FY21 Revised Forecast by Segment
FY21 | FY21 | FY20 | Y on Y | |
Revised | Initial | Differrence | ||
Results | Change | |||
Forecast | Forecast | |||
Sales | 1,148.0 | 1,113.0 | 35.0 | 1,071.4 | 76.5 | ||||
Seasonings and Foods | 665.1 | 654.7 | 10.3 | 620.5 | 44.6 | ||||
Sauce | & Seasonings | 317.4 | 308.8 | 8.6 | 288.9 | 28.4 | |||
Quick Nourishment | 196.8 | 197.5 | -0.6 | 186.3 | 10.5 | ||||
Solution & Ingredients (S&I) | 150.7 | 148.4 | 2.3 | 145.1 | 5.5 | ||||
Frozen Foods | 217.0 | 208.2 | 8.7 | 198.2 | 18.7 | ||||
Frozen Foods | 217.0 | 208.2 | 8.7 | 198.2 | 18.7 | ||||
Healthcare and Others | 247.7 | 231.3 | 16.3 | 239.5 | 8.1 | ||||
Bio-Pharma Services & Ingredients | 106.3 | 101.0 | 5.2 | 91.4 | 14.8 | ||||
Amino acids for pharmaceuticals | 42.5 | ||||||||
and foods 2 | |||||||||
Bio-Pharma Services 3 | 49.0 | ||||||||
Functional Materials | 56.7 | 48.9 | 7.8 | 45.1 | 11.6 | ||||
Others | 84.5 | 81.4 | 3.1 | 102.8 | -18.2 | ||||
Others | 18.1 | 18.6 | -0.4 | 13.1 | 4.9 | ||||
Business Profit1 | 120.0 | 115.0 | 5.0 | 113.1 | 6.8 | ||||
Seasonings and Foods | 80.7 | 85.8 | -5.1 | 86.7 | -6.0 | ||||
Sauce | & Seasonings | 63.6 | 65.9 | -2.2 | 64.0 | -0.3 | |||
Quick Nourishment | 20.4 | 20.6 | -0.1 | 20.9 | -0.4 | ||||
Solution & Ingredients (S&I) | 17.5 | 19.6 | -2.1 | 21.0 | -3.5 | ||||
Shared companywide expenses | -20.9 | -20.3 | -0.5 | -19.2 | -1.6 | ||||
Frozen Foods | 2.3 | 2.4 | -0.1 | 2.3 | 0.0 | ||||
Frozen Foods | 8.6 | 8.6 | 0.0 | 8.2 | 0.3 | ||||
Shared companywide expenses | -6.3 | -6.1 | -0.1 | -5.8 | -0.4 | ||||
Healthcare and Others | 39.6 | 29.2 | 10.3 | 26.2 | 13.3 | ||||
Bio-Pharma Services & Ingredients | 15.7 | 13.8 | 1.9 | 11.9 | 3.8 | ||||
Functional Materials | 25.6 | 20.4 | 5.2 | 18.9 | 6.7 | ||||
Others | 5.6 | 2.3 | 3.2 | 2.8 | 2.7 | ||||
Shared companywide expenses | -7.4 | -7.2 | -0.2 | -7.4 | -0.0 | ||||
Others | -2.6 | -2.6 | -0.0 | -2.2 | -0.4 | ||||
Shared companywide expenses | -1.7 | -1.6 | -0.0 | -1.5 | -0.2 | ||||
November 4, 2021
(Billion yen)
FY21/1H | FY20/1H | Y on Y | FY21/2H | FY20/2H | Y on Y | Reasons for Forecast Revision |
Results | Results | Change | Forecast | Results | Change | |
550.2 | 511.3 | 38.8 | 597.7 | 560.0 | 37.6 | Seasonings and Foods |
Sauce & Seasonings: Upward revision of revenue based on strong | ||||||
316.0 | 295.3 | 20.6 | 349.1 | 325.1 | 23.9 | sales, and the impact of rising unit prices, both overseas, the impact of |
currency translation, etc. | ||||||
151.6 | 140.3 | 11.3 | 165.7 | 148.6 | 17.1 | Quick Nourishment: No significant revisions. |
88.7 | 83.5 | 5.1 | 108.1 | 102.7 | 5.3 | Solution & Ingredients: Upward revision of revenue overall based |
primarily on strong sales and rising unit prices of umami seasonings | ||||||
75.6 | 71.4 | 4.1 | 75.1 | 73.7 | 1.4 | |
for processed food mfrs. and the impact of currency translation, | ||||||
despite downward revision of revenue based on the most recent state | ||||||
106.3 | 98.8 | 7.5 | 110.6 | 99.4 | 11.2 | of sales of foodservice-use products in Japan. |
Frozen Foods | ||||||
106.3 | 98.8 | 7.5 | 110.6 | 99.4 | 11.2 | |
Upward revision of revenue based primarily on the impact of rising unit | ||||||
121.9 | 110.6 | 11.3 | 125.7 | 128.8 | -3.1 | prices in North America and the impact of currency translation. |
Healthcare and Others | ||||||
49.5 | 41.6 | 7.9 | 56.7 | 49.8 | 6.9 | |
Bio-Pharma Services & Ingredients: Upward revision of revenue based | ||||||
primarily on strong sales of amino acids for pharmaceuticals and foods | ||||||
24.0 | 21.5 | 2.7 | 21.0 | |||
and the impact of currency translation. | ||||||
Functional Materials: Upward revision of revenue based primarily on | ||||||
25.0 | 20.0 | 5.1 | 29.0 | |||
strong sales of electronic materials. | ||||||
28.5 | 21.6 | 6.9 | 28.2 | 23.5 | 4.7 | |
Others: Upward revision of revenue based primarily on strong sales of | ||||||
