Ajinomoto Co Inc (TSE:2802)
円 6235 64 (1.04%) Market Cap: 3.14 Tn Enterprise Value: 3.39 Tn PE Ratio: 35.09 PB Ratio: 3.92 GF Score: 90/100

Q3 2024 Ajinomoto Co Inc Earnings Call Transcript

Feb 06, 2024 / 08:00AM GMT
Release Date Price: 円5993 (-0.99%)
Taro Fujie
Ajinomoto Co., Inc. - Representative Executive Officer, President, CEO & Director

Hello, everyone. Thank you for joining despite your busy schedules. This is Fujie speaking. So it's the first time I'm joining this conference call. There's no material announcement we're going to be making but the start of a new year. I haven't been able to extend my greetings for the new year to many of you. So I was hoping that I could get your direct feedback and that's why I'm here. So regarding today's highlights, which is on the 1 page. So first, on a commonative basis, Q3 sales and business profits reached record highs. For seasoning of foods and frozen foods, we strongly expanded sales and profits in the first half. Although revenue and profit decreased in health care and others, the degree of profit decline is contracting.

In seasonings and foods and frozen foods, we are making steady progress with respect to the revised forecast for business profit. For health care and others, profit continues to decrease in every segment. And for Electronic Materials, we believe that the bottoming out is

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