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

Fuso ChemicalLtd

Market Cap: JP¥134.7b

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

JAFCO Group

Market Cap: JP¥130.6b

JAFCO Group Co., Ltd. formerly known as JAFCO Co., Ltd.

Raito Kogyo

Market Cap: JP¥129.4b

Engages in the civil engineering works business in Japan, North America, and internationally.

TOA

Market Cap: JP¥128.2b

Provides construction and engineering services in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥125.2b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Kurabo Industries

Market Cap: JP¥124.6b

Engages in textile, chemical, technology, food and service, and real estate businesses in Japan and internationally.

Maeda Kosen

Market Cap: JP¥123.3b

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

Nissin

Market Cap: JP¥119.1b

Provides logistics services in Japan, Europe, the Americas, China, Russia, rest of Asia, and internationally.

Nitto Kogyo

Market Cap: JP¥118.5b

Manufactures and sells electric and mechanical equipment worldwide.

Gunze

Market Cap: JP¥118.0b

Engages in the functional solutions, apparel, and lifestyle creations businesses in Japan and internationally.

Nittetsu Mining

Market Cap: JP¥116.8b

Engages in mining activities in Japan and internationally.

Autobacs Seven

Market Cap: JP¥112.9b

Operates a chain of retail stores for automotive goods and services in Japan and internationally.

Shin Nippon Air Technologies

Market Cap: JP¥111.9b

Provides engineering systems to control air, water, heat, and other areas of air conditioning, electrical, and sanitary facilities in Japan and internationally.

KanamotoLtd

Market Cap: JP¥111.8b

Engages in the construction equipment rental business in Japan and internationally.

DOUTOR NICHIRES Holdings

Market Cap: JP¥111.4b

Engages in the operation and management of cafes and restaurants in Japan.

TOCALOLtd

Market Cap: JP¥111.4b

Develops surface modifying technologies in Japan and internationally.

NIPPON ROAD

Market Cap: JP¥110.5b

Offers general construction, construction design, supervision, and management services in Japan and internationally.

ShinMaywa Industries

Market Cap: JP¥107.3b

Engages in the manufacture and sale of transportation equipment in Japan, Asia, North America, and internationally.

Nitta

Market Cap: JP¥106.3b

Provides power transmission belts, conveyor belts and units, and other products in Japan and internationally.

Yamazen

Market Cap: JP¥106.2b

Provides production equipment, housing equipment/materials, and home products worldwide.

Mochida Pharmaceutical

Market Cap: JP¥103.8b

Manufactures and sells pharmaceuticals and healthcare products in Japan.

Japan Lifeline

Market Cap: JP¥103.6b

A medical device company, develops, produces, imports, distributes, and trades in cardiovascular related medical devices in Japan.

KITZ

Market Cap: JP¥102.3b

Engages in the manufacturing and selling of valves, other flow control devices, and related products in Japan and internationally.

Aichi

Market Cap: JP¥101.6b

Manufactures and sells mechanized vehicles for electric utilities, telecommunications, construction, cargo handling, shipbuilding, and rail industries worldwide.

Nippon Light Metal Holdings Company

Market Cap: JP¥100.2b

Nippon Light Metal Holdings Company, Ltd.

Chori

Market Cap: JP¥99.9b

Engages in textiles, chemicals, and machinery businesses in China and internationally.

Axial Retailing

Market Cap: JP¥99.5b

Operates a chain of supermarkets in Japan.

Uchida Yoko

Market Cap: JP¥97.1b

Provides government and education, office, and information system solutions in Japan and internationally.

Mitsuboshi Belting

Market Cap: JP¥95.4b

Manufactures and sells power transmission belts, waterproofing and water shielding sheets, and engineering plastics and structural foams in Japan and internationally.

DaikokutenbussanLtd

Market Cap: JP¥95.0b

Operates discount stores.

UT GroupLtd

Market Cap: JP¥93.2b

Engages in the dispatch and outsourcing of permanent employees in the manufacturing, design and development, construction, and other sectors in Japan.

KeePer Technical Laboratory

Market Cap: JP¥92.1b

Develops, manufactures, and sells car coatings, car washing chemicals and equipment, and other products in Japan.

Shibuya

Market Cap: JP¥90.2b

Manufactures and sells packaging and other systems in Japan and internationally.

Zeria Pharmaceutical

Market Cap: JP¥90.0b

Manufactures, sells, imports, and exports pharmaceuticals, non-pharmaceutical products, veterinary pharmaceuticals, agricultural chemicals, industrial chemicals, and reagents in Japan and internationally.

Yamabiko

Market Cap: JP¥88.9b

Manufactures and sells agricultural machinery in Japan, Europe, the United States, and internationally.

MATSUDA SANGYO

Market Cap: JP¥85.7b

Engages in the recovery and smelting of precious metals in Japan.