Ajinomoto Malaysia Bhd (2658) - Net Assets

Latest as of March 2026: RM867.63 Million MYR ≈ $217.83 Million USD

Based on the latest financial reports, Ajinomoto Malaysia Bhd (2658) has net assets worth RM867.63 Million MYR (≈ $217.83 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (RM1.02 Billion ≈ $257.09 Million USD) and total liabilities (RM156.37 Million ≈ $39.26 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check strategic asset allocation of Ajinomoto Malaysia Bhd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	RM867.63 Million
% of Total Assets	84.73%
Annual Growth Rate	9.34%
5-Year Change	71.47%
10-Year Change	82.8%
Growth Volatility	19.01

Ajinomoto Malaysia Bhd - Net Assets Trend (2006–2026)

This chart illustrates how Ajinomoto Malaysia Bhd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Ajinomoto Malaysia Bhd worth.

Annual Net Assets for Ajinomoto Malaysia Bhd (2006–2026)

The table below shows the annual net assets of Ajinomoto Malaysia Bhd from 2006 to 2026. Also explore net asset growth rate of Ajinomoto Malaysia Bhd to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2026-03-31	RM867.63 Million ≈ $217.83 Million	+5.64%
2025-03-31	RM821.29 Million ≈ $206.20 Million	-11.13%
2024-03-31	RM924.13 Million ≈ $232.02 Million	+74.71%
2023-03-31	RM528.97 Million ≈ $132.81 Million	+4.54%
2022-03-31	RM505.99 Million ≈ $127.04 Million	-1.23%
2021-03-31	RM512.31 Million ≈ $128.62 Million	+3.36%
2020-03-31	RM495.68 Million ≈ $124.45 Million	+6.52%
2019-03-31	RM465.33 Million ≈ $116.83 Million	+6.45%
2018-03-31	RM437.13 Million ≈ $109.75 Million	-7.90%
2017-03-31	RM474.64 Million ≈ $119.17 Million	+54.20%
2016-03-31	RM307.81 Million ≈ $77.28 Million	+10.12%
2015-03-31	RM279.52 Million ≈ $70.18 Million	+6.66%
2014-03-31	RM262.08 Million ≈ $65.80 Million	+7.26%
2013-03-31	RM244.34 Million ≈ $61.35 Million	+3.83%
2012-03-31	RM235.32 Million ≈ $59.08 Million	+6.87%
2011-03-31	RM220.19 Million ≈ $55.28 Million	+7.87%
2010-03-31	RM204.12 Million ≈ $51.25 Million	+10.06%
2009-03-31	RM185.46 Million ≈ $46.56 Million	+6.37%
2008-03-31	RM174.36 Million ≈ $43.77 Million	+9.77%
2007-03-31	RM158.84 Million ≈ $39.88 Million	+9.13%
2006-03-31	RM145.55 Million ≈ $36.54 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ajinomoto Malaysia Bhd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 80485100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Retained Earnings	RM804.85 Million	92.76%
Common Stock	RM65.10 Million	7.50%
Total Equity	RM867.63 Million	100.00%

Ajinomoto Malaysia Bhd Competitors by Market Cap

The table below lists competitors of Ajinomoto Malaysia Bhd ranked by their market capitalization.

Company	Market Cap
XAI Octagon Floating Rate & Alternative Income Term Trust NYSE:XFLT	$288.63 Million
KPM TECH Co. Ltd KQ:042040	$288.71 Million
Plum Acquisition Corp. IV Unit NASDAQ:PLMKU	$288.73 Million
Pengana Private Equity Trust AU:PE1	$288.77 Million
Orbit Technologies Ltd TA:ORBI	$288.39 Million
Boilermech Holdings Bhd KLSE:0168	$288.38 Million
Iochpe-Maxion S.A SA:MYPK3	$288.29 Million
Talbros Automotive Components Limited NSE:TALBROAUTO	$288.26 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ajinomoto Malaysia Bhd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 821,288,000 to 867,629,000, a change of 46,341,000 (5.6%).
Net income of 71,447,000 contributed positively to equity growth.
Dividend payments of 24,836,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	RM71.45 Million	+8.23%
Dividends Paid	RM24.84 Million	-2.86%
Other Changes	RM-270.00K	-0.03%
Total Change	RM-	5.64%

