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

Sankyu

Market Cap: JP¥324.3b

Provides logistics services in Japan and internationally.

Iwatani

Market Cap: JP¥311.3b

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

Organo

Market Cap: JP¥310.7b

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

Nichias

Market Cap: JP¥304.0b

Manufactures and sells thermal insulation materials primarily in Japan.

Amano

Market Cap: JP¥296.3b

Provides time information, parking, environmental, and cleaning systems in Japan and internationally.

Mitsubishi Materials

Market Cap: JP¥295.3b

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

Dexerials

Market Cap: JP¥277.2b

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

Dowa Holdings

Market Cap: JP¥275.6b

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

TVhi Holdings

Market Cap: JP¥273.0b

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

Nagase

Market Cap: JP¥269.6b

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

Rorze

Market Cap: JP¥265.9b

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

Adeka

Market Cap: JP¥260.1b

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

GS Yuasa

Market Cap: JP¥252.3b

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.

Nippon Shinyaku

Market Cap: JP¥243.8b

Manufactures and sells pharmaceuticals and foodstuffs in Japan and internationally.

Nojima

Market Cap: JP¥241.7b

Operates digital home electronics retail stores in Japan and internationally.

Round One

Market Cap: JP¥232.8b

Operates indoor leisure complex facilities.

Seria

Market Cap: JP¥214.1b

Operates stores in Japan.

Aica Kogyo Company

Market Cap: JP¥204.7b

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

MIRAIT ONE

Market Cap: JP¥198.6b

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

Ship Healthcare Holdings

Market Cap: JP¥194.8b

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

EDION

Market Cap: JP¥194.0b

Operates as a home appliance retailer in Japan.

Starts

Market Cap: JP¥192.2b

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

Rigaku Holdings

Market Cap: JP¥189.2b

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

Leopalace21

Market Cap: JP¥183.9b

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

Meidensha

Market Cap: JP¥177.8b

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.

Tsubakimoto Chain

Market Cap: JP¥176.6b

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

Mitsubishi Estate Logistics REIT Investment

Market Cap: JP¥176.3b

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).

MEGMILK SNOW BRANDLtd

Market Cap: JP¥175.1b

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

Sumitomo DensetsuLtd

Market Cap: JP¥169.4b

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

Denka

Market Cap: JP¥167.6b

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

Sumitomo Riko

Market Cap: JP¥166.7b

Engages in the manufacture and sale of automotive parts.

Anritsu

Market Cap: JP¥165.2b

Develops, manufactures, and sells electronic measurement instruments and systems for various communications applications in Japan and internationally.

JVCKENWOOD

Market Cap: JP¥158.7b

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

Noritsu Koki

Market Cap: JP¥158.5b

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.

Star Asia Investment

Market Cap: JP¥143.5b

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

Fujimi

Market Cap: JP¥140.4b

Manufactures and sells synthetic precision abrasives in Japan and internationally.