Japanese Materials Low Leverage High Rewards

Yamax

Market Cap: JP¥14.2b

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

Aica Kogyo Company

Market Cap: JP¥221.1b

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

Nippon Fine Chemical

Market Cap: JP¥54.0b

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

Sakata INX

Market Cap: JP¥113.8b

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

Asia Pile Holdings

Market Cap: JP¥53.3b

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

Mory Industries

Market Cap: JP¥35.7b

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

Shinagawa Refra

Market Cap: JP¥87.4b

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

Tokyo Printing Ink Mfg

Market Cap: JP¥16.6b

Manufactures and sells specialty chemicals in Japan.

Zeon

Market Cap: JP¥348.9b

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

Taiyo KagakuLtd

Market Cap: JP¥44.1b

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

Nissan Chemical

Market Cap: JP¥898.5b

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

Nitto Denko

Market Cap: JP¥2.0t

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

Mino Ceramic

Market Cap: JP¥12.0b

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

Konishi

Market Cap: JP¥88.7b

Manufactures and sells synthetic adhesives in Japan.

Muto Seiko

Market Cap: JP¥13.4b

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

Yamato Kogyo

Market Cap: JP¥723.8b

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

Nippon Carbide Industries

Market Cap: JP¥25.2b

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

KurimotoLtd

Market Cap: JP¥91.3b

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

Ohishi Sangyo

Market Cap: JP¥10.6b

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

Adeka

Market Cap: JP¥378.1b

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

Asahi Yukizai

Market Cap: JP¥106.9b

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

Taoka Chemical Company

Market Cap: JP¥12.9b

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

ChugokukogyoLtd

Market Cap: JP¥2.8b

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

Okamoto Industries

Market Cap: JP¥95.4b

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

FP

Market Cap: JP¥191.4b

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

NOF

Market Cap: JP¥733.0b

Manufactures chemicals in Japan.

Hokko Chemical Industry

Market Cap: JP¥44.0b

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

Mitani Sekisan

Market Cap: JP¥118.8b

Produces and sells concrete products in Japan.

Kyoei Steel

Market Cap: JP¥79.4b

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

Chugoku Marine Paints

Market Cap: JP¥157.5b

Produces and sells functional coatings worldwide.

Tosoh

Market Cap: JP¥752.3b

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

OAT Agrio

Market Cap: JP¥28.3b

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

JSP

Market Cap: JP¥64.5b

Manufactures and sells expanded polymers worldwide.

Yodoko

Market Cap: JP¥187.3b

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

Nihon Yamamura Glass

Market Cap: JP¥31.6b

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

Takasago International

Market Cap: JP¥115.7b

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