Ajinomoto Co Inc (AJINF) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.837 Thank you for joining Ajinomoto Group's conference call on the financial result for the 00:00:04.837 -- 00:00:09.484 first quarter of FY2025, despite your busy schedule. 00:00:09.484 -- 00:00:12.868 I'm Pac from IR, serving as moderator today. 00:00:12.868 -- 00:00:18.015 From Ajinomoto, we have Mr. Kaji, corporate fellow, GM IR office, 00:00:18.015 -- 00:00:23.522 is on the call. The meeting is scheduled for 60 minutes, and the first 20 00:00:23.522 -- 00:00:28.523 minutes or so would be explanation using disclosed material by 00:00:28.523 -- 00:00:33.949 Mr. Kaji followed by Q&A session. Please refer to the material 00:00:33.949 -- 00:00:38.391 uploaded on Ajinomoto's IR website. 00:00:41.757 -- 00:00:46.902 We would like to record today's meeting and later upload them 00:00:46.902 -- 00:00:50.766 on our website. So we would like to have your understanding on this. 00:00:50.766 -- 00:00:53.609 So we would like to start the conference call. 00:00:53.609 -- 00:00:57.828 Kaji-san, please. Yes, thank you very much. 00:00:57.828 -- 00:01:03.053 for joining us today. First of all, could you turn to page two? 00:01:03.053 -- 00:01:05.053 This 00:01:05.795 -- 00:01:11.961 is a summary. The first quarter sales. Ajinomoto Altair 00:01:11.961 -- 00:01:17.206 sale had an impact, but excluding currency translation, the sales 00:01:17.206 -- 00:01:22.471 increased 103% year on year. Business profit grew by double 00:01:22.471 -- 00:01:26.032 digit year on year to 112% 00:01:26.093 -- 00:01:29.217 excluding currency translation. 00:01:29.217 -- 00:01:35.063 The business profit margin rose significantly to 13% plus 1.2% 00:01:35.426 -- 00:01:40.573 year-on-year thanks to the effect of price increase and strengthened 00:01:40.573 -- 00:01:45.580 ...