We create better lives globally by contributing to significantadvances in Food and Health and by working for Life.

Our productsall over

the world

Feed-use Amino Acids

Co-products (such as fertilizers)

Foods / Beverages

Creating a food-future good for people,good for the earth.

Good eating = Green eatingOur Solution for the Future We Want

The history of the Ajinomoto Group started 103 years ago with the discovery of umami.

Now we conduct business globally in a range of fields strongly associated with li fe, including foods, amino acids, bioscience products and fine chemicals, pharmaceuticals and healthcare.

We will contribute to the solution of problems faced by humankind in the 21st century through our business operations.

Corporate Vision ofthe Ajinomoto Group

Create “New Value”

Display “Pioneer Spirit”

“To create good, affordableseasonings and turn simple butnutritious fare into delicacies.”

—Dr. Kikunae Ikeda,My Motivation for Inventing AJI-NO-MOTO®.

Dr. Kikunae IkedaDiscoverer of

the umami taste

Saburosuke Suzuki II Founder of the Ajinomoto Group

Umami was discovered by Dr. Kikunae Ikeda, who had

the strong desire to "improve the nutrition of

Japanese people"

Saburosuke Suzuki II began selling AJI-NO-MOTO®, the world's first umami seasoning

1908 1909

103years

The Ajinomoto Group has sales in 130 countries, operating in 26 countries and has 105 plants around the world.The total number of employees is almost 30,000 and about 60% of them work outside Japan.

Amino acids

To become a group of health-promoting companies with a scientific approach to good taste and health

To become a global group of Amino Science companies that contributes to humankind with the world’s No. 1 amino acid technology

To become a global group of food companies centered on the world’s No. 1 seasoning business

Resolve issues for 21st century human societythrough our businesses

Global Sustainability Food Resources Healthy Living

Optimize environmentand natural resources

Utilize non-ediblematerials

Address under and over nutritionAdopt to aging society trends

Foods

Bio-finePharmaceuticalsand Health

130countries

Having sales in 105Having

plants

30,000employees

From Japan to the World

Creating a food-future good for people, good for the earth.

*1. Fourth Assessment Report of Working Group 1 of the Intergovernmental Panel on Climate Change (IPCC)

Global Sustainability

+4.0°CWorld’s

temperature

A rise in the world’s temperature over the next 100 years or so is predicted based on the assumption that world economic growth will continue based on intensive use of fossil fuels*1.

8.3 billion8.3 billion8.3 billionpeople will be living on the earthpeople will be living on the earthpeople will be living on the earth

Urgent problems faced by the global community The food supply-demand balance is becoming lost.This loss of balance will make it difficult to achieve sustainable growth and eradicate poverty.

1:1.51:1.51:1.5Our Ecological Footprint compare tothe earth’s biocapacityOur Ecological Footprint compare tothe earth’s biocapacityOur Ecological Footprint compare tothe earth’s biocapacity

Mankind The earth

1:21:21:2Our Ecological Footprint compare tothe earth’s biocapacityOur Ecological Footprint compare tothe earth’s biocapacityOur Ecological Footprint compare tothe earth’s biocapacity

Mankind The earth7 billion7 billion7 billionpeople are living on the earthpeople are living on the earthpeople are living on the earth

*WWF Living Planet Report 2010*UN, World Population Prospects: The 2010 Revision

At present, the worldhas the population of 7 billion people and we are already facing stringency in thesupply of resources.

The world in 2030will have a population of 8.3 billion people, who will impose an even greater loadon the global environment.

Food Resources

*2. Agricultural Outlook 2009-2018, OECD-FAO

+70%Food production

An additional 70% food production increase is projected in 2050 compared to the 2005 level*2.

