||
Effect of | Effect of | |||||
Effect of Foreign Exchange | currency | |||||
trade* | ||||||
translation | ||||||
Sales | +6.1 | Approx.+0.0 | ||||
Business profit | +1.1 | Approx.+1.0 | ||||
* Approximations to nearest ¥0.5 billion | ||||||
(Billion yen) | ||||||
Excluding the Effect of | Apr. - Jun. | Apr. - Jun. | YoY Change | |||
Currency Translation | FY21 | FY20 | Amount | % | ||
Sales | 270.1 | 247.9 | 22.2 | 9% | ||
Seasonings and Foods | 154.4 | 142.3 | 12.1 | 8% | ||
Frozen Foods | 51.7 | 48.2 | 3.4 | 7% | ||
Healthcare and Others | 61.2 | 54.0 | 7.2 | 13% | ||
Other | 2.7 | 3.3 | -0.5 | -17% | ||
Business profit | 37.7 | 33.8 | 3.9 | 11% | ||
Seasonings and Foods | 23.5 | 23.8 | -0.2 | -1% | ||
Frozen Foods | 0.9 | 1.8 | -0.9 | -50% | ||
Healthcare and Others | 12.2 | 7.4 | 4.8 | 64% | ||
Other | 0.9 | 0.5 | 0.3 | 65% |
■ Impacts of Raw Materials
(Billion yen)
Apr.- Jun. FY21 | |||
Raw | Fermentation raw materials | ||
materials | |||
and fuel prices | |||
(Domestic) | |||
Seasonings and Foods | -0.2 | Main raw materials: | -2.4 |
Frozen Foods | +0.1 | Sub raw materials: | -0.3 |
Healthcare and Others | Energy: | -0.1 | |
Total | -0.0 | -2.8 |
1
Ajinomoto Co., Inc. Consolidated Results First Quarter Ended June 30, 2022 (Page 2)
July 30, 2021
Revised November 18, 2021
■ Consolidated Results by Segment
(Billion yen) | Factors leading to year-on-year increases and decreases are listed in order, from the largest to the smallest. | ||||||||||
Seasonings and Foods | |||||||||||
Apr.- Jun. | Apr.- Jun. | Change | FY21 | Progress | Sauce & Seasonings: | ||||||
FY21 | FY20 | Forecast | Large increase in revenue due to strong sales of home-use products and recovery of foodservice-use | ||||||||
products in some channels, both overseas, despite being level with the previous year in Japan. | |||||||||||
In Japan, revenue was level with the previous year due to the fall back in at-home demand after the | |||||||||||
Sales | 276.3 | 247.9 | 28.4 | 1,113.0 | 24% | rapid rise in the previous year, despite effective sales promotion activities. | |||||
Overseas, revenue increased significantly due to strong sales of home-use products accompanying | |||||||||||
Seasonings and Foods | 157.5 | 142.3 | 15.1 | 654.7 | 24% | strong at-home demand and recovery of sales of foodservice-use products in some channels. | |||||
Quick Nourishment: | |||||||||||
Increase in revenue due to increased sales of soup products in Japan as well as instant noodles and | |||||||||||
Sauce & Seasonings | 75.8 | 65.7 | 10.0 | 308.8 | 24% | beverages overseas. | |||||
In Japan, revenue increased due to increased sales of soup products against the backdrop of | |||||||||||
continued growing demand. | |||||||||||
Reference: sales of coffee products (Japan): ¥20.0 billion | |||||||||||
Quick Nourishment | 44.5 | 41.0 | 3.4 | 197.5 | 22% | Overseas, revenue increased significantly due to increased sales of instant noodles and beverages. | |||||
Solution & Ingredients: | |||||||||||
