Ajinomoto Management

Management criteria checks 2/4

Ajinomoto's CEO is Taro Fujie, appointed in Apr 2022, has a tenure of 2.58 years. total yearly compensation is ¥210.00M, comprised of 28.6% salary and 71.4% bonuses, including company stock and options. directly owns 0.007% of the company’s shares, worth €1.45M. The average tenure of the management team and the board of directors is 2.6 years and 2.4 years respectively.

Key information

Taro Fujie

Chief executive officer

JP¥210.0m

Total compensation

CEO salary percentage	28.6%
CEO tenure	2.6yrs
CEO ownership	0.007%
Management average tenure	2.6yrs
Board average tenure	2.4yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Taro Fujie's remuneration changed compared to Ajinomoto's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	JP¥91b
Jun 30 2024	n/a	n/a	JP¥84b
Mar 31 2024	JP¥210m	JP¥60m	JP¥87b
Dec 31 2023	n/a	n/a	JP¥95b
Sep 30 2023	n/a	n/a	JP¥93b
Jun 30 2023	n/a	n/a	JP¥94b
Mar 31 2023	JP¥157m	JP¥74m	JP¥94b

Compensation vs Market: Taro's total compensation ($USD1.38M) is below average for companies of similar size in the German market ($USD4.81M).

Compensation vs Earnings: Taro's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.

CEO

Taro Fujie (63 yo)

2.6yrs

Tenure

JP¥210,000,000

Compensation

Mr. Taro Fujie serves as Representative Executive Officer, President and Chief Executive Officer at Ajinomoto Co., Inc. since April 2022 and serves as its Director since June 23, 2022. He served as a Corpo...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Taro Fujie	Representative Executive Officer	2.6yrs	JP¥210.00m	0.0074% € 1.4m
Masami Kashiwakura	Executive Officer	2.8yrs	JP¥107.00m	0.00090% € 175.1k
Hiroshi Shiragami	EVP, Representative Executive Officer	3.8yrs	JP¥119.00m	0.0053% € 1.0m
Michael Lish	Executive Officer & Deputy GM of Bio & Fine Chemicals Division	1.6yrs	JP¥180.00m	no data
Saburosuke Suzuki	Founder	no data	no data	no data
Eiichi Mizutani	Executive Officer	1.6yrs	no data	0.0011% € 217.8k
Masataka Kaji	General Manager of IR Group - Global Finance Department	no data	no data	no data
Chika Morishima	Executive Officer	no data	no data	0.0038% € 731.3k
Shino Kayahara	Executive Officer and In charge of Diversity & HR	1.6yrs	no data	0.00030% € 58.4k
Takayuki Koda	Executive Officer	3.6yrs	no data	0.0050% € 982.2k
Junichiro Kojima	Executive Officer	2.8yrs	no data	0.0076% € 1.5m
Yoshiteru Masai	Executive Officer	2.6yrs	no data	0.0030% € 579.6k

2.6yrs

Average Tenure

60.5yo

Average Age

Experienced Management: AJI's management team is considered experienced (2.6 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Taro Fujie	Representative Executive Officer	2.4yrs	JP¥210.00m	0.0074% € 1.4m
Hiroshi Shiragami	EVP, Representative Executive Officer	2.4yrs	JP¥119.00m	0.0053% € 1.0m
Tatsuya Sasaki	Executive Officer	2.4yrs	no data	0.0027% € 521.3k
Takeshi Saito	Executive Officer	1.4yrs	no data	0.0016% € 307.3k
Scott Davis	Outside Independent Director	1.4yrs	no data	no data
Kimie Iwata	Independent Outside Chair of the Board	5.4yrs	no data	0.00040% € 77.8k
Joji Nakayama	Independent Outside Director	3.4yrs	no data	0.00016% € 31.1k
Mami Indo	Independent Outside Director	3.4yrs	no data	0.00026% € 50.6k
Yoko Hatta	Independent Outside Director	5.4yrs	no data	no data
Takumi Matsuzawa	Director	1.4yrs	no data	0.0046% € 892.8k
Yukako Wagatsuma	Independent Director	less than a year	no data	no data

2.4yrs

Average Tenure

63yo

Average Age

Experienced Board: AJI's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.

Ajinomoto Management

Management criteria checks 2/4

Key information

Recent management updates

Ajinomoto Co., Inc., Annual General Meeting, Jun 25, 2024

Ajinomoto Co., Inc., Annual General Meeting, Jun 27, 2023

High number of new directors

Ajinomoto Co., Inc., Annual General Meeting, Jun 23, 2022

High number of new directors

Ajinomoto Co., Inc. Announces Changes in its Organization and Personnel, Effective April 1, 2021

Recent updates

Second quarter 2025 earnings released: EPS: JP¥51.98 (vs JP¥36.99 in 2Q 2024)

Ajinomoto Co., Inc. (TSE:2802) announces an Equity Buyback for 10,000,000 shares, representing 1.98% for ¥40,000 million.

