Japanese Materials Potentially Undervalued Small Caps

TOKYO KOATSU

Market Cap: JP¥1.9b

Manufactures and sells industrial gases.

Daishin ChemicalLtd

Market Cap: JP¥8.5b

Manufactures and sells various paints and chemicals in Japan.

ChugokukogyoLtd

Market Cap: JP¥2.8b

Manufactures and sells high voltage, steel structure, and facility equipment in Japan.

Isamu Paint

Market Cap: JP¥7.1b

Manufactures and sells paints, solvents, and building materials in Japan.

Showa Chemical Industry

Market Cap: JP¥5.4b

Engages in manufacturing and selling diatomite and perlite filter aids under the Radiolite and Topco brand in China and Japan.

Superbag Company

Market Cap: JP¥3.3b

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

TODA KOGYO

Market Cap: JP¥8.2b

Manufactures and sells functional pigments and electronic materials in Japan and internationally.

Sankei Chemical

Market Cap: JP¥1.5b

Manufactures and sells agricultural chemicals and pesticides in Japan.

Eidai KakoLtd

Market Cap: JP¥2.4b

Manufactures, imports, and sells resin sheets in Japan.

Sanyu

Market Cap: JP¥4.1b

Produces and sells steel products in Japan.

AmifaLtd

Market Cap: JP¥4.0b

Manufactures and distributes lifestyle products in Japan.

Kogi

Market Cap: JP¥4.6b

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

Shoei

Market Cap: JP¥5.7b

Engages in the sales promotion support and product sales businesses in Japan.

Takamisawa

Market Cap: JP¥5.3b

Engages in the manufacture and sale of secondary concrete products, ready-mixed concrete, gravel, sand, cement, and other construction materials in Japan.

Kawaguchi Chemical Industry

Market Cap: JP¥1.8b

Manufactures and sells chemicals in Japan, the rest of Asia, and internationally.