Japanese Undiscovered Gems With Strong Fundamentals

Taiyo KagakuLtd

Market Cap: JP¥47.4b

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

Central Forest Group

Market Cap: JP¥22.3b

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

Ryoyu Systems

Market Cap: JP¥45.9b

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

Kanda HoldingsLtd

Market Cap: JP¥19.7b

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

Konishi

Market Cap: JP¥89.7b

Manufactures and sells synthetic adhesives in Japan.

Envipro Holdings

Market Cap: JP¥26.2b

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

Kaneko Seeds

Market Cap: JP¥16.9b

Kaneko Seeds Co., Ltd., together with its subsidiaries, production and sale agricultural seeds in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥54.7b

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

Ohashi Technica

Market Cap: JP¥32.2b

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

Ebara JitsugyoLtd

Market Cap: JP¥67.3b

Manufactures and sells environmentally related products in Japan.

FALCO HOLDINGS

Market Cap: JP¥26.8b

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

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¥52.0b

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

Ascentech K.K

Market Cap: JP¥20.2b

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

Toho

Market Cap: JP¥42.9b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Torigoe

Market Cap: JP¥25.3b

Manufactures and sells flours and related products in Japan.

Needs Well

Market Cap: JP¥19.7b

Engages in the IT service business in Japan.

Innotech

Market Cap: JP¥34.9b

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

Akatsuki

Market Cap: JP¥20.3b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥179.8b

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

Cresco

Market Cap: JP¥63.1b

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

OpenWork

Market Cap: JP¥20.5b

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

AOKI Holdings

Market Cap: JP¥153.0b

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

System ResearchLtd

Market Cap: JP¥30.0b

Provides software development services in Japan.

Nikko

Market Cap: JP¥33.0b

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

Nippon Sharyo

Market Cap: JP¥61.4b

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

Techno Smart

Market Cap: JP¥23.5b

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

Cyber Security Cloud

Market Cap: JP¥17.4b

Provides web application security services worldwide.

Shimizu Bank

Market Cap: JP¥31.5b

Provides various banking services in Japan.

Imuraya Group

Market Cap: JP¥32.4b

Manufactures and sells various food products in Japan and internationally.

Soliton Systems K.K

Market Cap: JP¥37.6b

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

YagiLtd

Market Cap: JP¥35.2b

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

GDEP ADVANCEInc

Market Cap: JP¥16.3b

Engages in the system incubation business in Japan.

Dear LifeLtd

Market Cap: JP¥55.4b

Engages in the real estate business in Japan.

Toukei Computer

Market Cap: JP¥76.9b

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

Nice

Market Cap: JP¥25.2b

Distributes building materials and housing equipment in Japan.