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Contents
___________
Fiscal 2003 Highlights
Contents / Profile
Financial Highlights
To Our Shareholders
Steadily Achieving Goals
Global Bulk Ingredients
Domestic Food Products
Pharmaceuticals
Overseas Retail Business
Nutritional Health
Commitment to Society and the Environment
Ajinomoto at a Glance
Review of Operations
Domestic Food Products
Overseas Food Products
Amino Acids
Pharmaceuticals
Board of Directors and Auditors
Stakeholder-Oriented Corporate Governance
Financial Section
Management´s Discussion and Analysis
Consolidated Balance Sheets
Consolidated Statements of Income
Consolidated Statements of Shareholders´ Equity
Consolidated Statements of Cash Flows
Notes to Consolidated Financial Statements
Global Network
Major Subsidiaries and Affiliates
Investor Information
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