Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.8b

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

Nice

Market Cap: JP¥23.0b

Distributes building materials and housing equipment in Japan.

Dear LifeLtd

Market Cap: JP¥56.1b

Engages in the real estate business in Japan.

Saison Technology

Market Cap: JP¥36.0b

Engages in the system development and operation, and software package businesses in Japan.

Torigoe

Market Cap: JP¥27.2b

Manufactures and sells flours and related products in Japan.

Envipro Holdings

Market Cap: JP¥16.8b

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

Shimizu Bank

Market Cap: JP¥27.8b

Provides various banking services in Japan.

OpenWork

Market Cap: JP¥23.0b

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

Techno Smart

Market Cap: JP¥23.0b

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

Ascentech K.K

Market Cap: JP¥24.7b

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

Kyoritsu Electric

Market Cap: JP¥20.8b

Provides various systems, testing and measuring instruments, etc.

CMC

Market Cap: JP¥22.5b

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

Techno Ryowa

Market Cap: JP¥135.3b

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

Ryoyu Systems

Market Cap: JP¥42.9b

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

Tokyo Tekko

Market Cap: JP¥52.1b

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

Business Brain Showa-Ota

Market Cap: JP¥38.3b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥196.1b

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

FUNDINNOInc

Market Cap: JP¥30.8b

Engages in financial instruments trading operation business.

Otec

Market Cap: JP¥36.8b

Trades pipework equipment in Japan.

ISE Chemicals

Market Cap: JP¥219.4b

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

Ohashi Technica

Market Cap: JP¥30.9b

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¥51.0b

Manufactures and sells environmentally related products in Japan.

Innotech

Market Cap: JP¥27.6b

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

Komori

Market Cap: JP¥84.3b

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

GakkyushaLtd

Market Cap: JP¥25.6b

Operates and manages cram schools in Japan.

Toho

Market Cap: JP¥41.2b

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

FALCO HOLDINGS

Market Cap: JP¥26.6b

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

Careerlink

Market Cap: JP¥30.5b

Provides human resource services in Japan.

Nippon Sharyo

Market Cap: JP¥53.8b

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

Nippon Care Supply

Market Cap: JP¥36.7b

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

Toukei Computer

Market Cap: JP¥72.3b

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

Kaneko Seeds

Market Cap: JP¥18.1b

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

Kanda HoldingsLtd

Market Cap: JP¥19.3b

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

Kappa Create

Market Cap: JP¥77.7b

Engages in the management of restaurants in Japan.

AlpenLtd

Market Cap: JP¥92.3b

Engages in the development and sale of sporting products in Japan.

CHANGE HoldingsInc

Market Cap: JP¥69.3b

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