Japanese Materials Low Leverage High Rewards

Godo Steel

Market Cap: JP¥58.7b

Manufactures and sells steel products in Japan.

Sun A.Kaken CompanyLimited

Market Cap: JP¥8.3b

Manufactures and sells packaging material-related products in Japan.

Shin-Etsu PolymerLtd

Market Cap: JP¥163.1b

Develops and supplies PVC and semiconductor silicone products worldwide.

Sanyo Chemical Industries

Market Cap: JP¥124.1b

Manufactures and sells chemical products in Japan.

Tokyo Printing Ink Mfg

Market Cap: JP¥19.3b

Manufactures and sells specialty chemicals in Japan.

Fuji Seal International

Market Cap: JP¥172.7b

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

Dynapac

Market Cap: JP¥25.3b

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

artience

Market Cap: JP¥177.9b

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.

Kumiai Chemical Industry

Market Cap: JP¥85.3b

Manufactures and sells agrochemicals in Japan and internationally.

Toagosei

Market Cap: JP¥195.6b

Manufactures chemical products.

Hodogaya Chemical

Market Cap: JP¥36.9b

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

Nippon Denko

Market Cap: JP¥50.2b

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

Taiyo KagakuLtd

Market Cap: JP¥46.2b

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

Tokyo Tekko

Market Cap: JP¥53.1b

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

Nippon Carbide Industries

Market Cap: JP¥26.2b

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

Daido Steel

Market Cap: JP¥416.2b

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

Nippon Crucible

Market Cap: JP¥4.3b

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

Natoco

Market Cap: JP¥12.0b

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

KurimotoLtd

Market Cap: JP¥104.8b

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

SE

Market Cap: JP¥8.6b

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

Araya Industrial

Market Cap: JP¥21.1b

Manufactures and sells steel products in Japan and internationally.

Nihon Parkerizing

Market Cap: JP¥166.2b

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

Shin-Etsu Chemical

Market Cap: JP¥9.8t

Provides infrastructure, electronics, and functional materials in Japan.

Nitta Gelatin

Market Cap: JP¥22.7b

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

Yamau Holdings

Market Cap: JP¥15.5b

Manufactures and sells concrete products in Japan.

Nicca ChemicalLtd

Market Cap: JP¥25.8b

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.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥74.9b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

Taoka Chemical Company

Market Cap: JP¥15.6b

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

MORESCO

Market Cap: JP¥17.3b

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

Stella Chemifa

Market Cap: JP¥65.6b

Manufactures and sells high-purity chemical products in Japan and internationally.

Asahipen

Market Cap: JP¥6.8b

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

JSP

Market Cap: JP¥69.4b

Manufactures and sells expanded polymers worldwide.

Kimoto

Market Cap: JP¥11.8b

Engages in the manufacture and sale of various film and paper products in Japan and internationally.

Hokuetsu

Market Cap: JP¥157.1b

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

Kuraray

Market Cap: JP¥538.7b

Engages in the production and sale of resins, chemicals, fibers, activated carbon, and high-performance membranes and systems worldwide.

Toyo Drilube

Market Cap: JP¥6.0b

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