Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.2b

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

System ResearchLtd

Market Cap: JP¥30.2b

Provides software development services in Japan.

Imuraya Group

Market Cap: JP¥32.3b

Manufactures and sells various food products in Japan and internationally.

Toukei Computer

Market Cap: JP¥76.9b

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

Dear LifeLtd

Market Cap: JP¥55.8b

Engages in the real estate business in Japan.

Techno Ryowa

Market Cap: JP¥164.0b

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

CMC

Market Cap: JP¥24.0b

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

Tohoku Steel

Market Cap: JP¥16.7b

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

Maezawa Kasei Industries

Market Cap: JP¥34.2b

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

Needs Well

Market Cap: JP¥19.7b

Engages in the IT service business in Japan.

E J Holdings

Market Cap: JP¥33.5b

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

Nikko

Market Cap: JP¥33.2b

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

Toho

Market Cap: JP¥42.1b

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

Taiyo KagakuLtd

Market Cap: JP¥49.1b

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

Techno Smart

Market Cap: JP¥23.6b

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

Ascentech K.K

Market Cap: JP¥20.2b

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

Ohashi Technica

Market Cap: JP¥32.0b

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

Marusan Securities

Market Cap: JP¥72.9b

Engages in the financial products trading business in Japan.

Muto Seiko

Market Cap: JP¥16.3b

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

Innotech

Market Cap: JP¥35.2b

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

Konishi

Market Cap: JP¥87.9b

Manufactures and sells synthetic adhesives in Japan.

AJIS

Market Cap: JP¥31.7b

Provides retail support services in Japan and internationally.

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¥45.6b

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

Akatsuki

Market Cap: JP¥22.3b

Engages in the real estate and securities businesses in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥179.3b

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

AOKI Holdings

Market Cap: JP¥151.8b

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

Envipro Holdings

Market Cap: JP¥28.4b

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

Wowow

Market Cap: JP¥38.7b

Provides broadcasting and related services in Japan.

Shimizu Bank

Market Cap: JP¥30.9b

Provides various banking services in Japan.

Cresco

Market Cap: JP¥62.9b

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

Nippon Sharyo

Market Cap: JP¥60.5b

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

Cyber Security Cloud

Market Cap: JP¥17.9b

Provides web application security services worldwide.

Ebara JitsugyoLtd

Market Cap: JP¥67.4b

Manufactures and sells environmentally related products in Japan.

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¥259.8b

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