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

Q2 2023 Ajinomoto Co Inc Earnings Call Transcript

Nov 07, 2022 / 08:00AM GMT

Release Date Price: $28.6 (+0.60%)

Transcript

Tetsuya Nakano

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

Good evening. This is Nakano speaking. Hello, everyone. Thank you for joining the call despite your busy schedule. So without further ado, we'd like to get started. And I'd like to jump into the PowerPoint presentation. So for Page 2, there are 3 points that are mentioned here. But for today, I will be talking about the summary results for the first half ended September 30, 2022, and the forecast for the year. This is the part that I will be covering.

So for #2 and #3, tomorrow, Mr. Fujie, will be explaining. So please turn the page to Page 3, where it says today's message. So first point is -- in the first half, we were able to achieve an increase in both revenue and profit. Sales and business profit on a half year basis were the highest since the introduction of IFRS in fiscal 2016.

In Seasonings and Foods and in Frozen Foods, even though we raised unit prices, we were unable to offset the impacts of cost increases, resulting in a slight decrease in profit. Conversely, growth continued in

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