Japanese Undiscovered Gems With Strong Fundamentals

Nippon Carbide Industries

Market Cap: JP¥31.1b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Base

Market Cap: JP¥55.2b

Engages in the computer software development and related work in Japan.

Polaris Holdings

Market Cap: JP¥38.4b

Operates a chain of hotels in Japan.

Cybozu

Market Cap: JP¥114.2b

Engages in the development, sale, and operation of groupware in Japan.

FINDEX

Market Cap: JP¥19.6b

Offers medical devices in Japan.

SPRIX

Market Cap: JP¥18.2b

Engages in the cram school and educational businesses in Japan.

Vector

Market Cap: JP¥66.7b

Engages in the public relations (PR) and advertising, press release distribution, video release distribution, direct marketing, media, investment, and human resources businesses in Japan, China, and internationally.

Port

Market Cap: JP¥26.8b

Operates various domain-specific vertical media and develops content marketing for user needs in Japan.

Warabeya Nichiyo Holdings

Market Cap: JP¥45.0b

Engages in the manufacture and sale of food products for convenience stores in Japan, the United States, and internationally.

Japan Eyewear Holdings

Market Cap: JP¥48.2b

Through its subsidiaries, engages in the designing, manufacturing, and selling eyeglasses in Japan.

Marvelous

Market Cap: JP¥27.6b

Engages in the planning, development, production, marketing, and sale of game software for home-use game machines.

GSI Creos

Market Cap: JP¥28.0b

Offers textiles and industrial products in Japan and internationally.

Business Engineering

Market Cap: JP¥62.5b

Designs, develops, and implements corporate information systems, primarily using ERP package products developed by other companies worldwide.

Daito PharmaceuticalLtd

Market Cap: JP¥31.4b

Engages in the manufacture and sale of pharmaceutical products in Japan and internationally.

OVERLAP HoldingsInc

Market Cap: JP¥18.0b

Engages in the planning, production, and sale of entertainment IP contents of manga, novels, comics, and animations.

JM HoldingsLtd

Market Cap: JP¥63.4b

Engages in the supermarket business in Japan.

Seiko Electric

Market Cap: JP¥31.3b

Operates in the field of power system, and environmental energy and control system in Japan.

Startia HoldingsInc

Market Cap: JP¥26.9b

Engages in the IT business in Japan and internationally.

J-LeaseLtd

Market Cap: JP¥22.6b

Engages in guarantor-related business.

MarkLines

Market Cap: JP¥16.4b

Operates an automotive industry portal in Japan, China, the rest of Asia, North America, Europe, and internationally.

CTS

Market Cap: JP¥33.8b

Primarily engages in the provision of ICT construction services for the construction industry in Japan.

Tadano

Market Cap: JP¥162.3b

Manufactures and sells construction and vehicle-mounted cranes, aerial work platforms, and transport machinery in Japan and internationally.

GreensLtd

Market Cap: JP¥27.5b

Operates a chain of hotels in Japan.

Funai Soken Holdings

Market Cap: JP¥96.0b

Provides consulting services for various industries in Japan.

MEDIA DO

Market Cap: JP¥19.7b

Engages in the eBook distribution business in Japan.

Hibino

Market Cap: JP¥26.7b

Designs, sells, installs, and maintains audio equipment in Japan and internationally.

Noritsu Koki

Market Cap: JP¥214.2b

Manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

gremsInc

Market Cap: JP¥55.0b

Engages in the energy solution and electricity retailing businesses in Japan.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥16.2b

Engages in the debugging, media, and other businesses.

TechMatrix

Market Cap: JP¥75.8b

Engages in the information infrastructure and application service business in Japan.

Vision

Market Cap: JP¥50.0b

Primarily engages in the provision of mobile Wi-Fi router rental services in Japan and internationally.

Future

Market Cap: JP¥135.8b

Provides IT consulting and services primarily in Japan.

CREEK & RIVER

Market Cap: JP¥26.0b

Engages in the production and management of creative artists and agencies, as well as rights management in Japan and internationally.

SIGMAXYZ Holdings

Market Cap: JP¥42.6b

Engages in the consulting, investment, and M&A advisory businesses in Japan.

ARCHION

Market Cap: JP¥906.9b

Manufactures and sells commercial vehicles under the FUSO and HINO brands.

ARE Holdings

Market Cap: JP¥276.5b

Engages in refining, manufacturing, and trading of precious metals and rare metals in Japan, Asia, and North America.