Ajinomoto Interim Financial Results Significant Decrease of Over 70% Impact of African Pig Cholera Nov. 6 20:01
A major food manufacturer, “Ajinomoto”, and the interim financial results up to September, because the price of amino acids used as feed ingredients has fallen due to the impact of African swine fever, which is spreading worldwide, This was a significant decrease of more than 70% compared to the same period of the previous year.
Ajinomoto's announcement for the six months ended September ended March 31, 2014 was that sales were down 1.4% from the same period last year to over ¥ 58.7 billion, and final profit was down 72.8% to over ¥ 7 billion. .
This is due to the impact of African swine fever cholera, which is spreading globally, resulting in a decline in selling prices due to sluggish demand for amino acids used in pig food in China and other countries.
Along with this, the loss of 11.7 billion yen was recorded for the fact that the operating rate of the amino acid manufacturing plant in France was sluggish and could no longer generate profits.
On the other hand, we have also revised down the results for the year up to March next year, and the final profit is expected to be 18.0 billion yen, 64% lower than the May forecast.
Ajinomoto President Takaaki Nishii said at a press conference that it would take at least a year to escape from the impact of African swine fever, and would like to proceed with structural reform of the business.