Japanese Materials Low Leverage High Rewards

Kuraray

Market Cap: JP¥486.6b

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

PILLAR

Market Cap: JP¥102.3b

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

Yushiro

Market Cap: JP¥36.4b

Manufactures and sells metalworking oils and fluids, and building maintenance products in Japan, the Americas, the United States, China, Southeast Asia, and India.

Takasago International

Market Cap: JP¥142.8b

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

Soken Chemical & Engineering

Market Cap: JP¥43.6b

Manufactures and sells acrylic pressure-sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes in Japan, China, and internationally.

Hakudo

Market Cap: JP¥25.3b

Processes and sells metal and plastic materials in Japan, China, Thailand, and Vietnam.

Sumitomo Osaka Cement

Market Cap: JP¥118.8b

Engages in the cement business in Japan and internationally.

Asahi PrintingLtd

Market Cap: JP¥18.2b

Engages in the manufacturing and sale of printed packaging materials and systems in Japan.

LINTEC

Market Cap: JP¥285.2b

Manufactures and sells adhesive-related products in Japan.

Eidai KakoLtd

Market Cap: JP¥2.2b

Manufactures, imports, and sells plastic sheets in Japan.

Nippon Soda

Market Cap: JP¥193.8b

Provides agri-business, pharmaceuticals, specialty chemicals, eco chemicals, and chlor-alkali products in Japan and internationally.

Valqua

Market Cap: JP¥69.3b

Designs, manufactures, processes, and sells fiber, fluorocarbon resin, rubber, and other materials in Japan and internationally.

Nihon Nohyaku

Market Cap: JP¥79.8b

Manufactures and sells agricultural chemicals in Japan, the United States, India, rest of Asia, Brazil, and internationally.

Toyo Seikan Group Holdings

Market Cap: JP¥580.9b

Manufactures and sells packaging containers in Japan, rest of Asia, and internationally.

Carlit

Market Cap: JP¥42.3b

Through its subsidiaries, engages in the manufacture and sale of industrial explosives.

TYK

Market Cap: JP¥25.2b

Engages in the manufacture and sale of functional refractories and ceramics worldwide.

Aichi Steel

Market Cap: JP¥185.7b

Manufactures and sells steel materials, forged products, electronic functional materials and components, and magnetic products in Japan, the United States, Thailand, China, and internationally.

Yotai Refractories

Market Cap: JP¥32.8b

Manufactures and sells refractories and ceramics in Japan and internationally.

Kogi

Market Cap: JP¥4.1b

Manufactures and sells casting roll-related products, environmental equipment, and friction materials in Japan and internationally.

Okura Industrial

Market Cap: JP¥55.2b

Manufactures and sells polyethylene and polypropylene products in Japan.

Daito Chemix

Market Cap: JP¥9.2b

Manufactures and sells specialty and fine chemicals in Japan, South Korea, Singapore, rest of Asia, and the United States.

ZACROS

Market Cap: JP¥83.4b

Manufactures and sells products for wellness environmental solutions, electronic materials, and industrial infrastructure in Japan and internationally.

Gun Ei Chemical Industry

Market Cap: JP¥26.6b

Manufactures and sells synthetic resins and fibers in Japan and internationally.

Sumitomo Bakelite

Market Cap: JP¥457.0b

Engages in the research and development, manufacture, and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

Nozawa

Market Cap: JP¥12.2b

Manufactures and sells extruded cement panels in Japan.

Nippon Chemical Industrial

Market Cap: JP¥23.4b

Manufactures and sells various chemical products in Japan.

AtomixLtd

Market Cap: JP¥3.9b

Manufactures and sells paints in Japan and internationally.

Kaneka

Market Cap: JP¥267.9b

Engages in the manufacture and sale of polyvinyl chloride (PVC), crosslinked PVC, PVC-PVAc polymers, paste PVC, acryl grafted-vinyl chloride copolymer, and chlorinated PVC in Japan and internationally.

Nihon Seiko

Market Cap: JP¥24.3b

Manufactures and sells antimony products and metal powders in Japan.

Riken Technos

Market Cap: JP¥73.2b

Engages in compound, film, and food packaging businesses in Japan and internationally.

Dowa Holdings

Market Cap: JP¥409.7b

Engages in the environmental management and recycling, nonferrous metals, electronic materials, metal processing, and heat treatment businesses.