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

Adeka

Market Cap: JP¥286.0b

Engages in chemicals, food products, and life science businesses.

Nippon Shinyaku

Market Cap: JP¥271.9b

Manufactures and sells pharmaceuticals and foodstuffs in Japan and internationally.

TVhi Holdings

Market Cap: JP¥264.6b

Engages in television (TV) broadcasting business in Japan and internationally.

GS Yuasa

Market Cap: JP¥256.3b

Engages in the manufacture and sale of batteries, power supplies, lighting equipment, and other battery and electrical equipment in Japan, the rest of Asia, North America, Europe, and internationally.

Takeuchi Mfg

Market Cap: JP¥252.7b

Manufactures and sells construction machinery in Japan and internationally.

Nojima

Market Cap: JP¥239.6b

Operates digital home electronics retail stores in Japan and internationally.

Rigaku Holdings

Market Cap: JP¥234.0b

Manufactures and sells scientific instruments focuses on x-ray technologies in Japan, Asia, the United States, Europe, the Middle East, and Africa.

Aica Kogyo Company

Market Cap: JP¥212.8b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Tsubakimoto Chain

Market Cap: JP¥202.5b

Manufactures and sells chains, motion control, mobility, materials handling systems components in Japan.

MIRAIT ONE

Market Cap: JP¥202.4b

Engages in the telecommunications construction, electrical construction, civil engineering work, and architectural and construction businesses in Japan.

Starts

Market Cap: JP¥201.9b

Engages in the construction, real estate management, and tenant recruitment businesses in Japan and internationally.

Meidensha

Market Cap: JP¥201.0b

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

JVCKENWOOD

Market Cap: JP¥198.5b

Manufactures and sells products in the mobility and telematics services, public service, and media service sectors in Japan and internationally.

EDION

Market Cap: JP¥197.7b

Operates as a home appliance retailer in Japan.

Sumitomo Riko

Market Cap: JP¥194.8b

Engages in the manufacture and sale of automotive parts.

Seria

Market Cap: JP¥192.7b

Operates stores in Japan.

Denka

Market Cap: JP¥192.4b

Manufactures and sells organic and inorganic materials to electronic materials and pharmaceuticals in Japan and internationally.

Ship Healthcare Holdings

Market Cap: JP¥191.2b

Engages in the medical, healthcare, welfare, and nursing care businesses worldwide.

Leopalace21

Market Cap: JP¥185.5b

Engages in the construction, leasing, and sale of apartments, condominiums, and residential housing in Japan.

MEGMILK SNOW BRANDLtd

Market Cap: JP¥182.5b

Manufactures and sells milk, milk products, and other food products in Japan and internationally.

Sumitomo DensetsuLtd

Market Cap: JP¥179.0b

Operates as a construction company in Japan, Indonesia, Thailand, Cambodia, Myanmar, the Philippines, China, and Malaysia.

Noritsu Koki

Market Cap: JP¥178.5b

Manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

Mitsubishi Estate Logistics REIT Investment

Market Cap: JP¥176.0b

Mitsubishi Estate Logistics REIT Investment Corporation (“MEL”) was established on July 14, 2016 under the “Act on Investment Trust and Investment Corporation” (“Investment Trust Law”), and was listed on the REIT Securities Market of the Tokyo Stock Exchange on September 14, 2017 (securities code: 3481).

Glory

Market Cap: JP¥156.4b

Develops and manufactures cash handling machines and systems in Japan, the United States, Europe, and Asia.

SeirenLtd

Market Cap: JP¥154.8b

Manufactures and markets vehicle parts, textile products, industrial machines, and electronic parts in Japan and internationally.

Fujimi

Market Cap: JP¥153.0b

Manufactures and sells synthetic precision abrasives in Japan and internationally.

TamronLtd

Market Cap: JP¥144.4b

Manufactures and sells optical equipment in Japan, North America, Europe, and Asia.

Takuma

Market Cap: JP¥143.5b

Engages in the design, construction, and superintendence of various boilers, plant machineries, pollution prevention and environmental equipment plants, heating and cooling equipment, and feed water/drainage sanitation equipment and facilities in Japan.

Star Asia Investment

Market Cap: JP¥142.9b

Star Asia Investment Corporation was listed on the Tokyo Stock Exchange Real Estate Investment Trust Market on April 20, 2016.

Trusco Nakayama

Market Cap: JP¥135.4b

Engages in the wholesale of machine tools, and other equipment in Japan and internationally.

Maeda Kosen

Market Cap: JP¥130.8b

Manufactures and sells civil engineering materials, construction materials, agricultural materials, and nonwoven fabrics in Japan.

Nitto Kogyo

Market Cap: JP¥128.4b

Manufactures and sells electric and mechanical equipment worldwide.

Valor Holdings

Market Cap: JP¥126.6b

Operates supermarkets and home centers in Japan.

Fuso ChemicalLtd

Market Cap: JP¥125.5b

Manufactures and sells life science, electronic material, and functional chemical products worldwide.

IDOM

Market Cap: JP¥121.4b

IDOM Inc. purchases and sells used cars in Japan and internationally.

Yurtec

Market Cap: JP¥120.3b

Operates as a facility engineering company in Japan and internationally.