Healthy Living

1 billionpeople

1.5 billionpeople

*3. Agricultural Outlook 2010-2019, OECD-FAO*4. Fact Sheet No. 311, WHO

World population suffering from undernourishment*3

Overweight adults, aged 20 and older, with a BMI of over 25*4

Why We Need to Take Action

Food isn't just about flavor, or balanced nutrition.By changing how we eat, we can make people—and the planet—healthy.

This is our vision for a new food-future.It's why we believe Good eating = Green eating.

We will endeavor to maintain the soundness of natural capital through innovations in our manufactur ing processes and through ecological surveys and research.

Protecting and nurturingnatural resources

We deem it as the basis of our business to repeat the cycle of making the best use of resources and recycl ing t hem for t he growth of new lives.

Making the best use ofresources and recycling

We aim to improve our society by making both our product manufacturing processes and the entire lifecycles of our business and products more carbon-neutral.

Achievinglow-carbonbusiness and society

We are delivering environmentally friendly products to societ y and people’s dining tables while making proposals for bet ter health and medical care.

Providing asustainable lifestyle through our products and services

Our Approach toward Green Economy

From production, to cooking, to eating.Change how 7 billion people eat, and the whole world changes.

It is time to move from a model of food as a resource unilaterally taken from the earth,to one that involves giving back to nature that in turn rewards us with even greater bounty.Over the 103 years since the company was launched with the discovery of 'umami',we have accumulated wide-ranging expertise and technologies involving food and amino acids,the building blocks of life.With our expertise, we can create a circle of life where people and other life on the earthsupport each other, contributing to global sustainability, stable food resources and healthy living.

This is the Green Economy the Ajinomoto Group is working to achieve.

Our Solution for the Future We Want

We can solve food-related problemsfor the sound future of people and the earth.

Joint Tagging Survey into Pacific Coast SkipjackIn order to monitor and deepen understanding of skipjack stock, which represents the raw material for HON-DASHI®, one of the main products of Ajinomoto in Japan, Ajinomoto Co., Inc. has been conducting the Joint Tagging Survey into Pacific Coast Skipjack with the National Research Institute of Far Seas Fisheries (NRIFSF) since fiscal 2009. For sustainable fisheries, we think it is important to obtain basic data about skipjack for deeper understanding of the stock and also to provide fisheries stakeholders with information about the changes to the stock.

Monitoring MarineResources

Grow th level o f microalgae in water areas where the Environmental Vitalizing Concrete was installed as compared with the growth of microalgae in ordinary water areas

5-10xfaster microalgae growth

Environmental Vitalizing ConcreteThe degradation of microalgae in turn leads to the degradation of marine ecosystems.Believing that amino acids can help vitalize water sources, we began conducting research to develop concrete containing amino acids. We call the concrete thus developed “Environmental Vitalizing Concrete,” and this works by releasing amino acids slowly in bodies of water. In experiments conducted on the concrete, it was confirmed that the concrete fostered growth of microalgae and attracted fish and shellfish.This organic concrete is expected to help improve the compatibili t y of natural and manmade objects, and now demonstrative experiments are under way in at least 20 locations in Japan.

Nurturing MarineResources

Fostering Growth

Feed-use Amino AcidsDemand for farmland has been increasing in line with rises in the world’s population. The development of new farmland, however, is often at the cost of deforestation and it is therefore essential to make more effective use of existing farmland.Part of soybean meal contained in conventional compound feed for livestock can be replaced with corn and feed-use amino acids provided by us without changing the nutritional balance of the feed.The yield of corn per unit of land is about three times higher than that of soybeans and so the replacement of soybean meal with corn will lead to more effective use of farmland.

More Efficient Use ofFarmland

Saving Farmland

If 50 tons of soybean meal contained in 1,000 tons of conventional high-protein feed is replaced with corn and feed-use lysine, 70% of farmland can be saved.

-70%farmland

Making the best use of resources and recycling

Protecting and nurturingnatural resources

Reduction of Waste

Resource recovery ratio at all the Ajinomoto Group production basesin fiscal 2010

We are working to control the generation of waste to ensure opt imum use of l imited resources. At the same t ime, we are committed to making full use of waste generated. To this end, we are fostering the recycling of Co-products and introducing new technologies to improve the efficiency of our amino acid production.

