Japanese Materials Low Leverage High Rewards

Mino Ceramic

Market Cap: JP¥12.2b

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

Nippon Fine Chemical

Market Cap: JP¥55.5b

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

Aica Kogyo Company

Market Cap: JP¥220.6b

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

Tosoh

Market Cap: JP¥812.8b

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

T. Hasegawa

Market Cap: JP¥115.3b

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.

Mory Industries

Market Cap: JP¥38.2b

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

Koatsu Gas Kogyo

Market Cap: JP¥62.7b

Engages in the gas and chemical products businesses in Japan.

Zeon

Market Cap: JP¥353.3b

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

Asia Pile Holdings

Market Cap: JP¥54.0b

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

Konishi

Market Cap: JP¥84.6b

Manufactures and sells synthetic adhesives in Japan.

Ohishi Sangyo

Market Cap: JP¥11.1b

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

Yamato Kogyo

Market Cap: JP¥727.6b

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

Muto Seiko

Market Cap: JP¥15.8b

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

Sakai Chemical Industry

Market Cap: JP¥48.7b

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

Nissan Chemical

Market Cap: JP¥745.9b

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

Yamax

Market Cap: JP¥19.9b

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

Kuriyama Holdings

Market Cap: JP¥33.6b

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

Sakata INX

Market Cap: JP¥116.9b

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

Asahi Yukizai

Market Cap: JP¥93.3b

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

Adeka

Market Cap: JP¥469.9b

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.

Chugoku Marine Paints

Market Cap: JP¥219.3b

Produces and sells functional coatings worldwide.

Okamoto Industries

Market Cap: JP¥94.7b

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

FP

Market Cap: JP¥212.0b

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

Mitani Sekisan

Market Cap: JP¥137.0b

Produces and sells concrete products in Japan.

Hokko Chemical Industry

Market Cap: JP¥45.7b

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

Kyoei Steel

Market Cap: JP¥107.9b

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

Nippon Chuzo K. K

Market Cap: JP¥4.0b

Engages in supplying large, special, and steel castings for construction in Japan.

Nihon Yamamura Glass

Market Cap: JP¥32.3b

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

Yodoko

Market Cap: JP¥204.7b

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

Matsumoto Yushi-SeiyakuLtd

Market Cap: JP¥57.8b

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

Shin-Etsu PolymerLtd

Market Cap: JP¥163.0b

Develops and supplies PVC and semiconductor silicone products worldwide.

Sun A.Kaken CompanyLimited

Market Cap: JP¥8.1b

Manufactures and sells packaging material-related products in Japan.

Fujikura Kasei

Market Cap: JP¥22.1b

Provides various coatings and painting materials in Japan and internationally.

Godo Steel

Market Cap: JP¥58.3b

Manufactures and sells steel products in Japan.

Sumitomo Seika Chemicals Company

Market Cap: JP¥69.7b

Sumitomo Seika Chemicals Company, Limited.