Japanese Materials Low Leverage High Rewards

Yamax

Market Cap: JP¥16.0b

Engages in the provision of civil engineering and architectural concrete products in Japan.

Nippon Fine Chemical

Market Cap: JP¥54.3b

Manufactures and sells fine chemical, cosmetic, and industrial chemical products in Japan and internationally.

Aica Kogyo Company

Market Cap: JP¥228.0b

Manufactures and sells chemical products in Japan, China, rest of Asia, Oceania, and internationally.

Sakata INX

Market Cap: JP¥108.7b

Manufactures and sells various printing inks and auxiliary agents in Japan, Asia, the America, Europe, and internationally.

Asia Pile Holdings

Market Cap: JP¥54.3b

Through its subsidiaries, engages in the foundation construction business in Japan and Vietnam.

Zeon

Market Cap: JP¥336.5b

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

Mory Industries

Market Cap: JP¥37.2b

Manufactures and sells stainless steel and welded carbon steel products in Japan.

Tokyo Printing Ink Mfg

Market Cap: JP¥19.0b

Manufactures and sells specialty chemicals in Japan.

Shinagawa Refra

Market Cap: JP¥97.5b

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

Yamato Kogyo

Market Cap: JP¥724.0b

Through its subsidiaries, engages in the manufacture and sale of steel products in Japan and internationally.

Nippon Carbide Industries

Market Cap: JP¥25.3b

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

KurimotoLtd

Market Cap: JP¥93.8b

Manufactures and sells ductile iron pipes and accessories, valves, and industrial and construction materials in Japan and internationally.

Nissan Chemical

Market Cap: JP¥817.7b

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

Mino Ceramic

Market Cap: JP¥12.4b

Designs, produces, and sells refractories and advanced ceramics in Japan and internationally.

Konishi

Market Cap: JP¥85.8b

Manufactures and sells synthetic adhesives in Japan.

Muto Seiko

Market Cap: JP¥14.9b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.

Ohishi Sangyo

Market Cap: JP¥11.3b

Engages in the manufacture and sale of industrial packaging materials primarily in Japan.

Adeka

Market Cap: JP¥383.0b

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

ChugokukogyoLtd

Market Cap: JP¥2.8b

Manufactures and sells high voltage, steel structure, and facility equipment in Japan.

Taoka Chemical Company

Market Cap: JP¥13.7b

Manufactures and sells chemicals, functional materials, and resin additives in Japan and internationally.

Asahi Yukizai

Market Cap: JP¥108.9b

Engages in the piping system, resin, and water treatment and resource development businesses in Japan.

OAT Agrio

Market Cap: JP¥27.8b

Researches, develops, manufactures, and sells agrochemicals and fertilizers in Japan.

Tosoh

Market Cap: JP¥720.1b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals.

NOF

Market Cap: JP¥663.9b

Manufactures chemicals in Japan.

Okamoto Industries

Market Cap: JP¥99.5b

Manufactures and sells industrial and household products in Japan and internationally.

FP

Market Cap: JP¥188.8b

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

Hokko Chemical Industry

Market Cap: JP¥45.2b

Together with subsidiaries, manufactures and sells crop protection and fine chemicals products in Japan and internationally.

Chugoku Marine Paints

Market Cap: JP¥176.9b

Produces and sells functional coatings worldwide.

Kyoei Steel

Market Cap: JP¥102.5b

Engages in the manufacture, processing, and sells of billets and steel products in Japan, Vietnam, North America, and internationally.

Mitani Sekisan

Market Cap: JP¥124.2b

Produces and sells concrete products in Japan.

Nihon Yamamura Glass

Market Cap: JP¥30.7b

Produces and sells glass bottles and plastic caps in Japan and internationally.

Yodoko

Market Cap: JP¥217.4b

Engages in the manufacture and sales of steel products for industrial and consumer products in Japan.

Takasago International

Market Cap: JP¥117.0b

Manufactures and sells flavors, fragrances, aroma ingredients, and fine chemicals in Japan, the Americas, Europe, and Asia.

Shin-Etsu PolymerLtd

Market Cap: JP¥162.0b

Develops and supplies PVC and semiconductor silicone products worldwide.

Dai Nippon Toryo Company

Market Cap: JP¥36.6b

Manufactures and sells coatings and jet inks in Japan and internationally.

Okura Industrial

Market Cap: JP¥52.9b

Manufactures and sells polyethylene and polypropylene products in Japan.