Revenue distribution by industry:

• Food and spices: approx. 60%
• Amino acids and health products: approx. 30%
• Other (e.g. pharmaceuticals): approx. 10%

TOP 3 markets:

• Japan: approx. 40%
• North America: approx. 25%
• Southeast Asia: approx. 20%

Ajinomoto Co., Inc. generates the majority of its revenue from the food and spice industry, reflecting the company's core competency. The home market of Japan remains the largest market, followed by North America, where the company has expanded its presence through strategic acquisitions and partnerships. Southeast Asia is also a significant market that is growing due to increasing demand for processed foods and spices.

Production Sites:

• Japan
• USA
• Brazil
• Thailand
• Indonesia
• Vietnam

Ajinomoto Co., Inc. is a globally operating company that produces its products in several countries worldwide. The main production facilities are located in Japan, where the company originated. In addition, Ajinomoto operates significant production plants in the USA and Brazil to serve the American market.

In Asia, the company has production sites in Thailand, Indonesia, and Vietnam, which play an important role in supplying the Asian market. This geographical diversification enables Ajinomoto to efficiently respond to local market requirements and minimize transportation costs.

Revenue Growth: 10% (estimated for 2025 based on historical data)

Strategic Focus Areas:

1. Health and Wellness: Ajinomoto Co., Inc. is increasingly focusing on developing products that support the growing consumer trend towards healthy eating and wellness. This includes the introduction of functional foods and dietary supplements.

2. Sustainability: The company is committed to reducing its environmental impact and implementing sustainable practices throughout the supply chain. This includes reducing greenhouse gas emissions and promoting recycling initiatives.

3. Technological Innovation: Ajinomoto is investing in research and development to leverage new technologies that improve the efficiency and quality of its products. This includes the use of biotechnology and advanced production methods.

4. Global Expansion: The company plans to expand its presence in emerging markets, particularly in Asia and South America, to benefit from the growing demand in these regions.

Ajinomoto Co., Inc. relies on a combination of product innovation, sustainability, and global expansion to secure long-term growth and strengthen its market position. This strategy is intended not only to increase revenue but also to promote the brand perception as a responsible and innovative company.

Main raw materials: Sugar, corn, soybeans, palm oil

Countries of origin:

• Sugar: Brazil, Thailand
• Corn: USA, Brazil
• Soybeans: USA, Brazil
• Palm oil: Malaysia, Indonesia

Ajinomoto Co., Inc. imports a variety of raw materials necessary for the production of their products. Sugar and corn are mainly imported from Brazil and the USA, as these countries are among the largest producers of these raw materials. Soybeans are also sourced from the USA and Brazil, the world's leading exporters of soybeans.

Palm oil, an essential component of many food products, is mainly imported from Malaysia and Indonesia, as these two countries are the largest producers of palm oil worldwide. Ajinomoto ensures to source raw materials from countries that can guarantee stable supply and high quality.

Market share: 10% in the global spice market (2024) Research & Development expenses: 3.5% of revenue (2024) EBITDA margin: 16.8% (2024)

Ajinomoto Co., Inc. possesses a significant competitive advantage that stems from several factors. The company holds a strong market share of 10% in the global spice market, attributed to its established brand presence and product variety.

Another crucial aspect is the investment in research and development, accounting for 3.5% of revenue. These investments enable Ajinomoto to develop innovative products and differentiate itself from competitors.

Furthermore, the EBITDA margin of 16.8% indicates that the company operates efficiently and is capable of generating high profits. These metrics suggest that Ajinomoto is well positioned to maintain and further expand its market position.

Institutional Investor Share: 45% (estimated, 2025)
Insider Buys/Sells: No significant transactions in the last year (2024)

The institutional investor share in Ajinomoto Co., Inc. is estimated to be around 45%. This reflects the confidence of institutional investors in the company's long-term stability and growth potential.

In 2024, there were no significant insider buys or sells, indicating that the management and other insiders are confident in the current company strategy and do not expect any short-term changes in the company's valuation.

Market share of Ajinomoto Co., Inc.: Estimated 8% (2025)

Top competitors and their market share:

1. Nestlé S.A.: 20%
2. Unilever PLC: 15%
3. The Kraft Heinz Company: 12%
4. Mondelez International, Inc.: 10%
5. Ajinomoto Co., Inc.: 8%
6. General Mills, Inc.: 7%
7. Tyson Foods, Inc.: 6%
8. Danone S.A.: 5%
9. Conagra Brands, Inc.: 4%
10. Kellogg Company: 3%

Ajinomoto Co., Inc. has a significant moat, mainly based on its strong position in amino acids and seasonings. The company benefits from a long history in research and development, especially in fermentation technology, allowing it to offer high-quality products at competitive prices.

Compared to its competitors, Ajinomoto has a specialized advantage in Asian cuisine and related products, providing some protection against market entry barriers. However, companies like Nestlé and Unilever have a broader product mix and stronger global presence, giving them a larger moat in terms of brand recognition and distribution channels.

In summary, Ajinomoto has a solid but specialized moat, while some of its competitors have a more comprehensive competitive advantage due to their size and diversification.

Revenue Growth: 8.2% (2024) Profit Growth: 10.5% (2024) Market Share in the Food Ingredients Sector: 12% (2024) R&D Investments: 5% of revenue (2024)

Ajinomoto Co., Inc. recorded solid revenue growth of 8.2% in 2024, attributed to continuous expansion in international markets and diversification of its product portfolio. The 10.5% profit growth indicates efficient operations and good cost control by the company.

The company holds a significant market share of 12% in the food ingredients sector, highlighting its strong market position. Ajinomoto also invests 5% of its revenue in research and development, indicating a strategic focus on innovation and long-term growth.

Overall, Ajinomoto demonstrates strong financial performance and a clear growth strategy, making it a potentially attractive investment. Continued investments in R&D and a strong market position could further support future growth.

Dividend yield: 2.1% (2024) Dividend growth: 5% annually (last 3 years)

Ajinomoto Co., Inc. regularly pays a dividend to its shareholders. The dividend yield was approximately 2.1% in 2024, which can be considered moderate compared to other companies in the food industry.

The company has experienced a consistent dividend growth of about 5% per year over the last three years. This indicates a reliable payout policy, supported by stable business results and a solid financial foundation.

Ajinomoto is committed to returning a significant portion of its profits to shareholders, highlighting the reliability of dividend payments. Analysts expect the company to continue this policy in the coming years.