TOKYO, May 10, 2018 – Ajinomoto Co., Inc. (“Ajinomoto Co.”) announces the resolution made at a board of directors meeting held today on matters pertaining to a share repurchase based on the provisions of Article 156 of the Companies Act as applied pursuant to the provisions of Article 165-3 of the same law, as outlined below.
1. Reason for Conducting the Share Repurchase
The purpose is to increase the level of shareholder returns and improve capital efficiency.
2. Details of the Repurchase
For reference (as of March 31, 2018)
Total number of shares outstanding (excluding treasury stock): 568,863,328
Number of shares of treasury stock: 3,000,026
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 35 countries and regions, Ajinomoto Co. had net sales of JPY 1,150.2 billion (USD 10.36 billion) in fiscal 2017. For more about Ajinomoto Co. (TYO: 2802), visit www.ajinomoto.com.
For further information, please contact:
Ajinomoto Co., Inc. Public Communications Department; email@example.com