Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.2b

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

Komori

Market Cap: JP¥85.5b

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

Techno Ryowa

Market Cap: JP¥166.1b

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

ISE Chemicals

Market Cap: JP¥312.4b

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

Ryoyu Systems

Market Cap: JP¥48.5b

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

Innotech

Market Cap: JP¥26.3b

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

Saison Technology

Market Cap: JP¥39.2b

Engages in the system development and operation, and software package businesses in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥53.1b

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

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥24.1b

Manages and operates ski resorts in Japan.

Toho Bank

Market Cap: JP¥146.4b

Provides various banking products and services in Japan.

Torigoe

Market Cap: JP¥24.9b

Manufactures and sells flours and related products in Japan.

Yashima Denki

Market Cap: JP¥65.8b

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

Nice

Market Cap: JP¥24.0b

Distributes building materials and housing equipment in Japan.

Araya Industrial

Market Cap: JP¥25.6b

Manufactures and sells steel products in Japan and internationally.

Envipro Holdings

Market Cap: JP¥26.9b

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

CAC Holdings

Market Cap: JP¥34.7b

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

Cota

Market Cap: JP¥31.6b

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

Maezawa Kasei Industries

Market Cap: JP¥35.6b

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

E J Holdings

Market Cap: JP¥32.3b

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

Kyoritsu Electric

Market Cap: JP¥22.1b

Provides various systems, testing and measuring instruments, etc.

Chudenko

Market Cap: JP¥252.4b

Operates as an equipment engineering company in Japan.

Tohoku Steel

Market Cap: JP¥16.6b

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

CMC

Market Cap: JP¥23.1b

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

CHANGE HoldingsInc

Market Cap: JP¥74.9b

Engages in the digital transformation (DX) business in Japan.

OUG Holdings

Market Cap: JP¥21.2b

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

Marusan Securities

Market Cap: JP¥70.2b

Engages in the financial products trading business in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥159.3b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥235.2b

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

Konishi

Market Cap: JP¥86.1b

Manufactures and sells synthetic adhesives in Japan.

Nippon Care Supply

Market Cap: JP¥37.0b

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

Cresco

Market Cap: JP¥69.3b

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

Hoshi Iryo-Sanki

Market Cap: JP¥15.9b

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

Wowow

Market Cap: JP¥41.2b

Provides broadcasting and related services in Japan.

Kanda HoldingsLtd

Market Cap: JP¥19.7b

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

Imuraya Group

Market Cap: JP¥32.1b

Manufactures and sells various food products in Japan and internationally.