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

Q3 2022 Ajinomoto Co Inc Earnings Call Transcript

Jan 31, 2022 / 08:00AM GMT

Transcript

Operator

Now we would like to move on to the second part.

And the Tetsuya Nakano, Executive Officer and Vice President, in charge of Finance and Investor Relations will present the results.

Thank you.

Tetsuya Nakano

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

Now we would like to move on to our results to explain about the third quarter results. Please look at Page 2. So today's message, there are 5 product points. The first one is that in the third quarter, we increased sales and profit again. Second, despite the ongoing impact of increased cost of raw materials, logistics and the personnel, we are controlling selling, general and administrative expenses while maintaining the GP, gross profit margin by steadily increasing the prices. And therefore, we are working to strengthen profitability from the next fiscal year onward as a step-by-step nature to address the cost increases.

The third point, structural reform will continue in the fourth quarter and beyond. We will accomplish the Phase I goals of the MTP,

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