Ajinomoto Raises Profit Forecast On Lower Input Costs

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On February 1 2010, Japanese food giant Ajinomoto raised its operating and net profit forecasts for fiscal 2010, ending March, by 35% and 50% respectively on the back of lower than expected input costs and strong regional food seasonings demand. The upwardly amended profit forecast saw the company's February 1 closing share price increase by 4.9% to JPY899. However, BMI does expect profits to be challenged in the financial year ahead.