99.4%

ResourceRecovery

Ratio

Conservation of Water Resources

Per-unit volume of discharged water at all the Ajinomoto Groupproduction bases in fiscal 2010 (compared to fiscal 2002 levels)

In order to reduce the high concentration of nitrogen and high BOD levels in wastewater from our amino acid production bases, we are implementing measures to control pollutant sources and develop advanced treatment technologies. In addi t ion, we are s tr iv ing to reduce the use of water by developing water-saving processes.

-77%

WaterSaving

Reuse rate as the Co-products generated in the Ajinomoto Group’s amino acid production process100%

Nearly

Co-products: Returning the Benefits to Local Communities In our amino acid production process, nutrient-rich liquid is left over after extracting amino acids from the fermentation liquors. We regard this liquid as part of the precious bounty of the f ields. We call such by-products “Co-products,” which we process into value-added products such as fertilizers and feed.The fertilizers are used by local farmers to grow a range of plants, such as vegetables, sugar cane, corn, coffee, oranges, pineapples and gum trees. We are thus making the best use of materials for the growth of new lives.

Nurturing Riches ofthe Land

Reuse Rate

Bio-cycle: A Highly Resource-efficient Amino Acid ProductionThe Ajinomoto Group launched its business with a view to contributing to the health of people through the efficient production of glutamic acid (one of amino acids), which adds an umami taste to food. Glutamic acid is contained abundantly in kelp and tomatoes, but if these foodstuffs are used to mass-produce umami seasoning (e.g. AJI-NO-MOTO®), they could face depletion. To avoid this, we have made efforts in amino acids production over 100 years, in pursuit of highly resource-efficient fermentation method. Nowadays, as raw materials for amino acids, we use sugar cane, cassava and other plants that are readily available in the regions our amino acid production plants are located, and also process the Co-products generated in the production process into fertilizers and feed for the benefit of local communities. As a fundamental business philosophy, the Ajinomoto Group has been implementing this resource recycling-oriented amino acid production, which we call “Bio-cycle,” across the world for more than 30 years.

833xannual kelp production

Assuming that the annual production of AJI-NO-MOTO® is 500,000 tons and if all of this was made from kelp, the volume of kelp needed would be 833 times the yearly average of kelp produced in Japan.

200 million tons of tomatoes

Assuming that the annual production of AJI-NO-MOTO® is 500,000 tons and if all of this was made from tomatoes, 200 million tons of tomatoes would be needed.

Making Efficient Use ofNatural Resources

Resource Efficiency

The Ajinomoto Group’s basicconcept of business established

for the future of humanity and the Earth

Our Approach toward Green Economy

Feed-use Amino AcidsThere are amino acids that tend to be deficient in conventional livestock feed, and a deficiency of just one amino acid reduces the effectiveness of all the other amino acids and they end up being excreted as nitrogen compounds, which might burden soil and damage water quality. Moreover, part of the compound is emitted into the air as N2O, which contributes to global warming.We are helping the sound growth of livestock and the reduction of their environmental impact by providing feed-use amino acids to supplement deficient amino acids.

Spreading EnvironmentallyFriendly Livestock Farming

N2O Reduction Effects

The greenhouse effect of N2O is about 300 times that of CO2. The use of low-protein feed containing feed-use amino acids leads to a 30% reduction in the amount of nitrogen contained in animal waste.

-30%N2O emissions

AIN Programs Ajinomoto International Cooperation Network for Nutrition and Health

As a group of companies that contributes to global health, the Ajinomoto Group considers the improvement of nutrition in developing countries to be an important mission.On this basis, we launched the AIN program in 1999, the 90th anniversary of the company's founding. The AIN program solicits project applications from NGOs and NPOs based in countries around the world, and then gives financial support to the selected projects.In addition, Ajinomoto Co., Inc., together with the Ajinomoto Group companies in the country where the program is implemented, is supporting local education on nutrition. We have so far supported 59 projects in 12 countries.