Solution & Ingredients (S&I) | 37.1 | 35.5 | 1.6 | 148.4 | 25% | Increase in revenue due to increased sales of umami seasonings for processed food manufacturers | |||||
worldwide and foodservice-use products in Japan. | |||||||||||
Reference: sales of umami seasonings for processed food mfrs.: ¥14.3 billion | |||||||||||
Frozen Foods | 52.4 | 48.2 | 4.2 | 208.2 | 25% | ||||||
Frozen Foods | |||||||||||
Increase in revenue overall due to significantly increased revenue in North America and Europe | |||||||||||
Healthcare and Others | 63.5 | 54.0 | 9.5 | 231.3 | 27% | because of increased sales, despite decreased revenue in Japan due to the impact of structural | |||||
reform. | |||||||||||
In Japan, revenue decreased due to the impact of ceasing sales accompanying structural reform, | |||||||||||
despite increased sales of high-value-added products. | |||||||||||
Bio-Pharma Services & Ingredients | 25.8 | 20.0 | 5.8 | 101.0 | 25% | Overseas, revenue increased significantly due to the rapid recovery of restaurant-use products and | |||||
continued steady demand for home-use products in North America as well as increased sales | |||||||||||
centered on mainstay products in Europe. | |||||||||||
Amino acids for | Approx.12.5 | Approx.11.0 | 1.1 | - | - | ||||||
pharmaceuticals and foods 1 | Healthcare and Others | ||||||||||
Bio-Pharma Services & Ingredients: | |||||||||||
Bio-Pharma Services 2 | Approx.13.5 | Approx.9.0 | 4.7 | - | - | Overall large increase in revenue due to increased sales of amino acids for pharmaceuticals and | |||||
foods and Bio-Pharma Services. | |||||||||||
Functional Materials: | |||||||||||
Functional Materials | 13.4 | 10.7 | 2.6 | 48.9 | 27% | Large increase in revenue primarily due to strong sales of electronic materials. | |||||
Others: | |||||||||||
Others | 24.2 | 23.2 | 1.0 | 81.4 | 29% | Increase in revenue due to increased sales of personal care ingredients and sports nutrition, despite | |||||
large decrease in revenue for animal nutrition due to the impact of structural reform. | |||||||||||
Other | 2.7 | 3.3 | -0.5 | 18.6 | 14% | ||||||
Business Profit | 38.9 | 33.8 | 5.1 | 115.0 | 33% | ||||||
Seasonings and Foods | 24.2 | 23.8 | 0.4 | 85.8 | 28% | ||||||
Seasonings and Foods | |||||||||||
Sauce & Seasonings | 18.1 | 17.3 | 0.8 | 65.9 | 27% | Sauce & Seasonings: | |||||
Increase in profit due to increased revenue overseas, despite strategic use of marketing expenses | |||||||||||
and the effect of rising raw material prices in Japan. | |||||||||||
Quick Nourishment | 5.4 | 4.7 | 0.6 | 20.6 | 26% | In Japan, large decrease in profit due to strategic use of marketing expenses and the effect of rising | |||||
raw material prices, despite sales being level with the previous year. | |||||||||||
Overseas, large increase in profit due to the effect of increased revenue. | |||||||||||
Solution & Ingredients (S&I) | 5.1 | 6.5 | -1.4 | 19.6 | 26% | Quick Nourishment: | |||||
Increase in profit due to the effect of increased revenue overseas, despite the launch of a new | |||||||||||
factory and the effect of strategic use of marketing expenses, both in Japan. | |||||||||||
