Ajinomoto Co., Inc. (TYO: 2802)

Ajinomoto Co. Income Statement

Financials in millions JPY. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	1,465,218	1,439,231	1,359,115	1,149,370	1,071,453	1,100,039
Revenue Growth (YoY)	6.41%	5.89%	18.25%	7.27%	-2.60%	-2.43%
Cost of Revenue	944,457	927,783	888,727	723,472	665,234	696,166
Gross Profit	520,761	511,448	470,388	425,898	406,219	403,873
Selling, General & Admin	348,839	339,730	313,505	281,124	268,499	274,595
Research & Development	29,029	28,766	25,867	24,842	25,900	27,596
Other Operating Expenses	-3,724	1,729	412	-2,017	5,976	6,076
Operating Expenses	374,144	370,338	339,787	303,980	300,375	308,356
Operating Income	146,617	141,110	130,601	121,918	105,844	95,517
Interest Expense	-12,668	-5,093	-4,100	-3,587	-3,809	-3,806
Interest & Investment Income	8,045	6,501	4,360	2,278	2,764	5,902
Earnings From Equity Investments	6,302	4,730	4,326	985	1,317	-2,444
Currency Exchange Gain (Loss)	-	-9,559	-2,164	-2,122	-1,113	-2,341
Other Non Operating Income (Expenses)	-3	-1,782	-8,085	-244	-521	92
EBT Excluding Unusual Items	148,293	135,907	124,938	119,228	104,482	92,920
Merger & Restructuring Charges	-1,290	-	-	-	-	-8,310
Gain (Loss) on Sale of Investments	-	-	-	-	-	-4,232
Gain (Loss) on Sale of Assets	-4,732	9,872	28,988	10,680	11,353	-2,067
Asset Writedown	-	-3,736	-13,894	-7,436	-17,515	-28,938
Legal Settlements	-	-	-	-	-	-578
Pretax Income	142,271	142,043	140,032	122,472	98,320	48,795
Income Tax Expense	43,094	40,011	39,863	42,244	32,040	20,384
Earnings From Continuing Operations	99,177	102,032	100,169	80,228	66,280	28,411
Earnings From Discontinued Operations	-	-	-	-	-	558
Net Income to Company	99,177	102,032	100,169	80,228	66,280	28,969
Minority Interest in Earnings	-15,309	-14,911	-6,104	-4,503	-6,864	-10,132
Net Income	83,868	87,121	94,065	75,725	59,416	18,837
Net Income to Common	83,868	87,121	94,065	75,725	59,416	18,837
Net Income Growth	-10.35%	-7.38%	24.22%	27.45%	215.42%	-36.57%
Shares Outstanding (Basic)	516	520	535	543	548	548
Shares Outstanding (Diluted)	516	520	535	543	549	548
Shares Change (YoY)	-2.91%	-2.65%	-1.58%	-0.98%	0.01%	-0.98%
EPS (Basic)	162.40	167.43	175.97	139.42	108.36	34.36
EPS (Diluted)	162.38	167.40	175.96	139.42	108.32	34.36
EPS Growth	-7.66%	-4.86%	26.21%	28.71%	215.20%	-35.90%
Free Cash Flow	121,600	102,288	49,257	71,734	88,761	41,153
Free Cash Flow Per Share	235.44	196.54	92.14	132.07	161.82	75.03
Dividend Per Share	74.000	74.000	68.000	52.000	42.000	32.000
Dividend Growth	8.82%	8.82%	30.77%	23.81%	31.25%	0%
Gross Margin	35.54%	35.54%	34.61%	37.05%	37.91%	36.71%
Operating Margin	10.01%	9.80%	9.61%	10.61%	9.88%	8.68%
Profit Margin	5.72%	6.05%	6.92%	6.59%	5.55%	1.71%
Free Cash Flow Margin	8.30%	7.11%	3.62%	6.24%	8.28%	3.74%
EBITDA	227,855	219,408	202,421	188,152	168,889	157,503
EBITDA Margin	15.55%	15.24%	14.89%	16.37%	15.76%	14.32%
D&A For EBITDA	81,238	78,298	71,820	66,234	63,045	61,986
EBIT	146,617	141,110	130,601	121,918	105,844	95,517
EBIT Margin	10.01%	9.80%	9.61%	10.61%	9.88%	8.68%
Effective Tax Rate	30.29%	28.17%	28.47%	34.49%	32.59%	41.77%

Source: S&P Capital IQ. Standard template. Financial Sources.