• Ajinomoto average operating margin for 2023 was 13.06%, a 2.83% decline from 2022.
• Ajinomoto average operating margin for 2022 was 12.7%, a 12.69% increase from 2021.
• Ajinomoto average operating margin for 2021 was 11.27%, a 19.33% increase from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.