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Sources: securities reports, earnings releases (決算短信), and other public disclosures.

Figures may contain transcription errors. For personal reference only — this site makes no warranty as to data accuracy.

RankingsOperating Margin RankingFood & Beverage Industry

Food & Beverage Companies Ranked by Operating Margin (FY2026, 38 companies)

38 companies · FY2026 results (earnings releases, consolidated)

Average salary Revenue Operating profit Operating margin

JT ranks first for operating margin in the Food & Beverage industry at 25.0%. The top three are JT (25.0%), Kotobuki Spirits (23.6%) and Ariake (17.6%).

Across the 38 companies the average is 7.0% and the median 5.7%. CCBJH comes last at -8.1%, a gap of 33.1 percentage points to the leader.

15 of 38 companies are above the average.

One company posted an operating loss: CCBJH.

Share prices, forecasts and results for Food & Beverage Industry

Food & Beverage Industry TOP3

1
JTFood & Beverage Industry25.0%
2
Kotobuki SpiritsFood & Beverage Industry23.6%
3
AriakeFood & Beverage Industry17.6%

Companies: 38
Average: 7.0%
Median: 5.7%
All-industry average: 11.1%-4.1pt difference
Above average: 15of 38

Operating margin ranking: Food & Beverage Industry

38 companies

RankCompanyAverage 7.0%Operating marginRevenueShares 1Y

1
JT291425.0%25.0%¥3.5T+35.1%
2
Kotobuki Spirits222223.6%23.6%¥78.8B+35.5%
3
Ariake281517.6%17.6%¥67.0B−4.6%
4
Toyo Suisan287516.0%16.0%¥536.6B−1.4%
5
Ajinomoto280212.6%12.6%¥1.6T+17.0%
6
Kikkoman280110.2%10.2%¥745.5B+47.1%
7
LIFEDRINK258510.1%10.1%¥52.7B−41.0%
8
Morinaga22019.5%9.5%¥236.7B−9.7%
9
Yakult22679.3%9.3%¥486.4B+21.0%
10
Suntory B&F25878.7%8.7%¥1.7T+1.4%
11
Meiji22697.9%7.9%¥1.2T+45.4%
11
Nissin28977.9%7.9%¥788.1B+9.4%
13
Calbee22297.7%7.7%¥340.2B+7.7%
13
Kagome28117.7%7.7%¥294.3B+2.9%
15
DM Mitsui Sugar21097.2%7.2%¥180.1B+17.8%
16
Kewpie28096.7%6.7%¥513.4B+8.0%
17
Asahi25026.4%6.4%¥2.9T−0.6%
18
Morinaga Milk22646.0%6.0%¥571.5B+31.5%
19
House Foods28105.8%5.8%¥317.0B+61.1%
20
Kameda Seika22205.5%5.5%¥138.1B+7.6%
21
Nisshin Seifun20025.4%5.4%¥865.0B+28.4%
21
Nichirei28715.4%5.4%¥716.1B+17.9%
23
NIPPN20015.3%5.3%¥418.4B+33.3%
24
Sapporo25014.8%4.8%¥506.9B+33.0%
25
NH Foods22824.7%4.7%¥1.5T+9.0%
25
Yamazaki22124.7%4.7%¥1.3T+29.7%
27
ITO EN25934.4%4.4%¥497.9B+2.6%
28
Takara25314.3%4.3%¥394.3B+79.3%
29
Shoei Foods80794.0%4.0%¥124.9B+4.7%
30
Fuji Oil26073.9%3.9%¥772.3B+42.7%
31
Nisshin OilliO26023.1%3.1%¥554.3B+21.6%
32
Megmilk Snow Brand22703.0%3.0%¥615.7B+26.2%
33
Itoham Yonekyu22962.7%2.7%¥1.1T−11.3%
34
Glico22062.4%2.4%¥361.4B+2.2%
35
S Foods22922.2%2.2%¥472.3B+7.8%
36
Prima Ham22811.9%1.9%¥475.6B−7.8%
37
DyDo25901.7%1.7%¥241.2B+23.4%
38
CCBJH2579-8.1%-8.1%¥893.8B+57.1%

Shares 1Y is a closing-price reference (vs. about a year earlier).

