TOKYO, October 30, 2015– Ajinomoto Co., Inc. (“Ajinomoto Co.”) completed the transfer of all of its equity in NISSIN-AJINOMOTO ALIMENTOS LTDA. (“NA”), an instant noodle joint venture company with Nissin Foods Holdings Co., Ltd. (“Nissin Foods HD”), to Nissin Foods HD’s Brazilian subsidiary NISSIN TECHNOLOGY ALIMENTOS DO BRASIL LTDA. (“Nissin TA”) on October 30, 2015.
Completion of Transfer of All Equity The transfer price is JPY 32.5 billion, and as a result Ajinomoto Co. expects to record an extraordinary gain of around JPY 25.0 billion. This gain was incorporated in the most recent consolidated performance forecast for the fiscal year ending March 31, 2016, which was announced on August 27, 2015 in “Revision to Consolidated Performance Forecast for the Fiscal Year Ending March 31, 2016.”
Transferee
Overview of NISSIN TECHNOLOGY ALIMENTOS DO BRASIL LTDA.
Reference About Ajinomoto Co.
Ajinomoto Co. is a global manufacturer of high-quality seasonings, processed foods, beverages, amino acids, pharmaceuticals and specialty chemicals. For many decades Ajinomoto Co. has contributed to food culture and human health through wide-ranging application of amino acid technologies. Today, the company is becoming increasingly involved with solutions for improved food resources, human health and global sustainability. Founded in 1909 and now operating in 26 countries and regions, Ajinomoto Co. had net sales of JPY 1,006.6 billion (USD 9.17 billion) in fiscal 2014. For more about Ajinomoto Co. (TYO: 2802), visit www.ajinomoto.com.
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