There should be no more Snow brand formula made in Japan. The name has been changed to BEAN STALK. Snow brand you see in HK is made in Australia as emilyc wrote. Ingredients are almost no difference among Japan made formula (Bean Stalk has DHA added, unlike Australian made Snow brand).
Japan made formulas are so expensive at Japanese supermarkets at around $400 each, though you can find them cheaper at Bonjour cosmetic shops at around $200.
One thing from my son's pediatricians....Babies on Japan made formulas tend to be big in size, because they taste better than others! Yes, my son is also big.
NOA