ScoreWhy is Ajinomoto Co., Inc. ?
1
The company is Net-Debt Free
- Poor long term growth as Net Sales has grown by an annual rate of 8.13% over the last 5 years
- The company is Net-Debt Free
2
Poor long term growth as Net Sales has grown by an annual rate of 8.13% over the last 5 years
3
With a growth in Operating Profit of 13.8%, the company declared Very Positive results in Jun 26
- The company has declared positive results for the last 3 consecutive quarters
- OPERATING CASH FLOW(Y) Highest at JPY 227,341 MM
- NET PROFIT(HY) Higher at JPY 81,378 MM
- ROCE(HY) Highest at 18.81%
4
With ROCE of 16.47%, it has a very expensive valuation with a 5.06 Enterprise value to Capital Employed
- The stock is trading at a premium compared to its peers' average historical valuations
- Over the past year, while the stock has generated a return of 15.63%, its profits have risen by 79.6% ; the PEG ratio of the company is 0.4
- At the current price, the company has a high dividend yield of 0
5
Majority shareholders : FIIs
6
Underperformed the market in the last 1 year
- The stock has generated a return of 15.63% in the last 1 year, much lower than market (Japan Nikkei 225) returns of 43.52%
Real-Time Research ReportHow much should you hold?
- Overall Portfolio exposure to Ajinomoto Co., Inc. should be less than 10%
- Overall Portfolio exposure to FMCG should be less than 30%
(If sector exposure > 30%, please use optimiser tool to see which are the best stocks to hold in FMCG)
When to exit? - We will constantly monitor the company and suggest at the appropriate time to exit from the stock
Is Ajinomoto Co., Inc. for you?
Medium Risk, High Return
Absolute
Risk Adjusted
Volatility
Ajinomoto Co., Inc.
15.63%
1.47
44.97%
Japan Nikkei 225
43.52%
1.48
29.43%
Quality
Management Risk
Growth
Capital StructureQuality key factors
Factor
Value
Sales Growth (5y)
8.13%
EBIT Growth (5y)
9.13%
EBIT to Interest (avg)
11.66
Debt to EBITDA (avg)
1.00
Net Debt to Equity (avg)
0.38
Sales to Capital Employed (avg)
1.20
Tax Ratio
27.16%
Dividend Payout Ratio
34.69%
Pledged Shares
0
Institutional Holding
0.08%
ROCE (avg)
14.61%
ROE (avg)
11.75%
ValuationValuation Key Factors 
Factor
Value
P/E Ratio
35
Industry P/E
Price to Book Value
6.53
EV to EBIT
30.69
EV to EBITDA
20.27
EV to Capital Employed
5.06
EV to Sales
3.35
PEG Ratio
0.40
Dividend Yield
NA
ROCE (Latest)
16.47%
ROE (Latest)
18.82%
TechnicalsTechnical key factors
Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
No Trend
OBV
Mildly Bearish
Bullish
Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned 
Financial Trend19What is working for the Company
OPERATING CASH FLOW(Y)
Highest at JPY 227,341 MM
NET PROFIT(HY)
Higher at JPY 81,378 MM
ROCE(HY)
Highest at 18.81%
RAW MATERIAL COST(Y)
Fallen by -4.73% (YoY
DEBTORS TURNOVER RATIO(HY)
Highest at 8.11 times
OPERATING PROFIT(Q)
Highest at JPY 80,925 MM
OPERATING PROFIT MARGIN(Q)
Highest at 19.64 %
0What is not working for the Company
NO KEY NEGATIVE TRIGGERS
Here's what is working for Ajinomoto Co., Inc.
Net Profit
At JPY 81,378 MM has Grown at 305.92%
Year on Year (YoY)MOJO Watch
Net Profit trend is very positive
Net Profit (JPY MM)
Operating Cash Flow
Highest at JPY 227,341 MM and Grown
In each year in the last three yearsMOJO Watch
The company has generated higher cash revenues from business operations
Operating Cash Flows (JPY MM)
Net Profit
Higher at JPY 81,378 MM
than preceding 12 month period ended Jun 2026MOJO Watch
In the half year the company has already crossed Net Profit of the previous twelve months
Net Profit (JPY MM)
Operating Profit
Highest at JPY 80,925 MM
in the last five periodsMOJO Watch
Near term Operating Profit trend is positive
Operating Profit (JPY MM)
Operating Profit Margin
Highest at 19.64 %
in the last five periodsMOJO Watch
Company's profit margin has improved
Operating Profit to Sales
Debtors Turnover Ratio
Highest at 8.11 times
in the last five Semi-Annual periodsMOJO Watch
Company has been able to sell its Debtors faster
Debtors Turnover Ratio
Raw Material Cost
Fallen by -4.73% (YoY)
MOJO Watch
The company's ability to pass on the cost of raw materials to customers has improved; this may lead to a rise in profit margin
Raw Material Cost as a percentage of Sales
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