Ajinomoto Co., Inc.

TSE

2802

Stock

Yield per half year: +11.55%
Dividend yield: 2.02%
Sector: Consumer Staples

Reporting Ajinomoto Co., Inc.

Capitalization

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Капитализация, млрд ¥				2 150			2 980	2150.00	0.00
Выручка, млрд ¥	1 127.48	1 100.04	1 071.45	1 149.37	1 359.12	1 439.23	1 439.23	1223.84	5.52
Чистая прибыль, млрд ¥	29.7	28.41	59.42	75.73	94.07	87.12	87.12	68.95	25.12
EV, млрд ¥	1 156.85	1 213.14	1 387.59	2 064.52	2 594	3 153.13	3 153.13	2082.48	21.05
EBIT, млрд ¥	54.48	48.77	101.12	127.92	155.03	154.46	154.46	117.46	25.93
EBITDA, млрд ¥	106.97	118.79	168.07	194.16	226.85	232.76	232.76	188.13	14.40
OIBDA, млрд ¥		148.73	209.77	246.52	281.71	292.32	292.32	235.81	14.47
Баланс стоимость, млрд ¥	610.54	538.98	620.26	686.91	768.68	814.69	814.69	685.90	8.61
FCF, млрд ¥	43.25	32.82	79.61	64.86	44.59	96.05	96.05	63.59	23.96
Операционный денежный поток, млрд ¥	123.26	114.86	165.65	145.58	117.64	168.07	168.07	142.36	7.91
Операционная прибыль, млрд ¥	53.67	48.77	101.12	124.57	148.93	146.68	146.68	114.01	24.64
Операционные расходы, млрд ¥	341.91	352.65	306.41	302.31	321.46	364.77	364.77	329.52	0.68
CAPEX, млрд ¥	80.01	82.04	86.04	80.72	73.05	72.02	72.02	78.77	-2.57

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	5 quarters average	CAGR 5
Выручка, млрд ¥	338.23	366.87	52 113.13	339.52	348.48	379.64	371.59	365.51	378.74	406.79	380.45	1.39
Чистая прибыль, млрд ¥	19.29	29.4	2 766.09	27.22	19.24	31.15	9.52	23.97	26.26	32.21	24.62	0.67
EV, млрд ¥	2 271.78	2 352.56	407 600.8	3 229.62	3 282.13	3 089.95	3 175.84	1 801.31	1 681.77	3 543.02	2658.38	2.77
EBIT, млрд ¥	31.99	44.11	5 151.83	42.14	33.01	46.8	31.22	41.05	38.38	50.03	41.50	1.34
EBITDA, млрд ¥	52.11	62.48	7 934.23	60.64	52.21	66.29	52.33	62.49	59.57	71.6	62.46	1.55
OIBDA, млрд ¥						79.88	72.1	79.33	75.4	89.46	79.23	2.29
Баланс стоимость, млрд ¥	782.08	754.28	120 513.94	791.07	812.55	805.94	814.69	826.95	770.45	811.41	805.89	0.14
FCF, млрд ¥	0.429	23.1	3 488.85	-4.17	23.53	31.98	44.7	15.15	19.07	49.27	32.03	9.03
Операционный денежный поток, млрд ¥	16.26	37.32	6 563.17	16.65	36.84	49.97	64.63	38.11	43.67	67.52	52.78	6.20
Операционная прибыль, млрд ¥	31.99	44.11	4 892.98	40.59	32.06	44.73	29.29	40.81	42.1	50.07	41.40	2.28
Операционные расходы, млрд ¥	84.87	86.64	11 938.42	84.24	88.96	95.12	97.73	92.6	95.86	100.56	96.37	1.12
CAPEX, млрд ¥	15.83	14.22	3 074.32	20.81	13.3	17.99	19.93	22.96	24.6	18.24	20.74	0.28

