Profit hike for Ajinomoto

- Last updated on GMT

Related tags: Amino acid, Generally accepted accounting principles

Japanese food company, Ajinomoto Co. said this week that it will
boost its production capacity of amino acid lysine in a move to
focus on its core businesses to strengthen its bottom line over the
mid-term.

Japanese food company, Ajinomoto Co. said this week that it will boost its production capacity of amino acid lysine in a move to focus on its core businesses to strengthen its bottom line over the mid-term.

The company aims to raise its combined annual capacity of lysine to 300,000 metric tons at its facilities in six countries outside Japan in 2005, from about 200,000 tons currently.

The company is seeking to focus on its core businesses, including feed-use amino acid, to strengthen its bottom line over the mid-term.

According to a statement the company is targeting group sales of Y1.1 trillion (€0.09bn) for the fiscal year ending March 2005, 20 per cent higher than sales estimated for the current fiscal year ending March. It also aims to increase group operating profit of Y75 billion (€0.65bn) in the fiscal 2004, 60 per cent higher than this fiscal year, partly through continued cost reductions.

Related topics: Market Trends

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