Ajinomoto Co., Inc. Announces
Revision of Dividend Forecast
TOKYO, March 27, 2015 - Ajinomoto Co., Inc. (“Ajinomoto Co.”) announces that its Board of Directors resolved at a meeting held today to revise the forecast of annual dividends for the fiscal year ending March 31, 2015, as follows.

1. Reason for the Dividend Forecast Revision
In its FY2014-2016 Medium-Term Management Plan, Ajinomoto Co. has set a target payout ratio of 30% under a basic principle of continuous and stable dividends, taking into consideration its consolidated earnings from a medium-to-long-term management perspective.

Based on the above principle and after comprehensive consideration of its full-year performance forecast, current financial condition and other factors, Ajinomoto Co. has set a year-end dividend of JPY 14 per share for the fiscal year ending March 31, 2015 to facilitate shareholder returns. This amount is an increase of JPY 2 from the previous forecast of JPY 12 per share, which was announced on November 6, 2014. As a result, Ajinomoto Co. plans to pay annual dividends for the fiscal year ending March 31, 2015 of JPY 24 per share, including the interim dividend of JPY 10 per share.

The above plan is subject to approval at Ajinomoto Co.’s 137th Annual General Meeting of Shareholders, which is scheduled to be held in late June 2015.

2. Details of the Revision(JPY)
Annual Dividends
First Quarter Interim Third Quarter Year-end Total
Previous forecast
(Announced
November 6, 2014)
12.00 22.00
Revised forecast 14.00 24.00
Actual (Fiscal year ending March 31, 2015) 10.00
Actual (Fiscal year ended March 31, 2014) 10.00 10.00 20.00
Note: The above dividend forecast is based on Ajinomoto Co.’s estimates, assumptions and projections. A number of factors could cause actual dividends to differ from the above forecast.

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 consolidated net sales of JPY 991.3 billion (USD 11.0 billion) in fiscal 2013. For more about Ajinomoto Co. (TYO: 2802), visit www.ajinomoto.com.

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