Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Q3 FY2021 Earnings Presentation
13 slides from Ajinomoto's earnings presentation, Jan 31, 2022
Slide 1: Financial Results for Q3 of FY2021
Ajinomoto Co., Inc. (2802) Financial Results for Q3 of FY2021 (Ending March 31, 2022) Tetsuya Nakano Executive Officer & Vice President January 31, 2022 Note: Business profit (consolidated) in this material: Sales - Cost of sales - Selling expenses, Research & development expenses and General & admi
Slide 2: Today's Message
Today's Message The third quarter also had increased sales and profit. Despite the ongoing impact of increased costs for raw materials, logistics, personnel, etc., we are controlling selling, general and administrative expenses while maintaining the GP margin by steadily increasing prices. We are wo
Slide 3: Third Quarter Financial Results Digest
Third Quarter Financial Results Digest In the third quarter, sales increased by ¥20.4 billion and business profit increased by ¥1.0 billion yen. Cumulatively, sales increased by ¥59.2 billion and business profit increased by ¥8.4 billion. While sales increased in major segments, business profit decl
Slide 4: Cumulative Summary as of the Third Quarter (April-December)
Cumulative Summary as of the Third Quarter (April-December) Sales: ¥854.2 billion (107.5% of FY2020 results; excluding currency translation: 105.0%) Business profit: ¥108.4 billion (108.4% of FY2020 results; excluding currency translation: 105.8%) 1. Sales: Increased • Sales increased overall and in
Slide 5: Changes in Business Profit (Cumulative Results by P&L Factor)
Changes in Business Profit (Cumulative Results by P&L Factor) Includes: Cost increases for raw materials and fuel, and food ingredients: -¥4.5 billion (net impact) Currency translation: +¥2.6 billion (¥ bil.) 原燃料・食品原料コスト上昇 ＋約 億円 130 為替影響 ▲約 億円を含む 120 -1.6 -11.8 110 22.9 Approx. -1.1 100 10.0 90 Incl
Slide 6: Changes in Business Profit (by Segment)
Changes in Business Profit (by Segment) (¥ bil.) （億円） 130 Cumulative as of Q3-FY2021 110 -1.6 -2.7 14.9 -2.0 90 99.9 108.4 70 Q3-FY2020 Seasonings and 売上増 Frozen 販管費増 Healthcare Others Q3-FY2021 Actual Foods Foods and Others Actual (¥ bil.) （億円） Reference: FY2021 Forecast (announced Nov. 4) 130 -0.4
Slide 7: Third Quarter Summary
Third Quarter Summary Sales: ¥303.9 billion (107.2% of FY2020 results; excluding currency translation: 104.1%) Business profit: ¥39.1 billion (102.8% of FY2020 results; excluding currency translation: 100.0%) 1. Sales: Increased (up ¥20.4 billion) ・Sales increased, led overall by Sauce & Seasonings
Slide 8: Forward-looking statements disclaimer
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. A number of factors could cause actual results to differ materially from expectations. This material includes summa
Slide 9: Cumulative Sales and Business Profit by Segment as of the Third Quarter
Cumulative Sales and Business Profit by Segment as of the Third Quarter Q3-FY21 Q3-FY20 vs Prev. year (¥ Billion) Cumulative Cumulative Summary vs FY19 (A)/(B) (A) (B) ・Sales increased overall in Seasonings and Foods, Sales 854.2 794.9 107% mainly through growth in Sauce & Seasonings 103% overseas,
Slide 10: Cumulative Sales and Business Profit by Region as of the Third Quarter
Cumulative Sales and Business Profit by Region as of the Third Quarter Japan Asia Americas EMEA Other Total Q3- Change Q3- Change Q3- Change Q3- Change Q3- Change Q3- Change (¥ Billion) FY21 from FY21 from FY21 from FY21 from FY21 from FY21 from Cumula Prev. Cumula Prev. Cumula Prev. Cumula Prev. Cu
Slide 11: Profit at Specific Stages (YoY)
Profit at Specific Stages (YoY) Q3-FY21 Q3-FY20 vs. Prev. FY21 Difference Progress (¥ Billion); -: losses Cumulative Cumulative year Forecast (A)-(B) (A)/(C) (A) (B) (A)/(B) (C) Sales 854.2 794.9 59.2 107% 1,148.0 74% Gross profit 328.0 306.7 21.2 106% 436.5 75% (Gross profit margin) 38.4% 38.5% 38.
Slide 12: Addressing Inflation
Addressing Inflation In Seasonings and Foods and Frozen Foods, successive measures are being taken to counteract the ongoing impact of increased costs, such as for raw materials. (Price actions in major countries of business: only executed and announced actions) H1-FY2021 H2-FY2021 ・ Indonesia (Umam
Slide 13: Reference Links
Reference Links Ajinomoto Group IR https://www.ajinomoto.co.jp/company/en/ir/ Ajinomoto Group Integrated Report 2021 https://www.ajinomoto.co.jp/company/en/ir/library/annual.html Ajinomoto Group Medium-Term Management Plan https://www.ajinomoto.co.jp/company/en/ir/event/medium_term.html Ajinomoto Gr