Japanese Materials Low Leverage High Rewards

Toagosei

Market Cap: JP¥195.7b

Manufactures and sells chemical products.

Koatsu Gas Kogyo

Market Cap: JP¥59.8b

Engages in the gas and chemical products businesses in Japan.

Mory Industries

Market Cap: JP¥35.7b

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

Nihon Seiko

Market Cap: JP¥15.2b

Manufactures and sells antimony products and metal powders in Japan.

Nihon Kagaku Sangyo

Market Cap: JP¥40.5b

Engages in the manufacture and sale of industrial chemicals and building materials in Japan and internationally.

Shinagawa Refra

Market Cap: JP¥95.8b

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

Sanyo Chemical Industries

Market Cap: JP¥130.3b

Manufactures and sells chemical products in Japan.

Dynapac

Market Cap: JP¥22.0b

Engages in the manufacture and sale of packaging materials in Japan and internationally.

KurimotoLtd

Market Cap: JP¥103.4b

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

Taiyo KagakuLtd

Market Cap: JP¥44.7b

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

Maruo Calcium

Market Cap: JP¥3.1b

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

Tokyo Tekko

Market Cap: JP¥48.8b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Daido Steel

Market Cap: JP¥459.7b

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

Araya Industrial

Market Cap: JP¥25.3b

Manufactures and sells steel products in Japan and internationally.

Hodogaya Chemical

Market Cap: JP¥33.1b

Primarily engages in the production and sale of organic industrial chemicals in Japan.

Nippon Carbide Industries

Market Cap: JP¥33.0b

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

Natoco

Market Cap: JP¥13.1b

Manufactures and sells paints, inks, fine chemicals, synthetic resins, and related products in Japan.

Asahi Yukizai

Market Cap: JP¥115.0b

Engages in the pipe and fittings system, resin, and water treatment and resource development businesses in Japan, the United States, and internationally.

Aica Kogyo Company

Market Cap: JP¥256.0b

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

Nitta Gelatin

Market Cap: JP¥24.3b

Produces and sells gelatin, collagen peptide, collagen, and food materials in Japan.

Pack

Market Cap: JP¥80.6b

Manufactures and sells paper products, film packaging, and other products in Japan and internationally.

Kuriyama Holdings

Market Cap: JP¥34.5b

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

Nankai PlywoodLtd

Market Cap: JP¥7.4b

Manufactures and sells interior building materials in Japan.

MORESCO

Market Cap: JP¥20.3b

Develops, manufactures, and sells chemical products in Japan, China, Southeast/South Asia, and North America.

Nakayama Steel Works

Market Cap: JP¥36.1b

Engages in the steel, engineering, building materials, and real estate businesses in Japan.

JCU

Market Cap: JP¥160.0b

Engages in the produces and sells chemicals, machines, and equipment in Japan.

Superbag Company

Market Cap: JP¥3.5b

Manufactures and markets paper and plastic shopping bags in Japan and internationally.

Hokuetsu

Market Cap: JP¥144.8b

Manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally.

JSP

Market Cap: JP¥77.6b

Manufactures and sells expanded polymers worldwide.

Kuraray

Market Cap: JP¥567.9b

Engages in the production and sale of resins, chemicals, fibers, and other-related materials in Japan, the United States, China, Europe, Asia, and internationally.

Tosoh

Market Cap: JP¥834.5b

Engages in the manufacture and sale of basic chemicals, petrochemicals, specialty products, and fine chemicals.

Chugai Mining

Market Cap: JP¥10.5b

Chugai Mining Co., Ltd. collects, processes, refines, and retails precious metals in Japan and internationally.

Nasu Denki-Tekko

Market Cap: JP¥23.5b

Designs, manufactures, and sells electricity, communications, and transportation infrastructure materials in Japan.

Kyoei Steel

Market Cap: JP¥82.3b

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

Toyo Drilube

Market Cap: JP¥5.2b

Engages in the research and development, manufacture, coating processing, and sale of solid film lubricants and functional film coating agents in Japan and internationally.

Kunimine Industries

Market Cap: JP¥15.0b

Engages in the mining, manufacture, and sale of bentonite ore in Japan.