Japanese Undiscovered Gems With Strong Fundamentals

Hoshi Iryo-Sanki

Market Cap: JP¥15.7b

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

Torigoe

Market Cap: JP¥24.9b

Manufactures and sells flours and related products in Japan.

Wowow

Market Cap: JP¥39.2b

Provides broadcasting and related services in Japan.

Marusan Securities

Market Cap: JP¥72.0b

Engages in the financial products trading business in Japan.

Hokkan Holdings

Market Cap: JP¥28.8b

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

Otec

Market Cap: JP¥38.5b

Trades pipework equipment in Japan.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥22.1b

Manages and operates ski resorts in Japan.

Yashima Denki

Market Cap: JP¥74.4b

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

Toho

Market Cap: JP¥42.8b

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

CHANGE HoldingsInc

Market Cap: JP¥69.6b

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

Careerlink

Market Cap: JP¥31.7b

Provides human resource services in Japan.

Chuo WarehouseLtd

Market Cap: JP¥31.0b

Provides various logistics services in Japan and internationally.

Tsubakimoto Kogyo

Market Cap: JP¥54.8b

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

Maezawa Kasei Industries

Market Cap: JP¥33.9b

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

Dear LifeLtd

Market Cap: JP¥54.9b

Engages in the real estate business in Japan.

Soracom

Market Cap: JP¥54.8b

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

Business Brain Showa-Ota

Market Cap: JP¥33.8b

Provides consulting and systems development, and business management services in Japan.

Toukei Computer

Market Cap: JP¥77.1b

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

Nice

Market Cap: JP¥24.6b

Distributes building materials and housing equipment in Japan.

Ohashi Technica

Market Cap: JP¥31.9b

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

Innotech

Market Cap: JP¥33.7b

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

Nippon Care Supply

Market Cap: JP¥37.7b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥262.3b

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

OpenWork

Market Cap: JP¥20.5b

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

YagiLtd

Market Cap: JP¥35.0b

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

GDEP ADVANCEInc

Market Cap: JP¥15.6b

Engages in the system incubation business in Japan.

Soliton Systems K.K

Market Cap: JP¥37.2b

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

Araya Industrial

Market Cap: JP¥22.4b

Manufactures and sells steel products in Japan and internationally.

Imuraya Group

Market Cap: JP¥32.7b

Manufactures and sells various food products in Japan and internationally.

System ResearchLtd

Market Cap: JP¥30.1b

Provides software development services in Japan.

Shimizu Bank

Market Cap: JP¥31.6b

Provides various banking services in Japan.

Akatsuki

Market Cap: JP¥19.9b

Engages in the real estate and securities businesses in Japan.

Cresco

Market Cap: JP¥64.2b

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

AOKI Holdings

Market Cap: JP¥152.8b

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

Techno Smart

Market Cap: JP¥23.6b

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

Ascentech K.K

Market Cap: JP¥19.4b

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