Ajinomoto Co., Inc. · TSE:2802
Ajinomoto — H1 FY2013 Earnings Presentation
15 slides from Ajinomoto's earnings presentation, Nov 8, 2013
Slide 1: Consolidated Results First Half of the FY Ending March 31, 2014
Consolidated Results First Half of the FY Ending March 31, 2014 (Interim FY2013) 1. Overview 2. Financial Position 3. Segment Information November 8, 2013 Hiromichi Oono Member of the Board and Corporate Vice President Ajinomoto Co., Inc. Copyright © 2013 Ajinomoto Co., Inc. All rights reserved.
Slide 2: 1. (1) Overview of Results
1. (1) Overview of Results (¥ Billion) YoY FY2013 Interim Progress YoY Change Interim Change (Revised FY2013 July-Sept. July-Sept. FY2012 Forecast) (A) Amount % (A)/(B) 2013 2012 Amount % (B) Net sales 487.1 505.9 -18.8 -4% 1,032.0 47% 245.0 254.9 -9.9 -4% Domestic Food Products 161.2 221.2 -60.0 -2
Slide 3: 1. (2) Comments on Results for Interim FY2013
1. (2) Comments on Results for Interim FY2013 Net sales decreased, mainly due to effect of disposal of Calpis shares, etc., despite continuing positive effect of currency translation. Operating income decreased due to lower income in feed-use amino acids and effect of disposal of Calpis shares, etc.
Slide 4: 1. (3) Comments on Results for Interim FY2013
1. (3) Comments on Results for Interim FY2013 Ordinary income (¥ Billion) Interim YoY July-Sept. YoY Progress < Interim FY2013 > ( )= YoY change FY2013 Change 2013 Change None Non-operating 3.4 - 42% 1.4 - income (net) < Q2-FY2013 > ( )=YoY change 32.9 44% -16% Ordinary income 16.5 -10% None < Inter
Slide 5: 2. Financial Position
2. Financial Position (¥ Billion) Sept. 30, 2013: Total assets 1,069.1 ¥22.6 billion decrease in total assets from March 31, 2013 * Decrease in cash and deposits due to share repurchase Current Liabilities * Decrease in cash and deposits due to acquisition of Althea assets 421.2 Technologies, Inc. 5
Slide 6: 3. (1) Change by Business Segment
3. (1) Change by Business Segment Net sales (¥ Billion) Apr.-Sept. 2012 505.9 Domestic Food Products -60.0 Overseas Food Products +29.7 Effect of Bioscience Products & Fine Chemicals +14.9 Currency Translation Pharmaceuticals -8.0 Overseas Food Products: +26.3 Other Business +4.6 Bioscience Products
Slide 7: 3. (2) Domestic Food Products
3. (2) Domestic Food Products (¥ Billion) Interim Progress Interim YoY July-Sept. July-Sept. YoY FY2013 FY2012 Change 2013 2012 Change 161.2 47% 221.2 -60.0 Net sales 83.3 114.0 -30.8 101.3 - 104.8 -3.6 *1 Seasonings & processed foods 52.4 53.5 -1.1 59.9 - 56.9 3.0 *2 Frozen foods 30.9 28.7 2.1 0.0
Slide 8: 3. (3) Overseas Food Products
3. (3) Overseas Food Products (¥ Billion) Interim Progress Interim YoY July-Sept. July-Sept. YoY FY2013 FY2012 Change 2013 2012 Change 144.5 46% 114.8 29.7 Net sales 72.9 56.9 16.0 119.4 45% 93.1 26.2 *1 Consumer foods 61.0 46.2 14.7 Umami seasonings for 25.2 48% 21.7 3.4 *2 12.0 10.6 1.3 processed
Slide 9: 3. (4) Bioscience Products & Fine Chemicals
3. (4) Bioscience Products & Fine Chemicals (¥ Billion) Interim Progress Interim YoY July-Sept. July-Sept. YoY FY2013 FY2012 Change 2013 2012 Change 111.8 47% 96.9 14.9 Net sales 56.7 47.1 9.6 47.5 48% 45.2 2.2 *1 Feed-use amino acids 23.8 22.0 1.8 39.4 - 30.1 9.2 *2 Amino acids 20.3 14.7 5.6 22.3 -
Slide 10: 3. (5) Pharmaceuticals
3. (5) Pharmaceuticals (¥ Billion) Interim Progress Interim YoY July-Sept. July-Sept. YoY FY2013 FY2012 Change 2013 2012 Change 27.9 54% 35.9 -8.0 *1 Net sales 11.1 17.8 -6.6 1.5 36% 1.8 -0.3 *2 Operating income 1.1 1.1 0.0 -0.8 53% -1.0 0.3 Shared companywide expenses -0.3 -0.5 0.2 *1 Decrease in s
Slide 11: 3. (6) Other Business
3. (6) Other Business (¥ Billion) Interim Progress Interim YoY July-Sept. July-Sept. YoY FY2013 FY2012 Change 2013 2012 Change 41.7 50% 37.1 4.6 *1 Net sales 21.0 19.1 1.9 1.1 - 1.1 0.0 Edible oils & coffee products 0.6 0.5 0.0 0.2 49% 0.3 -0.1 *2 Operating income 0.2 0.3 -0.1 1.1 - 1.0 0.0 Edible o
Slide 12: 3. (7) Net Sales by Business & Geographical Area
3. (7) Net Sales by Business & Geographical Area Upper row: Interim FY2013; lower row: Interim FY2012 Figures in parentheses represent YoY change. (¥ Billion) Japan Asia Americas Europe Total Domestic Food 151.8 (-61.7) 2.9 (-0.1) 5.7 (1.7) 0.8 (0.1) 161.2 (-60.0) Products 213.4 3.0 4.0 0.7 221.2 Ov
Slide 13: 3. (8) Operating Income by Business & Geographical Area
3. (8) Operating Income by Business & Geographical Area Upper row: Interim FY2013; lower row: Interim FY2012 Figures in parentheses represent YoY change. (¥ Billion) * Japan Asia Americas Europe Other Total Domestic Food 12.8 (-8.8) 1.1 (0.5) 0.7 (0.3) 0.2 (0.0) -3.7 (1.7) 11.0 (-6.3) Products 21.6
Slide 14: 3. (9) Comments on Operating Income by Business & Geographical Area
3. (9) Comments on Operating Income by Business & Geographical Area Interim FY2013 Change Compared with Same Period of Previous Year 1. Overseas Food Products (¥ Billion) [YoY change] Japan +¥0.5; Asia +¥2.7; Americas +¥1.1; Europe -¥0.8; Other* -¥0.8; Total +¥2.6 Asia: Increase due to positive effe
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