Japanese Undiscovered Gems With Strong Fundamentals

YagiLtd

Market Cap: JP¥34.2b

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

Yashima Denki

Market Cap: JP¥75.6b

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

Araya Industrial

Market Cap: JP¥21.6b

Manufactures and sells steel products in Japan and internationally.

Maezawa Kasei Industries

Market Cap: JP¥34.5b

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

Akatsuki

Market Cap: JP¥20.0b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥178.6b

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

AOKI Holdings

Market Cap: JP¥151.5b

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

Nippon Sharyo

Market Cap: JP¥61.8b

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

OpenWork

Market Cap: JP¥25.6b

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

Hokkan Holdings

Market Cap: JP¥28.7b

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

Soracom

Market Cap: JP¥55.4b

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

Ohashi Technica

Market Cap: JP¥30.3b

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

Toukei Computer

Market Cap: JP¥77.2b

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

Dear LifeLtd

Market Cap: JP¥55.6b

Engages in the real estate business in Japan.

Muto Seiko

Market Cap: JP¥16.6b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.

Nice

Market Cap: JP¥23.9b

Distributes building materials and housing equipment in Japan.

Careerlink

Market Cap: JP¥32.6b

Provides human resource services in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥62.0b

Manufactures and sells environmentally related products in Japan.

CAC Holdings

Market Cap: JP¥34.8b

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

FALCO HOLDINGS

Market Cap: JP¥27.1b

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

CMC

Market Cap: JP¥24.1b

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

Nippon Care Supply

Market Cap: JP¥38.5b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥267.3b

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

Techno Ryowa

Market Cap: JP¥182.3b

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

Toho

Market Cap: JP¥42.2b

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

Tohoku Steel

Market Cap: JP¥16.7b

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

OUG Holdings

Market Cap: JP¥22.1b

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

Ryoyu Systems

Market Cap: JP¥45.5b

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

Cota

Market Cap: JP¥35.6b

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

E J Holdings

Market Cap: JP¥33.3b

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

Kanda HoldingsLtd

Market Cap: JP¥19.9b

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

Cresco

Market Cap: JP¥66.5b

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

Wowow

Market Cap: JP¥39.5b

Provides broadcasting and related services in Japan.

Imuraya Group

Market Cap: JP¥33.5b

Manufactures and sells various food products in Japan and internationally.

System ResearchLtd

Market Cap: JP¥32.1b

Provides software development services in Japan.

Kappa Create

Market Cap: JP¥79.3b

Engages in the management of restaurants in Japan.