Ajinomoto Co Inc (OTCPK:AJINY)

$ 42.9 0.51 (1.2%) Market Cap: 21.19 Bil Enterprise Value: 23.47 Bil PE Ratio: 35.27 PB Ratio: 4.35 GF Score: 89/100

Q1 2022 Ajinomoto Co Inc Earnings Call Transcript

Jul 30, 2021 / 08:30AM GMT

Release Date Price: $26.28 (+1.35%)

Transcript

Tetsuya Nakano

Ajinomoto Co., Inc. - Executive Officer, VP in Charge of Finance & IR

Good evening. This is Nakano speaking. Thank you very much for attending despite your busy schedule. From my side, based on the presentation that we have distributed, I will give you the outline for the first quarter results.

First of all, going to the PowerPoint material, and this is on Page 2. This is the first quarter summary. For the first quarter, overall sales and business profit both grew double digit compared to previous year. So we have been able to have a smooth start in line with our plan.

It's the first quarter of last year was when the COVID-19 was spreading, and there was a dramatic contraction of the restaurant business. And especially in April, the consumers has stacked up on food. And due to these special factors, in this presentation, we are showing the comparison where we can with fiscal year 2019.

First of all, in terms of the sales for the first quarter, as you can see here, in a major segment, that is seasoning and foods, frozen food, healthcare and others has been

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