Meiji Holdings makes Meiji-branded dairy products, including milk, yogurt and cheese, alongside a pharmaceutical arm, so its earnings are split between a mature food franchise and a drug business that does not follow the same cycle. The defensive case rests on that mix and on steady demand for everyday dairy in Japan, where revenue grew 5.8% and the forward P/E of 21.0 sits well below the trailing 29.4, implying the market expects earnings to recover. A 7.8% operating margin and a 5.5% ROE are thin for a company of this size, so the thesis depends on margin repair rather than on the top line. The question for the deeper look is whether the gap between trailing and forward earnings reflects a credible turn in profitability or a one-off drag that is already fading. Pulling the segment margins and the company's own guidance would answer that before any further work on valuation.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ¥4393 | first publication | ¥4393 |
Answered from Meiji Holdings Co., Ltd. fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| 2269.T Meiji Holdings Co., Ltd. | ¥4408.00 | - | - | 29.6x | 5.5% | 56 | 65 |
| 2875.T Toyo Suisan Kaisha, Ltd. | ¥10930.00 | - | - | 14.8x | 14.1% | 75 | 68 |
| 2319.HK China Mengniu Dairy Company Limited | HK$18.63 | HK$17 | 11% above | 34.5x | 4.1% | 47 | 64 |
| TATACONSUM.NS Tata Consumer Products Limited | ₹963.90 | - | - | 58.3x | - | 76 | 44 |
| 2897.T Nissin Foods Holdings Co.,Ltd. | ¥3095.00 | - | - | 18.7x | 9.6% | 52 | 61 |
| 2801.T Kikkoman Corporation | ¥1848.50 | - | - | 26.0x | 12.1% | 68 | 70 |
| BRITANNIA.NS Britannia Industries Limited | ₹4537.90 | - | - | 42.0x | - | 85 | 45 |
Where 2269.T ranks against its sector peers on each metric.