	5 quarters average	CAGR 5

Cash flow Cash flow quarterly Assets

Balance sheet

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	LTM	5 year average	CAGR 5
Наличность, млрд ¥	153.73	150.65	193.69	151.45	132.78	171.54	171.54	160.02	2.63
Short Term Investments ¥	16.53	8.95	12.08	17.81	12.31	22.65	22.65	14.76	20.41
Total Receivables ¥	202.37	193.39	184.07	162.4	163.71	185.56	185.56	177.83	-0.82
Total Current Assets ¥	591.17	538.9	585.17	581.42	615.54	709.63	709.63	606.13	5.66
Чистые активы, млрд ¥	591.17	538.9	585.17	522.31	536.57		536.57	554.82	-1.92
Активы, млрд ¥	1 393.87	1 353.62	1 431.29	1 457.06	1 511.73	1 774.5	1 774.5	1505.64	5.56
Short Term Debt ¥	24.08	83.23	58.91	42.63	49.32	188.27	188.27	84.47	17.73
Long Term Debt ¥	306.64	273.69	291.52	271.28	239.24	254.22	254.22	265.99	-1.47
Задолженность, млрд ¥	707.91	761.55	763.44	717.32	688.77	890.43	890.43	764.30	3.18
Чистый долг, млрд ¥	176.99	215.21	168.82	162.45	155.79	270.96	270.96	194.65	4.71
Долг, млрд ¥	330.71	356.91	350.42	313.91	288.56	442.49	442.49	350.46	4.39
Расходы на обслуживание долга ¥	7.06	6.7	8.97	8.97	14.99	12.41	12.41	10.41	13.12
Чист. проц. доходы, млрд ¥	8.11	8.03	3.9	4.02	6.1	7.78	6.1	5.97	-0.63
Амортизация, млрд ¥	52.49	70.02	66.95	66.23	71.82	78.3	78.3	70.66	2.26
Себестоимость, млрд ¥		696.17	665.23	723.47	888.73	927.78	927.78	780.28	5.91
Товарно материальные запасы ¥	185.04	178.64	188.66	219.36	269.82	287.12	287.12	228.72	9.96

	2022Q1	2022Q2	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	5 quarters average	CAGR 5
Наличность, млрд ¥			148.09	183.21	20 816.94	192.04	165.58	230.76	171.54	191.27	176.54	229.37	199.90	-0.12
Short Term Investments ¥	17.81	16.51	16	13.86	1 930.29	14.02	15.99	15.1	19.18				398.92	-60.24
Total Receivables ¥			177.6	193.2	27 654.32	166.53	175.97	187.17	185.56	181.01	175.88	195.58	185.04	0.88
Total Current Assets ¥			647.6	682.73	96 504.62	721.92	706.68	771.6	709.63	748.67	705.37	783.23	743.70	0.30
Чистые активы, млрд ¥	581.42	640.88	647.6	522.12	84 123.3								17303.06	170.45
Активы, млрд ¥			1 564.39	1 564.17	237 011.45	1 650.53	1 644.81	1 785.53	1 774.5	1 835.57	1 733.95	1 856.23	1797.16	0.78
Short Term Debt ¥			64.84	116.47	7 732.45	145.99	136.67	284.85	195.65	155.36	48.97	95.6	156.09	-19.62
Long Term Debt ¥	271.28	269.06	268.63	261.61	37 508.96	264.91	243.36	236.36	254.22				7701.56	-63.17
Задолженность, млрд ¥			727.1	756.56	107 985.55	801.05	771.66	918.57	890.43	944.66	900.68	976.07	926.08	1.22
Чистый долг, млрд ¥			185.37	194.87	24 424.47	218.86	214.45	290.45	320.14	310.14	314.83	308.78	308.87	1.23
Долг, млрд ¥			333.46	378.08	45 241.41	410.9	380.03	521.21	491.68	501.4	491.37	538.16	508.76	0.64
Расходы на обслуживание долга ¥			3.9	1.04	638.57	3.29	3.02	2.48	3.62	3.55	3.75	0.29	2.74	-34.90
Чист. проц. доходы, млрд ¥	0.768	2.62	1.93	1.04	258.85	359.66	232.19	330.34	1.93				236.59	-62.46
Амортизация, млрд ¥			18.19	18.37	2 782.4	18.5	19.21	19.49	21.1	21.44	21.19	21.57	20.96	2.05
Себестоимость, млрд ¥						215.43	228	239.79	244.56	232.11	240.79	256.15	242.68	1.33
Товарно материальные запасы ¥			282.07	271.36	42 303.01	300.23	311.05	300.71	287.12	311.7	303.88	311.55	302.99	0.71

	5 quarters average	CAGR 5

Share

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	5 year average	CAGR 5
EPS	53.62	51.8	108.32	139.42	175.96	167.4		167.4	128.58	26.44
Цена акции ао				4103	5440	6452	3413	3413	4852.00	-4.50
Число акций ао, млн	553.91	548	548	543.14	534.58	520.44		520.44	538.83	-1.03
FCF/акцию	78.08	59.83	145.15	119.41	83.42	184.56		184.56	118.47	25.27

