Ajinomoto Co., Inc.TSE: 2802

Strategy for Latin America to Enhance Corporate Value

· Issued by Ajinomoto Co., Inc.
Bus ines s Briefing on Latin America The Ajinomoto Group's Strateg y for Latin America to Enhance Corporate Value S h i g e o N a k a m u r a

Direc tor, Repres entative Exec utive Offic er,

Pres ident & Chief Exec utive Offic er

Oc tober 14, 2025



  • In Latin America, we engage in wide-ranging businesses within Food and Bio & Fine Chemicals. We have high growth atop a solid business foundation that includes brands with firm roots in the region.
  • Ahead of the COP30 meeting in Brazil in November, we plan to accelerate our sustainability efforts with a focus on "AminoScience." We will generate positive impacts together with business growth.
  • Heading toward 2030 and beyond, we will promote organic growth in our existing businesses along with the development and expansion of new businesses. We will accelerate growth by strengthening our intangible assets and deepening global collaboration, and will connect this to the sustainable enhancement of our corporate value and to the realization of ASV and our Purpose of contributing to the well-being of all human beings, our society, and our planet.

The Latin America Division's organizational structure is centered on Brazil and Peru. Closely cooperating with Group-wide business departments and corporate departments, the Division's headquarters flexibly shoulders regional operations.

Ajinomoto do Brasil

Indústria e Comércio de Alimentos Ltda.

Ajinomoto del

Perú S.A.

Colombia Branch

Sazonadores del Pacifico

C. Ltda. (Ecuador)

Bolivia Branch

Chile Branch

Argentina Branch

Ajinomoto de México, Sociedad. de R.Ltd. de C.V.

Latin America Division Headquarters



Mexico

Colombia

Ecuador

Peru Brazil

Bolivia

Chile

Argentina



(Ownership 51%)

Company name

Ajinomoto do Brasil Indústria e Comércio de Alimentos Ltda.

Year of

establishment

1956

Location

Head office: São Paulo

Plants: Limeira, Laranjal Paulista, Valparaiso, and Pederneiras

Branches: Argentina, Colombia

Business description

R&D, manufacture, and sales for the Seasonings and Foods and the Bio & Fine Chemicals businesses

Number of employees

Approximately 3,000 (As of March 31, 2025)

Representative: Naoko Yamamoto



Main products:



Seasonings and Foods

SAZÓN®

flavor seasoning

MID®



powdered juice

Bio & Fine Chemicals Amino acids for pharmaceuticals and foods



Materials for agricultural use AjiPro®-L lysine formulation





for cows







Pictures from Ajinomoto do Brasil

Company name

Ajinomoto del Perú S.A.

Year of

establishment

1968

Location

Head Office: Lima; Plant: Callao

Branches: Chile, Bolivia Subsidiary: Ecuador

Business description

R&D, manufacture, and sales for the Seasonings and Foods business

Number of employees

Approximately 1,500 (As of March 31, 2025)

Main products:

Seasonings and Foods

Representative: Iwao Nishitani





AJI-NO-MOTO®

umami seasoning

Aji-no-men®



instant noodles

Doña Gusta®



flavor seasoning

AJI-NO-SILLAO®



liquid seasoning

Pictures from Ajinomoto del Perú



5

Copyright © 2025 Ajinomoto Co., Inc. All rights res erved

Our business extends widely across the Food business and the Bio & Fine Chemicals business.

◎: Manufacture and sales

  • : Sales

ー : None

Segment

Business

Brazil

Peru

Other

(Bolivia, Colombia, etc.)

Food

BtoC

◎Seasonings, soups, powdered juice, frozen foods,



etc.



◎Seasonings and instant noodles



  • Seasonings and instant noodles



BtoB



◎MSG and specialty products for foodservice







◎MSG and specialty products for foodservice

  • (available only in some countries)

Intra-Group supply (MSG internal sales)



◎MSG

-

-

Bio & Fine

Chemicals

Amino acids for

pharmaceuticals and foods, personal care ingredients, value-added livestock feed, agricultural services, etc.

◎Amino acids, lysine formulation for cattle, agricultural materials,





etc.



  • Amino acids



  • Amino acids



Intra-Group supply (bulk

amino acid internal

sales)



◎Amino acids

-

-

Copyright © 2025 Ajinomoto Co., Inc. All rights res erved 6

The Division operates throughout Latin America, exporting from Brazil and Peru to s ites across Latin America and to the Ajinomoto Group worldwide.

Colombia

Instant noodles,

AJI-NO-MOTO®, etc.

Mexico

Flavor seasonings,

AJI-NO-MOTO®, etc.

MSG and amino acids for the Ajinomoto Group worldwide

Ecuador

AJI-NO-MOTO®,

Flavor seasonings , etc.

Bolivia

Flavor seasonings, Instant noodles,

AJI-NO-MOTO®, etc.

Peru Brazil

MSG

Amino Acids

Chile

Instant noodles, AJI-NO-MOTO®,

Flavor seasonings, etc.

Argentina

AJI-NO-MOTO®,

Flavor seasonings, etc.



Major product flows

Exports from Brazil to Latin America (Food & Amino Acids)

Exports from Brazil to

outside LATAM (MSG & Amino Acids) Exports from Peru to Latin America (Food)



In addition to continuous high business growth in Brazil and Peru, our core countries in Latin America, we will further grow our business in neighboring countries.

CAGR (FY2018-2024)

Other neighboring countries

18%

Peru

14%

Brazil

8%

Brazil

Peru

Our Sales in Latin America*

Other neighboring countries (Bolivia, Colombia, etc.)

FY2024

approx. 125 billion JPY

FY2018 FY2020 FY2022 FY2024 FY2030

Forecast

*Including intra-Group sales. All currencies are converted to BRL for the graph.

Ajinomoto Group products enjoy extremely high market shares and recognition in Brazil and Peru.

Product market share Recognition rate

Brazil

Tempero SAZÓN® flavor seasoning approx. 70%

Source: Nielsen

AJI-NO-MOTO® umami seasoning

Brazil

74.6

Peru

93.0

0

20

40

60

80

100 (%)



Flavor seasonings

Brazil

SAZÓN®

95.8

Peru

Doña Gus ta®

90.8

0

20

40

60

80

100 (%)



Brazil SAZÓN®

Peru

Doña Gusta®

Peru

AJI-NO-MOTO®

umami seasoning approx. 98%

Doña Gus ta® flavor seasoning approx. 80%

Aji-no-men® instant noodles approx. 98%

Source: Kantar



Source: Survey conducted by the Ajinomoto Group (2025)

Online survey of 500 general consumers per country

(men and women aged 20-69)

Many cultural commonalities exis t within Latin America, making area-wide initiatives effective. As in the ASEAN region, "umami" food culture is readily accepted, and cons iderable room exis ts for expanding the Ajinomoto Group's bus ines s .

GDP*: approx. 6 trillion USD

Population*: approx. 700 million Employees: approx. 4,500

Latin America

GDP*: approx. 4 trillion USD

Population*: approx. 700 million Employees: approx. 13,000

ASEAN



* Based on 2024 IMF and World Bank data

Latin America

ASEAN

approx. 90 billion JPY

approx. 400 billion JPY

Our Seasonings and Foods business FY2024 sales (outside sales only)