Ajinomoto Co., Inc. (TYO:2802)

Ajinomoto Co. Income Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	1,525,187	1,530,556	1,439,231	1,359,115	1,149,370	1,071,453
Revenue Growth (YoY)	1.99%	6.35%	5.90%	18.25%	7.27%	-2.60%
Cost of Revenue	966,345	979,792	927,783	888,727	723,472	665,234
Gross Profit	558,842	550,764	511,448	470,388	425,898	406,219
Selling, General & Admin	375,159	366,854	339,730	313,505	281,124	268,499
Research & Development	31,366	30,921	28,766	25,867	24,842	25,900
Other Operating Expenses	4,956	6,102	1,729	412	-2,017	5,976
Operating Expenses	411,497	403,893	370,338	339,787	303,980	300,375
Operating Income	147,345	146,871	141,110	130,601	121,918	105,844
Interest Expense	-7,398	-8,625	-5,093	-4,100	-3,587	-3,809
Interest & Investment Income	6,878	7,189	6,501	4,360	2,278	2,764
Earnings From Equity Investments	6,835	6,314	4,730	4,326	985	1,317
Currency Exchange Gain (Loss)	-3,544	-3,544	-9,559	-2,164	-2,122	-1,113
Other Non Operating Income (Expenses)	-2,272	-2,271	-1,782	-8,085	-244	-521
EBT Excluding Unusual Items	147,844	145,934	135,907	124,938	119,228	104,482
Gain (Loss) on Sale of Assets	-3,751	-3,751	9,872	28,988	10,680	11,353
Asset Writedown	-33,854	-33,854	-3,736	-13,894	-7,436	-17,515
Pretax Income	110,239	108,329	142,043	140,032	122,472	98,320
Income Tax Expense	28,598	27,556	40,011	39,863	42,244	32,040
Earnings From Continuing Operations	81,641	80,773	102,032	100,169	80,228	66,280
Net Income to Company	81,641	80,773	102,032	100,169	80,228	66,280
Minority Interest in Earnings	-10,351	-10,501	-14,911	-6,104	-4,503	-6,864
Net Income	71,290	70,272	87,121	94,065	75,725	59,416
Net Income to Common	71,290	70,272	87,121	94,065	75,725	59,416
Net Income Growth	-21.57%	-19.34%	-7.38%	24.22%	27.45%	215.42%
Shares Outstanding (Basic)	991	1,007	1,041	1,069	1,086	1,097
Shares Outstanding (Diluted)	991	1,007	1,041	1,069	1,086	1,097
Shares Change (YoY)	-3.37%	-3.23%	-2.65%	-1.58%	-0.98%	0.01%
EPS (Basic)	71.97	69.77	83.72	87.99	69.71	54.18
EPS (Diluted)	71.97	69.77	83.70	87.98	69.71	54.16
EPS Growth	-18.83%	-16.64%	-4.87%	26.21%	28.71%	215.20%
Free Cash Flow	127,145	121,794	102,288	49,257	71,734	88,761
Free Cash Flow Per Share	128.35	120.92	98.27	46.07	66.04	80.91
Dividend Per Share	44.000	40.000	37.000	34.000	26.000	21.000
Dividend Growth	14.29%	8.11%	8.82%	30.77%	23.81%	31.25%
Gross Margin	36.64%	35.98%	35.54%	34.61%	37.05%	37.91%
Operating Margin	9.66%	9.60%	9.80%	9.61%	10.61%	9.88%
Profit Margin	4.67%	4.59%	6.05%	6.92%	6.59%	5.54%
Free Cash Flow Margin	8.34%	7.96%	7.11%	3.62%	6.24%	8.28%
EBITDA	233,946	233,332	219,408	202,421	188,152	168,889
EBITDA Margin	15.34%	15.25%	15.25%	14.89%	16.37%	15.76%
D&A For EBITDA	86,601	86,461	78,298	71,820	66,234	63,045
EBIT	147,345	146,871	141,110	130,601	121,918	105,844
EBIT Margin	9.66%	9.60%	9.80%	9.61%	10.61%	9.88%
Effective Tax Rate	25.94%	25.44%	28.17%	28.47%	34.49%	32.59%

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.