Japanese Undiscovered Gems With Strong Fundamentals

Pacific Metals

Market Cap: JP¥50.5b

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

Toho Bank

Market Cap: JP¥165.2b

Provides various banking products and services in Japan.

Taiyo KagakuLtd

Market Cap: JP¥49.0b

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

System ResearchLtd

Market Cap: JP¥28.6b

Provides software development services in Japan.

Kodama Chemical IndustryLtd

Market Cap: JP¥16.2b

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

Tsubakimoto Kogyo

Market Cap: JP¥51.5b

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

Innotech

Market Cap: JP¥30.8b

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

AJIS

Market Cap: JP¥37.5b

Provides retail support services in Japan and internationally.

Maezawa Kasei Industries

Market Cap: JP¥33.2b

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

Hokkan Holdings

Market Cap: JP¥28.9b

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

Soracom

Market Cap: JP¥43.0b

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

ISE Chemicals

Market Cap: JP¥296.6b

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

MicroAd

Market Cap: JP¥23.3b

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

NS United Kaiun Kaisha

Market Cap: JP¥180.7b

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

Nippon Sharyo

Market Cap: JP¥53.4b

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

E J Holdings

Market Cap: JP¥31.9b

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

Careerlink

Market Cap: JP¥31.4b

Provides human resource services in Japan.

Ohashi Technica

Market Cap: JP¥28.6b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥250.6b

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

OpenWork

Market Cap: JP¥19.7b

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

Yashima Denki

Market Cap: JP¥63.1b

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

SAN Holdings

Market Cap: JP¥30.8b

Provides funeral services in Japan.

Cota

Market Cap: JP¥39.6b

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

Nikko

Market Cap: JP¥30.9b

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

Akatsuki

Market Cap: JP¥20.9b

Engages in the real estate and securities businesses in Japan.

CMC

Market Cap: JP¥24.1b

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

FALCO HOLDINGS

Market Cap: JP¥26.1b

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

YagiLtd

Market Cap: JP¥35.1b

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

Soliton Systems K.K

Market Cap: JP¥33.4b

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

Techno Ryowa

Market Cap: JP¥133.7b

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

GakkyushaLtd

Market Cap: JP¥25.8b

Operates and manages cram schools in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥60.1b

Manufactures and sells environmentally related products in Japan.

Tohoku Steel

Market Cap: JP¥16.7b

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

Shimizu Bank

Market Cap: JP¥28.9b

Provides various banking services in Japan.

Nippon Care Supply

Market Cap: JP¥37.7b

Engages in the rental and wholesale of welfare equipment businesses in Japan.

Tokyo Tekko

Market Cap: JP¥53.1b

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