Ajinomoto (Malaysia) Berhad set up its business in Malaysia in 1961 and subsequently listed on the stock exchange in 1968. It produces and distributes monosodium glutamate and food seasoning products like chicken stock and pepper under various brand including AJI-NO-MOTO®, Seri-Aji®, and AJI-SHIO®. It has two business segments, namely the consumer segment (that targets the general public and the food service sector) and the industrial segment. Its customers from the industrial business segment are typically food manufacturing players that produce processed foods like instant noodle, soup, and sauce. Here are five things I learned from the 2o21 Ajinomoto Malaysia AGM. 1. Revenue decreased 4.0% year-on-year to RM443.1 million in 2021 because of lower sales volume recorded in the consumer business segment in both domestic and export markets. Net profit excluding non-operating items suffered a larger year-on-year decline at 10.1% to RM46.5 million due to lower revenue and higher advertising expenses....