Japanese Materials Low Leverage High Rewards

Mino Ceramic

Market Cap: JP¥13.2b

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

Nippon Fine Chemical

Market Cap: JP¥56.0b

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

Asia Pile Holdings

Market Cap: JP¥57.8b

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

Muto Seiko

Market Cap: JP¥16.2b

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

Konishi

Market Cap: JP¥92.0b

Manufactures and sells synthetic adhesives in Japan.

Nihon Parkerizing

Market Cap: JP¥182.8b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Nissan Chemical

Market Cap: JP¥1.0t

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

Ohishi Sangyo

Market Cap: JP¥10.2b

Manufactures and sells industrial packaging materials primarily in Japan.

Sakai Chemical Industry

Market Cap: JP¥64.2b

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

Yamato Kogyo

Market Cap: JP¥805.5b

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

KH Neochem

Market Cap: JP¥123.4b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

Adeka

Market Cap: JP¥399.5b

Engages in chemicals, food, and life sciences businesses.

ChugokukogyoLtd

Market Cap: JP¥2.7b

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

Sakata INX

Market Cap: JP¥128.2b

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

Yamax

Market Cap: JP¥14.0b

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

Yamau Holdings

Market Cap: JP¥13.6b

Manufactures and sells concrete products in Japan.

OAT Agrio

Market Cap: JP¥24.7b

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

NOF

Market Cap: JP¥618.4b

Manufactures chemicals in Japan.

Chugoku Marine Paints

Market Cap: JP¥184.6b

Produces and sells functional coatings worldwide.

Asahipen

Market Cap: JP¥6.4b

Manufactures, imports, and sells various paints and painting supplies, and household supplies in Japan.

Hokko Chemical Industry

Market Cap: JP¥51.1b

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

POVAL KOGYO

Market Cap: JP¥3.6b

Manufactures and sells general bonding and resin processed items in Japan, rest of Asia, and internationally.

Mitani Sekisan

Market Cap: JP¥131.7b

Produces and sells concrete products in Japan.

Toyo Seikan Group Holdings

Market Cap: JP¥640.0b

Manufactures and sells packaging containers in Japan, rest of Asia, and internationally.

Yushiro

Market Cap: JP¥41.2b

Manufactures and sells metalworking oils and fluids, and building maintenance products in Japan, the Americas, the United States, China, Southeast Asia, and India.

Nihon Yamamura Glass

Market Cap: JP¥28.7b

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

Takasago International

Market Cap: JP¥117.2b

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

Shin-Etsu PolymerLtd

Market Cap: JP¥186.4b

Engages in the development and supply of PVC and semiconductor silicone products worldwide.

Matsumoto Yushi-SeiyakuLtd

Market Cap: JP¥57.2b

Manufactures and markets fiber and textile chemicals, microcapsules, various surfactants, and high polymer based products in Japan and Indonesia.

Sk KakenLtd

Market Cap: JP¥120.5b

Manufactures and sells organic and inorganic water-based coating materials, synthetic resin paints, inorganic coating materials, and inorganic building materials in Japan and internationally.

T. Hasegawa

Market Cap: JP¥134.0b

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.

Sumitomo Seika Chemicals Company

Market Cap: JP¥93.4b

Sumitomo Seika Chemicals Company, Limited.

Aichi Steel

Market Cap: JP¥205.3b

Manufactures and sells steel materials, forged products, electronic functional materials and components, and magnetic products in Japan, the United States, Thailand, China, and internationally.

TYK

Market Cap: JP¥31.1b

Engages in the manufacture and sale of functional refractories and ceramics worldwide.

Sun A.Kaken CompanyLimited

Market Cap: JP¥7.6b

Manufactures and sells packaging material-related products in Japan.

Mory Industries

Market Cap: JP¥35.7b

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