Japanese Capital Goods Healthy potentially undervalued

SWCC

Market Cap: JP¥319.3b

Manufactures and sells energy, infrastructure, and communication components in Japan and internationally.

Kumagai GumiLtd

Market Cap: JP¥246.0b

Operates as a construction company in Japan and internationally.

Miura

Market Cap: JP¥366.6b

Produces and sells boilers in Japan and internationally.

Sumitomo

Market Cap: JP¥7.6t

Engages in the general trading business.

Kajima

Market Cap: JP¥2.5t

Engages in civil engineering, building construction, real estate development, architectural and civil engineering design, engineering and other businesses.

Kawasaki Heavy Industries

Market Cap: JP¥2.2t

Operates aerospace systems, vehicles, energy solutions and marine, precision machinery and robotics, powersports and engines, and other businesses in Japan and internationally.

AGC

Market Cap: JP¥1.3t

Manufactures and sells architectural glass, electronics, chemicals, automotive, and ceramics worldwide.

Makita

Market Cap: JP¥1.5t

Engages in the production and sales of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Central and South America, Oceania, The Middle East, and Africa.

Nissei ASB Machine

Market Cap: JP¥132.2b

Engages in the planning, development, manufacturing, and distribution of production machines for PET and other plastic bottles worldwide.

METAWATER

Market Cap: JP¥133.8b

Designs and constructs equipment for water purification plants, sewage treatment plants, and waste treatment facilities in Japan and internationally.

Takeuchi Mfg

Market Cap: JP¥343.2b

Engages in development, manufacture, and sales of construction machinery in Japan, the United States, the United Kingdom, France, and China.

Penta-Ocean Construction

Market Cap: JP¥414.2b

Engages in the civil engineering and building construction activities in Japan, Southeast Asia, and internationally.

Takasago Thermal Engineering

Market Cap: JP¥574.5b

Designs, constructs, manufactures, sells, and installs heating, ventilation, and air conditioning (HVAC) systems in Japan and internationally.

Taisei

Market Cap: JP¥2.2t

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

Nidec

Market Cap: JP¥2.9t

Develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally.

Obayashi

Market Cap: JP¥2.2t

Engages in the construction business in Japan, North America, Asia and internationally.

MINEBEA MITSUMI

Market Cap: JP¥1.5t

Manufactures and supplies machinery components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

MISUMI Group

Market Cap: JP¥915.7b

Engages in the factory automation, die components, and VONA businesses in Japan, China, rest of Asia, the United States, Europe, and internationally.

Meidensha

Market Cap: JP¥379.7b

Engages in the power infrastructure; public, industrial, and commercial sector; mobility and electrical components; field service engineering; and real estate businesses in Japan, Asia, and internationally.