Upcoming dividend of JP¥40.00 per share

Ajinomoto Co., Inc. to Report Q2, 2025 Results on Nov 07, 2024

First quarter 2025 earnings released: EPS: JP¥46.98 (vs JP¥51.77 in 1Q 2024)

Final dividend of JP¥40.00 announced

Now 21% undervalued after recent price drop

Ajinomoto Co., Inc. to Report Q1, 2025 Results on Aug 05, 2024

Now 22% overvalued after recent price rise

Ajinomoto Co., Inc., Annual General Meeting, Jun 25, 2024

Full year 2024 earnings released: EPS: JP¥167 (vs JP¥176 in FY 2023)

Ajinomoto Co., Inc. (TSE:2802) announces an Equity Buyback for 12,500,000 shares, representing 2.44% for ¥50,000 million.

Ajinomoto Co., Inc. Enhances StemFit iPS Cell Expansion Medium

Upcoming dividend of JP¥37.00 per share

Ajinomoto Co., Inc. to Report Fiscal Year 2024 Results on May 09, 2024

Third quarter 2024 earnings released: EPS: JP¥59.91 (vs JP¥54.95 in 3Q 2023)

Ajinomoto Co., Inc. to Report Q3, 2024 Results on Feb 06, 2024

Second quarter 2024 earnings released: EPS: JP¥36.95 (vs JP¥35.95 in 2Q 2023)

Upcoming dividend of JP¥37.00 per share at 1.3% yield

Ajinomoto Co., Inc. to Report Q2, 2024 Results on Nov 07, 2023

First quarter 2024 earnings released: EPS: JP¥51.77 (vs JP¥51.71 in 1Q 2023)

Ajinomoto Co., Inc. (TSE:2802) agreed to acquire remaining 25% stake in Ajinomoto Genexine Co., Ltd from Genexine, Inc. (KOSDAQ:A095700) for KRW 19.3 billion.

Ajinomoto Co., Inc. to Report Q1, 2024 Results on Aug 04, 2023

Full year 2023 earnings released: EPS: JP¥176 (vs JP¥139 in FY 2022)

Ajinomoto Co., Inc., Annual General Meeting, Jun 27, 2023

Ajinomoto Co., Inc. (TSE:2802) announces an Equity Buyback for 12,500,000 shares, representing 2.36% for ¥50,000 million.

Upcoming dividend of JP¥31.00 per share at 1.4% yield

Third quarter 2023 earnings released: EPS: JP¥54.95 (vs JP¥50.66 in 3Q 2022)

Ajinomoto Co., Inc. to Report Q3, 2023 Results on Jan 31, 2023

High number of new directors

Second quarter 2023 earnings released: EPS: JP¥35.95 (vs JP¥58.73 in 2Q 2022)

Ajinomoto Co., Inc. (TSE:2802) announces an Equity Buyback for 10,000,000 shares, representing 1.86% for ¥30,000 million.

Now 21% undervalued

Upcoming dividend of JP¥29.00 per share

Ajinomoto Co., Inc. to Report Q2, 2023 Results on Nov 07, 2022

First quarter 2023 earnings released: EPS: JP¥51.71 (vs JP¥40.23 in 1Q 2022)

Full year 2022 earnings released: EPS: JP¥139 (vs JP¥108 in FY 2021)

Ajinomoto Co., Inc., Annual General Meeting, Jun 23, 2022

High number of new directors

Upcoming dividend of JP¥24.00 per share

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

Now 20% undervalued

Second quarter 2022 earnings released: EPS JP¥58.73 (vs JP¥26.10 in 2Q 2021)

Upcoming dividend of JP¥22.00 per share

First quarter 2022 earnings released: EPS JP¥40.23 (vs JP¥40.78 in 1Q 2021)

Ajinomoto Co., Inc. (TSE:2802) announces an Equity Buyback for 25,000,000 shares, representing 4.55% for ¥40,000 million.

METabolic EXplorer S.A. (ENXTPA:METEX) completed the acquisition of Ajinomoto Animal Nutrition Europe S.A.S. from Ajinomoto Co., Inc. (TSE:2802).

Upcoming Dividend of JP¥16.00 Per Share

Ajinomoto Co., Inc. Announces Changes in its Organization and Personnel, Effective April 1, 2021

New 90-day low: €16.60

Revenue misses expectations

Third quarter 2021 earnings released: EPS JP¥47.40 (vs JP¥29.33 in 3Q 2020)

New 90-day high: €19.80

Ajinomoto Co., Inc. Announces Personnel Change

Revenue beats expectations

Second quarter 2021 earnings released: EPS JP¥26.10

Ajinomoto Co., Inc. Revised Earnings Guidance for the Full Year of Fiscal 2021

Second quarter 2021 earnings released: EPS JP¥33.44

New 90-day high: €17.80

New 90-day high: €16.70

Ajinomoto Co., Inc. to Report Fiscal Year 2021 Results on May 10, 2021

New 90-day high - €15.90

First quarter earnings released

New 90-day low - €14.10

Ajinomoto Co., Inc. to Report Q3, 2021 Results on Jan 29, 2021

CEO Compensation Analysis

CEO

Tenure

Compensation