Ajinomoto Co., Inc.
FY2017-2019 (for FY2020)Medium-Term Management Plan
"Sustainable Growth through ASV"

■Ajinomoto Group: What We Aim for
We will accomplish our Mission by engaging in businesses that embrace our ASV
Continue "FIT & GROW with Specialty" to become a global top 10 class company
To become a global top 10 class company that grows sustainably through ASV
Contribute to resolve social issues with our businesses, leading to economic value and sustained growth
Achieve value creation by setting integrated targets for both social and economic values
Become a global top 10 class company with robust business structure

■Key Principles
Grow through two business pillars of Food Products and AminoScience with specialties
Enhance capital and asset efficiency by focusing investments on the areas of growth
Allocate resources to support strategies for stronger regional and business portfolios
Generate cash flow, invest for growth and provide stable shareholder returns

■Key Strategies
Shift Fundamentally from Commodities to Specialties
Construct Sustainable Value Chains across Businesses
Ensure Food Business Growth with Stronger Regional Portfolio
Expand Business Portfolio with New Business Pillars
Management Innovation: Reinforcement of Management Foundation

■Enhancing Corporate Brand
Enhance brand value through corporate brand management