Sunday 18 October 2026
Export AJNMY’s income statement to Excel — free account
Ajinomoto Co.
AJNMY
Ajinomoto Co.’s revenue for fiscal 2026 (year ended March 2026) was $10.5 billion, up 3.47% from fiscal 2025. In the quarter to June 2026, revenue grew 4.84%, EPS grew 20.0% and free cash flow fell 187.7%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years.
33.18
0.32
−0.96%
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| Mar '26 | Mar '25 | Mar '24 | Mar '23 | Mar '22 | Mar '21 | Mar '20 | Mar '19 | Mar '18 | Mar '17 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
8 | 7 | 6 | 8 | 7 | 6 | 7 | 6 | 6 | 5 |
P/E ratio |
36.66 | 27.31 | 24.29 | 24.80 | 22.97 | 18.46 | 19.79 | 35.47 | 23.24 | 29.82 |
Altman Z-Score |
4.44 | 3.81 | 3.63 | 4.26 | 3.33 | 2.73 | 2.61 | 2.74 | 2.87 | 3.08 |
P/S ratio |
2.84 | 2.06 | 2.00 | 1.94 | 1.60 | 1.18 | 1.08 | 0.92 | 1.02 | 1.13 |
Altman Z″-Score (non-manufacturers) |
3.64 | 3.71 | 3.58 | 4.52 | 4.19 | 3.92 | 3.43 | 4.30 | 4.44 | 4.70 |
P/FCF ratio |
29.37 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
P/Operating CF |
26.10 | 82.82 | 18.80 | 18.18 | 15.03 | 10.91 | 10.13 | 8.68 | 9.67 | 10.77 |
Beneish M-Score |
(2.67) | (3.03) | (2.56) | (2.60) | (2.72) | (2.93) | (2.86) | (2.84) | (2.49) | (2.42) |
Dividend Safety Score |
70 | — | — | — | — | — | — | — | — | — |
P/B ratio |
5.24 | 3.54 | 3.15 | 3.05 | 2.54 | 2.00 | 1.70 | 1.38 | 1.59 | 1.93 |
Price to Tangible BV |
7.09 | 4.94 | 3.90 | 3.90 | 3.37 | 2.70 | 2.19 | 1.83 | 2.07 | 2.40 |
EV/Sales |
2.99 | 2.18 | 2.08 | 2.06 | 1.72 | 1.35 | 1.23 | 1.08 | 1.16 | 1.22 |
EV/EBITDA |
19.52 | 15.87 | 15.91 | 16.21 | 15.28 | 9.70 | 9.98 | 3.10 | 1.97 | 1.58 |
EV/Operating CF |
15.06 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/FCF |
30.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Quick Ratio |
0.79 | 0.96 | 0.80 | 0.95 | 1.04 | 1.08 | 1.03 | 1.28 | 1.45 | 1.49 |
Current Ratio |
1.57 | 1.82 | 1.42 | 1.81 | 1.79 | 1.74 | 1.61 | 2.03 | 2.16 | 2.38 |
Net Debt/EBITDA |
0.93 | 1.36 | 0.87 | 0.65 | 0.76 | 0.77 | 1.50 | 1.06 | 0.95 | 1.05 |
Debt/Assets |
23.25% | 26.46% | 21.95% | 19.09% | 21.54% | 22.39% | 23.41% | 23.73% | 23.58% | 24.80% |
Debt/Equity |
0.50 | 0.56 | 0.44 | 0.35 | 0.42 | 0.48 | 0.54 | 0.48 | 0.47 | 0.48 |
Asset Turnover |
0.90 | 0.86 | 0.85 | 0.83 | 0.77 | 0.78 | 0.81 | 0.80 | 0.82 | 0.89 |
Operating CF/Net income |
1.78 | 2.99 | 1.93 | 1.25 | 1.92 | 2.79 | 6.10 | 4.15 | 2.09 | 2.05 |
Capex/Depreciation |
(0.66) | (1.08) | (0.74) | (0.46) | (0.95) | (1.09) | (1.30) | (1.44) | (1.43) | (1.49) |
Interest Coverage |
16.19 | 7.90 | 11.82 | 9.93 | 13.89 | 15.09 | 6.09 | 14.06 | 12.52 | 34.51 |
| 16.25% | 8.09% | 9.86% | 10.98% | 10.48% | 9.53% | 2.98% | 4.22% | 8.43% | 7.97% | |
| 7.62% | 3.93% | 5.13% | 5.76% | 5.10% | 4.31% | 1.39% | 2.11% | 4.33% | 4.27% | |
ROIC |
11.21% | 6.56% | 8.49% | 9.63% | 8.80% | 7.95% | 4.02% | 7.33% | 6.80% | 6.32% |
Return on Tangible Assets |
14.92% | 7.83% | 10.95% | 11.58% | 9.72% | 8.08% | 2.86% | 4.11% | 8.25% | 7.20% |
Average Days of Receivables |
46.53 | 44.52 | 52.77 | 47.37 | 53.48 | 57.76 | 64.17 | 65.51 | 66.21 | 59.48 |
Research and Development Expense of Revenue |
2.03% | 2.02% | 2.00% | 1.90% | 2.16% | 2.42% | 2.51% | 2.47% | 2.42% | 0.00% |
Selling, General and Administrative Expense of Revenue |
24.75% | 23.97% | 23.60% | 23.07% | 24.46% | 25.06% | 24.96% | 24.36% | 24.02% | 27.65% |
Intangible Assets out of Total Assets |
