Record Sales and Business Profit
Ajinomoto achieved new records in both sales and business profits for FY 2024, with sales reaching JPY 1.530 trillion, a 6% increase year-on-year, and business profit hitting JPY 159.3 billion, a 7.9% increase year-on-year.
Strong Overseas Performance
The Seasonings & Foods segment overseas continued to perform well, contributing significantly to the overall revenue increase.
Bio-Pharma Services & Ingredients Growth
Ajinomoto projects significant profit growth in the Bio-Pharma Services & Ingredients segment for FY 2025, driven by strong demand in Europe and AJICAP royalty income.
Positive Shareholder Returns
Ajinomoto announced a JPY 100 billion share repurchase program and plans to increase annual dividends by JPY 8 to JPY 48 in FY 2025.
Functional Materials Outlook
The Functional Materials business expects double-digit growth in FY 2025 due to favorable market conditions, particularly in semiconductors and AI-related demand.