Ajinomoto Co Inc (MEX:2802)

MXN 633.38 0 (0%) Market Cap: 445.69 Bil Enterprise Value: 486.01 Bil PE Ratio: 35.80 PB Ratio: 4.16 GF Score: 90/100

Q2 2022 Ajinomoto Co Inc Earnings Call Transcript

Nov 04, 2021 / 08:00AM GMT

Transcript

Tetsuya Nakano

Ajinomoto Co., Inc. - Executive Officer, VP in Charge of Finance & IR

Hello. This is Nakano. Thank you very much for taking your precious time to attend this conference call. We thank you very much. Now without further ado, I would like to use the PowerPoint slide that you may have in front of you and begin my explanation.

First of all, if you can go to Page 3. Here, we have the forecast for the full year. So there are 4 bullet points. I will later explain this in more detail later on.

Now moving on to Page 5. On the bottom right, you see the digest of the first half results for fiscal 2022. And in the first half, we achieved an increase in both sales and profit. In all segments, we are expecting an increase -- sales increase for the full year. Third bullet point, the business profit was revised upwards to JPY 120 billion. ROIC is expected to be 7.6%, making a steady progress towards our medium-term target. Operating cash flow is expected to be more than JPY 400 billion in the 3-year period, and that is the progress that we are making so far. Lastly, for shareholder

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