Ajinomoto Co., Inc. (AJINY) Q1 2026 Earnings Call Transcript

2025-08-04 13:14:58 ET

Ajinomoto Co., Inc. (AJINY)

Q1 2026 Earnings Conference Call

August 4, 2025, 4:00 AM ET

Company Participants

Masataka Kaji - Former General Manager of IR Group, Global Finance Department

Conference Call Participants

Euan Grant McLeish - Sanford C. Bernstein & Co., LLC., Research Division

Haruka Miyake - Morgan Stanley, Research Division

Hiroshi Saji - Mizuho Securities Co., Ltd., Research Division

Makoto Morita - Nomura Securities Co. Ltd., Research Division

Satoshi Fujiwara - JPMorgan Chase & Co, Research Division

Shingo Hirata - UBS Investment Bank, Research Division

Shun Igarashi - Daiwa Securities Co. Ltd., Research Division

Takashi Miyazaki - Goldman Sachs Group, Inc., Research Division

Tsukasa Furuta - SMBC Nikko Securities Inc., Research Division

Presentation

Operator

Good evening, everyone. Thank you for joining Ajinomoto Group's conference call on the financial results for the first quarter of FY 2025 despite your busy schedule. I'm [ Pac ] from IR, serving as moderator today. From Ajinomoto, we have Mr. Kaji, Corporate Fellow, GM IR office, is on the call. The meeting is scheduled for 60 minutes, and the first 20 minutes or so would be explanation using disclosed material by Mr. Kaji, followed by a Q&A session. Please refer to the material uploaded on Ajinomoto's IR website. We would like to record today's meeting and later upload them on our website. So we would like to have your understanding on this.

So we would like to start the conference call, Kaji-san, please?

Masataka Kaji

Yes. Thank you very much for joining us today. First of all, could you turn to Page 2. This is a summary. The first quarter sales, Ajinomoto Althea sale had an impact, but excluding currency translation, the sales increased 103% year-on-year. Business profit grew by double digit year-on-year to 112%, excluding currency translation. The business profit margin rose significantly to 13% plus 1.2% year-on-year, thanks to the effect of price increase and strengthened business structure....

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