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

Bridgestone

Market Cap: JP¥4.3t

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.

Kajima

Market Cap: JP¥2.6t

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

IHI

Market Cap: JP¥2.6t

Designs and builds engineering solutions in Japan and internationally.

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¥2.3t

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

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¥1.3t

Engages in the department store business in Japan and internationally.

Kyowa Kirin

Market Cap: JP¥1.3t

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

KandenkoLtd

Market Cap: JP¥1.1t

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¥818.6b

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¥804.2b

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

77 Bank

Market Cap: JP¥728.9b

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

Nippon Television Holdings

Market Cap: JP¥700.5b

Operates as a media and content company in Japan.

Oji Holdings

Market Cap: JP¥671.7b

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

Kraftia

Market Cap: JP¥621.9b

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

GS Yuasa

Market Cap: JP¥621.7b

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

COMSYS Holdings

Market Cap: JP¥614.0b

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

Takasago Thermal Engineering

Market Cap: JP¥599.7b

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

Iida Group Holdings

Market Cap: JP¥599.4b

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

NH Foods

Market Cap: JP¥571.1b

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

Cosmo Energy Holdings

Market Cap: JP¥567.0b

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

Citizen Watch

Market Cap: JP¥531.7b

Manufactures and sells watches and related components worldwide.

AlsokLtd

Market Cap: JP¥523.6b

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

Rinnai

Market Cap: JP¥480.9b

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

Nagase

Market Cap: JP¥471.7b

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

Lion

Market Cap: JP¥462.4b

Manufactures and sells consumer and industrial products in Japan and internationally.

Toho Gas

Market Cap: JP¥460.3b

Engages in the gas, LPG and other energy, electric power, and other businesses in Japan and internationally.