Japanese Undervalued Small Caps

Monogatari

Market Cap: JP¥151.0b

Operates a chain of restaurants in Japan and China.

Fudo Tetra

Market Cap: JP¥37.9b

Engages in the civil engineering, ground improvement, and blocks and environment businesses in Japan.

Hioki E.E

Market Cap: JP¥77.0b

Engages in the development, manufacture, and sale of electrical measuring instruments in Japan, China, other Asia, the United States of America, Europe, and internationally.

CURVES HOLDINGS

Market Cap: JP¥68.8b

Engages in the operation and management of fitness club for women under the Curves brand name in Japan.

Futaba Industrial

Market Cap: JP¥84.4b

Manufactures and sells automotive parts, equipment for external sales, and agricultural equipment in Japan and internationally.

Shinnihonseiyaku

Market Cap: JP¥45.9b

Engages in developing and selling cosmetics and healthcare products in Japan and internationally.

Aisan Industry

Market Cap: JP¥118.3b

Engages in the manufacture and sale of automotive parts in Japan and internationally.

Tokyo Electron Device

Market Cap: JP¥87.6b

A technology trading company, engages in the electronic components and computer networks businesses worldwide.

Noritsu Koki

Market Cap: JP¥177.8b

Manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

NISSO HOLDINGS

Market Cap: JP¥21.3b

Provides human resources services in Japan.

Trusco Nakayama

Market Cap: JP¥157.9b

Engages in the wholesale of work, measuring, and cutting tools; and auxiliary materials in Japan and internationally.

Tokyu Construction

Market Cap: JP¥116.0b

Engages in the civil engineering and building construction businesses in Japan.

DIP

Market Cap: JP¥111.3b

Engages in the human resources service business in Japan.

Nagano Keiki

Market Cap: JP¥43.4b

Manufactures and sells pressure gauges and sensors, measurement and control equipment, and other products in Japan and internationally.

Sanyo Trading

Market Cap: JP¥46.1b

Through its subsidiaries, engages in the rubber, chemical, green technology, industrial products, and life science businesses in Japan and internationally.

Sanko Gosei

Market Cap: JP¥25.5b

Engages in the molding and sale of plastic products and plastic molding dies in Japan and internationally.

Aiful

Market Cap: JP¥217.4b

Engages in the consumer finance and credit guarantee business in Japan.

A&D HOLON Holdings Company

Market Cap: JP¥53.4b

Provides measurement technologies and products.

gremsInc

Market Cap: JP¥53.9b

Engages in the energy solution and electricity retailing businesses in Japan.

KITZ

Market Cap: JP¥148.7b

Engages in the manufacturing and selling of valves, other flow control devices, and related products in Japan and internationally.

TOCALOLtd

Market Cap: JP¥120.2b

Develops surface modifying technologies in Japan and internationally.

JBCC Holdings

Market Cap: JP¥80.2b

Through its subsidiaries, provides information technology (IT) services in Japan.

Tri Chemical Laboratories

Market Cap: JP¥94.0b

Develops, manufactures, and sells high-purity chemicals for semiconductor manufacturing in Japan, Taiwan, China, South Korea, and internationally.It offers semiconductors, coating, optical, fiber, compound semiconductor, and reagents.

I'LL

Market Cap: JP¥58.8b

Operates as a system solution business in Japan.

BuySell TechnologiesLtd

Market Cap: JP¥99.3b

Engages in the kimono/branded goods reuse business in Japan.

Cybozu

Market Cap: JP¥138.7b

Develops, sells, and operates of groupware solutions in Japan.

Takara Bio

Market Cap: JP¥109.9b

Engages in the businesses of reagents, equipment, contract services, and genetic medicine in Japan, China, the rest of Asia, the United States, Europe, and internationally.

Takaoka Toko

Market Cap: JP¥55.0b

Engages in the power equipment, metering, GX solutions, and applied optical inspection equipment businesses.

Osaka Soda

Market Cap: JP¥202.8b

Manufactures and sells basic and functional products in Asia, Europe, North America, and internationally.

TRANSACTIONLtd

Market Cap: JP¥59.2b

Plans, designs, manufactures, and sells miscellaneous goods to companies and individuals in Japan and internationally.

Asahi Yukizai

Market Cap: JP¥83.8b

Engages in the piping system, resin, and water treatment and resource development businesses in Japan.

TerraSkyLtd

Market Cap: JP¥26.3b

Provides cloud products and solutions in Japan and internationally.

Maezawa Industries

Market Cap: JP¥33.3b

Designs, manufactures, sells, and installs equipment and apparatus for water supply and sewage systems in Japan and internationally.

Nishio Holdings

Market Cap: JP¥119.9b

Engages in the construction machinery rental business in Japan and internationally.

SMS

Market Cap: JP¥110.6b

Provides information infrastructure for the nursing care, medical care, career, healthcare, and elderly care field business areas in Japan and internationally.

WingArc1st

Market Cap: JP¥117.7b

Develops and sells software and services in Japan.