Japanese Materials Low Leverage High Rewards

Showa Paxxs

Market Cap: JP¥8.0b

Manufactures and sells packaging containers and materials in Japan and internationally.

Maruichi Steel Tube

Market Cap: JP¥261.4b

Manufactures and sells steel tubes, surface treated steel sheets, and poles in Japan, North America, and Asia.

Tokushu Tokai Paper

Market Cap: JP¥43.0b

Manufactures, processes, and sells paper products in Japan.

TYK

Market Cap: JP¥21.6b

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

Yotai Refractories

Market Cap: JP¥32.6b

Engages in the manufacture and sale of refractories and new ceramics, as well as related engineering business in Japan.

ZACROS

Market Cap: JP¥72.8b

Provides packaging materials, medical/pharmaceutical packaging materials, and materials for the functional fields in Japan and internationally.

Sun A.Kaken CompanyLimited

Market Cap: JP¥5.5b

Manufactures and sells packaging material-related products in Japan.

Nozawa

Market Cap: JP¥9.7b

Manufactures and sells extruded cement panels in Japan.

Sumitomo Bakelite

Market Cap: JP¥293.4b

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

Dai Nippon Toryo Company

Market Cap: JP¥35.5b

Manufactures and sells coatings and jet inks in Japan and internationally.

Tenma

Market Cap: JP¥71.1b

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

Fumakilla

Market Cap: JP¥18.0b

Manufactures, sells, imports, and exports household, gardening, and business products worldwide.

MEC

Market Cap: JP¥45.3b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials used in the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

Okaya

Market Cap: JP¥132.8b

Engages in the selling, exporting, and importing of various products in Japan and internationally.

Riken Technos

Market Cap: JP¥51.7b

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

Dowa Holdings

Market Cap: JP¥271.1b

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

Koatsu Gas Kogyo

Market Cap: JP¥52.4b

Engages in the gas, chemical products, and IT solutions business in Japan.

Kohsoku

Market Cap: JP¥40.2b

Engages in the sale of light food packaging materials in Japan.

AtomixLtd

Market Cap: JP¥3.2b

Engages in the manufacture and sale of paints in Japan and internationally.

Osaka Organic Chemical Industry

Market Cap: JP¥49.3b

Engages in the production and marketing of organic chemistry industry products, organic reagents, petrochemical products, and special polymers in Japan.

Kaneka

Market Cap: JP¥220.5b

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.