Shared companywide expenses | -4.3 | -4.4 | 0.0 | -20.3 | 21% | In Japan, decrease in profit due to the effect of launching a new factory and strategic use of | |||||
marketing expenses. | |||||||||||
Reference: profit of coffee products (Japan): ¥2.7 billion | |||||||||||
Frozen Foods | 0.9 | 1.8 | -0.9 | 2.4 | 39% | Overseas, large increase in profit due to large increase in revenue. | |||||
Solutions & Ingredients: | |||||||||||
Frozen Foods | 2.3 | 3.3 | -0.9 | 8.6 | 27% | Large decrease in profit due to the impact of rising raw material and fuel costs for umami seasonings | |||||
for processed food manufacturers, despite increased revenue. | |||||||||||
Reference: profit of umami seasonings for processed food mfrs.: decreased ¥1.5 billion YoY | |||||||||||
Shared companywide expenses | -1.3 | -1.3 | 0.0 | -6.1 | 22% | Frozen Foods | |||||
Large decrease in profit due to strategic use of marketing expenses in Japan and increased costs in | |||||||||||
North America, despite increased revenue. | |||||||||||
Healthcare and Others | 12.7 | 7.4 | 5.2 | 29.2 | 43% | In Japan, decrease in profit due to strategic use of marketing expenses. | |||||
Overseas, large decrease in profit due to rising labor costs, raw material prices, and logistics costs in | |||||||||||
North America, despite significantly increased revenue. | |||||||||||
Bio-Pharma Services & Ingredients | 5.3 | 2.9 | 2.3 | 13.8 | 38% | Healthcare and Others | |||||
Bio-Pharma Services & Ingredients: | |||||||||||
Large increase in profit accompanying large increase in revenue. | |||||||||||
Functional Materials | 6.0 | 4.5 | 1.4 | 20.4 | 29% | Reference: profit of amino acids for pharmaceuticals and foods: increased ¥0.3 billion YoY, | |||||
Bio-Pharma Services: increased ¥2.0 billion YoY | |||||||||||
Others | 3.0 | 1.6 | 1.3 | 2.3 | 131% | Functional Materials: | |||||
Large increase in profit accompanying large increase in revenue. | |||||||||||
Others: | |||||||||||
Shared companywide expenses | -1.6 | -1.6 | -0.0 | -7.2 | 23% | ||||||
Large increase in profit due to the effects of increased revenue. | |||||||||||
Other | 0.9 | 0.5 | 0.3 | -2.6 | - | ||||||
Shared companywide expenses | -0.3 | -0.3 | -0.0 | -1.6 | 20% | ||||||
1 | From FY2021, the medical food business, which was included in amino acids for pharmaceuticals and foods, is included in the Others section of Healthcare and Others |
2 | From FY2021, the crop services business, which was included in Bio-Pharma Services, is included in the Others section of Healthcare and Others |
2
Ajinomoto Co., Inc. Consolidated Results First Quarter Ended June 30, 2022 (Page 3)
■ Business and Geographical Area
July 30, 2021 Revised November 18, 2021
(1) Results by business & geographical area
(Billion yen) | ||||||||||||||||||||
Japan | Asia | Americas | EMEA | Other | Total | |||||||||||||||
Apr.-Jun. | Apr.-Jun. | Change | Apr.-Jun. | Apr.-Jun. | Change | Apr.-Jun. | Apr.-Jun. | Change | Apr.-Jun. | Apr.-Jun. | Change | Apr.-Jun. | Apr.-Jun. | Change | Apr.-Jun. | Apr.-Jun. | Change | |||
