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Ajinomoto Co.

AJNMY

Ajinomoto Co.’s revenue for fiscal 2026 (year ended March 2026) was $10.5 billion, up 3.47% from fiscal 2025.

Revenue
+4.84%
EPS
+20.0%
Free cash flow
−187.7%

Quarter to June 2026, against a year earlier

27.55 3.31 −10.73%
Market cap
—
P/E
34.0×
Fwd P/E
—
Dividend yield
—
F-score
8/9
ROIC
12.0%
Net debt / EBITDA
0.9×
Dividend safety
70/100
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Net bought
—
Trades
0 sells · 0 buys
Ownership
—

Capital & Financial Ratios $m

Size
Market Cap —
Revenue ttm 9,926
Net income ttm 1,781
Free cash flow ttm 753
Net debt Q 1,176
Valuation
P/E 34.0
Forward P/E —
Price / sales 2.7
Forward P/S Powerpack
Price / FCF 35.0
Price / book 4.9
Financial health
Current ratio Q 1.4
Debt / equity Q 0.5 (at or below 0.5: strong)
Interest coverage Q 16.8
Growth
Revenue growth Q +4.8% (above 0%: growing)
Operating income growth Q +9.9% (above 0%: growing)
EPS, this year —
EPS, next year A —
Revenue, next year A —
EPS, past 5 yrs +12.5%
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.8×, against a ten-year median of 1.5×; over the ten years it ranged from 1.0× in 2019 to 3.6× in 2026.
P/E against its own 10 years 77.90%
10-year low 10-year high
P/S against its own 10 years 89.63%
10-year low 10-year high
P/B against its own 10 years 89.99%
10-year low 10-year high
EV/Sales against its own 10 years 89.48%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,340 1,206 1,012 1,482
Receivables 1,436 1,232 1,332 1,344
Inventory 1,981 1,894 2,103 2,203
Other 140 296 200 217
4,896 4,629 4,648 5,247
2024 2025 2026 Q'26
Payables 1,601 1,588 2,006 1,851
ST’ Debt 933 258 267 259
Other 195 249 227 214
3,460 2,538 2,964 3,625

Compound Annual Growth %

10y 5y 3y
Sales 0.60% 0.75% 1.29%
Cash Flow 4.28% 0.29% 21.97%
Earnings 5.35% 9.74% 8.49%
Book Value (0.36%) (2.36%) (2.92%)

EPS $

Mar Jun Sep Dec Year
’26 — 0.24 — — —
’26 — 0.23 — — 0.92
’25 — 0.15 — — 0.46
’24 — 0.19 — — 0.58
’23 — 0.20 — — 0.65
’22 — 0.19 — — 0.62
’21 — 0.19 — — 0.51
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 — 2,596 — — —
’26 — 2,512 — — 10,453
’25 — 2,339 — — 10,102
’24 — 2,479 — — 9,931
’23 — 2,476 — — 10,057
’22 — 2,515 — — 10,229
’21 — 2,306 — — 10,072
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 — 116 — — —
’26 — 210 424 1,068 1,580
’25 — 244 — — 1,385
’24 — — — — 1,160
’23 — — — — 871
’22 — — — — 1,296
’21 — — — — 1,557
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 — (92) — — —
’26 — 1 270 574 1,194
’25 — 105 — — 770
’24 — — — — 757
’23 — — — — 628
’22 — — — — 735
’21 — — — — 910
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to March

