TSE:2802
TSE:2802Food

Is Ajinomoto (TSE:2802) Quietly Rewriting Its Investment Story Around Semiconductors And Biotech?

Morgan Stanley previously upgraded Ajinomoto from Equalweight to Overweight, arguing that recent profit weakness was driven largely by one-off factors such as upfront spending to accelerate profitability at Forge. The bank’s confidence rests on Ajinomoto’s push into semiconductors, biotech, and overseas seasonings, signaling a broader shift beyond its traditional food roots. We’ll now explore how Morgan Stanley’s focus on Ajinomoto’s semiconductor and biotech potential may reshape the...