FY21 | FY20 | (%) | FY21 | FY20 | (%) | FY21 | FY20 | (%) | FY21 | FY20 | (%) | FY21 | FY20 | (%) | FY21 | FY20 | (%) | |||
Sales | 114.7 | 109.4 | 5.2 | 68.2 | 60.3 | 7.9 | 62.6 | 53.0 | 9.6 | 30.7 | 25.1 | 5.6 | - | - | - | 276.3 | 247.9 | 28.4 | ||
(4%) | (13%) | (18%) | (22%) | - | (11%) | |||||||||||||||
Seasonings and | 63.6 | 62.6 | 1.0 | 65.3 | 56.5 | 8.8 | 19.4 | 15.9 | 3.4 | 9.0 | 7.2 | 1.8 | - | - | - | 157.5 | 142.3 | 15.1 | ||
Foods | (1%) | (15%) | (21%) | (26%) | - | (10%) | ||||||||||||||
Frozen Foods | 22.3 | 22.5 | -0.2 | 0.8 | 0.8 | -0.0 | 26.5 | 23.3 | 3.2 | 2.7 | 1.4 | 1.2 | - | - | - | 52.4 | 48.2 | 4.2 | ||
(-1%) | (-6%) | (13%) | (88%) | - | (8%) | |||||||||||||||
Healthcare and | 26.0 | 20.9 | 5.1 | 1.9 | 2.9 | -0.9 | 16.6 | 13.6 | 2.9 | 18.9 | 16.4 | 2.4 | - | - | - | 63.5 | 54.0 | 9.5 | ||
Others | (24%) | (-31%) | (21%) | (14%) | - | (17%) | ||||||||||||||
Other | 2.6 | 3.3 | -0.6 | 0.0 | 0.0 | 0.0 | - | - | - | 0.0 | 0.0 | 0.0 | - | - | - | 2.7 | 3.3 | -0.5 | ||
(-18%) | (8212%) | - | - | - | (-17%) | |||||||||||||||
Business profit | 15.3 | 14.1 | 1.2 | 14.8 | 12.7 | 2.1 | 5.5 | 5.5 | 0.0 | 3.0 | 1.4 | 1.6 | - | - | - | 38.9 | 33.8 | 5.1 | ||
(8%) | (16%) | (1%) | (119%) | - | (15%) | |||||||||||||||
Seasonings and | 8.7 | 9.7 | -1.0 | 15.9 | 14.1 | 1.7 | 3.0 | 3.3 | -0.2 | 0.8 | 0.5 | 0.3 | -4.2 | -3.9 | -0.3 | 24.2 | 23.8 | 0.4 | ||
Foods | (-10%) | (12%) | (-8%) | (52%) | (8%) | (1%) | ||||||||||||||
Frozen Foods | 1.4 | 1.7 | -0.3 | 0.3 | 0.4 | -0.0 | 0.3 | 1.2 | -0.9 | 0.0 | -0.2 | 0.3 | -1.2 | -1.3 | 0.0 | 0.9 | 1.8 | -0.9 | ||
(-20%) | (-18%) | (-73%) | (-130%) | (-5%) | (-48%) | |||||||||||||||
Healthcare and | 6.7 | 4.5 | 2.2 | 0.6 | 0.2 | 0.3 | 3.7 | 2.5 | 1.2 | 2.7 | 1.6 | 1.0 | -1.1 | -1.4 | 0.2 | 12.7 | 7.4 | 5.2 | ||
Others | (48%) | (149%) | (49%) | (66%) | (-19%) | (70%) | ||||||||||||||
Other | 1.2 | 0.7 | 0.4 | -0.0 | -0.0 | -0.0 | - | - | - | 0.0 | 0.1 | -0.0 | -0.3 | -0.3 | -0.0 | 0.9 | 0.5 | 0.3 | ||
(58%) | (747%) | - | (-42%) | (1%) | (65%) | |||||||||||||||
Shared | -2.7 | -2.7 | 0.0 | -2.0 | -2.1 | 0.0 | -1.5 | -1.5 | -0.0 | -0.6 | -0.6 | -0.0 | 7.0 | 7.0 | -0.0 | - | - | - | ||
companywide | (0%) | (-2%) | (0%) | (0%) | (-0%) | - | ||||||||||||||
expenses |
(2) Overseas sales growth rate on LC basis by country (selected)
Seasonings and Foods | Apr.-Jun. | |||
(Sauce & Seasonings and | ||||
FY21 | ||||
Quick Nourishment)* | ||||
Thailand | +9% | |||
Asia | Indonesia | +8% | ||
Vietnam | +13% | |||
Phillippines | +19% | |||
Americas | Brazil | +29% | ||
*Overseas consumer products
(3) Sales progress by business & geographical area
(Billion yen)
Japan | Asia | Americas | EMEA | Total | ||||||||||||||
Apr.-Jun. | FY21 | Progress | Apr.-Jun. | FY21 | Progress | Apr.-Jun. | FY21 | Progress | Apr.-Jun. | FY21 | Progress | Apr.-Jun. | FY21 | Progress | ||||
FY21 | Forecast | FY21 | Forecast | FY21 | Forecast | FY21 | Forecast | FY21 | Forecast | |||||||||
Sales | 114.7 | 489.1 | 23% | 68.2 | 279.9 | 24% | 62.6 | 242.8 | 25% | 30.7 | 101.0 | 30% | 276.3 | 1,113.0 | 24% | |||
