Japanese Materials Low Leverage High Rewards

Nissan Chemical

Market Cap: JP¥566.1b

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

Mino Ceramic

Market Cap: JP¥8.2b

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

Nihon Parkerizing

Market Cap: JP¥136.3b

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

Kuriyama Holdings

Market Cap: JP¥25.7b

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

Yamax

Market Cap: JP¥13.0b

Engages in the manufacture and sale of concrete and cement products for the construction and civil engineering projects in Japan.

Nippon Shokubai

Market Cap: JP¥253.7b

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

Chugoku Marine Paints

Market Cap: JP¥102.6b

Produces and sells functional coatings worldwide.

Nihon Kagaku Sangyo

Market Cap: JP¥29.0b

Produces and sells industrial chemicals and building materials in Japan and internationally.

Asia Pile Holdings

Market Cap: JP¥34.2b

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

Maruo Calcium

Market Cap: JP¥2.9b

Manufactures and sells various calcium carbonate and other industrial raw materials in Japan.

SE

Market Cap: JP¥8.1b

Engages in construction material and equipment business in Japan and internationally.

Taiyo KagakuLtd

Market Cap: JP¥28.8b

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

Nippon Carbide Industries

Market Cap: JP¥15.7b

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

Yamato Kogyo

Market Cap: JP¥528.8b

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

Shikoku Kasei Holdings

Market Cap: JP¥82.0b

Engages in the research and development, manufacture, and sale of chemical products and housing materials in Japan and internationally.

Nitto Denko

Market Cap: JP¥1.7t

Primarily engages in the adhesive tapes business in Japan, the Americas, Europe, Asia, and Oceania.

Sakai Chemical Industry

Market Cap: JP¥40.7b

Provides various chemical products in Japan.

Ohishi Sangyo

Market Cap: JP¥10.6b

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

KurimotoLtd

Market Cap: JP¥57.4b

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

Tokyo Tekko

Market Cap: JP¥48.3b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

MORESCO

Market Cap: JP¥10.8b

Develops, manufactures, and sells chemical products in Japan and internationally.

Aica Kogyo Company

Market Cap: JP¥207.8b

Develops, produces, and sells chemical products, and laminates and building materials in Japan and internationally.

Sakata INX

Market Cap: JP¥91.3b

Manufactures and sells various printing inks and auxiliary agents in Japan and internationally.

Nippon Fine Chemical

Market Cap: JP¥48.1b

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

ChugokukogyoLtd

Market Cap: JP¥1.7b

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

Adeka

Market Cap: JP¥261.1b

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

Nicca ChemicalLtd

Market Cap: JP¥20.9b

Manufactures and sells surfactants for textile chemicals, metals, pulp and paper, paints, dyes, synthetic resins, and dry and professional cleaning agents in Japan and internationally.

Asahi Yukizai

Market Cap: JP¥70.3b

Engages in the piping and foundry materials, resins, and water treatment and natural resources exploitation businesses in Japan.

Yamau Holdings

Market Cap: JP¥10.7b

Manufactures and sells concrete products in Japan.

Kyoei Steel

Market Cap: JP¥87.2b

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

Okamoto Industries

Market Cap: JP¥87.2b

Engages in the manufacture and sale of industrial and household products in Japan and internationally.

Tosoh

Market Cap: JP¥640.0b

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

Hokuetsu

Market Cap: JP¥184.6b

Manufactures and sells paper products in Japan, the United State, China, rest of Asia, and internationally.

Hokko Chemical Industry

Market Cap: JP¥32.1b

Manufactures and sells crop protection and fine chemicals products in Japan.

Asahipen

Market Cap: JP¥6.8b

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

Krosaki Harima

Market Cap: JP¥84.0b

Manufactures and sells refractory and ceramic products in Japan and internationally.