Japanese Materials Undervalued based on future growth

Taiheiyo Cement

Market Cap: JP¥382.4b

Engages in the cement, mineral resources, environmental, construction materials, and other businesses in Japan and internationally.

Tokuyama

Market Cap: JP¥267.5b

Produces and sells various chemical products in Japan.

Okaya

Market Cap: JP¥170.9b

Engages in the selling, exporting, and importing of iron and steel, special steel, non-ferrous metals in Japan and internationally.

Nippon Paper Industries

Market Cap: JP¥147.1b

Engages in the production and sale of pulp and paper products in Japan, Oceania, Asia, North America, and internationally.

Hokuetsu

Market Cap: JP¥143.0b

Manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally.

Kanto Denka Kogyo

Market Cap: JP¥80.9b

Manufactures and sells various chemical products in Japan, rest of Asia, Europe, and America.

Sakai Chemical Industry

Market Cap: JP¥49.9b

Manufactures and sells various chemical products in Japan, Asia, North America, Europe, the Middle East, and internationally.

Arakawa Chemical Industries

Market Cap: JP¥25.2b

Provides chemicals for functional coating agents and paper manufacturing, resins for printing inks and adhesives, and materials for electronics in Japan, China, Asia, North and South America, Europe, and internationally.

Nippon Carbide Industries

Market Cap: JP¥24.3b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Ultrafabrics HoldingsLtd

Market Cap: JP¥10.7b

Manufactures and sells polyurethane leather products in Japan, North America, Europe, and internationally.