Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.5b

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

Hoshi Iryo-Sanki

Market Cap: JP¥17.2b

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

Tohoku Steel

Market Cap: JP¥16.2b

Manufactures, processes, and distributes various types of special steel products in Japan.

Taiyo KagakuLtd

Market Cap: JP¥43.7b

Manufactures and sells functional food ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Pacific Metals

Market Cap: JP¥47.9b

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

Toho Bank

Market Cap: JP¥173.4b

Provides various banking products and services in Japan.

E J Holdings

Market Cap: JP¥32.0b

Through its subsidiaries, engages in the civil engineering consultant business in Japan and internationally.

Nippon Sharyo

Market Cap: JP¥51.2b

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

Careerlink

Market Cap: JP¥28.9b

Provides human resource services in Japan.

Kaneko Seeds

Market Cap: JP¥16.4b

Kaneko Seeds Co., Ltd., together with its subsidiaries, production and sale agricultural seeds in Japan.

Envipro Holdings

Market Cap: JP¥26.6b

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

Marusan Securities

Market Cap: JP¥69.2b

Engages in the financial products trading business in Japan.

Komori

Market Cap: JP¥84.5b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Akatsuki

Market Cap: JP¥19.6b

Engages in the real estate and securities businesses in Japan.

Ohashi Technica

Market Cap: JP¥29.3b

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

AJIS

Market Cap: JP¥37.5b

Provides retail support services in Japan and internationally.

Toukei Computer

Market Cap: JP¥76.7b

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

System ResearchLtd

Market Cap: JP¥28.7b

Provides software development services in Japan.

Kodama Chemical IndustryLtd

Market Cap: JP¥15.9b

Manufactures and sells plastic products in Japan, Thailand, and internationally.

Tokyo Tekko

Market Cap: JP¥50.6b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Kanda HoldingsLtd

Market Cap: JP¥18.0b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

Wowow

Market Cap: JP¥35.9b

Provides broadcasting and related services in Japan.

Imuraya Group

Market Cap: JP¥31.1b

Manufactures and sells various food products in Japan and internationally.

Ryoyu Systems

Market Cap: JP¥38.3b

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

Soracom

Market Cap: JP¥42.7b

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

Konishi

Market Cap: JP¥88.1b

Manufactures and sells synthetic adhesives in Japan.

Yashima Denki

Market Cap: JP¥64.4b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥267.9b

A regional financial institution, provides various financial products and services in Japan and internationally.

Cota

Market Cap: JP¥34.9b

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

ISE Chemicals

Market Cap: JP¥278.2b

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

MicroAd

Market Cap: JP¥21.2b

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

Techno Smart

Market Cap: JP¥21.8b

Provides liquid crystal-related film and cast film manufacturing devices.

Ebara JitsugyoLtd

Market Cap: JP¥60.7b

Manufactures and sells environmentally related products.

Hokkan Holdings

Market Cap: JP¥28.0b

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

Cyber Security Cloud

Market Cap: JP¥18.0b

Provides web application security services worldwide.

Ascentech K.K

Market Cap: JP¥17.5b

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