Japanese Materials Undervalued over 20% based on DCF

JX Advanced Metals

Market Cap: JP¥3.7t

Develops, manufactures, and sells materials made from copper and rare metals in Japan.

Mitsubishi Chemical Group

Market Cap: JP¥1.6t

Engages in the manufacture and sale of performance products, industrial materials, and other products.

Tokyo Ohka Kogyo

Market Cap: JP¥1.2t

Manufactures and sells chemical products and process equipment in Japan and internationally.

Nissan Chemical

Market Cap: JP¥1.1t

Engages in the chemicals, performance materials, agricultural chemicals, and healthcare businesses in Japan and internationally.

Mitsui Chemicals

Market Cap: JP¥760.1b

Mitsui Chemicals, Inc. manufacture and sell goods or services in life & healthcare solutions, mobility solutions, ICT solutions, and basic & green materials worldwide.

NOF

Market Cap: JP¥628.2b

Manufactures chemicals in Japan.

Sumitomo Bakelite

Market Cap: JP¥626.9b

Engages in the research and development, manufacture, and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

Kansai Paint

Market Cap: JP¥475.7b

Manufactures and sells paints and coatings in Japan, India, China, Asia, Africa, Europe, and internationally.

DIC

Market Cap: JP¥441.9b

Manufactures and sells printing inks, organic pigments, and synthetic resins worldwide.

Zeon

Market Cap: JP¥438.2b

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

LINTEC

Market Cap: JP¥427.1b

Manufactures and sells adhesive-related products in Japan.

Adeka

Market Cap: JP¥401.6b

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

C.UyemuraLtd

Market Cap: JP¥390.1b

Engages in the research, development, manufacture, and sale of surface treatment chemicals and machinery in Japan, Taiwan, China, and internationally.

Daicel

Market Cap: JP¥357.7b

Engages in the materials, medical/healthcare, smart, safety, and engineering plastics businesses in Japan and internationally.

Denka

Market Cap: JP¥337.8b

Manufactures and sells organic and inorganic, electronic material, pharmaceutical, and resin-related products in Japan, Asia, and internationally.

Nippon Shokubai

Market Cap: JP¥307.6b

Engages in the manufacture and sale of chemical products in Japan and internationally.

Fujimi

Market Cap: JP¥304.2b

Manufactures and sells synthetic precision abrasives in Japan, North America, Asia, and Europe.

Osaka Soda

Market Cap: JP¥215.3b

Manufactures and sells basic and functional chemicals products in Asia, Europe, North America, and internationally.

Chugoku Marine Paints

Market Cap: JP¥174.9b

Produces and sells functional coatings worldwide.

MEC

Market Cap: JP¥165.1b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials for the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

Fuji Seal International

Market Cap: JP¥158.3b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Hokuetsu

Market Cap: JP¥136.4b

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

T. Hasegawa

Market Cap: JP¥130.9b

Produces, sells, imports, and exports fragrances, flavors, aromatic chemicals, food additives, and foods in Japan, China, the rest of Asia, the United States, and internationally.

Maeda Kosen

Market Cap: JP¥123.4b

Engages in the manufacture and sale of civil engineering materials, building materials, and non-woven fabrics in Japan.

Valqua

Market Cap: JP¥115.9b

Designs, manufactures, processes, and sells fiber, fluorocarbon resin, rubber, and other materials in Japan and internationally.

DKS

Market Cap: JP¥111.8b

Engages in the production and sale of surfactants, other industrial chemicals, and life sciences-related products in Japan and internationally.

Sanyo Chemical Industries

Market Cap: JP¥106.6b

Manufactures and sells chemical products in Japan.

OSAKA Titanium technologiesLtd

Market Cap: JP¥94.9b

Manufactures and sells titanium products in Japan, the United States of America, China, and internationally.

KeePer Technical Laboratory

Market Cap: JP¥80.3b

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

Rasa Industries

Market Cap: JP¥70.1b

Rasa Industries, Ltd. is involved in the chemicals, machinery, and electronic materials businesses in Japan and internationally.

Taiyo KagakuLtd

Market Cap: JP¥45.0b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Kuriyama Holdings

Market Cap: JP¥31.4b

Manufactures and sells of various hoses, rubber, and plastics products in Japan, the United States, Canada, Europe, and internationally.

Gun Ei Chemical Industry

Market Cap: JP¥30.0b

Manufactures and sells synthetic resins and fibers in Japan and internationally.

Chuetsu Pulp & Paper

Market Cap: JP¥25.8b

Produces, processes, and sells paper, pulp, and related by-products in Japan and internationally.

Sekisui Kasei

Market Cap: JP¥23.6b

Manufactures and sells plastic products in Japan, Asia, the United States, Central America, Europe, and internationally.

Kyowa Leather Cloth

Market Cap: JP¥20.8b

Manufactures and sells synthetic leather cover materials in Japan.