Ajinomoto Company Inc. http://www.alacrastore.com/company-snapshot/Ajinomoto_Company_Inc-1000365 Saturday, July 26, 2008 4:39:30 AM 1000365 Ajinomoto Company Inc. en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/moodys/PR_153956_703800moodys/PR_153956_703800htmlGlobal Credit Research Announcement ## APR #### Announcement: Snow Brand Milk Products Co., Ltd. Moody's report: Negative outlook for the Japanese Food Industry Tokyo, April ##, #### -- Moody's Investors Services notes in a new report...4/26/2008 12:23:08 AMhtmlSnow Brand Milk Products Co., Ltd.Morinaga Milk Industry Co., Ltd.Nippon Meat Packers, Inc.Nichirei CorporationItoham Foods Inc.Marudai Food Co., Ltd.Ajinomoto Co., Inc.Ajinomoto Co., Inc.; Itoham Foods Inc.; Marudai Food Co., Ltd.; ...70380051518525272519239817390016170150.0000NewsAnnouncementPR_153956_703800Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/COP_16170moodys/COP_16170htmlCredit Opinion1/4/2008 2:19:45 AMGlobal Credit Research Credit Opinion # OCT #### Credit Opinion: Ajinomoto Co., Inc. Ajinomoto Co., Inc. Tokyo, Japan Ratings Category Moody's Rating Outlook Stable Senior Unsecured -Dom Curr Aa# Contacts Analyst Phone Mina Sawamura/Tokyo...Ajinomoto Co., Inc.16170150.0000NewshtmlAjinomoto Co., Inc.COP_16170Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_141596_820338547moodys/PR_141596_820338547htmlRating Action10/3/2007 12:19:44 AMGlobal Credit Research Rating Action # OCT #### Rating Action: CALPIS Co., LTD. Moody's upgrades Ajinomoto to Aa#; outlook stable Tokyo, October ##, #### -- Moody's Investors Service has upgraded the senior unsecured debt ratings of...CALPIS Co., LTD.820338547150.0000Newshtml16170Ajinomoto Co., Inc.Ajinomoto Co., Inc.; CALPIS Co., LTD.PR_141596_820338547Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_140320_755775moodys/PR_140320_755775htmlAnnouncement9/7/2007 12:19:48 AMGlobal Credit Research Announcement # SEP #### Announcement: Toyo Suisan Kaisha Limited Moody's says Japan's food companies outlook stable despite cost pressure Tokyo, September ##, #### -- Despite production cost increases leading...Toyo Suisan Kaisha Limited755775150.0000Newshtml600014093Kikkoman Corporation2527Nippon Meat Packers, Inc.2519Nichirei Corporation2398Itoham Foods Inc.173900Marudai Food Co., Ltd.16170Ajinomoto Co., Inc.Ajinomoto Co., Inc.; Itoham Foods Inc.; Kikkoman Corporation; ...PR_140320_755775Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/598802spcred/598802normThe latest Full Report from S&P8/30/2007 4:28:08 AMFull Report400global598802JapanPackaged Foods & MeatsAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsConsumer ProductsFull ReportStable earnings from diversified profit sources Established global market position in amino acid-based seasonings and sweeteners Established growth strategies Sound financial profile despite active capital investment plans Low profitability relative to the rating Earnings in the feed-use amino acids business remain volatile Ajinomoto Co. Inc. is the largest food product manufacturer in Japan backed by its solid technological and product development capabilities, and brand strength. The company maintains its strong cost competitiveness through its domestic and overseas R&D, and production network. Ajinomoto has superior fermentation and refining technologies, and boasts strong global market shares in a number of its main products. In feed-use amino acids, Ajinomoto has about 30% market share of the Lysine market, about 60% of the ThreonineJPN00970730202030 302020 3020 30Ajinomoto Co. Inc.108517ASIAEUROMIDAFRUSA2802@JPFULLGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/598803spcred/598803normThe latest Summary from S&P8/30/2007 4:28:08 AMSummary175global598803JapanPackaged Foods & MeatsAsiaEurope, Middle East, AfricaUnited StatesGlobal IssuersCorporationsConsumer ProductsSummaryAjinomoto Co. Inc. is the largest food product manufacturer in Japan backed by its solid technological and product development capabilities, and brand strength. The company maintains its strong cost competitiveness through its domestic and overseas R&D, and production network. Ajinomoto has superior fermentation and refining technologies, and boasts strong global market shares in a number of its main products. In feed-use amino acids, Ajinomoto has about 30% market share of the Lysine market, about 60% of the Threonine market, and about 80% of the Tryptophan market. In sweeteners, it has a 45%-50% share of the Aspartame market. Ajinomoto has a stable earnings base, backed by business and geographical diversification through expansion of its overseas business, and further development of aJPN00970730202030 302020 3020 30Ajinomoto Co. Inc.108517ASIAEUROMIDAFRUSA2802@JPSUMMARYGLOBISSCORPConsumerCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_139945_16170moodys/PR_139945_16170htmlRating Action8/29/2007 12:20:11 AMGlobal Credit Research Rating Action ## AUG #### Rating Action: Ajinomoto Co., Inc. Moody's reviews Ajinomoto's A# rating for possible upgrade Tokyo, August ##, #### -- Moody's Investors Service has placed the A# senior unsecured debt...Ajinomoto Co., Inc.16170150.0000NewshtmlAjinomoto Co., Inc.PR_139945_16170Credit & Investment ResearchMoody's Global Credit Research