Financial PerformanceAjinomoto posted an extremely strong Q2 with Business Profit +30%, driven primarily by ABF with revenues +33% in the period.
Growth OutlookThe Healthcare & Others segment, particularly Functional Materials, is expected to remain the primary growth driver, sustaining double-digit top- and bottom-line growth into the future, fueled by AI-driven demand.
Shareholder ReturnsThe company announced a series of shareholder-friendly corporate actions, including an increase in the FY24F dividend, a share buyback, and a 2 for 1 stock split, likely providing support to the share price.