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Ajinomoto Group IntegratedAjinomoto Group Report Integrated 2019 Report 2019 AjinomotoAjinomoto GroupGroup IntegratedIntegrated ReportReport 20192019 BUILDINGBUILDING MOMENTUMMOMENTUM FORFOR CHANGECHANGE AjinomotoAjinomoto GroupGroup IntegratedIntegrated ReportReport 20192019 FrontFront CoverCover InquiriesInquiries TheThe frontfront covercover reflectsreflects howhow thethe AjinomotoAjinomoto GroupGroup isis AjinomotoAjinomoto Co.,Co., Inc.Inc. sustainablysustainably growinggrowing throughthrough ongoingongoing innovationinnovation Address:Address: 15-1,15-1, KyobashiKyobashi 1-chome,1-chome, Chuo-ku,Chuo-ku, andand investmentinvestment inin itsits sixsix corecore businesses.businesses. TokyoTokyo 104-8315,104-8315, JapanJapan GlobalGlobal CommunicationsCommunications DepartmentDepartment E-mail:E-mail: [email protected][email protected] URL:URL: https://www.ajinomoto.com/en/activity/https://www.ajinomoto.com/en/activity/ InvestorInvestor Relations,Relations, GlobalGlobal FinanceFinance DepartmentDepartment E-mail:E-mail: [email protected][email protected] AjiPandaAjiPanda®® isis UnauthorizedUnauthorized copyingcopying oror reproductionreproduction ofof thisthis documentdocument isis prohibited.prohibited. thethe charactercharacter ofof ©Ajinomoto©Ajinomoto Co.,Co., Inc.Inc. 20192019 URL:URL: https://www.ajinomoto.com/en/ir/https://www.ajinomoto.com/en/ir/ AjinomotoAjinomoto Co.,Co., Inc.Inc. What the Ajinomoto Group Aims for Contents Editorial Policy This integrated report provides a roadmap of the Ajinomoto Group (“the To realize greater wellness for people all around Introduction Group”) for enhancing corporate value through ASV with the aim of the world through amino science — this is the becoming a Genuine Global Specialty Company in an easy-to-read The Ajinomoto Group Now 3 Ajinomoto Group’s promise to our customers. narrative format. The Ajinomoto Group Story 5 Through this report, the Group hopes to deepen the understanding of all of its stakeholders, starting with shareholders and other investors, Amino science is our unique scientific approach, regarding its approach to realizing sustainable growth. enabling us to pursue the infinite possibilities of Opening Message from the President and CEO 7 In addition, the sustainability data book provides information that complements the integrated report by each materiality item. Also, more amino acids and provide products and services detailed information is available on the corporate website. that support the health of the body and mind. Our Essence The Path to Sustainable Growth through ASV We will continue to take on new challenges to ASV Overview 10 make every day more comfortable and delicious. Materiality of the Ajinomoto Group 11 Overview of Means of Communication Integrated Targets for FY2020 13 Primary means of communication •Integrated Report Our Vision https://www.ajinomoto.com/en/activity/ Becoming a Genuine Global Specialty Company Interview with the President and CEO 15 Our Philosophy Message from the Corporate Vice President in Charge of Finance 21 Secondary means of communication •Sustainability Data Book Corporate Message https://www.ajinomoto.com/en/activity/ Our Strategy Date of publication: End of August 2019 Eat Well, Live Well. •IR Data Book Ajinomoto Group Strategies to Become a https://www.ajinomoto.com/en/ir/library/guide.html Global Top 10 Class Food Company Date of publication: End of June 2019 FY2018 Consolidated Performance Review 26 Our raison d’être, mission, and desire as a •Financial Report Overview of FY2018 company that we will pursue persistently https://www.ajinomoto.com/en/ir/library/report.html Financial Results by Segment 27 Our mission is to contribute to the world’s food Date of publication: End of June 2019 Ajinomoto Group Mission and wellness, and to better lives for the future FY2019 Growth Strategy by Segment 29 (Mission) •Ajinomoto Principle on Corporate Governance Measures to Enhance Corporate Brand Value (1) https://www.ajinomoto.com/en/ir/strategy/corp_gov/main/0/teaserItems1/ World Umami Forum 41 03/linkList/03/link/principle_E.pdf Measures to Enhance Corporate Brand Value (2) Date of publication: End of June 2019 Initiatives to Improve Nutrition 43 •Corporate Governance Report What we aim to be as we pursue our mission Building an Agile R&D Organization 44 https://www.ajinomoto.com/en/ir/strategy/corp_gov/main/0/teaserItems1/ 03/linkList/04/link/Governance2019_E.pdf Our vision is to become a genuine global food Digital Strategy 45 Date of publication: July 2019 Ajinomoto Group Vision company group with specialties guided by our (Vision) leading-edge bioscience and fine chemical •Medium-Term Management Plan technologies https://www.ajinomoto.com/en/ir/event/medium_term/main/03/ Our Foundation teaserItems1/0/linkList/0/link/17-19Presentation-E.pdf Date of publication: February 17, 2017 The Management Foundation Supporting ASV Initiatives to create both social and economic value Corporate Governance 48 in order to realize our mission and vision Talent for Realizing ASV 54 ASV ASV represents our unchanging commitment: (The Ajinomoto Group Creating Shared Value) With our stakeholders and businesses, we help Sustainable Materials Sourcing 57 Organizational Scope (Value) resolve society’s issues, leading to the creation Response to Climate Change 58 This report covers the activities of the Group, comprising, unless otherwise noted, Ajinomoto of economic value Co., Inc. (“the Company”) and its group companies (as of March 31, 2019), including Contributing to a Circular Economy 59 consolidated subsidiaries and other group companies subject to reporting under the equity Shared values among employees in pursuing our method. Where sufficient information for the entire Group was unavailable, the limitation in scope is explicitly defined. mission and vision; basic approach and stance in Period Covered by This Report taking on our work Performance Data 60 Fiscal 2018 (April 1, 2018 to March 31, 2019) Ajinomoto Group Way • Create New Value • Pioneer Spirit When appropriate, however, exceptions to this general rule are made, as when citing past Global Network 63 circumstances and data or using recent examples for illustration purposes. • Social Contribution • Value People Corporate Data / Precautions Related to Forward-Looking Statements Forward-looking statements, such as business performance forecasts, made in this report are Beliefs and behaviors to be upheld by each Stock Information / External Evaluations 65 based on management’s estimates, assumptions and projections at the time of publication Ajinomoto Group Policies (AGP) Ajinomoto Group company and each of us who and do not represent a commitment from the Company that they will be achieved. A number Stock Performance 66 works there of factors could cause actual results to differ materially from expectations. Ajinomoto Group 01 Integrated Report 2019 What the Ajinomoto Group Aims for Contents Editorial Policy This integrated report provides a roadmap of the Ajinomoto Group (“the To realize greater wellness for people all around Introduction Group”) for enhancing corporate value through ASV with the aim of the world through amino science — this is the becoming a Genuine Global Specialty Company in an easy-to-read The Ajinomoto Group Now 3 Ajinomoto Group’s promise to our customers. narrative format. The Ajinomoto Group Story 5 Through this report, the Group hopes to deepen the understanding of all of its stakeholders, starting with shareholders and other investors, Amino science is our unique scientific approach, regarding its approach to realizing sustainable growth. enabling us to pursue the infinite possibilities of Opening Message from the President and CEO 7 In addition, the sustainability data book provides information that complements the integrated report by each materiality item. Also, more amino acids and provide products and services detailed information is available on the corporate website. that support the health of the body and mind. Our Essence The Path to Sustainable Growth through ASV We will continue to take on new challenges to ASV Overview 10 Overview of Means of Communication make every day more comfortable and delicious. Materiality of the Ajinomoto Group 11 Integrated Targets for FY2020 13 Primary means of communication •Integrated Report Our Vision https://www.ajinomoto.com/en/activity/ Becoming a Genuine Global Specialty Company Interview with the President and CEO 15 Our Philosophy Message from the Corporate Vice President in Charge of Finance 21 Secondary means of communication •Sustainability Data Book Corporate Message https://www.ajinomoto.com/en/activity/ Our Strategy Date of publication: End of August 2019 Eat Well, Live Well. •IR Data Book Ajinomoto Group Strategies to Become a https://www.ajinomoto.com/en/ir/library/guide.html Global Top 10 Class Food Company Date of publication: End of June 2019 FY2018 Consolidated Performance Review 26 Our raison d’être, mission, and desire as a •Financial Report Overview of FY2018 company that we will pursue persistently https://www.ajinomoto.com/en/ir/library/report.html Financial Results by Segment 27 Our mission is to contribute to the world’s food Date of publication: End of June 2019 Ajinomoto Group Mission and wellness, and to better lives for the future FY2019 Growth Strategy by Segment 29 (Mission) •Ajinomoto Principle on Corporate Governance Measures to Enhance Corporate Brand Value (1) https://www.ajinomoto.com/en/ir/strategy/corp_gov/main/0/teaserItems1/ World