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Incorporated in 1961, Ajinomoto (Malaysia) Bhd is (Ajinomoto) is amongst the earliest Japanese companies to set up its operations in Malaysia. It started off as a distributor of monosodium glutamate (MSG) under the Ajinomoto brand.
Subsequently, in 1965, Ajinomoto started to manufacture MSG and soon after, many related products such as flavour seasoning ‘Tumix’, menu seasoning ‘Seri Aji’, and industrial seasoning in its current facility at Jalan Kuchai Lama, in Kuala Lumpur. Presently, as at 4 January 2019, Ajinomoto is worth RM 1.13 billion in market capitalization, a multiple of 5 – 6 times from RM 170 million in 2009.
So, what made shareholders of Ajinomoto rich?
In this article, I’ll revisit its fundamentals and bring you an update on its recent financial results. It would answer why its shareholders have built wealth for the long-term and how we should approach stock investing in 2019 and beyond.