Japanese Materials Undervalued Dividend Payers

Asahi Kasei

Market Cap: JP¥2.3t

Engages in material, homes, healthcare businesses.

Toray Industries

Market Cap: JP¥1.6t

Manufactures, processes, and sells fibers and textiles, performance chemicals, carbon fiber composite materials, environment and engineering products, and life science products in Japan, China, North America, Europe, and internationally.

Mitsubishi Chemical Group

Market Cap: JP¥1.4t

Provides performance products, industrial materials, industrial gases, and others in Japan and internationally.

Sumitomo Chemical Company

Market Cap: JP¥967.4b

Engages in Agro & Life Solutions, ICT & Mobility Solutions, Advanced Medical Solutions, Essential & Green Materials, and Sumitomo Pharma.

Kobe Steel

Market Cap: JP¥769.7b

Engages in the materials, machinery, and electric power businesses worldwide.

NOF

Market Cap: JP¥659.2b

Manufactures chemicals in Japan.

Adeka

Market Cap: JP¥403.7b

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

Zeon

Market Cap: JP¥390.2b

Engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Kaneka

Market Cap: JP¥305.5b

Engages in the manufacture and sale of polyvinyl chloride (PVC), crosslinked PVC, PVC-PVAc polymers, paste PVC, acryl grafted-vinyl chloride copolymer, and chlorinated PVC in Japan and internationally.

FP

Market Cap: JP¥188.1b

Manufactures and markets polystyrene and compound resin disposable food containers in Japan.