Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.1b

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

Taiyo KagakuLtd

Market Cap: JP¥44.1b

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

YagiLtd

Market Cap: JP¥30.9b

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

Soliton Systems K.K

Market Cap: JP¥38.5b

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

Techno Ryowa

Market Cap: JP¥158.3b

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

Hyakugo Bank

Market Cap: JP¥306.2b

Provides various financial services to individual and corporate/sole proprietor customers in Japan.

Yashima Denki

Market Cap: JP¥66.8b

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

CMC

Market Cap: JP¥23.3b

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

ISE Chemicals

Market Cap: JP¥265.0b

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

E J Holdings

Market Cap: JP¥32.1b

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

Tohoku Steel

Market Cap: JP¥17.0b

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

Araya Industrial

Market Cap: JP¥25.6b

Manufactures and sells steel products in Japan and internationally.

CHANGE HoldingsInc

Market Cap: JP¥72.1b

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

CAC Holdings

Market Cap: JP¥35.5b

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

Cota

Market Cap: JP¥32.5b

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

Tsubakimoto Kogyo

Market Cap: JP¥54.8b

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

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥22.6b

Manages and operates ski resorts in Japan.

OUG Holdings

Market Cap: JP¥21.2b

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

Nice

Market Cap: JP¥23.3b

Distributes building materials and housing equipment in Japan.

Marusan Securities

Market Cap: JP¥70.8b

Engages in the financial products trading business in Japan.

Komori

Market Cap: JP¥86.3b

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

Wowow

Market Cap: JP¥41.6b

Provides broadcasting and related services in Japan.

KinjiroLtd

Market Cap: JP¥25.4b

Provides human resource management (HRM) solution services.

Techno Smart

Market Cap: JP¥23.3b

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

Tokyo Tekko

Market Cap: JP¥54.7b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Cresco

Market Cap: JP¥72.0b

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

Ascentech K.K

Market Cap: JP¥23.3b

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

Kaneko Seeds

Market Cap: JP¥16.8b

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

Ohashi Technica

Market Cap: JP¥31.3b

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

Hoshi Iryo-Sanki

Market Cap: JP¥16.1b

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

Konishi

Market Cap: JP¥87.8b

Manufactures and sells synthetic adhesives in Japan.

Dear LifeLtd

Market Cap: JP¥58.4b

Engages in the real estate business in Japan.

Torigoe

Market Cap: JP¥24.3b

Manufactures and sells flours and related products in Japan.

Hokkan Holdings

Market Cap: JP¥29.8b

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

Soracom

Market Cap: JP¥54.6b

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

Imuraya Group

Market Cap: JP¥32.4b

Manufactures and sells various food products in Japan and internationally.