Ajinomoto 2026 Investor Day Summary Company Overview - **Company**: Ajinomoto Co., Inc. (OTCPK: AJIN.Y) - **Event**: 2026 Investor Day - **Date**: March 15, 2026 - **Key Speakers**: - Shigeo Nakamura, President & CEO - Ms. Ono, Executive Officer in charge of Sustainability Core Industry Focus - **Industry**: Agri-food systems - **Key Themes**: Sustainability, AminoScience technology, corporate value enhancement Key Points and Arguments Sustainability Initiatives - Ajinomoto views sustainability as central to its ASV (Ajinomoto Group Creating Shared Value) initiatives, aiming to create both social and economic value while accelerating business growth [3][5] - The company has set a goal to reduce environmental impact by 50% and extend healthy life expectancy for 1 billion people [5] - Ajinomoto is focusing on six material themes to maximize ASV, addressing risks and opportunities to enhance business resilience and growth [5][12] Agri-food Systems - The agri-food sector accounts for over 20% of global GHG emissions, making it a critical area for Ajinomoto's sustainability efforts [9][30] - Ajinomoto is leveraging its AminoScience technology to develop solutions that address social challenges in the agri-food sector, including climate change impacts on crop yields [8][9] - The company is actively participating in international discussions, such as COP 30, to promote sustainable agri-food systems and expand funding for agriculture [4][10] Financial Strategies - Ajinomoto aims to enhance corporate value by increasing cash flow generation, reducing the cost of capital, and raising growth rates [6][7] - The company is working on integrating sustainability into its business strategy to improve resilience and earning capabilities [6][8] Specific Initiatives - **Farmer Support Programs**: - In Thailand, Ajinomoto has initiated the Thai Farmer Better Life Partner project, supporting over 8,000 farmers and increasing cassava productivity by more than 30% [17][18] - Similar initiatives are being launched in Vietnam, focusing on improving cassava productivity and reducing GHG emissions [19][20] - **Logistics Efficiency**: - The F-LINE project in Japan aims to improve logistics efficiency and reduce GHG emissions through joint transport initiatives [23] - **Health and Nutrition**: - Ajinomoto is addressing excessive intake of salt, sugar, and fat through product innovations that maintain taste while promoting healthier diets [25][26] Partnerships and Collaborations - Ajinomoto is collaborating with various stakeholders, including governments and financial institutions, to enhance sustainability and corporate value [4][11] - The company signed an MOU with Banco do Brasil to develop financial schemes utilizing sustainable finance for farmers [11][39] Market Opportunities - The market for carbon credits is expected to grow significantly, with Ajinomoto positioning itself to capitalize on this trend through its GHG reduction initiatives [36][37] - The company anticipates that its AjiPro-L product and biostimulants will significantly contribute to revenue growth, targeting JPY 30 billion for biostimulants and JPY 20 billion for AjiPro-L by 2030 [51][54] Additional Important Content - Ajinomoto's initiatives are not only aimed at enhancing corporate value but also at addressing urgent social issues related to climate change and food security [30][31] - The company recognizes the need for a robust ecosystem involving farmers, financial institutions, and governments to effectively implement its sustainability solutions [34][35] - Ajinomoto's participation in COP 30 highlighted the rising global interest in sustainable agri-food systems and the importance of collaborative efforts to tackle climate change [10][70] This summary encapsulates the key points discussed during Ajinomoto's 2026 Investor Day, focusing on sustainability, agri-food systems, financial strategies, specific initiatives, partnerships, and market opportunities.

Opening Remarks Shigeo Nakamura Director, Representative Executive Officer, President & Chief Executive Officer March 16, 2026 Today's Message • In the Ajinomoto Group, sustainability initiatives are the core of ASV initiatives. They work as one with our business strategies to create both social and economic value and accelerate business growth. • We will aim to maximize ASV through initiatives that reduce negative impact and expand positive impact, thereby increasing the resilience of our business foundati ...

Ajinomoto Group's Latin America Strategy - The Ajinomoto Group aims to enhance corporate value in Latin America by focusing on Food and Bio & Fine Chemicals businesses, accelerating sustainability efforts with "AminoScience," and promoting organic growth and new business development[3] - The Latin America Division is structured around Brazil and Peru, with headquarters flexibly managing regional operations[4] Ajinomoto do Brasil (ABR) Overview - ABR's FY2024 sales amounted to approximately 3500 million BRL (approximately 100 billion JPY), contributing to the Ajinomoto Group's total sales of 1530 billion JPY[39] - ABR's sales composition in FY2024 was approximately 50% Food, 30% Food Ingredients & Agriculture (FI & Agri), and 20% Bio & Fine Chemicals (BF)[43] - ABR's Food business is experiencing steady expansion, with a CAGR of 9% from FY2018 to FY2024, driven by the strong growth of the Seasonings segment[53, 54] Market Presence and Growth - Tempero SAZÓN® flavor seasoning holds approximately 70% market share in Brazil, with a brand recognition rate of 96%[21, 64] - AJI-NO-MOTO® umami seasoning has approximately 98% recognition rate in Brazil[21] - Peru's Aji-no-men® instant noodles and Doña Gusta® flavor seasoning have approximately 98% and 80% market share, respectively[21] - Sales in Latin America are forecasted to reach approximately 125 billion JPY in FY2024, with CAGR from FY2018-2024 of 8% in Brazil, 14% in Peru and 18% in other neighboring countries[19] Sustainability and Innovation - ABR is participating in the "Recovery of Degraded Pasture Verification Study" to contribute to environmental and societal well-being through its Agri business[79] - AjiProTM-L initiatives in Brazil aim to reduce GHG emissions by approximately 1 t-CO2 eq per head per year and lower feed costs by approximately $100 per head per year[92] - ABR is actively engaged in Digital Transformation (DX) initiatives across all areas, including the implementation of AI, with Sales 6X YoY in FY2024[107, 108]