Prices as of 2026/10/30 close
Company comparison · Confectionery Makers
Glico is the largest by revenue at ¥361.4B, followed by Calbee (¥340.2B), Morinaga (¥236.7B) and Kotobuki Spirits (¥78.8B).
Kotobuki Spirits has the highest operating margin at 23.6%, 21.2 points above the lowest, Glico (2.4%).
Revenue growth in the latest results: Glico +9.1%, Kotobuki Spirits +8.9%, Calbee +5.5%, Morinaga +3.4%. For next year, Glico guides for the fastest operating profit growth (+60.3%).
Glico pays the most on average (¥8.60M), ¥0.45M more than Morinaga (¥8.15M).
Over the past year the shares moved Kotobuki Spirits +38.1%, Calbee +8.3%, Glico +2.8%, Morinaga −10.2%.
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
EvenGlico 1 : Calbee 1 : Morinaga 1 : Kotobuki Spirits 0
Revenue: Glico ¥361.4B / Calbee ¥340.2B / Morinaga ¥236.7B / Kotobuki Spirits ¥78.8B
ProfitabilityInvestors
Kotobuki Spirits aheadGlico 1 : Calbee 0 : Morinaga 0 : Kotobuki Spirits 2
Operating margin: Glico 2.4% / Calbee 7.7% / Morinaga 9.5% / Kotobuki Spirits 23.6%
GrowthInvestors
EvenGlico 2 : Calbee 1 : Morinaga 0 : Kotobuki Spirits 2
Revenue growth (YoY): Glico +9.1% / Calbee +5.5% / Morinaga +3.4% / Kotobuki Spirits +8.9%
Stock & balance sheetInvestors
EvenGlico 0 : Calbee 1 : Morinaga 0 : Kotobuki Spirits 1
Share price, 1 year: Glico +2.8% / Calbee +8.3% / Morinaga −10.2% / Kotobuki Spirits +38.1%
Pay & workforceJob seekers
Glico aheadGlico 2 : Calbee 0 : Morinaga 1 : Kotobuki Spirits 0
Average salary: Glico ¥8.60M / Calbee ¥8.20M / Morinaga ¥8.15M
| Metric | Glico | Calbee | Morinaga | Kotobuki Spirits |
|---|---|---|---|---|
| Revenue | ◎¥361.4B | ¥340.2B | ¥236.7B | ¥78.8B |
| Operating profit | ¥8.7B | ◎¥26.2B | ¥22.4B | ¥18.6B |
| Net income | ¥5.0B | ¥17.3B | ◎¥17.8B | ¥12.6B |
| Metric | Glico | Calbee | Morinaga | Kotobuki Spirits |
|---|---|---|---|---|
| Operating margin | 2.4% | 7.7% | 9.5% | ◎23.6% |
| Net margin | 1.4% | 5.1% | 7.5% | ◎15.9% |
| ROE | 1.8% | — | — | — |
| Revenue per employee | ◎¥248M | ¥149M | ¥154M | — |
| Metric | Glico | Calbee | Morinaga | Kotobuki Spirits |
|---|---|---|---|---|
| Revenue growth (YoY) | ◎+9.1% | +5.5% | +3.4% | +8.9% |
| Operating profit growth (YoY) | −21.0% | −10.0% | +5.3% | ◎+5.6% |
| Revenue CAGR | — | +5.0% | +7.1% | ◎+27.7% |
| Guidance: revenue growthnext FY plan | +5.1% | ◎+8.8% | +8.6% | +7.3% |
| Guidance: op. profit growthnext FY plan | ◎+60.3% | +0.1% | +1.8% | +10.5% |
| Metric | Glico | Calbee | Morinaga | Kotobuki Spirits |
|---|---|---|---|---|
| Share price, 1 year | +2.8% | +8.3% | −10.2% | ◎+38.1% |
| Share price, 3 months | −3.7% | ◎−1.0% | −12.6% | −1.4% |
| P/E (trailing)lower = cheaper | 63.5x | — | — | — |
| Equity ratio | 70.7% | — | — | — |
| Share price (close) | ¥5,028 | ¥3,087 | ¥2,398.5 | ¥2,504.5 |
◎ 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 | Glico | Calbee | Morinaga | Kotobuki Spirits |
|---|---|---|---|---|
| Average salary | ◎¥8.60M | ¥8.20M | ¥8.15M | — |
| Starting salary (monthly) | ◎¥265,500 | ¥235,000 | ¥251,000 | — |
| Average tenure | 13.4 yrs | 13.9 yrs | ◎19.1 yrs | 12.5 yrs |
| Average age | 43.7 | 39.6 | 43.4 | 47.6 |
| Employees | 1,456 | 2,290 | 1,538 | 7 |
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)
¥5,028+2.8% (1Y)
Glico +2.8% over 1Y. Compared: Calbee +8.3%, Morinaga -10.2%, Kotobuki Spirits +38.1%.
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.
Glico2 segments
Calbee2 segments
Morinaga3 segments
Kotobuki Spirits4 segments
AAverage annual salary from the securities filings: Glico ¥8.60M, Calbee ¥8.20M, Morinaga ¥8.15M. Glico pays the most. Averages also depend on staff age and job mix, so check the average age too (Glico 43.7, Calbee 39.6, Morinaga 43.4, Kotobuki Spirits 47.6).
ARevenue in the latest results: Glico ¥361.4B, Calbee ¥340.2B, Morinaga ¥236.7B, Kotobuki Spirits ¥78.8B. Glico is the largest by revenue at ¥361.4B, followed by Calbee (¥340.2B), Morinaga (¥236.7B) and Kotobuki Spirits (¥78.8B).
AOperating margins: Kotobuki Spirits 23.6%, Morinaga 9.5%, Calbee 7.7%, Glico 2.4%. Kotobuki Spirits turns the highest share of sales into operating profit.
AShare price change over the past year (closing prices, for reference): Kotobuki Spirits +38.1%, Calbee +8.3%, Glico +2.8%, Morinaga −10.2%. Kotobuki Spirits 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.