Book Value vs Market Value Analysis

This analysis compares Ajinomoto Malaysia Bhd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.32x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 7.89x to 1.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-03-31	RM2.39	RM18.90	x
2007-03-31	RM2.61	RM18.90	x
2008-03-31	RM2.87	RM18.90	x
2009-03-31	RM3.05	RM18.90	x
2010-03-31	RM3.36	RM18.90	x
2011-03-31	RM3.62	RM18.90	x
2012-03-31	RM3.87	RM18.90	x
2013-03-31	RM4.02	RM18.90	x
2014-03-31	RM4.31	RM18.90	x
2015-03-31	RM4.60	RM18.90	x
2016-03-31	RM5.06	RM18.90	x
2017-03-31	RM7.81	RM18.90	x
2018-03-31	RM7.19	RM18.90	x
2019-03-31	RM7.65	RM18.90	x
2020-03-31	RM8.15	RM18.90	x
2021-03-31	RM8.43	RM18.90	x
2022-03-31	RM8.32	RM18.90	x
2023-03-31	RM8.70	RM18.90	x
2024-03-31	RM15.20	RM18.90	x
2025-03-31	RM13.51	RM18.90	x
2026-03-31	RM14.27	RM18.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ajinomoto Malaysia Bhd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 8.23%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 10.06%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.18x
Recent ROE (8.23%) is below the historical average (12.61%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	4.33%	3.70%	1.01x	1.16x	RM-8.25 Million
2007	9.44%	7.86%	0.99x	1.22x	RM-891.01K
2008	12.01%	9.72%	1.01x	1.22x	RM3.50 Million
2009	10.23%	7.78%	1.12x	1.18x	RM417.91K
2010	11.73%	8.41%	1.19x	1.17x	RM3.53 Million
2011	11.75%	8.18%	1.17x	1.23x	RM3.85 Million
2012	10.88%	7.89%	1.19x	1.16x	RM2.07 Million
2013	7.94%	5.83%	1.13x	1.20x	RM-5.03 Million
2014	10.70%	8.12%	1.12x	1.18x	RM1.83 Million
2015	10.64%	8.74%	1.02x	1.19x	RM1.78 Million
2016	13.25%	10.19%	1.09x	1.19x	RM10.01 Million
2017	39.50%	44.64%	0.79x	1.12x	RM140.00 Million
2018	12.87%	12.90%	0.90x	1.11x	RM12.55 Million
2019	12.16%	12.64%	0.84x	1.15x	RM10.05 Million
2020	12.08%	12.96%	0.80x	1.17x	RM10.29 Million
2021	9.08%	10.49%	0.61x	1.42x	RM-4.73 Million
2022	3.36%	3.51%	0.66x	1.44x	RM-33.60 Million
2023	5.20%	4.55%	0.81x	1.40x	RM-25.41 Million
2024	43.44%	63.07%	0.58x	1.18x	RM309.01 Million
2025	6.05%	7.26%	0.70x	1.19x	RM-32.47 Million
2026	8.23%	10.06%	0.69x	1.18x	RM-15.32 Million

Industry Comparison

This section compares Ajinomoto Malaysia Bhd's net assets metrics with peer companies in the Packaged Foods industry.

Industry Context

Industry: Packaged Foods
Average net assets among peers: $1,281,230,981
Average return on equity (ROE) among peers: 9.39%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ajinomoto Malaysia Bhd (2658)	RM867.63 Million	4.33%	0.18x	$288.50 Million
Three A Resources Bhd (0012)	$309.31 Million	13.46%	0.20x	$93.34 Million
Sunzen Biotech Bhd (0148)	$91.37 Million	-17.79%	0.40x	$43.17 Million
Bioalpha Holdings Bhd (0179)	$79.00 Million	8.60%	0.12x	$5.30 Million
Nova Wellness Group Bhd (0201)	$110.16 Million	7.02%	0.08x	$29.61 Million
SDS Group Bhd (0212)	$30.56 Million	18.78%	3.28x	$56.77 Million
PTRB (0260)	$52.22 Million	30.75%	1.26x	$35.60 Million
MYMBN Berhad (0280)	$32.55 Million	-10.38%	0.18x	$16.48 Million
SBH Marine Holdings Berhad (0300)	$77.33 Million	10.74%	0.33x	$40.13 Million
OB Holdings Berhad (0327)	$20.10 Million	23.44%	0.52x	$20.16 Million
IOI Corporation Bhd (1961)	$12.01 Billion	9.24%	0.49x	$7.53 Billion

About Ajinomoto Malaysia Bhd

KLSE:2658 Malaysia Packaged Foods

Market Cap

$288.50 Million

RM1.15 Billion MYR

Market Cap Rank

#15192 Global

#176 in Malaysia

Share Price

RM18.90

Change (1 day)

+0.00%

52-Week Range

RM12.00 - RM19.00

All Time High

RM19.96