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	5 quarters average	CAGR 5
EPS	35.95	54.92	5212.97	51.75	36.97	59.94	18.46	46.98	51.98	64.26			48.32	1.40
Цена акции ао											6080	3413	4746.50	-25.08
FCF/акцию	0.7996	43.15	41.94	-7.92	45.23	61.55	86.69	29.69	37.75	98.29			62.79	9.81

	5 quarters average	CAGR 5

Efficiency

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
ROE, %	4.74	4.94	10.25	11.59	12.92	11		11	8.17	10.14	17.36
ROA, %	2.11	2.07	4.27	5.24	6.34	5.3		5.3	4.56	4.64	20.69
ROIC, %		4.06	8.93	10.73	12.53			12.53	12.70	9.06	32.54
ROS, %		1.71	5.55	6.59	6.92	6.05	6.05	6.05	6.50	6.23	1.74
ROCE, %	4.94	4.79	9.24	11.3	13.23	12.13	17.47	17.47	12.19	12.67	13.59
Ebit margin, %		4.91	9.54	11.13	11.41	10.73	10.73	10.73		10.71	2.38
Рентаб EBITDA, %	9.49	10.8	15.69	16.89	16.69	16.17	16.17	16.17	15.62	16.32	0.60
Чистая рентаб, %	2.63	2.58	5.55	6.59	6.92	6.05		6.05	6.50	5.54	18.58
Operation Margin, %		4.43	9.44	10.84	10.96	10.19	10.19	10.19	10.66	10.32	1.54

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q2	Industry average	5 quarters average	CAGR 5
ROE, %	2.76	3.94	2.34	3.54	2.47	3.95	1.19	2.96	3.24	4		8.17	3.07	0.25
ROA, %	1.24	1.88	1.15	1.72	1.17	1.82	0.5348	1.33	1.47	1.79		4.56	1.39	-0.33
ROIC, %				3.82	1.65	3.79	0.7339	3.2	2.12	3.88		12.70	2.74	0.47
ROS, %				8.02	5.52	8.2	2.56	6.56	6.93	7.92	6.05	6.50	6.00	18.77
ROCE, %		3.68	2.76	3.51	2.74	3.86	2.52	3.22	2.91	3.64	17.47	12.19	5.95	47.29
Ebit margin, %				12.41	9.47	12.33	8.4	11.23	10.13	12.3	10.73		10.56	5.02
Рентаб EBITDA, %		17.03	15.23	17.86	14.98	17.46	14.08	17.1	15.73	17.6	16.17	15.62	16.14	2.81
Чистая рентаб, %	5.7	8.01	5.31	8.02	5.52	8.2	2.56	6.56	6.93	7.92		6.50	6.43	-0.69
Operation Margin, %				11.96	9.2	11.78	7.88	11.16	11.11	12.31	10.19	10.66	10.53	5.28

	Industry average	5 quarters average	CAGR 5

Coefficients

IFRS

Reporting Annual Quarterly

	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
P/E	32.99	35.12	20.51	25.12	25.92	33.08		33.08	32.74	27.95	-1.19
P/BV	1.43	1.69	1.82	2.57	2.96	3.26		3.26	2.16	2.46	14.04
P/S	0.8691	0.9072	1.14	1.65	1.79	2		2	1.74	1.50	17.13
P/FCF					66.83	31.02	31.02	31.02	33.34	42.96	-22.57
E/P					0.0316	0.0292	0.0292	0.0292	1.76	0.0300	-2.60
EV/EBIT		22.46	13.58	16.14	16.73	20.41	20.41	20.41		17.45	8.49
EV/EBITDA	10.82	10.21	8.26	10.63	11.44	13.55		13.55	12.63	10.82	5.82
EV/S		1.1	1.3	1.8	1.91	2.19	2.19	2.19	1.89	1.88	10.99
EV/FCF		36.97	17.43	31.83	58.17	32.83	32.83	32.83	30.86	34.62	13.50
Debt/EBITDA	3.09	3	2.09	1.62	1.27	1.9	1.9	1.9	2.22	1.76	-1.89
Netdebt/Ebitda		1.81	1	0.8367	0.6867	1.16	1.16	1.16	1.29	0.9687	3.01
Debt/Ratio		0.2637	0.2448	0.2154	0.1909	0.2494	0.2494	0.2494	0.19	0.2300	0.37
Debt/Equity		0.6622	0.565	0.457	0.3754	0.5431	1.01	1.01	0.86	0.5901	12.32
Debt/Net Income		18.95	5.9	4.15	3.07	5.08	5.08	5.08	-0.27	4.66	-2.95
PEG							2.74	2.74		2.74	0.00
Бета				0.02	-1.03	2.39	1.15	1.15	-0.45	0.6325	175.37
Индекс Альтмана				0	5.67	4.29	4.3	4.3	2.66	4.75	-8.81

