Goldman Sachs 2026-06-21

Ajinomoto (2802.T) Raising target price to reflect strong ABF demand outlook; maintain Buy

Report Coverage

Broker
Goldman Sachs
Region
Japan
Sector
Semiconductors
Report Type
Market Report
Primary Focus
Ajinomoto (2802.T) Raising target price to reflect strong ABF demand outlook; maintain Buy

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Report Summary

(Ymn) GSE GSE GSE GSE GSE GSE GSE CoE FY3/26 FY3/27 FY3/28 FY3/29 FY3/27 FY Q1 Q2 Q3 Q4 FY FY FY FY Sales 1,583,719 391,700 406,900 453,300 464,300 1,716,200 1,837,200 1,956,700 1,723,000 YoY 3.5% 7.6% 8.5% 6.6% 10.7% 7.4% 7.1% 6.5% 8.8% Business profits 181,163 52,600 50,500 66,800 46,600 216,500 254,200 293,000 197,000 YoY 13.7% 11.4% 27.8% 12.8% 32.5%

Key Takeaways

  • T 12m Price Target: ¥6,500 Price: ¥5,765 Upside: 12.7% BUY
  • T relative to Japan Coverage
  • T relative to Japan Consumer Products
  • T (¥) TOPIX Accounts payable 304.0 329.4 352.6 375.5
  • YoY 8.8% 8.4% 7.1% 6.5% 7.9% 5.9% 6.4% 7.1% 6.1% 5.6%
  • New/Old 1.2% 2.1% 3.0%

Why This Report Matters

Goldman Sachs's 11-page analysis on "Ajinomoto (2802.T) Raising target price to reflect strong ABF demand outlook; maintain Buy" provides institutional-grade insights for investors and professionals seeking to understand current market dynamics and investment implications in this space.

Topics Covered

semiconductors EV Consumer profit M&A

Companies Mentioned

Equity Research June Ajinomoto Raising Buy Price Target Price Upside

Who this summary is for

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