Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — Q3 FY2020 Earnings Presentation
13 slides from Ajinomoto's earnings presentation, Jan 29, 2021
Slide 1: Financial Results for Q3 of FY2020 and Revised Forecast
Ajinomoto Co., Inc. (2802) Financial Results for Q3 of FY2020 (Ending March 31, 2021) and Revised Forecast Tetsuya Nakano Corporate Vice President January 29, 2021
Slide 2: FY2020: Cumulative Summary, April–December
I-1. FY2020: Cumulative Summary, April–December FY2020 Q3 Cumulative (April–December) Results Summary (YoY) Sales: ¥794.9 billion (down approx. 3.3%, excluding currency translation: down 0.9%) Business profit: ¥99.9 billion (up approx. 19.9%, excluding currency translation: up 26.2%) 1. Sales: Decre
Slide 3: FY2020: Q3 Results Summary
I-2. FY2020: Q3 Results Summary FY2020 Q3 (October–December) Results Summary (YoY) Sales: ¥283.5 billion (down 2.3%, excluding currency translation: up 0.5％) Business profit: ¥38.0 billion (up 6.5%, excluding currency translation: up 11.1%) 1. Sales: Decreased • Sales increased in Healthcare and Oth
Slide 4: The Impacts of COVID-19 on Our Business
I-3. FY2020: The Impacts of COVID-19 on Our Business Red text indicates revisions Impact on FY2020 Business Results (summary) At the present stage, it cannot be predicted when the COVID-19 outbreak will come to an end, so the economic outlook is uncertain. In these circumstances, the Company has rev
Slide 5: Impacts of COVID-19 Reflected in the Forecast
I-4. FY2020: Impacts of COVID-19 Reflected in the Forecast Impact of COVID-19 on FY2020 Business Results (revised) (YoY) Sales: down approx. ¥66.0 billion (down approx. 6%) Reference: Revised in November: down approx. ¥67.5 billion (down approx. 6%) Business profit: down approx. ¥1.1 billion (down a
Slide 6: Forecast of the Impact of COVID-19 on Each Country's Economy
I-5. FY2020: Forecast of the Impact of COVID-19 on Each Country’s Economy Forecasts of actual GDP in our major countries of business (updated) Start vaccinations Estimated FY2020 Actual GDP (FY2019 Q3=100) ▼Aiming for Jan. to Mar. 2021 GDP growth rates1 Period of Period of co-existence with Period o
Slide 7: The Impact of COVID-19 on the Forecast
I-6. FY2020: The Impact of COVID-19 on the Forecast Impact on annual sales November forecast （億円） (¥ bil.) 売上高におけるCOVID-19影響額（全社） Impact of COVID-19 on sales (Group-wide) approx. -¥ 67.5 billion ⇒ Revised to 0.0 approx. -¥66.0 billion Improved sales -5.0 ・Animal nutrition and others (1.8) ・Quick Nou
Slide 8: FY2020: Forecast (revised)
I-7. FY2020: Forecast (revised) 1. Sales: Decrease YoY (Upward revision to reflect conditions in some businesses, in addition to the difference due to COVID-19 through Q3) • Despite increased sales in the Healthcare and Others segment, sales will decrease in the Seasonings and Foods segment and Froz
Slide 9: FY2020: Forecast (revised)
I-8. FY2020: Forecast (revised) Revised Forecast (YoY) FY2020 sales: ¥1,075.0 billion (down 2.3%, down ¥25.0 billion, excluding currency translation: level with FY2019) FY2020 business profit: ¥110.0 billion (up 10.8%, up ¥10.7 billion, excluding currency translation: up 16.9%) (Ref.) Q4 sales: ¥280
Slide 10: FY2020: Profit at Specific Stages (revised)
I-9. FY2020: Profit at Specific Stages (revised) Despite the COVID-19 pandemic, improvement from the November forecast and increased business profits are forecast. Expect to incur structural reform expenses ahead of schedule. An increase in profit for the term is forecast. FY20 FY19 Difference Revis
Slide 11: Reference Material Appendixes: Consolidated Results
Reference Material Appendixes: Consolidated Results Third Quarter Ended December 31, 2020 FY2020 Revised Forecast by Segment Note: Business profit (consolidated) in this material: Sales - Cost of sales - Selling expenses, Research & development expenses and General & administrative expenses + Share
Slide 12: FY2020 Assumed Exchange Rate and Exchange Rate Sensitivity
FY2020 Assumed Exchange Rate and Exchange Rate Sensitivity Assumed exchange rate (vs. JPY) FY20 FY20 Actual FY20-25 Forecast (revised) Q4 Q3 Q2 Q1 MTP USD 105.00 104.49 106.23 107.63 107.00 EUR 125.00 124.61 124.08 118.59 123.00 THB 3.39 3.41 3.39 3.37 3.42 BRL 20.19 19.39 19.74 20.06 28.16 Exchange
Slide 13: Forward-looking statements
Forward-looking statements, such as business performance forecasts, made in these materials are based on management's estimates, assumptions and projections at the time of publication. A number of factors could cause actual results to differ materially from expectations. This material includes summa