Prices as of 2026/10/30 close
Company comparison · Confectionery Makers
Calbee is the largest by revenue at ¥340.2B, followed by Morinaga (¥236.7B), Kameda Seika (¥138.1B) and Kotobuki Spirits (¥78.8B).
Kotobuki Spirits has the highest operating margin at 23.6%, 18.2 points above the lowest, Kameda Seika (5.5%).
Revenue growth in the latest results: Kameda Seika +33.7%, Kotobuki Spirits +8.9%, Calbee +5.5%, Morinaga +3.4%. For next year, Kotobuki Spirits guides for the fastest operating profit growth (+10.5%).
Calbee pays the most on average (¥8.20M), ¥2.51M more than Kameda Seika (¥5.69M).
Over the past year the shares moved Kotobuki Spirits +38.1%, Calbee +8.3%, Kameda Seika +8.1%, 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
Calbee aheadCalbee 2 : Morinaga 0 : Kameda Seika 1 : Kotobuki Spirits 0
Revenue: Calbee ¥340.2B / Morinaga ¥236.7B / Kameda Seika ¥138.1B / Kotobuki Spirits ¥78.8B
ProfitabilityInvestors
EvenCalbee 0 : Morinaga 1 : Kameda Seika 1 : Kotobuki Spirits 1
Operating margin: Calbee 7.7% / Morinaga 9.5% / Kameda Seika 5.5% / Kotobuki Spirits 23.6%
GrowthInvestors
EvenCalbee 1 : Morinaga 0 : Kameda Seika 2 : Kotobuki Spirits 2
Revenue growth (YoY): Calbee +5.5% / Morinaga +3.4% / Kameda Seika +33.7% / Kotobuki Spirits +8.9%
Stock & balance sheetInvestors
EvenCalbee 0 : Morinaga 0 : Kameda Seika 1 : Kotobuki Spirits 1
Share price, 1 year: Calbee +8.3% / Morinaga −10.2% / Kameda Seika +8.1% / Kotobuki Spirits +38.1%
Pay & workforceJob seekers
Morinaga aheadCalbee 1 : Morinaga 2 : Kameda Seika 0 : Kotobuki Spirits 0
Average salary: Calbee ¥8.20M / Morinaga ¥8.15M / Kameda Seika ¥5.69M
| Metric | Calbee | Morinaga | Kameda Seika | Kotobuki Spirits |
|---|---|---|---|---|
| Revenue | ◎¥340.2B | ¥236.7B | ¥138.1B | ¥78.8B |
| Operating profit | ◎¥26.2B | ¥22.4B | ¥7.5B | ¥18.6B |
| Net income | ¥17.3B | ¥17.8B | ◎¥24.6B | ¥12.6B |
| Metric | Calbee | Morinaga | Kameda Seika | Kotobuki Spirits |
|---|---|---|---|---|
| Operating margin | 7.7% | 9.5% | 5.5% | ◎23.6% |
| Net margin | 5.1% | 7.5% | ◎17.9% | 15.9% |
| ROE | — | — | 27.6% | — |
| Revenue per employee | ¥149M | ◎¥154M | ¥98M | — |
| Metric | Calbee | Morinaga | Kameda Seika | Kotobuki Spirits |
|---|---|---|---|---|
| Revenue growth (YoY) | +5.5% | +3.4% | ◎+33.7% | +8.9% |
| Operating profit growth (YoY) | −10.0% | +5.3% | ◎+36.9% | +5.6% |
| Revenue CAGRlast 5 years | +5.0% | +7.1% | — | ◎+27.7% |
| Guidance: revenue growthnext FY plan | ◎+8.8% | +8.6% | +3.6% | +7.3% |
| Guidance: op. profit growthnext FY plan | +0.1% | +1.8% | +10.3% | ◎+10.5% |
| Metric | Calbee | Morinaga | Kameda Seika | Kotobuki Spirits |
|---|---|---|---|---|
| Share price, 1 year | +8.3% | −10.2% | +8.1% | ◎+38.1% |
| Share price, 3 months | −1.0% | −12.6% | ◎+6.7% | −1.4% |
| P/E (trailing)lower = cheaper | — | — | 3.5x | — |
| Equity ratio | — | — | 56.6% | — |
| Share price (close) | ¥3,087 | ¥2,398.5 | ¥1,377 | ¥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 | Calbee | Morinaga | Kameda Seika | Kotobuki Spirits |
|---|---|---|---|---|
| Average salary | ◎¥8.20M | ¥8.15M | ¥5.69M | — |
| Starting salary (monthly) | ¥235,000 | ◎¥251,000 | ¥250,200 | — |
| Average tenure | 13.9 yrs | ◎19.1 yrs | 17.8 yrs | 12.5 yrs |
| Average age | 39.6 | 43.4 | 41.0 | 47.6 |
| Employees | 2,290 | 1,538 | 1,404 | 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)
¥3,087+8.3% (1Y)
Calbee +8.3% over 1Y. Compared: Morinaga -10.2%, Kameda Seika +8.1%, 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.
Calbee2 segments
Morinaga3 segments
Kameda Seika4 segments
Kotobuki Spirits4 segments
AAverage annual salary from the securities filings: Calbee ¥8.20M, Morinaga ¥8.15M, Kameda Seika ¥5.69M. Calbee pays the most. Averages also depend on staff age and job mix, so check the average age too (Calbee 39.6, Morinaga 43.4, Kameda Seika 41.0, Kotobuki Spirits 47.6).
ARevenue in the latest results: Calbee ¥340.2B, Morinaga ¥236.7B, Kameda Seika ¥138.1B, Kotobuki Spirits ¥78.8B. Calbee is the largest by revenue at ¥340.2B, followed by Morinaga (¥236.7B), Kameda Seika (¥138.1B) and Kotobuki Spirits (¥78.8B).
AOperating margins: Kotobuki Spirits 23.6%, Morinaga 9.5%, Calbee 7.7%, Kameda Seika 5.5%. 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%, Kameda Seika +8.1%, 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.