Financials and pay compared

The same companies on other measures

Rank	Company	Operating margin	Average salary	Revenue	Operating profit
1	JT2914	25.0%	¥9.52M	¥3.5T	¥867.0B
2	Kotobuki Spirits2222	23.6%	-	¥78.8B	¥18.6B
3	Ariake2815	17.6%	¥5.42M	¥67.0B	¥11.8B
4	Toyo Suisan2875	16.0%	¥6.98M	¥536.6B	¥85.8B
5	Ajinomoto2802	12.6%	¥10.6M	¥1.6T	¥199.4B
6	Kikkoman2801	10.2%	¥8.23M	¥745.5B	¥75.9B
7	LIFEDRINK2585	10.1%	¥5.09M	¥52.7B	¥5.3B
8	Morinaga2201	9.5%	¥8.15M	¥236.7B	¥22.4B
9	Yakult2267	9.3%	¥8.55M	¥486.4B	¥45.2B
10	Suntory B&F2587	8.7%	¥11.6M	¥1.7T	¥148.7B
11	Meiji2269	7.9%	¥9.10M	¥1.2T	¥93.3B
11	Nissin2897	7.9%	¥8.80M	¥788.1B	¥62.3B
13	Calbee2229	7.7%	¥8.20M	¥340.2B	¥26.2B
13	Kagome2811	7.7%	¥8.92M	¥294.3B	¥22.6B
15	DM Mitsui Sugar2109	7.2%	¥8.15M	¥180.1B	¥12.9B
16	Kewpie2809	6.7%	¥6.89M	¥513.4B	¥34.6B
17	Asahi2502	6.4%	¥13.4M	¥2.9T	¥185.9B
18	Morinaga Milk2264	6.0%	¥7.92M	¥571.5B	¥34.5B
19	House Foods2810	5.8%	¥8.40M	¥317.0B	¥18.2B
20	Kameda Seika2220	5.5%	¥5.69M	¥138.1B	¥7.5B
21	Nisshin Seifun2002	5.4%	¥8.93M	¥865.0B	¥46.7B
21	Nichirei2871	5.4%	¥7.43M	¥716.1B	¥39.0B
23	NIPPN2001	5.3%	¥7.58M	¥418.4B	¥22.1B
24	Sapporo2501	4.8%	¥9.52M	¥506.9B	¥24.4B
25	NH Foods2282	4.7%	¥8.61M	¥1.5T	¥68.3B
25	Yamazaki2212	4.7%	¥6.26M	¥1.3T	¥61.1B
27	ITO EN2593	4.4%	¥6.88M	¥497.9B	¥21.7B
28	Takara2531	4.3%	¥7.63M	¥394.3B	¥17.1B
29	Shoei Foods8079	4.0%	¥6.67M	¥124.9B	¥4.9B
30	Fuji Oil2607	3.9%	¥8.33M	¥772.3B	¥29.8B
31	Nisshin OilliO2602	3.1%	¥7.71M	¥554.3B	¥17.0B
32	Megmilk Snow Brand2270	3.0%	¥7.73M	¥615.7B	¥18.2B
33	Itoham Yonekyu2296	2.7%	¥7.66M	¥1.1T	¥28.5B
34	Glico2206	2.4%	¥8.60M	¥361.4B	¥8.7B
35	S Foods2292	2.2%	¥5.74M	¥472.3B	¥10.5B
36	Prima Ham2281	1.9%	¥7.43M	¥475.6B	¥9.1B
37	DyDo2590	1.7%	¥8.48M	¥241.2B	¥4.2B
38	CCBJH2579	-8.1%	-	¥893.8B	¥-72.4B

Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.

Other rankings: Food & Beverage Industry

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