Seasonings and | 63.6 | 280.1 | 22% | 65.3 | 268.5 | 24% | 19.4 | 73.7 | 26% | 9.0 | 32.2 | 28% | 157.5 | 654.7 | 24% | |||
Foods | ||||||||||||||||||
Frozen Foods | 22.3 | 89.3 | 25% | 0.8 | 3.5 | 23% | 26.5 | 104.1 | 25% | 2.7 | 11.1 | 24% | 52.4 | 208.2 | 25% | |||
Healthcare and | 26.0 | 101.4 | 25% | 1.9 | 7.3 | 27% | 16.6 | 64.9 | 25% | 18.9 | 57.6 | 32% | 63.5 | 231.3 | 27% | |||
Others | ||||||||||||||||||
Other | 2.6 | 17.9 | 15% | 0.0 | 0.4 | 6% | - | - | - | 0.0 | 0.0 | 0% | 2.7 | 18.6 | 14% | |||
3
July 30, 2021
Ajinomoto Co., Inc. Supplementary Materials First Quarter Ended March 31, 2022
Revised
■ Seasonings and Foods
1. Sauce & Seasonings and Quick Nourishment (Domestic and Overseas)
(1) Percentage of sales for product categories | (2) Percentage of sales for Geographical Areas | ||||||||
Others | EMEA | ||||||||
0% | |||||||||
Americas 3% | |||||||||
Packaged food | 9% | ||||||||
products | |||||||||
15% | Umami seasonings | ||||||||
Bevarage (Overseas) | Japan | ||||||||
23% | |||||||||
6% | |||||||||
37% | |||||||||
Apr.- Jun. FY21 | Apr.- Jun. FY21 | ||||||||
120.3 | |||||||||
Coffee products | 120.3 | ||||||||
billion yen | |||||||||
billion yen | |||||||||
(Japan) | |||||||||
17% | Asia | ||||||||
Flavor seasonings, etc | 51% | ||||||||
39% | |||||||||
(3) Coffee products
Percentage of sales for home-use products and restaurant and industrial-use products in Japanese market*
(Billion yen) | ||||||
FY19 | FY20 | Apr.-Jun. | Apr.-Jun. | |||
FY20 | FY21 | |||||
Sales | 88.7 | 85.5 | 20.7 | 20.7 | ||
Home-use products | 73% | 78% | 78% | 77% | ||
Restaurant and industrial- | 27% | 22% | 22% | 23% | ||
use products | ||||||
*Figures are for Ajinomoto AGF, Inc. only.
(4) Share and position of main brands in the home-use products market (Ajinomoto Group estimates, consumer purchase basis)
Sauce & Seasonings (Japan) | (Billion yen) | ||||||||||||
FY19 | FY20 | FY21 | |||||||||||
Category | Brands | Market | Market share | Market | Market share | Apr.- Jun. | Market | Apr.- Jun. | |||||
size | (rank) | size | (rank) | Market share(rank) | size | Market share(rank) | |||||||
Umami seasonings | AJI-NO-MOTO®, | 5.2 | 92%(1) | 5.4 | 93%(1) | 93%(1) | 5.4 | 93%(1) | |||||
Hi-Me® | |||||||||||||
Japanese flavor | HONDASHI® | 36.4 | 57%(1) | 38.3 | 56%(1) | 54%(1) | 38.3 | 56%(1) | |||||
seasonings | |||||||||||||
Consomme | Ajinomoto KK | 12.0 | 80%(1) | 13.3 | 82%(1) | 81%(1) | 13.0 | 81%(1) | |||||
Consomme | |||||||||||||
Mayonnaise | Pure Select® | 54.9 | 26%(2) | 58.3 | 24%(2) | 22%(2) | 58.3 | 24%(2) | |||||
Menu-specific | Cook Do® | 79.5 | 30%(1) | 81.8 | 30%(1) | 30%(1) | 81.8 | 30%(1) | |||||
Cook Do® Kyo-no | |||||||||||||
seasonings | |||||||||||||
Ohzara® | |||||||||||||
Sauce & Seasonings (Overseas) | |||||||||||||
FY20 | |||||||||||||
Area | Country | Category | Brands | Market share | |||||||||
(rank) | |||||||||||||
Umami seasonings | AJI-NO-MOTO®, | Approx.90%(1) | |||||||||||
Thailand | AJI-NO-MOTO PLUS | ||||||||||||
Flavor seasonings | RosDee® | Approx.80%(1) | |||||||||||
