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The latest announcement is out from Ajinomoto Co ( (JP:2802) ).
Ajinomoto Co., Inc. has revised its full-year consolidated performance forecast for the fiscal year ending March 31, 2025, due to an impairment loss related to its subsidiary, Ajinomoto Althea, Inc. The company has sold its shares in Althea to Packaging Coordinators Inc., leading to a downward revision of profit attributable to owners by ¥20.1 billion. This strategic move is expected to impact Ajinomoto’s financial results, with extraordinary losses recorded in its non-consolidated performance estimates due to the valuation of stocks of subsidiaries and affiliates.
More about Ajinomoto Co
Ajinomoto Co., Inc. operates in the food and chemical industries, primarily focusing on the production of seasonings, processed foods, beverages, amino acids, and pharmaceuticals. The company is known for its global market presence and innovation in biotechnology and food products.
YTD Price Performance: 2.52%
Average Trading Volume: 484
Technical Sentiment Signal: Sell
Current Market Cap: $20.42B
Find detailed analytics on 2802 stock on TipRanks’ Stock Analysis page.