Japanese Undiscovered Gems With Strong Fundamentals

Taiyo KagakuLtd

Market Cap: JP¥47.5b

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

Ohashi Technica

Market Cap: JP¥31.9b

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

Techno Ryowa

Market Cap: JP¥171.8b

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

CMC

Market Cap: JP¥23.8b

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

E J Holdings

Market Cap: JP¥33.2b

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

Central Forest Group

Market Cap: JP¥22.3b

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

Tokyo Tekko

Market Cap: JP¥53.9b

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

Cota

Market Cap: JP¥35.6b

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

Kurashicom

Market Cap: JP¥15.3b

Engages in the provision of various lifestyle services in Japan.

FALCO HOLDINGS

Market Cap: JP¥27.1b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Muto Seiko

Market Cap: JP¥16.2b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.

Otec

Market Cap: JP¥38.5b

Trades pipework equipment in Japan.

GDEP ADVANCEInc

Market Cap: JP¥15.6b

Engages in the system incubation business in Japan.

YagiLtd

Market Cap: JP¥35.0b

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

Soliton Systems K.K

Market Cap: JP¥37.2b

A technology company, provides IT security-related and embedded systems in Japan and internationally.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥22.1b

Manages and operates ski resorts in Japan.

Chuo WarehouseLtd

Market Cap: JP¥31.0b

Provides various logistics services in Japan and internationally.

Innotech

Market Cap: JP¥33.7b

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

Tsubakimoto Kogyo

Market Cap: JP¥54.8b

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

Yashima Denki

Market Cap: JP¥74.4b

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

Akatsuki

Market Cap: JP¥19.9b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥176.3b

Engages in the marine transportation services and related business in Japan and internationally.

AOKI Holdings

Market Cap: JP¥152.8b

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

Tohoku Steel

Market Cap: JP¥16.7b

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

Maezawa Kasei Industries

Market Cap: JP¥33.9b

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

Marusan Securities

Market Cap: JP¥72.0b

Engages in the financial products trading business in Japan.

Konishi

Market Cap: JP¥90.6b

Manufactures and sells synthetic adhesives in Japan.

Kanda HoldingsLtd

Market Cap: JP¥19.9b

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

Wowow

Market Cap: JP¥39.2b

Provides broadcasting and related services in Japan.

Ryoyu Systems

Market Cap: JP¥43.7b

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

Nippon Sharyo

Market Cap: JP¥61.6b

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

Envipro Holdings

Market Cap: JP¥28.3b

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¥17.0b

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

Techno Smart

Market Cap: JP¥23.6b

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

Cyber Security Cloud

Market Cap: JP¥17.5b

Provides web application security services worldwide.

Ascentech K.K

Market Cap: JP¥19.4b

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