The Ghana Nutrition Improvement ProjectIn Ghana, the traditional meal for infants in their weaning period is a porridge that is deficient in nutrition balance, and this food is a major cause for stunted growth among children in the country.To remedy this situation, we are developing food that can help improve infants’ nutrition by making use of our technologies and know-how on food processing and amino acid nutrition.We are fostering this project in cooperation with a range of partners, including three international NGOs and the Ghana Health Ser vice , wi th which we concluded a memorandum of understanding. At present, we are striving to launch the local production of the food, aiming to establish a social business model for nutrition improvement.

Prevention of Undernutrition

People Benefiting

Number of people benefiting from the AIN program (actual data for the period from 1999 to April 2012)80,000

people

Achieving low-carbon business and society

The Ajinomoto Group Zero Emissions PlanWith the aim of minimizing environmental impact from all the business fields, weimplement the plan with numerical targets for the Ajinomoto Group worldwide.

Reduction of CO2

Per-unit CO2 emissions from the Ajinomoto Group production sitesin fiscal 2010 (compared to fiscal 2002 levels)

Among the many environmental issues related to global sustainability, global warming and climate change present some of the most important challenges for people around the world. The Ajinomoto Group is working to reduce greenhouse gas emissions not just in the production process but across its business activities.

-43%

CO2

ReductionEffects

Introduction of Biomass BoilersIn addit ion to reducing our CO2 emissions by making innovations in the amino acid production process and making more effective use of resources, we are also implementing measures to utilize by-products as biomass energy.For example, we have introduced biomass boilers, which use bagasse as fuel, to our plants in Brazil. In Thailand, we are using biogas generated from the process of producing amino acid using cassava, and also fostering the use of rice husks, which are unused local resources, as fuel. We are thus launching unique local initiatives in each region.

Use of Biomass Energy

CO2 Emissions Reduction

Annual CO2 emission reductions achieved by the installation (and operation in fiscal 2012) of a biomass boiler at the Laranjal Paulista Plant in Brazil

24,000tCO2 reduction

Annual CO2 emission reductions expected to be achieved (in fiscal 2013) by the introduction (in 2008) of the equipment using biogas as fuel to the Kamphaeng Phet Plant in Thailand

16,800tCO2 reduction

Annual CO2 emission reductions achieved by the introduction of a boiler using rice husks as fuel to Kamphaeng Phet Plant in Thailand100,000t

CO2 reduction

Delicious and Satisfactory Dietary LifeExcessive nutrit ional intake, which could result in chronic diseases and obesity, is becoming a major social problem. In response, food ingredients containing less salt, less sugar and less fat have been developed, but we think that these ingredients lack good texture and flavor and are not delicious enough to satisfy eaters. In addition to developing more delicious ingredients, we have also launched joint research with a research institute of the U.S. Department of Agriculture to study how effectively umami in food helps reduce excessive calorie intake by satisfying appetite. We will continue to conduct activities to help people improve their health while enjoying their food.

Prevention of Overnutrition

Providing a sustainable lifestylethrough our products and services

Creating a food-futuregood for people,

good for the earth.

Good eating=Green eating

Helping People Improve Their Health through the Use ofa Wealth of Expertise on Amino Acids

The Ajinomoto Group, the history of which star ted with the discovery of umami, has developed into a globally unique corporate group that can make contributions in the fields of food, healthcare and pharmaceuticals capitalizing on its leading-edge amino science.We will continue to make contributions to the creation of a sustainable society by globally fostering our business in a range of fields that are strongly associated with life. We will continue taking on challenges for the benefit of all people who want to lead healthy lives and of the earth, which provides home to all creatures.

