Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.7b

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

Wowow

Market Cap: JP¥37.6b

Provides broadcasting and related services in Japan.

Araya Industrial

Market Cap: JP¥21.2b

Manufactures and sells steel products in Japan and internationally.

Pacific Metals

Market Cap: JP¥49.4b

Produces and sells ferro-nickel and ferro-nickel slag products in Japan and internationally.

Toho Bank

Market Cap: JP¥169.4b

Provides various banking products and services in Japan.

Ryoyu Systems

Market Cap: JP¥39.8b

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

Otec

Market Cap: JP¥37.0b

Trades pipework equipment in Japan.

Toukei Computer

Market Cap: JP¥76.8b

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

Ohashi Technica

Market Cap: JP¥29.3b

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

Chuo WarehouseLtd

Market Cap: JP¥34.6b

Provides various logistics services in Japan and internationally.

GDEP ADVANCEInc

Market Cap: JP¥16.2b

Engages in the system incubation business in Japan.

AJIS

Market Cap: JP¥37.5b

Provides retail support services in Japan and internationally.

Tokyo Tekko

Market Cap: JP¥54.6b

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

Envipro Holdings

Market Cap: JP¥26.4b

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

Nippon Care Supply

Market Cap: JP¥37.7b

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

Kodama Chemical IndustryLtd

Market Cap: JP¥17.1b

Manufactures and sells plastic products in Japan, Thailand, and internationally.

Cyber Security Cloud

Market Cap: JP¥17.9b

Provides web application security services worldwide.

FALCO HOLDINGS

Market Cap: JP¥27.0b

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

Nikko

Market Cap: JP¥30.9b

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

Komori

Market Cap: JP¥85.2b

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

CMC

Market Cap: JP¥24.6b

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

NS United Kaiun Kaisha

Market Cap: JP¥182.4b

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

Maezawa Kasei Industries

Market Cap: JP¥33.5b

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

ISE Chemicals

Market Cap: JP¥261.4b

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

MicroAd

Market Cap: JP¥21.4b

Operates an advertising platform that connects advertisers and the media in Japan.

System ResearchLtd

Market Cap: JP¥28.8b

Provides software development services in Japan.

Konishi

Market Cap: JP¥86.1b

Manufactures and sells synthetic adhesives in Japan.

Ascentech K.K

Market Cap: JP¥16.3b

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

Techno Smart

Market Cap: JP¥22.5b

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

AOKI Holdings

Market Cap: JP¥141.5b

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

Kaneko Seeds

Market Cap: JP¥16.5b

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

Nice

Market Cap: JP¥26.6b

Distributes building materials and housing equipment 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.

GakkyushaLtd

Market Cap: JP¥26.1b

Operates and manages cram schools in Japan.

Soracom

Market Cap: JP¥42.6b

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

Shimizu Bank

Market Cap: JP¥29.3b

Provides various banking services in Japan.