Japanese Undiscovered Gems With Strong Fundamentals

Taiyo KagakuLtd

Market Cap: JP¥44.7b

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

Kyoritsu Electric

Market Cap: JP¥21.9b

Provides various systems, testing and measuring instruments, etc.

Ohashi Technica

Market Cap: JP¥30.6b

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

Central Forest Group

Market Cap: JP¥22.8b

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

Toukei Computer

Market Cap: JP¥76.7b

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

KinjiroLtd

Market Cap: JP¥25.5b

Provides human resource management (HRM) solution services.

Techno Smart

Market Cap: JP¥23.2b

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

Innotech

Market Cap: JP¥27.9b

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

Komori

Market Cap: JP¥84.4b

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

Nippon Sharyo

Market Cap: JP¥55.4b

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

OpenWork

Market Cap: JP¥24.0b

Engages in the e-working data platform business in Japan.

Soliton Systems K.K

Market Cap: JP¥38.3b

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

GDEP ADVANCEInc

Market Cap: JP¥16.3b

Engages in the system incubation business in Japan.

Dear LifeLtd

Market Cap: JP¥57.6b

Engages in the real estate business in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥53.8b

Manufactures and sells environmentally related products in Japan.

Ascentech K.K

Market Cap: JP¥23.1b

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

Yashima Denki

Market Cap: JP¥62.0b

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

Araya Industrial

Market Cap: JP¥24.8b

Manufactures and sells steel products in Japan and internationally.

ISE Chemicals

Market Cap: JP¥236.7b

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

Business Brain Showa-Ota

Market Cap: JP¥38.3b

Provides consulting and systems development, and business management services in Japan.

Otec

Market Cap: JP¥38.4b

Trades pipework equipment in Japan.

CAC Holdings

Market Cap: JP¥35.4b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

OUG Holdings

Market Cap: JP¥21.3b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Cota

Market Cap: JP¥31.8b

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

AOKI Holdings

Market Cap: JP¥155.4b

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

Chuo WarehouseLtd

Market Cap: JP¥27.2b

Provides various logistics services in Japan and internationally.

Shimizu Bank

Market Cap: JP¥27.7b

Provides various banking services in Japan.

Chudenko

Market Cap: JP¥247.0b

Operates as an equipment engineering company in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥153.6b

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

Akatsuki

Market Cap: JP¥17.8b

Engages in the real estate and securities businesses in Japan.

GakkyushaLtd

Market Cap: JP¥26.4b

Operates and manages cram schools in Japan.

FALCO HOLDINGS

Market Cap: JP¥27.0b

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

Envipro Holdings

Market Cap: JP¥18.5b

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

System ResearchLtd

Market Cap: JP¥33.3b

Provides software development services in Japan.

Bank of Iwate

Market Cap: JP¥94.6b

Provides various financial products and services in Japan.

Hoshi Iryo-Sanki

Market Cap: JP¥15.7b

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