Increase in Sales and Decrease in Operating Income for the Fiscal Year Ended March 31, 2008 　　　・ Operating Income 60.5 Billion Yen (a 5% decrease from previous fiscal year) 　　　・ Net Income 28.2 Billion Yen (a 7% decrease from previous fiscal year) Full-year Dividend of 16 Yen per Share Planned, a 1 Yen Increase from Previous Fiscal Year

May 9, 2008 − Ajinomoto Co., Inc. (Ajinomoto; President & CEO: Norio Yamaguchi; Headquarters: Tokyo, Japan) today announced its results for the fiscal year ended March 31, 2008, as outlined in the following tables. On a consolidated basis, net sales were 1,216.5 billion yen (a 5% increase from the previous fiscal year), operating income was 60.5 billion yen (a 5% decrease), ordinary income was 55.7 billion yen (a 9% decrease) and net income was 28.2 billion yen (a 7% decrease).

(Billions of yen unless otherwise noted; figures rounded down)

Note: Figures in parentheses are negative. Figures in brackets are previously announced targets. Consolidated Segment Information (Billions of yen unless otherwise noted; figures rounded down) Note: Figures in parentheses are negative. 　In the domestic food products business, sales increased slightly compared with the previous fiscal year due to making Calpis Co., Ltd. a wholly owned subsidiary on October 1. 2007, the contribution of coffee products and other factors. However, operating income decreased substantially as a result of factors including a decline in sales of HON-DASHI and frozen foods, and rising raw material prices. Sales of HON-DASHI fell significantly, with a drop in sales volume from the effects of a change in pricing policy in tandem with a product renewal conducted in September 2007. Soup sales remained firm. Sales of Cook Do increased moderately compared with the previous fiscal year, and mayonnaise and mayonnaise-type dressings performed well with the contribution of Pure Select Low-Calorie Kokuuma Calorie 55% Cut, which was launched in August 2007. Sales of frozen food decreased due to the major impact on sales of Gyoza from an incident involving Chinese-manufactured frozen dumplings in January 2008. Sales of coffee products increased with the growth of both instant and regular coffees, and sales of beverages increased with the strong performance of CALPIS Water. 　In the overseas food products business, sales and income increased substantially, with strong growth in sales of umami seasoning AJI-NO-MOTO and flavor seasonings for household and restaurant use, as well as a favorable effect from currency exchange. umami seasoning AJI-NO-MOTO sales increased significantly in the countries of Asia and West Africa, and there was strong growth in sales of flavor seasonings in Asia and South America, and in sales of instant noodles and Birdy canned coffee in Asia. 　In the amino acids business, sales and income increased. Sales of feed-use amino acids increased substantially, with strong growth in sales of Lysine in Europe, North America and Asia. Sales of sweeteners rose substantially due to an increase in sales volume to manufacturers and expanded sales of Refresco MID, a powdered juice mix that contains aspartame, in South America. In specialty chemicals, insulation film for build-up printed wiring boards in computers sold well. 　In the pharmaceuticals business, among self-distributed products, sales of LIVACT, a branched-chain amino acid formula for the treatment of liver cirrhosis, ELENTAL, an elemental diet, and medical foods increased. Among products marketed through alliances, sales of calcium channel blocker antihypertensive ATELEC and osteoporosis treatment ACTONEL increased. However, this did not result in an increase in operating income due to receipt of a one-off payment for a drug for the treatment of diabetes in the previous fiscal year. For the fiscal year ending March 31, 2009, Ajinomoto forecasts consolidated net sales of 1,272.5-1,277.5 billion yen, operating income of 65.0-70.0 billion yen, ordinary income of 61.0-66.0 billion yen and net income of 30.0-33.0 billion yen. This forecast assumes a U.S. dollar/yen exchange rate of 100 yen. 　Ajinomoto plans to pay a year-end dividend of 16 yen per share for the fiscal year ending March 31, 2009, the same amount as the previous fiscal year. For further information please contact: Ajinomoto Co., Inc. CSR & Corporate Communications Department; Tel: +81-3- 5250-8180

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