Continuing to Take ont ktinuing to TaChallenges to Contribute tottenges to Cont

the Future of Food forFuture of FPeople across the Worlds thtte across

To the Future—

8.3billion people

in2030

Amino Acids for Medical UseAmino acids play an essential role as nutrit ional supplements to pre-operation and post-operation patients and as materials to be used for the production of pharmaceuticals. Moreover we are fostering the application of amino acids for the development of drugs that control digestion, absorption, metabolism and excretion of food and nutrients.Based on “clinical nutrition” as represented by infusion solutions and food for medical use, we will provide unique products focusing on digestive disorders and metabolic diseases to help patients across the world increase their quality of life.

Helping People ImproveTheir Health

Share

The global market for high-quality amino acids, which are mainly used for pharmaceuticals, is estimated at over 24,000 metric tons annually, and the Ajinomoto Group holds the leading global share of approximately 40 percent.

40%global share

Umami SeasoningsAJI-NO-MOTO®

Products allover the world

SeasoningsFoods

BeveragesFeed-use Amino Acids

Co-products (such as fertilizers)PharmaceuticalsFunctional foods

Cosmeticsetc.

1billionpeople

We aim to incr ease t he loyal users of the Ajinomoto Group’s products and services, including food, bioscience products and fine chemicals, pharmaceuticals and healthcare products, to 1 billion people by 2013.

LoyalUsers

Eco-living Starting from the KitchenWhile implementing measures to develop eco-friendly products, including the use of environmentally friendly packaging materials, we introduce recipes and ideas for easy and waste-saving cooking to help people lead eco-friendly lives at their home.In Japan, we hold cooking classes for children and their parents, give commendations to elementary schools students who have summarized their food-related environmental activities in diaries, and solicit and introduce power-saving ideas and recipes that can be adopted by households via our website. We plan to implement these initiatives in other countries as well.

Supporting the Realizationof Eco-lifestyle

Since 1956, AJINOMOTO DO BRASIL dedicates itself to offering high quality products for retail, as well as supplies for food, cosmetics, pharmaceuticals, and animal nutrition, in the agribusiness and food service industries.

AJINOMOTO DO BRASIL operates over 5 businesses in Brazil:

AJINOMOTO DO BRASIL is based on the state of São Paulo, at five locations; the main office in São Paulo city, and four industrial plants located in the São Paulo countryside, specifically, in the cities of Limeira, Laranjal Paulista, Valparaiso and Pederneiras . The company has around 2,600 employees and attends to the domes t ic market as well as the foreign market.São Paulo is the most influential Brazilian city in the global scene in terms of cultural, economic and political aspects. The countryside is the most important region for the production of sugar cane, the main raw material used by all the company’s plants.

Business Operations

Our Sites

Over 50 years in BrazilFederativeRepublic ofBrazil

Laranjal Paulista

PederneirasLimeira

Valparaíso

São Paulo

Food Production and Sale ofProducts for Final Consumers

Food Ingredients

Animal Nutrition

Agribusiness

Focus on retail products for end consumers and Food Serviceproducts for professional use.

Production and sales of flavor enhancersand enzymes for the food industry.

Supply of feed-use amino acids, particularlyin feed formulation for swine and poultry.

Co-products generated in the production ofamino acids are processed into fertilizersthat are used in several types of plantations.

Amino ScienceSales of amino acids for miscellaneouspurposes, such as their application infoods, beverages, pharmaceuticalsand cosmetic products.

