Prices as of 2026/10/30 close
Company comparison · Diversified Food Makers
Ajinomoto is the largest by revenue at ¥1.6T, followed by Meiji (¥1.2T), Megmilk Snow Brand (¥615.7B) and Morinaga Milk (¥571.5B).
Ajinomoto has the highest operating margin at 12.6%, 9.6 points above the lowest, Megmilk Snow Brand (3.0%).
Revenue growth in the latest results: Ajinomoto +3.5%, Morinaga Milk +1.8%, Meiji +1.7%, Megmilk Snow Brand +0.0%. For next year, Meiji guides for the fastest operating profit growth (+7.2%).
Ajinomoto pays the most on average (¥10.6M), ¥2.88M more than Megmilk Snow Brand (¥7.73M).
Over the past year the shares moved Meiji +45.2%, Morinaga Milk +32.5%, Megmilk Snow Brand +26.9%, Ajinomoto +21.9%.
Head-to-head wins16 metrics
One win per metric for the company with the best value. Metrics with no better or worse (P/E, average age, employees) are excluded.
ScaleInvestors
Ajinomoto aheadAjinomoto 3 : Meiji 0 : Megmilk Snow Brand 0 : Morinaga Milk 0
Revenue: Ajinomoto ¥1.6T / Meiji ¥1.2T / Megmilk Snow Brand ¥615.7B / Morinaga Milk ¥571.5B
ProfitabilityInvestors
Ajinomoto aheadAjinomoto 2 : Meiji 1 : Megmilk Snow Brand 0 : Morinaga Milk 0
Operating margin: Ajinomoto 12.6% / Meiji 7.9% / Megmilk Snow Brand 3.0% / Morinaga Milk 6.0%
GrowthInvestors
Ajinomoto aheadAjinomoto 4 : Meiji 1 : Megmilk Snow Brand 0 : Morinaga Milk 0
Revenue growth (YoY): Ajinomoto +3.5% / Meiji +1.7% / Megmilk Snow Brand +0.0% / Morinaga Milk +1.8%
Stock & balance sheetInvestors
Meiji aheadAjinomoto 0 : Meiji 2 : Megmilk Snow Brand 0 : Morinaga Milk 0
Share price, 1 year: Ajinomoto +21.9% / Meiji +45.2% / Megmilk Snow Brand +26.9% / Morinaga Milk +32.5%
Pay & workforceJob seekers
Ajinomoto aheadAjinomoto 2 : Meiji 0 : Megmilk Snow Brand 1 : Morinaga Milk 0
Average salary: Ajinomoto ¥10.6M / Meiji ¥9.10M / Megmilk Snow Brand ¥7.73M / Morinaga Milk ¥7.92M
| Metric | Ajinomoto | Meiji | Megmilk Snow Brand | Morinaga Milk |
|---|---|---|---|---|
| Revenue | ◎¥1.6T | ¥1.2T | ¥615.7B | ¥571.5B |
| Operating profit | ◎¥199.4B | ¥93.3B | ¥18.2B | ¥34.5B |
| Net income | ◎¥134.7B | ¥35.1B | ¥32.8B | ¥22.6B |
| Metric | Ajinomoto | Meiji | Megmilk Snow Brand | Morinaga Milk |
|---|---|---|---|---|
| Operating margin | ◎12.6% | 7.9% | 3.0% | 6.0% |
| Net margin | ◎8.5% | 3.0% | 5.3% | 4.0% |
| ROE | — | — | 13.6% | — |
| Revenue per employee | ¥427M | ◎¥4.0B | ¥194M | ¥173M |
| Metric | Ajinomoto | Meiji | Megmilk Snow Brand | Morinaga Milk |
|---|---|---|---|---|
| Revenue growth (YoY) | ◎+3.5% | +1.7% | +0.0% | +1.8% |
| Operating profit growth (YoY) | ◎+75.0% | +10.2% | −4.5% | +16.3% |
| Revenue CAGRlast 5 years | ◎+8.1% | −0.3% | — | −0.4% |
| Guidance: revenue growthnext FY plan | ◎+8.8% | +3.3% | — | +1.5% |
| Guidance: op. profit growthnext FY plan | −1.2% | ◎+7.2% | — | −7.2% |
| Metric | Ajinomoto | Meiji | Megmilk Snow Brand | Morinaga Milk |
|---|---|---|---|---|
| Share price, 1 year | +21.9% | ◎+45.2% | +26.9% | +32.5% |
| Share price, 3 months | +5.8% | ◎+9.1% | −9.4% | −13.4% |
| Equity ratio | — | — | 56.4% | — |
| Share price (close) | ¥5,118 | ¥4,308 | ¥3,565 | ¥1,092 |
◎ marks the best value for each metric. Revenue and profit are from the latest full-year earnings release; share prices are closing-price references; P/E = latest close ÷ trailing EPS. For banks and some other financials, revenue means ordinary income.
| Metric | Ajinomoto | Meiji | Megmilk Snow Brand | Morinaga Milk |
|---|---|---|---|---|
| Average salary | ◎¥10.6M | ¥9.10M | ¥7.73M | ¥7.92M |
| Starting salary (monthly) | — | — | ◎¥260,000 | ¥248,000 |
| Average tenure | ◎18.9 yrs | 18.5 yrs | 16.0 yrs | 16.8 yrs |
| Average age | 43.5 | 42.7 | 41.6 | 40.2 |
| Employees | 3,705 | 295 | 3,172 | 3,310 |
Average salary is for the reporting (parent) company and is affected by average age and job mix. Holding companies with few employees are left out of the salary comparison.
Close (Oct 30, 2026)
¥5,118+21.9% (1Y)
Ajinomoto +21.9% over 1Y. Compared: Meiji +45.2%, Megmilk Snow Brand +26.9%, Morinaga Milk +32.5%.
Reference chart of daily closing prices, not real-time quotes (split-adjusted; weekly closes before the last year). Each line shows the % change from the start of the period. Updated Oct 30, 2026.
Ajinomoto3 segments
Meiji2 segments
Megmilk Snow Brand4 segments
Morinaga Milk2 segments
AAverage annual salary from the securities filings: Ajinomoto ¥10.6M, Meiji ¥9.10M, Morinaga Milk ¥7.92M, Megmilk Snow Brand ¥7.73M. Ajinomoto pays the most. Averages also depend on staff age and job mix, so check the average age too (Ajinomoto 43.5, Meiji 42.7, Megmilk Snow Brand 41.6, Morinaga Milk 40.2).
ARevenue in the latest results: Ajinomoto ¥1.6T, Meiji ¥1.2T, Megmilk Snow Brand ¥615.7B, Morinaga Milk ¥571.5B. Ajinomoto is the largest by revenue at ¥1.6T, followed by Meiji (¥1.2T), Megmilk Snow Brand (¥615.7B) and Morinaga Milk (¥571.5B).
AOperating margins: Ajinomoto 12.6%, Meiji 7.9%, Morinaga Milk 6.0%, Megmilk Snow Brand 3.0%. Ajinomoto turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): Meiji +45.2%, Morinaga Milk +32.5%, Megmilk Snow Brand +26.9%, Ajinomoto +21.9%. Meiji has risen the most.
Comparing 4 companies (up to 4)
Sources: earnings releases (kessan tanshin), annual securities reports and other public information. Share prices are closing-price references, not real-time. Our data may contain errors; investment decisions are your own responsibility.