Asia | Indonesia | Umami seasonings | AJI-NO-MOTO® | Approx.40%(1) | |||||||||
Flavor seasonings | Masako® | Approx.50%(1) | |||||||||||
Vietnam | Umami seasonings | AJI-NO-MOTO® | Approx.60%(1) | ||||||||||
Phillippines | Umami seasonings | AJI-NO-MOTO® | Approx.100%(1) | ||||||||||
Americas | Brazil | Flavor seasonings | Tempero Sazon® | Approx.70%(1) | |||||||||
Quick Nourishment (Japan) | (Billion yen) | ||||||||||||
FY19 | FY20 | FY21 | |||||||||||
Category | Brands | Market | Market share | Market | Market share | Apr.- Jun. | Market | Apr.- Jun. | |||||
size | (rank) | size | (rank) | Market share(rank) | size | Market share(rank) | |||||||
Soup | Knorr® | 106.9 | 31%(1) | 113.3 | 31%(1) | 26%(1) | 116.7 | 28%(1) | |||||
Instant cofee | Blendy®, MAXIM® | 67.5 | 21%(2) | 68.5 | 22%(2) | 22%(2) | 68.5 | 22%(2) | |||||
Stick-type coffee | Blendy® Stick, | 33.2 | 58%(1) | 36.1 | 56%(1) | 59%(1) | 37.5 | 56%(1) | |||||
Blendy® CAFÉ | |||||||||||||
LATORY® Stick | |||||||||||||
Chyotto Zeitakuna | |||||||||||||
Regular coffee | Kohiten® | 45.1 | 13%(3) | 48.7 | 12%(3) | 12%(3) | 50.8 | 13%(3) | |||||
Blendy® Drip, | |||||||||||||
Chyotto Zeitakuna | |||||||||||||
Kohiten® Drip | |||||||||||||
QuickNourishment (Overseas) | |||||||||||||
FY20 | |||||||||||||
Area | Country | Category | Brands | Market share | |||||||||
(rank) | |||||||||||||
Asia | Thailand | RTD Coffee | Birdy® | Approx.50%(1) | |||||||||
4
July 30, 2021
Ajinomoto Co., Inc. Supplementary Materials First Quarter Ended March 31, 2022
2. Solution & Ingredients
Demand for MSG and nucleotides (Ajinomoto Group estimates) | (Thousand tons) | ||||||||||||
FY19 | FY20 | ||||||||||||
China | Other | Total | Market share | China | Other | Total | Market share | ||||||
MSG | 1,680 | 1,620 | 3,3001 | Approx. 20% | 1,640 | 1,600 | 3,2402 | Approx. 20% | |||||
Nucleotides | - | - | 58 | Approx. 25% | - | - | 60 | Approx. 25% | |||||
1. Home-use: a little under 60%, industrial-use: a little over 40% | 2. Home-use: a little under 60%, industrial-use: a little over 40% | |||||||||||||||||||||||||||||||||
■ | Frozen Foods | |||||||||||||||||||||||||||||||||
(1) Percentage of sales for home-use products and restaurant and industrial-use products | ||||||||||||||||||||||||||||||||||
(Billion | yen) | |||||||||||||||||||||||||||||||||
Japan* | FY19 | FY20 | Apr.- Jun. | Apr.- Jun. | ||||||||||||||||||||||||||||||
FY20 | FY21 | |||||||||||||||||||||||||||||||||
Sales | 98.1 | 91.5 | 22.0 | 22.0 | ||||||||||||||||||||||||||||||
Home-use products | 57% | 65% | 67% | 68% | ||||||||||||||||||||||||||||||
Restaurant and industrial- | 43% | 35% | 33% | 32% | ||||||||||||||||||||||||||||||
use products | ||||||||||||||||||||||||||||||||||
* Figures are for Ajinomoto | Frozen Foods Co., | Inc. only | ||||||||||||||||||||||||||||||||
(2) Market share and position of main brands in the home-use products market (Ajinomoto Group estimates, consumer purchase basis) | ||||||||||||||||||||||||||||||||||
Japan | (Billion yen) | |||||||||||||||||||||||||||||||||
