Ajinomoto forecasts lower earnings

The state of the yen will have an impact on the earnings forecase for Japanese sweetener and food company Ajinomoto. It expects a net loss of JPY10.23bn, which it said is in line with its previous outlook.

Net sales are also expected to be slightly lower due to the negative impact of currency translation, however, operating income and ordinary income are projected to reach the previous forecast. The company’s operating income is expected to improve slightly to JPY40.8m from a previous forecast of JPY40m.