Japanese Undiscovered Gems With Strong Fundamentals

Hoshi Iryo-Sanki

Market Cap: JP¥16.1b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Central Forest Group

Market Cap: JP¥24.5b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

YagiLtd

Market Cap: JP¥32.2b

Together its subsidiaries, operates as a fiber trading company in Japan.

Soliton Systems K.K

Market Cap: JP¥34.7b

Engages in the development and sale of IT security-related products in Japan, the United States, and internationally.

Envipro Holdings

Market Cap: JP¥33.3b

Through its subsidiaries, engages in the resource recycling, global trading, and lithium-ion battery recycling businesses in Japan and internationally.

Nice

Market Cap: JP¥22.5b

Distributes building materials and housing equipment in Japan.

Marusan Securities

Market Cap: JP¥68.3b

Engages in the financial products trading business in Japan.

Soracom

Market Cap: JP¥45.6b

Provides Internet of Things (IoT) based cellular connectivity solutions.

Hokkan Holdings

Market Cap: JP¥26.6b

Through its subsidiaries, engages in the container, filling, and machinery production, and other businesses in Japan and internationally.

Pacific Metals

Market Cap: JP¥46.1b

Produces and sells ferro-nickel and ferro-nickel slag products in Japan and internationally.

Nippon Sharyo

Market Cap: JP¥53.0b

Engages in the railway vehicles, construction machinery, transportation equipment and steel structures, engineering, and other businesses in Japan, the United States, Asia, and internationally.

AOKI Holdings

Market Cap: JP¥125.6b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Chuo WarehouseLtd

Market Cap: JP¥33.7b

Provides various logistics services in Japan and internationally.

Ryoyu Systems

Market Cap: JP¥39.9b

Provides design, development, operation and maintenance of information and communication systems for various industries in Japan.

GDEP ADVANCEInc

Market Cap: JP¥16.7b

Engages in the system incubation business in Japan.

AJIS

Market Cap: JP¥37.3b

Provides retail support services in Japan and internationally.

Careerlink

Market Cap: JP¥27.6b

Provides human resource services in Japan.

QuickLtd

Market Cap: JP¥42.2b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

GakkyushaLtd

Market Cap: JP¥24.9b

Operates and manages cram schools in Japan.

OpenWork

Market Cap: JP¥19.5b

Develops and manages a job and recruitment information platform in Japan.

Toukei Computer

Market Cap: JP¥74.1b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥59.8b

Manufactures and sells environmentally related products.

Yashima Denki

Market Cap: JP¥62.9b

Engages in the plant, public/facilities, and transportation businesses in Japan and internationally.

Ohashi Technica

Market Cap: JP¥28.1b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, China, Thailand, ASEAN, Europe, Taiwan, and internationally.

Dear LifeLtd

Market Cap: JP¥52.3b

Engages in the real estate business in Japan.

Bell-ParkLtd

Market Cap: JP¥35.3b

Bell-Park Co.,Ltd. provide services for information and communication equipment, and services in Japan.

ISE Chemicals

Market Cap: JP¥234.2b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

MicroAd

Market Cap: JP¥19.8b

Operates an advertising platform that connects advertisers and the media in Japan.

Torigoe

Market Cap: JP¥25.3b

Manufactures and sells flours and related products in Japan.

Ascentech K.K

Market Cap: JP¥19.8b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

Innotech

Market Cap: JP¥39.2b

Engages in the import and sale of electronic design automation software, electric components, and semiconductor products in Japan and internationally.

MEEQ

Market Cap: JP¥17.7b

Engages in the mobile IoT support business in Japan.

CMC

Market Cap: JP¥23.7b

Provides manual creation, business process management, training, translation, and interpretation services in Japan and internationally.

Shimizu Bank

Market Cap: JP¥29.5b

Provides various banking services in Japan.

System ResearchLtd

Market Cap: JP¥27.6b

Provides software development services in Japan.

Cota

Market Cap: JP¥31.1b

Manufactures and sells of hair cosmetics and quasi drugs in Japan and internationally.