FY19 | FY20 | FY21 | ||||||||||||||||||||||||||||||||
Category | Brands | Market | Market share | Market | Market share | Apr.- Jun. | Market size | Apr.- Jun. | ||||||||||||||||||||||||||
size | (rank) | size | (rank) | Market share(rank) | growth rate | Market share(rank) | ||||||||||||||||||||||||||||
Gyoza* | Gyoza, etc. | 51.2 | 49%(1) | 56.3 | 47%(1) | 48%(1) | Approx.103% | 44%(1) | ||||||||||||||||||||||||||
North America | (Million USD) | |||||||||||||||||||||||||||||||||
FY19 | FY20 | FY21 | ||||||||||||||||||||||||||||||||
Category | Brands | Market | Market share | Market | Market share | Market size | ||||||||||||||||||||||||||||
size2 | (rank) | size2 | (rank) | growth rate | ||||||||||||||||||||||||||||||
Asian frozen food1 | - | 1,105 | 28%(1) | 1,357 | 28%(1) | Approx.103-104% | ||||||||||||||||||||||||||||
1. Figures are for Ajinomoto Frozen Foods North America | Inc. only | |||||||||||||||||||||||||||||||||
2. Excluding sales to private brands. Figures include those | for warehouse clubs from FY2021. Prior periods has also been revised. | |||||||||||||||||||||||||||||||||
■ Information by Business Segment | ||||||||||||||||||||||||||||||||||
(1) Depreciation and amortization* | (Billion yen) | |||||||||||||||||||||||||||||||||
FY19 | FY20 | FY21 Forecast | ||||||||||||||||||||||||||||||||
Seasonings and Foods | 27.9 | 28.9 | 29.9 | |||||||||||||||||||||||||||||||
Frozen Foods | 10.5 | 10.0 | 11.1 | |||||||||||||||||||||||||||||||
Healthcare and Others | 15.5 | 15.1 | 13.3 | |||||||||||||||||||||||||||||||
Other | 3.9 | 4.2 | 4.3 | |||||||||||||||||||||||||||||||
All Company | 3.5 | 4.6 | 5.0 | |||||||||||||||||||||||||||||||
Total | 61.4 | 63.0 | 63.9 | |||||||||||||||||||||||||||||||
* Excluding discontinued operations. | ||||||||||||||||||||||||||||||||||
(2) Capital Expenditure/Investment | (Billion yen) | |||||||||||||||||||||||||||||||||
FY19 | FY20 | FY21 Forecast | ||||||||||||||||||||||||||||||||
Seasonings and Foods | 50.1 | 52.9 | 33.7 | |||||||||||||||||||||||||||||||
Frozen Foods | 9.7 | 13.4 | 13.7 | |||||||||||||||||||||||||||||||
Healthcare and Others | 18.4 | 17.7 | 23.2 | |||||||||||||||||||||||||||||||
Other | 0.6 | 0.6 | 0.4 | |||||||||||||||||||||||||||||||
All Company | 4.6 | 7.0 | 3.8 | |||||||||||||||||||||||||||||||
Total | 83.6 | 91.8 | 75.0 | |||||||||||||||||||||||||||||||
(3) R&D Expenses | (Billion yen) | |||||||||||||||||||||||||||||||||
FY19 | FY20 | FY21 Forecast | ||||||||||||||||||||||||||||||||
Seasonings and Foods | 6.0 | 6.4 | 7.0 | |||||||||||||||||||||||||||||||
Frozen Foods | 1.3 | 1.2 | 1.2 | |||||||||||||||||||||||||||||||
Healthcare and Others | 8.3 | 8.2 | 9.0 | |||||||||||||||||||||||||||||||
Other | 0.2 | 0.0 | 0.4 | |||||||||||||||||||||||||||||||
All Company | 11.5 | 9.8 | 9.2 | |||||||||||||||||||||||||||||||
Total | 27.5 | 25.9 | 27.0 | |||||||||||||||||||||||||||||||
5
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Ajinomoto Co. Inc. published this content on 18 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 November 2021 04:31:02 UTC.