FY2014-2016 Medium-Term Management Plan
A Second Stage of Structural Reforms, then Onward to Growth
-Towards a Genuine Global Specialty Company-

from the beginning

FY2014-2016 Medium-Term Management Plan A Second Stage of Structural Reforms, then Onward to Growth -Towards a Genuine Global Specialty Company-

presenter :

Masatoshi Ito
President & CEO

• Contents

I. Positioning of the next medium-term management plan

• Review of the FY2011-2013 Medium-Term Management Plan

• Issues and business opportunities for the next Medium-Term Management Plan

• Ajinomoto's targets for the next plan

• Targeted composition of operating income

• Breakdown of growth in operating income

• Roadmap to a Genuine Global Specialty Company

II. Medium-term management plan: Key principles

• Key Principles of the FY2014-2016 Medium-Term Management Plan

• Pursuit of specialty

• Our Business Direction

• [Reference] Business overview and specialties in each business domain

• ASV ( "The Ajinomoto Group Creating Shared Value" )

III. Key strategies

• "Open New Sky" concept

• Growth drivers: Global growth (1) Domestic Food Products for ONE (Assimilation with customers)

• Growth drivers: Global growth (2) Overseas Food Products for ALL (regional/country assimilation)

• Growth drivers: R&D leadership (1) key principles

• Growth drivers: R&D leadership (2) World's No.1 in seasonings

• Growth drivers: R&D leadership (3) Cutting-edge biotechnology platform

Growth drivers: R&D leadership (3) Cutting-edge biotechnology platform

• Business structure reinforcement: Structural reform centered on a shift from commodities to specialty businesses (1)

• Business structure reinforcement: Structural reform centered on a shift from commodities to specialty businesses (2)

• Business structure reinforcement: Further raise capital efficiency to boost shareholder value/ROE

• Management foundation reinforcement: Corporate governance/Solid and large class of global human resources

IV. Corporate financial strategy

• Financial strategy

IV. Summary

• Strategic targets

• Targets by business: Sales/Operating income

FY2014-2016 Medium-Term Management Plan Structural reform of businesses with issues

presenter :

Yoichiro Togashi
President & CEO
AJINOMOTO ANIMAL NUTRITION GROUP, Inc.

• Review of the FY2011-2013 Medium-Term Management Plan and our understanding of issues

• Outline of structural reform strategy (1) Shift to specialty

• Outline of structural reform strategy (2) Open New Sky/Production restructuring

• Targets of Next Medium-Term Management Plan

Review of the FY2011-2013 Medium-Term Management Plan and our understanding of issues

presenter :

Takashi Nagamachi
President & CEO
AJINOMOTO PHARMACEUTICALS CO., LTD.

• Basic policies

• Measures to resolve issues: Structural reform of R&D and strengthening the earnings structure

• Targets of Next Medium-Term Management Plan

Reference Materials

• Strategies by Business: (1) Domestic Food Products(slide only)

• Strategies by Business: (2) Overseas Food Products(slide only)

• Strategies by Business: (3) Bioscience Products and Fine Chemicals(slide only)

• Strategies by Business: (4) Pharmaceuticals(slide only)

• Strategies by Business: (5) Others(slide only)

• Assumptions for this Medium-Term Management Plan(slide only)

• Eat Well, Live Well.(slide only)

• Eat Well, Live Well.(slide only)