Japanese Software Undervalued Small Caps

Cybozu

Market Cap: JP¥122.1b

Engages in the development, sale, and operation of groupware in Japan.

WingArc1st

Market Cap: JP¥110.8b

Provides software and services in Japan.

System Support Holdings

Market Cap: JP¥23.2b

Engages in the planning, development, operation, and maintenance of IT systems in Japan and North America.

TechMatrix

Market Cap: JP¥82.1b

Engages in the information infrastructure and application service business in Japan.

I'LL

Market Cap: JP¥56.5b

Operates as a system solution business in Japan.

m-up holdings

Market Cap: JP¥54.8b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

ULS Group

Market Cap: JP¥31.8b

Provides consulting and contract development services related to information systems in Japan.

Digital Arts

Market Cap: JP¥54.5b

Develops and markets internet security software and appliances in Japan, the United States, Europe, and the Asia Pacific.

BASEInc

Market Cap: JP¥35.1b

Engages in the planning, development, and operation of web services in Japan.

Startia HoldingsInc

Market Cap: JP¥28.8b

Engages in the IT business in Japan and internationally.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥16.8b

Engages in the debugging, media, and other businesses.