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

Tokyo Electron

Market Cap: JP¥10.2t

Develops, manufactures, and sells semiconductor and flat panel display (FPD) production equipment in Japan, Europe, North America, Taiwan, China, South Korea, Southeast Asia, and internationally.

Mitsubishi Electric

Market Cap: JP¥6.0t

Develops, manufactures, distributes, and sells electrical and electronic equipment worldwide.

Sompo Holdings

Market Cap: JP¥4.4t

Provides property and casualty (P&C) insurance services in Japan and internationally.

Central Japan Railway

Market Cap: JP¥2.9t

Engages in the railway and related businesses in Japan.

Inpex

Market Cap: JP¥2.5t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

Sumitomo Electric Industries

Market Cap: JP¥2.2t

Manufactures and sells electric wires and cables worldwide.

Nitto Denko

Market Cap: JP¥2.0t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Lasertec

Market Cap: JP¥1.3t

Engages in the designing, manufacturing, and sale of inspection and measurement equipment in Japan and internationally.

YASKAWA Electric

Market Cap: JP¥1.1t

Engages in motion control, robotics, system engineering, and other businesses worldwide.

Toyo Suisan Kaisha

Market Cap: JP¥948.9b

Produces and sells food products in Japan and internationally.

Fuji Electric

Market Cap: JP¥929.0b

Develops power semiconductors and electronics solutions in Japan and internationally.

Tosoh

Market Cap: JP¥699.1b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals worldwide.

Azbil

Market Cap: JP¥634.7b

Provides automation products and services worldwide.

Nissan Chemical

Market Cap: JP¥625.5b

Engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.

Hirose ElectricLtd

Market Cap: JP¥612.3b

Manufactures and sells connectors in Japan and internationally.

NGK Insulators

Market Cap: JP¥578.9b

Manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others.

Cosmo Energy Holdings

Market Cap: JP¥570.6b

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

KandenkoLtd

Market Cap: JP¥566.3b

Operates as a general infrastructure company in Japan.

Kurita Water Industries

Market Cap: JP¥558.0b

Engages in the provision of various water treatment solutions in North America, South America, Europe, and internationally.

MediPal Holdings

Market Cap: JP¥496.3b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Rinnai

Market Cap: JP¥495.3b

Develops, manufactures, and sells heating products in Japan, the United States, Australia, China, South Korea, and Indonesia.

Stanley Electric

Market Cap: JP¥441.9b

Stanley Electric Co., Ltd., together with its subsidiaries, manufacture, sells, and import/export of automotive and other light bulbs in Japan and internationally.

Suzuken

Market Cap: JP¥368.3b

Primarily engages in the distribution of pharmaceuticals in Japan and internationally.

Iwatani

Market Cap: JP¥364.0b

Engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.

Miura

Market Cap: JP¥357.9b

Produces and sells boilers in Japan and internationally.

Dexerials

Market Cap: JP¥350.9b

Manufactures and sells electronic components, bonding materials, optics materials, and other products in Japan.

Tokyo Seimitsu

Market Cap: JP¥347.1b

Manufactures and sells semiconductor production equipment (SPE) and measuring instruments in Japan.

Mitsubishi Materials

Market Cap: JP¥343.2b

Engages in metals, metalworking solutions, cement, environment and energy, and electronic materials businesses in Japan.

Sankyu

Market Cap: JP¥334.5b

Provides logistics services in Japan and internationally.

Organo

Market Cap: JP¥322.2b

Operates as a water treatment engineering company in Japan, Taiwan, China, Southeast Asia, and internationally.

U-NEXT HOLDINGSLtd

Market Cap: JP¥314.0b

Offers entertainment services.

Nagase

Market Cap: JP¥306.1b

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

Nichias

Market Cap: JP¥296.0b

Manufactures and sells thermal insulation materials primarily in Japan.

Dowa Holdings

Market Cap: JP¥292.7b

Engages in the environmental management and recycling, nonferrous metals, electronic materials, metal processing, and heat treatment businesses worldwide.

Rorze

Market Cap: JP¥291.3b

Engages in the design, development, manufacture, and sale of automation systems for the semiconductor and flat panel display production worldwide.

Round One

Market Cap: JP¥287.5b

Operates indoor leisure complex facilities.