Japanese Healthy potentially undervalued

Sanwa Holdings

Market Cap: JP¥859.4b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Asahi Group Holdings

Market Cap: JP¥2.5t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Skymark Airlines

Market Cap: JP¥22.3b

Provides scheduled air transportation services.

Konoike TransportLtd

Market Cap: JP¥169.9b

Engages in logistics business in Japan and internationally.

Tri Chemical Laboratories

Market Cap: JP¥89.8b

Develops, manufactures, and sells high-purity chemicals for semiconductor manufacturing in Japan, Taiwan, China, South Korea, and internationally.

Miura

Market Cap: JP¥339.2b

Produces and sells boilers in Japan and internationally.

Otsuka Holdings

Market Cap: JP¥4.9t

Engages in the pharmaceuticals, nutraceuticals, consumer products, and other businesses worldwide.

Japan Petroleum Exploration

Market Cap: JP¥392.1b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

KDDI

Market Cap: JP¥10.5t

Engages in the provision of mobile telecommunications services in Japan and internationally.

Ricoh Company

Market Cap: JP¥777.9b

Develops, manufactures, and sells digital products and services in Japan, the Americas, Europe, the Middle East, Africa, China, South East Asia, and Oceania.

MatsukiyoCocokara

Market Cap: JP¥1.1t

Operates and manages chain stores, drug stores, and insurance dispensing pharmacies in Japan.

Dentsu Group

Market Cap: JP¥875.3b

Operates in the advertising business in Japan, the Americas, Europe, the Middle East and Africa, and the Asia Pacific.

Tokai Carbon

Market Cap: JP¥210.9b

Manufactures and sells carbon-related products and services in Japan.

Rohto PharmaceuticalLtd

Market Cap: JP¥601.0b

Manufactures and markets pharmaceutical products, cosmetics, and functional foods worldwide.

Daicel

Market Cap: JP¥367.3b

Engages in the materials, medical/healthcare, smart, safety, and engineering plastics businesses in Japan and internationally.

Konica Minolta

Market Cap: JP¥340.0b

Engages in digital workplace, professional print, healthcare, and industry business in Japan, China, other Asian countries, the United States, Europe, and internationally.

Sumitomo Heavy Industries

Market Cap: JP¥505.4b

Manufactures and sells general machinery worldwide.

Daito Trust ConstructionLtd

Market Cap: JP¥994.9b

Designs, constructs, and rents apartments and condominiums in Japan.

Sawai Group Holdings

Market Cap: JP¥278.0b

Together with subsidiaries, engages in the research and development, manufacture, and marketing of generic pharmaceuticals.

Takeda Pharmaceutical

Market Cap: JP¥7.7t

Engages in the research, development, manufacture, marketing, and out-licensing of pharmaceutical products in Japan and internationally.

Lion

Market Cap: JP¥465.5b

Manufactures and sells consumer and industrial products in Japan and internationally.

Toho Holdings

Market Cap: JP¥302.7b

Engages in the wholesale distribution of pharmaceutical products in Japan.

Nissui

Market Cap: JP¥351.6b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

Suntory Beverage & Food

Market Cap: JP¥1.5t

Engages in the manufacture and sale of alcoholic and non-alcoholic beverages, and food products in Japan, the Asia-Pacific, Europe, and the Americas.

Macbee Planet

Market Cap: JP¥21.7b

Engages in the advertising business in Japan.

Sankyo

Market Cap: JP¥504.5b

Manufactures and sells game machines and ball bearing supply systems in Japan.

CyberAgent

Market Cap: JP¥680.9b

Engages in the internet advertising business in Japan.

Toyo Suisan Kaisha

Market Cap: JP¥1.1t

Produces and sells food products in Japan and internationally.

Japan Post Insurance

Market Cap: JP¥1.7t

Provides life insurance products and services in Japan.

Takeuchi Mfg

Market Cap: JP¥312.7b

Manufactures and sells construction machinery in Japan and internationally.

Toyo Tire

Market Cap: JP¥681.4b

Manufactures and sells tires in Japan, North America, and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.4t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Shiseido Company

Market Cap: JP¥940.5b

Engages in the production and sale of cosmetics in Japan and internationally.

DTS

Market Cap: JP¥195.4b

Provides systems integration services in Japan.

Musashi Seimitsu Industry

Market Cap: JP¥169.1b

Manufactures and sells automotive parts in Japan, the United States, Asia, China, and Europe.

Suzuken

Market Cap: JP¥427.8b

Primarily engages in the distribution of pharmaceuticals in Japan and internationally.