Japanese Materials Low Leverage High Rewards

Matsumoto Yushi-SeiyakuLtd

Market Cap: JP¥57.4b

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

Toagosei

Market Cap: JP¥174.5b

Manufactures chemical products.

Takemoto Yohki

Market Cap: JP¥10.3b

Plans, develops, manufactures, and sells plastic packaging containers in Japan, China, India, the United States, Thailand, the Netherlands, and internationally.

Kumiai Chemical Industry

Market Cap: JP¥83.0b

Manufactures and sells agrochemicals in Japan and internationally.

Fuji Seal International

Market Cap: JP¥163.9b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Dynapac

Market Cap: JP¥23.9b

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

Mory Industries

Market Cap: JP¥38.2b

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

Tokyo Printing Ink Mfg

Market Cap: JP¥18.3b

Manufactures and sells specialty chemicals in Japan and internationally.

Nihon Kagaku Sangyo

Market Cap: JP¥46.2b

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

artience

Market Cap: JP¥168.7b

Engages in the colorants and functional materials, polymers and coatings, printing and information, and packaging materials businesses in Japan, Europe, Asia, the Americas, and internationally.

Sanyo Chemical Industries

Market Cap: JP¥109.3b

Manufactures and sells chemical products in Japan.

Hodogaya Chemical

Market Cap: JP¥30.0b

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

KurimotoLtd

Market Cap: JP¥100.2b

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

Nippon Denko

Market Cap: JP¥41.2b

Engages in the ferroalloys, functional materials, incineration ash recycling, aqua solutions, and electric power businesses in Japan.

Tokyo Tekko

Market Cap: JP¥49.4b

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

Nippon Carbide Industries

Market Cap: JP¥23.1b

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

Nippon Crucible

Market Cap: JP¥4.0b

Through its subsidiaries, engages in the manufacture and sale of refractory products primarily in Japan.

SE

Market Cap: JP¥7.9b

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

Daido Steel

Market Cap: JP¥321.8b

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

Nihon Parkerizing

Market Cap: JP¥154.1b

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

Taiyo KagakuLtd

Market Cap: JP¥39.3b

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

Araya Industrial

Market Cap: JP¥23.2b

Manufactures and sells steel products in Japan and internationally.

Natoco

Market Cap: JP¥11.7b

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

Nicca ChemicalLtd

Market Cap: JP¥25.5b

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.

Toin

Market Cap: JP¥4.3b

Engages in the packaging materials, precision coating, and other businesses in Japan.

Yamau Holdings

Market Cap: JP¥14.2b

Manufactures and sells concrete products in Japan.

MORESCO

Market Cap: JP¥13.0b

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

Taoka Chemical Company

Market Cap: JP¥17.5b

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

Shin-Etsu Chemical

Market Cap: JP¥9.0t

Provides infrastructure, electronics, and functional materials in Japan.

Furubayashi ShikoLtd

Market Cap: JP¥2.6b

Plans, designs, prints, processes, manufactures, and sells packaging products in Japan, China, and Taiwan.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥68.6b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

Asahipen

Market Cap: JP¥6.7b

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

PILLAR

Market Cap: JP¥102.3b

Designs, develops, manufactures, and sells various fluid control equipment in Japan and internationally.

POVAL KOGYO

Market Cap: JP¥3.4b

Manufactures and sells special and resin belts in Japan.

Toyo Drilube

Market Cap: JP¥5.4b

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

Hokuetsu

Market Cap: JP¥148.0b

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