Review of Operations
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Ajinomoto Co., Inc. and Consolidated Subsidiaries
Years ended March 31, 2002 and 2001

  Millions of Yen Thousands of
U.S. Dollars
Percent
Change
 
  2002 2001 2002 2002/2001

Business Segments
 Net sales                
   Food Products ¥636,201   ¥622,001   $4,783,466   2.3  %
   Fine Chemicals 215,708   188,421   1,621,865   14.5  
   Other Businesses 91,629   98,106   688,940   (6.6 )
               
 Operating Income              
   Food Products ¥ 21,485   ¥ 23,629   $  161,541   (9.1 )%
   Fine Chemicals 22,491   10,998   169,105   104.5  
   Other Businesses 4,827   3,405   36,293   41.8  
   Eliminations 210   (227 ) 1,579   N.A.  
 
Geographical Segments
 Net Sales                
   Japan ¥716,774   ¥716,294   $5,389,278   0.1  %
   Asia 87,836   70,527   660,421   24.5  
   Americas 56,598   50,224   425,549   12.5  
   Europe 82,329   71,482   619,015   15.2  
 
 Operating Income                
   Japan ¥ 26,606   ¥ 25,096   $  200,045   6.0  %
   Asia 11,209   8,822   84,278   27.1  
   Americas 3,077   1,252   23,135   145.8  
   Europe 8,120   2,634   61,053   208.3  

Notes:   U.S. dollar amounts represent translations of yen, for convenience only, at ¥133=US$1, the approximate rate prevailing on March 31, 2002.
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Graph: Composition of Net Sales by Business
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Graph: Composition of Net Sales by Region
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Graph: Net Sales (left)/Operating Income (right)
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© 2002 AJINOMOTO Co., Inc. All rights reserved.