Advanced Bio-cycle Launchedat the Laranjal Paulista Plant

Raw sugar and molasses(sugar cane syrup)

Sugarproduction plant

Absorption of atmosphericCO2 by photosynthesis

Purchasing sugar cane(as part of raw materials)

Bagasse

Chemicalfertilizer

Raw sugar

Sugar cane

Boiler ashSyrup extracting

processBy-product

Organicfertilizer

Sun

MSG

Gas

CO2

Woodchips

Sugar cane fields

LaranjalPaulista Plant

HarvestHarvestHarvest

Our Challenges

AJIFOL® Feed-use amino acids Zero Emissions ActivitiesA foliar fertilizer developed in Brazil Supporting the livestock industry in Central and

South AmericaAdoption of MVR equipment

In June 2012, the Laranjal Paulista Plant in Brazil will renovate the Bio-cycle, which the Ajinomoto Group has established as a system for amino acid production.By using sugar cane not only as a material for amino acids but also as an energy source, the plant will further enhance the Bio-cycle to make it more carbon-neutral and make the best use of local resources.

The Ajinomoto Group developed AJIFOL® spray fertilizer by making adjustments to amino acids and minerals contained in co-products so that they will be effectively absorbed by plants through their leaves.This product is manufactured and sold mainly in South America and Southeast Asia. It is used on soybeans, vegetables, and fruit trees. Farmers have commented that the product has resulted in increased yield as well as the sound growth of plants.

The feed-use amino acid business has seen continued expansion, driven by increased consumption of meat in Asia and Central and South America, and the business has become one of the core businesses of the Ajinomoto Group. The amino acids the Ajinomoto Group is producing in Brazil are widely used in the Central and South American areas and are also exported to Europe and the United States.

Based on the Group-wide plan, we are also fostering Zero Emissions activities in Brazil.Our plants in Brazil use natural gas as fuel, and in order to increase their energy ef f iciency, we int roduced the mechanical vapor recompression (MVR) equipment to our major five plants in the country by 2008. At the plants, CO2 emissions have been reduced by about 50,000 tons compared with those before the equipment was in use.

-24,000 tCO2 emissions

-50,000 tCO2 emissions

Purchase sugar cane as part of raw materials (about 10% of the total) from contracted farmers in addition to raw sugar.Make use of bagasse and woodchips procured from outside as well as the bagasse generated from the factory ’s sugar cane syrup extraction equipment as fuel.Newly install a biomass boiler within the factory to supply about 70% of steam required by the entire factory from the boiler.The use of carbon-neutral biomass, which absorbs CO2, will help to reduce CO2 emissions substantially.

Features of the advanced Bio-cycle

Co-products such as the Ajifer® generated from by-product fermentation liquid and also ash remaining after the incineration of bagasse will be utilized as soil conditioners.

Protecting and nurturingnatural resources

Making the best use ofresources and recycling

Achievinglow-carbonbusiness and society

Providing a sustainable lifestylethrough our products and services

NEW

Sugar cane

BagasseWoodchips

Laranjal Paulista Plant

In Brazil

Corporate Overview Business Segments

Domestic FoodProducts

Overseas FoodProducts

Bioscience Products& Fine Chemicals

Pharmaceuticals

Business Tie-Ups

Others

AJI-NO-MOTO, HON-DASHI, Cook Do, soups, mayonnaise and mayonnaise-typedressings, PAL SWEET, amino VITAL, frozen foods, beverages, etc.

AJI-NO-MOTO, flavor seasonings, soups, instant noodles, beverages, Umamiseasonings for processed food manufacturers, etc.

aspartame, specialty chemicals, amino acids for feed-use, pharmaceutical-use,food-use, etc.

pharmaceuticals, medical foods

edible oils, coffee products

distribution, various services, etc.

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Company NameHead Office

FoundationEstablishmentPaid-in CapitalNet SalesOperating Income

Ajinomoto Co., Inc.15-1, Kyobashi 1-chome, Chuo-ku,Tokyo 104-8315, JapanMay 20, 1909December 17, 1925¥79,863 million (as of March 31, 2012)¥1,197.3 billion (FY 2011)¥72.6 billion (FY 2011)

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http://www.ajinomoto.com

For more information about our activities:Visit the website at http://www.ajinomoto.com/csr to see Ajinomoto Group CSR Report and Environmental Report