43.8 | 47.3 | -3.4 | 40.7 | 55.5 | -14.7 | personal care ingredients and the impact of currency translation. |
5.9 | 6.5 | -0.6 | 12.2 | 6.6 | 5.6 | |
69.3 | 61.9 | 7.3 | 50.6 | 51.1 | -0.5 | Seasonings and Foods |
Sauce & Seasonings: Downward revision of profit primarily based on | ||||||
the impact of rising raw material prices in the first half of the year | ||||||
45.0 | 47.0 | -2.0 | 35.6 | 39.7 | -4.0 | |
despite upward revision of revenue. | ||||||
33.9 | 35.7 | -1.7 | 29.7 | 28.3 | 1.4 | Quick Nourishment: No significant revisions. |
Solution & Ingredients: Downward revision of profit based primarily on | ||||||
10.6 | 9.7 | 0.9 | 9.8 | 11.2 | -1.3 | |
the impact of rising raw material prices for foodservice-use products in | ||||||
9.4 | 11.0 | -1.6 | 8.0 | 9.9 | -1.8 | Japan, despite upward revision of revenue. |
Frozen Foods | ||||||
-8.9 | -9.1 | 0.1 | -12.0 | -10.1 | -1.8 | |
Profit remains unchanged based primarily on the impact of rising raw | ||||||
material prices and logistics costs in North America being countered by | ||||||
1.0 | 2.6 | -1.6 | 1.2 | -0.3 | 1.6 | |
rising unit prices. | ||||||
Healthcare and Others | ||||||
3.8 | 5.5 | -1.6 | 4.7 | 2.7 | 2.0 | |
Bio-Pharma Services & Ingredients: Upward revision of profit | ||||||
-2.8 | -2.8 | 0.0 | -3.5 | -3.0 | -0.4 | accompanying upward revision of revenue. |
Functional Materials: Upward revision of profit accompanying upward | ||||||
22.8 | 11.9 | 10.9 | 16.7 | 14.3 | 2.4 | |
revision of revenue. | ||||||
9.9 | 5.0 | 4.9 | 5.8 | 6.9 | -1.0 | Others: Upward revision of profit based primarily on the impact of |
upward revision of revenue and decreased expenses due to the | ||||||
13.3 | 9.3 | 3.9 | 12.3 | 9.6 | 2.7 | |
structural reform of animal nutrition. | ||||||
3.0 | 1.0 | 2.0 | 2.5 | 1.8 | 0.7 | |
-3.4 | -3.3 | -0.0 | -4.0 | -4.0 | 0.0 | |
0.3 | 0.2 | 0.0 | -3.0 | -2.4 | -0.5 | |
-0.7 | -0.7 | -0.0 | -1.0 | -0.8 | -0.1 | |
-
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 - 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
- From FY2021, the crop services business, which was included in Bio-Pharma Services, is included in the Others section of Healthcare and Others
Notes: | Nondisclosure | ||||||||||||||
(Italic) | Approximation | ||||||||||||||
(Reference) Sales Forecast by Business & Geographical Area | (Billion yen) | ||||||||||||||
Sales | Japan | Asia | Americas | EMEA | Total | ||||||||||
Seasonings and Foods | 277.8 | (-2.3) | 272.8 | (4.3) | 78.5 | (4.7) | 35.8 | (3.5) | 665.1 | (10.3) | |||||
280.1 | 268.5 | 73.7 | 32.2 | 654.7 | |||||||||||
Frozen Foods | 89.4 | (0.0) | 4.3 | (0.7) | 111.4 | (7.3) | 11.8 | (0.6) | 217.0 | (8.7) | |||||
89.3 | 3.5 | 104.1 | 11.1 | 208.2 | |||||||||||
Healthcare and Others | 108.7 | (7.2) | 9.3 | (1.9) | 66.9 | (2.0) | 62.7 | (5.0) | 247.7 | (16.3) | |||||
101.4 | 7.3 | 64.9 | 57.6 | 231.3 | |||||||||||
Others | 17.5 | (-0.4) | 0.4 | (0.0) | - | - | 0.0 | (0.0) | 18.1 | (-0.4) | |||||
17.9 | 0.4 | - | 0.0 | 18.6 | |||||||||||
Total | 493.7 | (4.5) | 287.0 | (7.0) | 256.8 | (14.0) | 110.3 | (9.3) | 1,148.0 | (35.0) | |||||
489.1 | 279.9 | 242.8 | 101.0 | 1,113.0 | |||||||||||
Upper row: FY21 Revised forecast, lower row: FY21 Initial forecast. Figures in parentheses represent difference. | |||||||||||||||
・Forward-looking statements, such as business performance forecasts, made in these materials are based on management's estimates, assumptions and projections at the time
of publication and do not represent a commitment from Ajinomoto Co., Inc. that they will be achieved. A number of factors could cause actual results to differ materially from expectations.
・Unaudited figures are included in these materials for reference. ・Amounts presented in these materials are rounded down.
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Ajinomoto Co. Inc. published this content on 04 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 November 2021 06:11:07 UTC.