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Ajinomoto Co Inc (ADR) (AJINY)
OTHER OTC:AJINY
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q3)Consensus EPS Forecast
0.41Last Year’s EPS
0.4Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: 3.60%
|Next Earnings Date:Jul 31, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted record-breaking sales and business profit, driven by strong overseas market growth and positive results from structural reforms in North America. However, significant challenges remain in the domestic market, semiconductor recovery, and biopharma services, with notable underperformance and delays affecting results. The coffee segment also faced difficulties, pointing to areas requiring improvement. Despite these challenges, the company maintains confidence in its growth trajectory.Company Guidance
During the earnings call for Ajinomoto's 2024 fiscal year, several key financial metrics and strategic initiatives were discussed. The company reported a new record for both sales and business profit in the first half of the fiscal year. The revised forecast for fiscal 2023 maintains the initial sales and business profit projections, with profit attributable to owners of the parent company revised upwards from JPY 95 billion to JPY 100 billion. Key growth areas include an improved profit margin for seasoning foods overseas and structural reforms in the North American frozen foods sector. However, challenges remain in Japan's seasoning and food segment, with volume growth hindered by consumer price sensitivity. The CEO emphasized the importance of short-term measures to lower the breakeven point by reducing SKUs and enhancing operational efficiency. For the semiconductor market, recovery is slower than anticipated, but long-term growth prospects remain strong. Ajinomoto aims for double-digit growth in business profit, aligning with its 2030 roadmap, and is focusing on sustainable growth through strategic investments and a careful approach to shareholder returns.Record-Breaking Sales and Business Profit
Sales and business profit achieved a new record for the company in the first half of the year, with sales reaching JPY 688 billion, a 4.3% increase from the previous year, and business profit at JPY 76.5 billion, 103% of the previous year.
Overseas Market Growth
Overseas sales increased by 110% on a local currency basis, showing favorable progress in both volume and unit prices.
Frozen Foods in North America
Structural reform in the frozen foods segment in North America showed positive results, contributing to improved performance.
Upward Revision of Profit Forecast
Profit attributable to the owners of the parent company was revised upwards from JPY 95 billion to JPY 100 billion.
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AJINY 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
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AJINY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $37.83 | $38.51 | +1.80% |
| Aug 05, 2024 | $40.58 | $39.63 | -2.34% |
| May 09, 2024 | $36.97 | $37.02 | +0.14% |
| Feb 06, 2024 | $40.66 | $40.47 | -0.47% |
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.
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FAQ
When does Ajinomoto Co Inc (ADR) (AJINY) report earnings?
Ajinomoto Co Inc (ADR) (AJINY) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Ajinomoto Co Inc (ADR) (AJINY) earnings time?
Ajinomoto Co Inc (ADR) (AJINY) earnings time is at Feb 03, 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 AJINY EPS forecast?
AJINY EPS forecast for the fiscal quarter 2024 (Q3) is 0.41.
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