Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥23.1b

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

System ResearchLtd

Market Cap: JP¥30.2b

Offers software development services in Japan.

Taiyo KagakuLtd

Market Cap: JP¥29.2b

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

QuickLtd

Market Cap: JP¥40.0b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

YagiLtd

Market Cap: JP¥17.4b

Operates as a fiber trading company in Japan.

Hyakugo Bank

Market Cap: JP¥167.2b

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

Intelligent Wave

Market Cap: JP¥27.5b

Provides system development services and system products in Japan and internationally.

Cresco

Market Cap: JP¥50.1b

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

Toho

Market Cap: JP¥34.2b

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

Nihon Parkerizing

Market Cap: JP¥140.3b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Uoriki

Market Cap: JP¥34.2b

Engages in the retailing, eating and drinking, and wholesale businesses in Japan and internationally.

Nippon Sharyo

Market Cap: JP¥30.3b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

AOKI Holdings

Market Cap: JP¥123.0b

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

Marusan Securities

Market Cap: JP¥57.4b

Engages in the financial products trading business in Japan.

Ascentech K.K

Market Cap: JP¥18.4b

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

ISE Chemicals

Market Cap: JP¥123.8b

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

Hokkan Holdings

Market Cap: JP¥22.9b

Through its subsidiaries, engages in the container, filling, and machinery production businesses in Taiwan.

Saison Technology

Market Cap: JP¥29.0b

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

Toyo Kanetsu K.K

Market Cap: JP¥27.9b

Engages in plant and machinery, material handling systems, and other businesses in Japan, Southeast Asia, and internationally.

Kyoritsu Electric

Market Cap: JP¥17.5b

Provides various systems, testing and measuring instruments, etc.

NPR-Riken

Market Cap: JP¥65.1b

Manufactures and sells automobile engine parts, marine engine parts, and other products in Japan and internationally.

DoshishaLtd

Market Cap: JP¥78.9b

Plans, develops, produces, and sells lifestyle-related products in Japan and internationally.

Kappa Create

Market Cap: JP¥73.4b

Engages in the management of restaurants.

Toukei Computer

Market Cap: JP¥67.8b

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

TOMONY Holdings

Market Cap: JP¥103.5b

Through its subsidiaries, provides various banking and financial products and services.

Nikko

Market Cap: JP¥26.5b

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

Yukiguni Factory

Market Cap: JP¥45.1b

Manufactures and sells mushrooms and other processed food in Japan.

Komori

Market Cap: JP¥68.9b

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

OpenWork

Market Cap: JP¥18.6b

Develops and manages a job and recruitment information platform in Japan.

Togami Electric Mfg

Market Cap: JP¥16.8b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

AlpenLtd

Market Cap: JP¥90.2b

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

Mr Max Holdings

Market Cap: JP¥22.8b

Operates discount stores in Japan.

Yashima Denki

Market Cap: JP¥36.6b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

Otec

Market Cap: JP¥22.4b

Trades pipework equipment in Japan.

Imuraya Group

Market Cap: JP¥30.9b

Manufactures and sells various food products in Japan and internationally.

AJIS

Market Cap: JP¥22.7b

Provides inventory and other retail support services in Asia.