0.12 | 0.12 | 0.14 | 0.10 | 0.12 | 0.12 | 0.12 | 0.11 | 0.12 | 0.11 |
Share Based Compensation of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Graham Net Nets |
(0.06) | (0.06) | (0.03) | (0.04) | (0.09) | (0.17) | (0.15) | (0.11) | (0.07) | 0.00 |
Graham Number |
10.09 | 9.64 | 9.55 | 10.07 | 9.61 | 8.85 | 8.08 | 7.86 | 5.41 | 6.90 |
Earnings Yield |
2.73% | 3.66% | 4.12% | 4.03% | 4.35% | 5.42% | 5.05% | 2.82% | 4.30% | 3.35% |
Free Cash Flow Yield |
3.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
10.74 | 10.03 | 9.54 | 9.41 | 9.42 | 9.18 | 9.23 | 9.16 | 9.10 | 8.88 |
Operating CF per Share |
1.62 | 1.38 | 1.11 | 0.81 | 1.19 | 1.42 | 0.96 | 1.00 | 1.00 | 0.88 |
Capex per Share |
(0.40) | (0.61) | (0.39) | (0.23) | (0.52) | (0.59) | (0.68) | (0.61) | (0.59) | (0.65) |
Free Cash Flow per Share |
1.23 | 0.76 | 0.73 | 0.59 | 0.68 | 0.83 | 0.29 | 0.39 | 0.41 | 0.23 |
Cash per Share |
1.04 | 1.20 | 1.29 | 1.00 | 1.39 | 1.66 | 1.26 | 1.38 | 1.57 | 1.51 |
Shareholders Equity per Share |
5.72 | 5.33 | 5.86 | 5.70 | 6.06 | 5.72 | 4.97 | 5.57 | 5.70 | 5.67 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
5.72 | 5.33 | 5.86 | 5.70 | 6.06 | 5.72 | 4.97 | 5.57 | 5.70 | 5.67 |
Free Cash Flow |
1,194.20 | 769.61 | 757.44 | 627.88 | 735.32 | 910.29 | 313.53 | 429.21 | 471.44 | 262.34 |
Working Capital |
1,683.71 | 2,090.29 | 1,436.35 | 2,041.61 | 2,285.41 | 2,339.00 | 1,870.68 | 2,694.70 | 2,914.87 | 3,117.19 |
Capital Expenditures |
(385.52) | (615.71) | (402.27) | (242.65) | (560.31) | (646.82) | (743.15) | (680.09) | (668.46) | (742.28) |
Net Current Asset Value |
(1,741.74) | (1,363.30) | (1,247.51) | (541.89) | (1,209.48) | (1,675.78) | (2,048.32) | (1,050.68) | (910.59) | (567.82) |
EV/EBIT |
24.05 | 17.68 | 15.91 | 16.21 | 15.28 | 9.70 | 9.98 | 3.10 | 1.97 | 1.58 |
Capex to Sales |
0.04 | 0.06 | 0.04 | 0.02 | 0.05 | 0.06 | 0.07 | 0.07 | 0.06 | 0.07 |
Price to Operating Income |
22.88 | 16.71 | 15.30 | 15.30 | 14.22 | 8.42 | 8.72 | 2.65 | 1.74 | 1.46 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.14 | 0.15 | 0.13 | 0.13 | 0.13 | 0.13 | 0.14 | 0.12 | 0.13 | 0.14 |
Cash ROIC |
12.75% | 8.03% | 7.48% | 6.75% | 6.76% | 8.19% | 3.22% | 4.02% | 4.17% | 2.32% |
Accounts Receivable Turnover |
8.15 | 7.57 | 7.25 | 7.17 | 6.61 | 5.97 | 5.62 | 5.49 | 5.86 | 6.42 |
Accounts Payable Turnover |
3.62 | 4.06 | 4.18 | 4.05 | 3.63 | 3.66 | 3.89 | 3.97 | 5.42 | 8.29 |
Inventory Turnover |
3.26 | 3.34 | 3.22 | 3.33 | 3.46 | 3.66 | 3.87 | 3.97 | 4.20 | 4.27 |
Average Days of Payables |
112.46 | 89.64 | 91.26 | 81.31 | 100.86 | 103.40 | 93.63 | 91.40 | 89.92 | 46.19 |
Days of Inventory on Hand |
117.88 | 106.90 | 112.96 | 110.82 | 110.67 | 103.52 | 93.66 | 92.28 | 89.26 | 87.65 |
Average Receivables |
1,282.20 | 1,333.85 | 1,370.47 | 1,402.11 | 1,546.42 | 1,686.55 | 1,800.25 | 1,849.54 | 1,765.86 | 1,581.68 |
Average Payables |
1,797.09 | 1,594.35 | 1,532.86 | 1,622.12 | 1,775.32 | 1,707.21 | 1,646.22 | 1,659.24 | 1,248.95 | 789.86 |
Average Inventory |
1,998.43 | 1,937.51 | 1,988.91 | 1,974.48 | 1,862.86 | 1,708.45 | 1,654.39 | 1,661.05 | 1,614.85 | 1,534.48 |
Average Assets |
11,660.47 | 11,801.74 | 11,715.43 | 12,077.33 | 13,210.98 | 12,953.70 | 12,499.05 | 12,688.78 | 12,633.10 | 11,459.28 |
Average Common Equity |
5,469.90 | 5,733.81 | 6,095.00 | 6,336.84 | 6,430.74 | 5,862.40 | 5,810.34 | 6,329.27 | 6,487.10 | 6,134.30 |
Columns are period end dates