Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥24.5b

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

Taiyo KagakuLtd

Market Cap: JP¥44.6b

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

AOKI Holdings

Market Cap: JP¥125.6b

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

Tamagawa Holdings

Market Cap: JP¥16.1b

Engages in the electronic and communication equipment business and renewable energy.

Toho Bank

Market Cap: JP¥173.2b

Provides various banking products and services in Japan.

Pacific Metals

Market Cap: JP¥46.1b

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

Cota

Market Cap: JP¥31.1b

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

Yashima Denki

Market Cap: JP¥62.9b

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

Nippon Sharyo

Market Cap: JP¥53.0b

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

Chuo WarehouseLtd

Market Cap: JP¥33.7b

Provides various logistics services in Japan and internationally.

Ryoyu Systems

Market Cap: JP¥39.9b

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

Careerlink

Market Cap: JP¥27.6b

Provides human resource services in Japan.

GDEP ADVANCEInc

Market Cap: JP¥16.7b

Engages in the system incubation business in Japan.

Soliton Systems K.K

Market Cap: JP¥34.7b

Engages in the development and sale of IT security-related products in Japan, the United States, and internationally.

Kyoritsu Electric

Market Cap: JP¥21.9b

Provides various systems, testing and measuring instruments, etc.

Innotech

Market Cap: JP¥39.2b

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

Akatsuki

Market Cap: JP¥19.3b

Engages in the real estate and securities businesses in Japan.

YagiLtd

Market Cap: JP¥32.2b

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

ISE Chemicals

Market Cap: JP¥234.2b

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

Torigoe

Market Cap: JP¥25.3b

Manufactures and sells flours and related products in Japan.

MicroAd

Market Cap: JP¥19.8b

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

FALCO HOLDINGS

Market Cap: JP¥25.1b

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

Needs Well

Market Cap: JP¥17.2b

Engages in the IT service business in Japan.

Nippon Care Supply

Market Cap: JP¥34.5b

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

Wowow

Market Cap: JP¥33.9b

Provides broadcasting and related services in Japan.

Tohoku Steel

Market Cap: JP¥16.9b

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

Techno Smart

Market Cap: JP¥21.8b

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

Cresco

Market Cap: JP¥56.6b

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

Otec

Market Cap: JP¥35.2b

Trades pipework equipment in Japan.

Wacoal Holdings

Market Cap: JP¥230.9b

Engages in the manufacturing, wholesale, and retail sale of intimate apparel, outerwear, sportswear, and other textile products and accessories in Japan, Asia, Oceania, the United States, and Europe.

Kanda HoldingsLtd

Market Cap: JP¥18.8b

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

QuickLtd

Market Cap: JP¥42.2b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

Bell-ParkLtd

Market Cap: JP¥35.3b

Bell-Park Co.,Ltd. provide services for information and communication equipment, and services in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥53.6b

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

Techno Ryowa

Market Cap: JP¥137.8b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥287.4b

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