Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — FY2012 Earnings Presentation
17 slides from Ajinomoto's earnings presentation, May 10, 2013
Slide 1: Consolidated Results for the Fiscal Year Ended March 31, 2013 (FY2012)
Consolidated Results for the Fiscal Year Ended March 31, 2013 (FY2012) 1. Overview 2. Financial Position 3. Segment Information May 10, 2013 Ajinomoto Co., Inc. Hiromichi Ohno Member of the Board and Corporate Vice President Ajinomoto Co., Inc. Copyright © 2013 Ajinomoto Co., Inc. All rights reserve
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results FY2012 (¥ Billion) vs. Jan.-Mar. Jan.-Mar. FY2012 YoY Change (Nov. * Re vise d YoY Change FY2011 Forecast 2013 2012 Forecast) (A) Amount % (B) (A)/(B) Amount % Net sales 1,172.4 1,197.3 -24.9 -2% 1,221.0 96% 281.8 283.4 -1.6 -1% Domestic Food Products 401.2 438.4 -37.2 -8%
Slide 3: 1. (2) Comments on Results for FY2012
1. (2) Comments on Results for FY2012 Net sales decreased mainly due to effect of disposal of Calpis shares, despite growth in sales of the Overseas Food Products and Bioscience Products & Fine Chemicals. Income decreased overall due to lower income in the Pharmaceuticals segment and other factors,
Slide 4: 1. (3) Comments on Results for FY2012
1. (3) Comments on Results for FY2012 < FY2012 > ( ) = YoY change Ordinary income * Equity in earnings of affiliates (¥ Billion) ¥3.1 billion (¥0.7 billion increase) vs. YoY Jan.-Mar. YoY < Q4 > ( ) = YoY change FY2012 Forecast Change 2013 Change * None Non-operating 5.9 - 78% 1.1 - income (net) 77.
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) ¥5.3 billion decrease in total assets from March 31, 2012 Mar. 31, 2013: Total assets 1,091.7 Decrease due to decrease in assets because of share repurchase and disposal of Calpis shares. Current Liabilities assets 400.0 586.1 Cash Flow Net (¥ Billion) assets FY2012
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) FY2011 1,197.3 Domestic Food Products -37.2 Overseas Food Products Effect of Currency Translation +14.9 Bioscience Products & Fine Chemicals Overseas Food +6.2 Pharmaceuticals Products: +3.3 -6.5 Bioscience Products & Business Tie-Ups Fine Chem
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products <Reference> (¥ Billion) vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2012 FY2011 Forecast Change 2013 2012 Change 401.2 97% 438.4 -37.2 Net sales 79.7 98.8 -19.1 227.0 - 221.5 5.5 *1 Seasonings & processed foods 52.0 50.6 1.3 114.8 - 111.7 3.1 *2 Frozen foods 27.7 27.1 0.6 59.4 -
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products <Reference> (¥ Billion) vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2012 FY2011 Forecast Change 2013 2012 Change 245.4 98% 230.5 14.9 Net sales 70.1 57.9 12.2 199.3 - 183.5 15.8 *1 Consumer foods 57.1 46.1 11.0 Umami seasonings for 46.1 - 47.1 -1.0 *2 processed food mfrs. 12.9 11
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals <Reference> (¥ Billion) vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2012 FY2011 Forecast Change 2013 2012 Change 204.2 99% 198.0 6.2 Net sales 57.9 52.2 5.7 94.1 100% 86.5 7.5 *1 Feed-use amino acids 25.2 21.5 3.7 66.7 - 66.2 0.5 *2 Amino acids 21.5 19.3 2.3 38.2 -
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) <Reference> vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2012 FY2011 Forecast Change 2013 2012 Change 71.5 94% 77.9 -6.5 *1 Net sales 15.6 16.9 -1.3 3.2 123% 6.5 -3.3 *2 Operating income -1.4 -0.5 -0.9 -1.9 105% -1.8 -0.1 Shared companywide expenses -0.5 -0.4 -0.1 *1 Increase
Slide 11: 3. (6) Business Tie-Ups and Other Business
3. (6) Business Tie-Ups and Other Business <Reference> (¥ Billion) vs. YoY Jan.-Mar. Jan.-Mar. YoY FY2012 FY2011 Forecast Change Business Tie-Ups 2013 2012 Change 180.1 93% 182.8 -2.8 *1 Net sales 42.0 41.8 0.2 40.3 - 43.5 -3.2 Edible oils 9.1 10.1 -0.9 139.7 - 139.3 0.4 Coffee products 32.9 31.7 1.
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area Upper row: FY2012; lower row: FY2011. Figures in parentheses represent YoY change. (¥ Billion) Japan Asia Americas Europe Total Domestic Food 385.1 (-38.0) 5.8 (-0.2) 8.9 (1.2) 1.3 (-0.2) 401.2 (-37.2) Products 423.1 6.0 7.8 1.5 438.4 Overseas Food 9.
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area (¥ Billion) Left: FY2011; right: FY2012 31.7 32.6 31.7 32.6 21.5 20.7 21.5 20.7 14.4 12.2 14.4 12.2 6.5 3.2 1.6 1.6 6.5 -0.9 -1.3 3.2 1.6 1.6 -0.9 -1.3 Domestic Overseas Bioscience Pharma- Business Other Business Food Products Food Products Pro
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area FY2012 Change Compared with FY2011 1. Overseas Food Products (¥ Billion) [YoY change] Japan +¥0.6; Asia +¥2.0; Americas -¥0.5; Europe -¥1.6; Other* -¥1.3; Total -¥0.8 Americas, Europe: Decrease due to lower sales and worsening profi
Slide 15: Forward-looking statements disclaimer
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 and do not represent a commitment from Ajinomoto Co., Inc. that they will be achieved. A number of factors could ca
Slide 16: (Reference) Segment Change from FY2013
(Reference) Segment Change from FY2013 Change segments due to adoption of management approach. FY2012 FY2013 Domestic Food Products Domestic Food Products Seasonings & processed foods Seasonings & processed foods Frozen foods Frozen foods Beverages ("Calpis") *1 Overseas Food Products Overseas Food
Slide 17: (Reference) Change in Retirement Benefit Accounting from FY2013
(Reference) Change in Retirement Benefit Accounting from FY2013 Ajinomoto Co., Inc. will apply revised accounting standards for retirement benefits from beginning of FY2013, earlier than prescribed. This will substantially reduce shareholders’ equity by adding unrecognized obligations to the balance