Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Ajinomoto Co Inc (AJINF)
OTHER OTC:AJINF
Holding AJINF?
Track your performance easily
Earnings Data
Report Date
Jan 29, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
$0.39Last Year’s EPS
$0.38Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 0.50%
|Next Earnings Date:Jan 29, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted record sales and profit, successful overseas operations, and structural reforms, but also pointed out challenges in the domestic market and specific segments like biopharma and amino acids. While there are areas of concern, the overall outlook remains cautiously optimistic with initiatives underway to address the challenges.Company Guidance
During the earnings call for Ajinomoto Co., Inc. (2802.T) on November 7, 2023, the company's management provided comprehensive guidance for the fiscal year ending March 2024. They reported record-high sales of JPY 688 billion for the first half, marking a 4.3% increase year-over-year, excluding currency impacts, and a business profit of JPY 76.5 billion, which was 103% of the previous year's level. The profit attributable to the owners of the parent company was revised upwards to JPY 100 billion from a previous forecast of JPY 95 billion. The management highlighted a significant recovery in profit margins for seasoning foods overseas and the positive effects of structural reform in North American frozen foods. Despite challenges in Japan, where consumer reactions to price increases affected sales volume, they aimed for double-digit growth in business profit. The semiconductor market's recovery was slower than expected, impacting the healthcare business, particularly amino acids for pharmaceuticals. However, they remained confident in long-term growth, anticipating recovery in these sectors. The company is focusing on reducing SKUs and lowering the breakeven point to become a leaner organization. The management reiterated their commitment to achieving their 2023 targets and enhancing corporate value with a clear roadmap for 2030.Record Sales and Profit
Ajinomoto achieved record sales of JPY 688 billion, marking a 4.3% increase year-over-year, with business profit reaching JPY 76.5 billion, a 3% increase from the previous year.
Profit Margin Recovery in Seasoning Foods Overseas
The profit margin for seasoning foods overseas recovered significantly, with overseas sales increasing by 10% on a local currency basis.
Structural Reform Success in North America Frozen Foods
Structural reforms in North America frozen foods showed positive results, leading to improved performance in that segment.
Positive Impact of Rolling Forecast
The rolling forecast initiative in ASEAN has improved management quality and the ability to respond to market changes quickly.
---
AJINF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AJINF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $38.06 | $40.20 | +5.62% |
| Aug 05, 2024 | $39.86 | $40.76 | +2.26% |
| May 09, 2024 | $36.90 | $36.98 | +0.22% |
| Feb 06, 2024 | $40.63 | $40.46 | -0.42% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Ajinomoto Co Inc (AJINF) report earnings?
Ajinomoto Co Inc (AJINF) is schdueled to report earning on Jan 29, 2025, TBA Not Confirmed.
What is Ajinomoto Co Inc (AJINF) earnings time?
Ajinomoto Co Inc (AJINF) earnings time is at Jan 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AJINF EPS forecast?
AJINF EPS forecast for the fiscal quarter 2024 (Q3) is $0.39.
---