Japanese Materials Low Leverage High Rewards

Aica Kogyo Company

Market Cap: JP¥215.5b

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

Nippon Fine Chemical

Market Cap: JP¥56.1b

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

Yamax

Market Cap: JP¥14.2b

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

Sakata INX

Market Cap: JP¥114.7b

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

Tokyo Printing Ink Mfg

Market Cap: JP¥16.8b

Manufactures and sells specialty chemicals in Japan.

Mory Industries

Market Cap: JP¥35.9b

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

Shinagawa Refra

Market Cap: JP¥88.5b

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

Zeon

Market Cap: JP¥360.1b

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

Muto Seiko

Market Cap: JP¥13.6b

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

Yamato Kogyo

Market Cap: JP¥724.2b

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

Konishi

Market Cap: JP¥90.7b

Manufactures and sells synthetic adhesives in Japan.

Ohishi Sangyo

Market Cap: JP¥10.5b

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

Nitto Denko

Market Cap: JP¥2.1t

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

KurimotoLtd

Market Cap: JP¥90.9b

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

Taiyo KagakuLtd

Market Cap: JP¥45.3b

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

Nissan Chemical

Market Cap: JP¥919.2b

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

Mino Ceramic

Market Cap: JP¥12.0b

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

Taoka Chemical Company

Market Cap: JP¥13.1b

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

Adeka

Market Cap: JP¥384.4b

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

ChugokukogyoLtd

Market Cap: JP¥2.7b

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

Asahi Yukizai

Market Cap: JP¥108.8b

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

Mitani Sekisan

Market Cap: JP¥121.7b

Produces and sells concrete products in Japan.

JSP

Market Cap: JP¥66.6b

Manufactures and sells expanded polymers worldwide.

Okamoto Industries

Market Cap: JP¥97.7b

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

OAT Agrio

Market Cap: JP¥26.5b

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

NOF

Market Cap: JP¥743.6b

Manufactures chemicals in Japan.

FP

Market Cap: JP¥190.2b

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

Hokko Chemical Industry

Market Cap: JP¥45.0b

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

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¥160.5b

Produces and sells functional coatings worldwide.

Yodoko

Market Cap: JP¥189.8b

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

Nihon Yamamura Glass

Market Cap: JP¥32.5b

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

Takasago International

Market Cap: JP¥116.4b

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

Shin-Etsu PolymerLtd

Market Cap: JP¥178.8b

Develops and supplies PVC and semiconductor silicone products worldwide.

T. Hasegawa

Market Cap: JP¥119.6b

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.

Topy Industries

Market Cap: JP¥65.0b

Engages in the steel, automotive, industrial machinery components, and other businesses in Japan.