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jun ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 10,150 10,352 10,147 10,120 10,072 10,229 10,057 9,931 10,102 10,453 9,926 +0.3% — — — —
Gross margin, % 35.47 34.55 35.09 36.71 37.91 37.05 34.61 35.54 35.98 37.71 37.84 +2.2 pt
EBT 792 769 488 449 924 1,090 1,036 980 715 1,294 1,222 +5.6%
EBT margin, % 7.80 7.43 4.81 4.44 9.18 10.66 10.30 9.87 7.08 12.38 12.31 +4.6 pt
Net income 792 769 488 449 924 1,090 1,036 980 715 1,294 1,781 +5.6%
Per share, $
Per share, $ Revenue 8.88 9.10 9.16 9.23 9.18 9.42 9.41 9.54 10.03 10.74 10.38 +2.1%
Earnings 0.43 0.48 0.25 0.16 0.51 0.62 0.65 0.58 0.46 0.92 0.81 +9.0%
Cash flow 0.88 1.00 1.00 0.96 1.42 1.19 0.81 1.11 1.38 1.62 1.90 +7.1%
Capex (0.65) (0.59) (0.61) (0.68) (0.59) (0.52) (0.23) (0.39) (0.61) (0.40) (1.11) (5.3%)
Free cash flow 0.23 0.41 0.39 0.29 0.83 0.68 0.59 0.73 0.76 1.23 0.79 +20.5%
Book value 5.67 5.70 5.57 4.97 5.72 6.06 5.70 5.86 5.33 5.72 5.59 +0.1%
Shares, m 1,144 1,137 1,108 1,096 1,097 1,086 1,069 1,041 1,007 973 1,004 (1.8%)
Valuation, ×
Valuation, × P/E 30.34 23.63 35.38 19.20 18.30 23.10 24.37 24.27 27.31 35.90 34.01 26.2
P/S 1.15 1.04 0.92 1.04 1.17 1.61 1.91 2.00 2.06 2.78 2.65 1.6
P/B 1.96 1.61 1.38 1.65 1.98 2.55 2.99 3.15 3.54 5.13 4.93 2.6
EV/Sales 1.24 1.17 1.07 1.20 1.34 1.73 2.02 2.08 2.18 2.93 2.77 1.7
EV/FCF 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 30.25 36.58 3.0
Cash, $m
Cash, $m Operating cash flow 1,005 1,140 1,109 1,057 1,557 1,296 871 1,160 1,385 1,580 1,818 +5.2%
Capex (742) (668) (680) (743) (647) (560) (243) (402) (616) (386) (1,066) (7.0%)
Free cash flow 262 471 429 314 910 735 628 757 770 1,194 753 +18.3%
Balance, $m
Balance, $m Working capital 3,117 2,915 2,695 1,871 2,339 2,285 2,042 1,436 2,090 1,684 1,623 (6.6%)
Net debt 1,362 1,240 1,444 1,530 1,191 1,287 1,062 1,348 1,799 1,769 1,176 +2.9%
Shareholders’ equity 6,489 6,485 6,174 5,447 6,278 6,584 6,090 6,100 5,368 5,572 5,345 (1.7%)
Returns, %
Returns, % ROA 4.27 4.33 2.11 1.39 4.31 5.10 5.76 5.13 3.93 7.62 6.71 +3.4 pt
ROIC 6.32 6.80 7.33 4.02 7.95 8.80 9.63 8.49 6.56 11.21 11.98 +4.9 pt
ROE 7.97 8.43 4.22 2.98 9.53 10.48 10.98 9.86 8.09 16.25 14.56 +8.3 pt
People
People Employees 32,734 34,452 34,504 32,509 32,509 33,461 34,615 34,862 34,860 34,787 — +0.7%
Revenue/emp, $m 0.31 0.30 0.29 0.31 0.31 0.31 0.29 0.28 0.29 0.30 — (0.3%)
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Ajinomoto Co. vs peers (Q) = latest quarter vs a year earlier

No peers yet.

Ajinomoto Co. (AJNMY) Latest News

9 Nov

Impact 3 · · Investing.com

20 Oct

Impact 3 · · PR Newswire

17 Oct

Impact 4 · · Simply Wall St.

16 Sep

Impact 3 · · just-food.com

18 Aug

Impact 4 · · thehustle.co

7 Aug

Impact 4 · transcript

16 Jul

Impact 4 ·

13 May

Impact 3 · · PR Newswire

31 Mar

Impact 4 · · GuruFocus.com
Impact 4 · · Business Wire
stockrow.com/AJNMY · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com