News
Ajinomoto Q3 2009 net income grows
Although consolidated sales for the nine months to 31 December decreased by 3.5% (¥32.1 billion), operating income increased by 75.5% (¥25.4 billion) to ¥59.1 billion, ordinary income increased 207.7% (¥42.5 billion) to ¥62.9 billion, and net income was ¥37.2 billion.
In the nine months under review (1 April 2009 to 31 December 2009), the Japanese economy experienced a substantial deterioration in corporate profits, impacted by the global economic recession, with a slowdown also in consumer spending, influenced by declines in incomes and a deterioration of the employment situation. Internationally, some countries and regions in Asia, such as China, started to recover, but the recession continued in the US and Europe, with conditions remaining severe.
In the food industry, the business environment remained difficult, as a result of factors including a cooling of consumer sentiment against the backdrop of the recession. Within this environment, the Ajinomoto Group focused its efforts on creating demand, developing new markets, reducing costs and strengthening the business structure, by pursuing reforms throughout the entire group, aiming to be successful in the increasingly severe operating environment and to overcome competitive pressures.
Source: Ajinomoto Co Inc
See also
Latest news
| |