Ajinomoto Co Inc

2802: XTKS (JPN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ajinomoto: Reinitiating With a Wide Moat From Strong Pricing Power; Shares Fairly Valued

Kazunori Ito , Jonathan Pong

Nov 27, 2025

We reinitiate coverage of Ajinomoto, the Japanese company known for introducing monosodium glutamate to the world over 100 years ago. More recently, it developed Ajinomoto Build-up Film, an epoxy resin material used as an insulator in over 95% of cutting-edge chip packaging.

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Ajinomoto Co Inc

Ajinomoto: Reinitiating With a Wide Moat From Strong Pricing Power; Shares Fairly Valued

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