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q1	2025Q2	Industry average	5 quarters average	CAGR 5
P/E	30.69	30.6	26.2	32.55	33.33	29.62	33.14	18	15.26	35.51			32.74	26.31	3.69
P/BV	2.49	2.67	2.97	3.54	3.51	3.23	3.23	1.67	1.64	3.67			2.16	2.69	2.59
P/S	1.66	1.64	1.81	2.21	2.24	2.02	2	1.03	0.9275	2.15			1.74	1.63	1.26
P/FCF												31.02	33.34	31.02	0.00
E/P												0.0292	1.76	0.0292	0.00
EV/EBIT				76.64	99.44	66.02	101.71	43.88	43.82	70.82		20.41		56.13	-27.47
EV/EBITDA	11.72	11.82	11.46	14.44	14.63	13.37	13.64	7.7	6.99	14.4			12.63	11.22	1.50
EV/S				9.51	9.42	8.14	8.55	4.93	4.44	8.71		2.19	1.89	5.76	-23.85
EV/FCF				-775.42	139.47	96.62	71.04	118.92	88.2	71.91		32.83	30.86	76.58	-14.31
Debt/EBITDA		6.05	5.7	6.78	7.28	7.86	9.4	8.02	8.25	7.52		1.9	2.22	7.02	-27.37
Netdebt/Ebitda				3.61	4.11	4.38	6.12	4.96	5.29	4.31		1.16	1.29	4.37	-28.30
Debt/Ratio				0.249	0.231	0.2919	0.2771	0.2732	0.2834	0.2899		0.2494	0.19	0.2746	-2.08
Debt/Equity				0.5194	0.4677	0.6467	0.6035	0.6063	0.6378	0.6632		1.01	0.86	0.7042	10.85
Debt/Net Income				15.1	19.76	16.74	51.65	20.92	18.71	16.71		5.08	-0.27	22.61	-37.11
PEG												2.74		2.74	0.00
Бета											0.7961	1.15	-0.45	0.9730	20.19
Индекс Альтмана											4.3	4.3	2.66	4.30	0.00

	Industry average	5 quarters average	CAGR 5

Dividends

IFRS

Reporting Annual Quarterly

	2017	2018	2019	2020	2021	2022	2023	2024	2025	LTM	Industry average	5 year average	CAGR 5
Див.выплата, млрд		18.46	17.56	17.53	27.27	31.63	38.41			38.41		26.48	16.95
Дивиденд	30	33	32	32	24	59	37	38.5	20	40		35.70	-3.58
Див доход, ао, %	1.45	1.68	1.75	1.43	0.7007	2.09	0.9108	2.06	1.97	2.02	3.63	1.55	22.97
Дивиденды / прибыль, %			62.14	61.79	29.5	36.02	33.63	44.08		44.08	72.13	41.00	-6.53
Dividend Coverage Ratio									2.27	2.27		2.27	0.00

	2022Q3	2022Q4	2023Q1	2023Q2	2023Q3	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	2025Q2	Industry average	5 quarters average	CAGR 5
Див.выплата, млрд	0.412	16.58	8.15	18.7	0.478	19.16	0.068	18.52	0.448	20.09			11.66	0.95
Дивиденды / прибыль, %	2.14	56.39	0.2947	68.69	2.48	61.53	0.7144	77.27	1.71	62.37		72.13	40.72	0.27
Dividend Coverage Ratio											2.27		2.27	0.00

	Industry average	5 quarters average	CAGR 5

Pay for your subscription

More functionality and data for company and portfolio analysis is available by subscription

Subscribe

Other

IFRS

Reporting Annual Quarterly

	2020	2021	2022	2023	2024	LTM	CAGR 5
CAPEX/Выручка, %	7.46	8.03	7.02	5.37	5	5	-7.69
Всего задолженность	335.57	336.34					0.11
Персонал, чел			34 198	34 198	34 615		0.40

	2023Q4	2024Q1	2024Q2	2024Q3	2024Q4	CAGR 5
CAPEX/Выручка, %	4.74	5.36	6.28	6.49	4.48	-1.12

	CAGR 5