Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.7b

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

Hokkan Holdings

Market Cap: JP¥29.0b

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

Soracom

Market Cap: JP¥43.7b

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

AJIS

Market Cap: JP¥37.5b

Provides retail support services in Japan and internationally.

Ascentech K.K

Market Cap: JP¥18.1b

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

ISE Chemicals

Market Cap: JP¥300.7b

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

MicroAd

Market Cap: JP¥23.7b

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

Tsubakimoto Kogyo

Market Cap: JP¥51.8b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

System ResearchLtd

Market Cap: JP¥28.9b

Provides software development services in Japan.

Kodama Chemical IndustryLtd

Market Cap: JP¥16.4b

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

Komori

Market Cap: JP¥87.7b

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

SAN Holdings

Market Cap: JP¥31.0b

Provides funeral services in Japan.

Pacific Metals

Market Cap: JP¥53.3b

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

Toho Bank

Market Cap: JP¥159.2b

Provides various banking products and services in Japan.

Cyber Security Cloud

Market Cap: JP¥17.9b

Provides web application security services worldwide.

Techno Smart

Market Cap: JP¥22.4b

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

CMC

Market Cap: JP¥24.4b

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

Akatsuki

Market Cap: JP¥20.7b

Engages in the real estate and securities businesses in Japan.

Techno Ryowa

Market Cap: JP¥137.2b

Engages in the design, construction, and maintenance of environmental control systems primarily in Japan.

Cresco

Market Cap: JP¥58.7b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

Shimizu Bank

Market Cap: JP¥28.7b

Provides various banking services in Japan.

Envipro Holdings

Market Cap: JP¥28.1b

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

Kaneko Seeds

Market Cap: JP¥16.1b

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

Toukei Computer

Market Cap: JP¥77.7b

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

Chuo WarehouseLtd

Market Cap: JP¥34.7b

Provides various logistics services in Japan and internationally.

Ryoyu Systems

Market Cap: JP¥42.7b

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

Tokyo Tekko

Market Cap: JP¥52.2b

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

Otec

Market Cap: JP¥37.8b

Trades pipework equipment in Japan.

Torigoe

Market Cap: JP¥25.4b

Manufactures and sells flours and related products in Japan.

Ohashi Technica

Market Cap: JP¥29.2b

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

Araya Industrial

Market Cap: JP¥21.0b

Manufactures and sells steel products in Japan and internationally.

Yashima Denki

Market Cap: JP¥65.2b

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

Nikko

Market Cap: JP¥30.6b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.

Ogaki Kyoritsu Bank

Market Cap: JP¥249.4b

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

Tohoku Steel

Market Cap: JP¥16.8b

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

Maezawa Kasei Industries

Market Cap: JP¥33.5b

Produces and sells water and sewerage related products, and environmental equipment.