Japanese Strong Past Earnings Growth, P/E Ratio Below 20

Bridgestone

Market Cap: JP¥4.2t

Manufactures and sells tires and rubber products in Japan, China, India, the Asia Pacific, the United States, the Americas, Europe, the Middle East, and Africa.

Central Japan Railway

Market Cap: JP¥3.2t

Engages in the railway and related businesses in Japan.

LY

Market Cap: JP¥2.8t

Engages in the online advertising and e-commerce businesses in Japan.

IHI

Market Cap: JP¥2.7t

Designs and builds engineering solutions in Japan and internationally.

Kajima

Market Cap: JP¥2.6t

Engages in civil engineering, building construction, real estate development, architectural and civil design, and other businesses.

Shionogi

Market Cap: JP¥2.4t

Engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic reagents, and medical devices in Japan and internationally.

Nippon Sanso Holdings

Market Cap: JP¥2.4t

Engages in the gas business in Japan, the United States, Europe, Asia, and Oceania.

Nippon Paint Holdings

Market Cap: JP¥2.3t

Engages in the paints and fine chemicals businesses in Japan, Asia, the United States, Europe, and internationally.

Taisei

Market Cap: JP¥2.2t

Engages in the civil engineering, building construction, and real estate development businesses in Japan.

Sekisui House

Market Cap: JP¥2.1t

Designs, constructs, and contracts built-to-order detached houses in Japan and internationally.

Niterra

Market Cap: JP¥2.0t

Manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally.

Hikari Tsushin

Market Cap: JP¥1.6t

Engages in the provision and sale of gas and electricity in Japan and internationally.

Kinden

Market Cap: JP¥1.3t

Provides integrated electrical and facility engineering services in Japan.

Isetan Mitsukoshi Holdings

Market Cap: JP¥1.2t

Engages in the department store business in Japan and internationally.

Kyowa Kirin

Market Cap: JP¥1.2t

Engages in the research, development, manufacturing, and marketing of pharmaceuticals in Japan, the Americas, Europe, Asia, and internationally.

KandenkoLtd

Market Cap: JP¥1.2t

Engages in electrical and piping work, and other facility construction work in Japan and internationally.

Japan Airlines

Market Cap: JP¥1.1t

Provides scheduled and non-scheduled air transport services in Japan, Asia, Oceania, the Americas, and internationally.

Ono Pharmaceutical

Market Cap: JP¥1.0t

Produces, purchases, and sells pharmaceuticals and diagnostic reagents worldwide.

Ricoh Company

Market Cap: JP¥860.7b

Develops, manufactures, and sells digital products and services in Japan, the Americas, Europe, the Middle East, Africa, China, South East Asia, and Oceania.

Japan Metropolitan Fund Investment

Market Cap: JP¥781.1b

Japan Metropolitan Fund Investment Corporation was established under the Law Concerning Investment Trusts and Investment Corporations of Japan.

GS Yuasa

Market Cap: JP¥730.3b

Manufactures and sells batteries, power supplies, lighting equipment, and other battery and electrical equipment in Japan, Asia, North America, Europe, and internationally.

Nippon Television Holdings

Market Cap: JP¥712.1b

Operates as a media and content company in Japan.

77 Bank

Market Cap: JP¥708.1b

Provides banking products and services to corporate and individual customers in Japan.

Oji Holdings

Market Cap: JP¥661.5b

Manufactures and sells pulp and paper products in Japan, China, rest of Asia, North and South America, Europe, Oceania, and internationally.

COMSYS Holdings

Market Cap: JP¥630.0b

Engages in information and communication construction, electrical equipment construction, and information processing-related businesses.

Kraftia

Market Cap: JP¥617.5b

Engages in design, construction, and installation of power infrastructure construction business in Japan.

Takasago Thermal Engineering

Market Cap: JP¥617.3b

Designs, constructs, manufactures, sells, and installs heating, ventilation, and air conditioning (HVAC) systems in Japan and internationally.

Iida Group Holdings

Market Cap: JP¥595.9b

Engages in the purchase, planning, design, construction, sale, and after-sales service of detached houses and house condominiums in Japan.

Cosmo Energy Holdings

Market Cap: JP¥573.4b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

NH Foods

Market Cap: JP¥559.4b

Engages in manufacturing and selling ham, sausage, processed food, meat, and dairy product in Japan and internationally.

Citizen Watch

Market Cap: JP¥549.7b

Manufactures and sells watches and related components worldwide.

AlsokLtd

Market Cap: JP¥521.7b

Engages in the electronic, stationed, and transportation security services in Japan and internationally.

Rinnai

Market Cap: JP¥483.3b

Manufactures and sells thermal equipment in Japan, the United States, Australia, China, South Korea, and Indonesia.

Nagase

Market Cap: JP¥458.0b

Manufactures, imports/exports, and sells chemicals, plastics, electronics materials, cosmetics, and health foods worldwide.

Toda

Market Cap: JP¥450.9b

Primarily engages in the construction and civil engineering businesses in Japan and internationally.

Meidensha

Market Cap: JP¥445.5b

Engages in the power infrastructure; public, industrial, and commercial sector; mobility and electrical components; field service engineering; and real estate businesses in Japan, Asia, and internationally.