Japanese Undiscovered Gems With Strong Fundamentals

Yashima Denki

Market Cap: JP¥35.1b

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

Araya Industrial

Market Cap: JP¥22.9b

Manufactures and sells steel products in Japan and internationally.

QuickLtd

Market Cap: JP¥42.9b

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

OUG Holdings

Market Cap: JP¥19.6b

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

AOKI Holdings

Market Cap: JP¥142.1b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥110.5b

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

Otec

Market Cap: JP¥20.7b

Trades pipework equipment in Japan.

Taiyo KagakuLtd

Market Cap: JP¥32.4b

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

GakkyushaLtd

Market Cap: JP¥24.2b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

TOMONY Holdings

Market Cap: JP¥110.8b

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

Nikko

Market Cap: JP¥28.0b

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

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥24.3b

Manages and operates ski resorts in Japan.

AlpenLtd

Market Cap: JP¥87.8b

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

Togami Electric Mfg

Market Cap: JP¥17.1b

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

Saison Technology

Market Cap: JP¥29.3b

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

FALCO HOLDINGS

Market Cap: JP¥22.5b

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

Nippon Sharyo

Market Cap: JP¥29.8b

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.

Toho

Market Cap: JP¥33.1b

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

GDEP ADVANCEInc

Market Cap: JP¥17.1b

Engages in the system incubation business in Japan.

Tokyo Tekko

Market Cap: JP¥46.6b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

Nippon Care Supply

Market Cap: JP¥32.4b

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

Kyoritsu Electric

Market Cap: JP¥17.2b

Provides various systems, testing and measuring instruments, etc.

Tsubakimoto Kogyo

Market Cap: JP¥44.6b

Engages in the sale of machinery, equipment, parts, and accessories in Japan.

Uoriki

Market Cap: JP¥33.8b

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

YagiLtd

Market Cap: JP¥24.3b

Operates as a fiber trading company in Japan.

Shimizu Bank

Market Cap: JP¥15.7b

Provides various banking services in Japan.

KurimotoLtd

Market Cap: JP¥78.5b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Cresco

Market Cap: JP¥65.6b

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

CMC

Market Cap: JP¥19.6b

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

Maezawa Kasei Industries

Market Cap: JP¥26.4b

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

Ryoyu Systems

Market Cap: JP¥45.3b

Provides information technology (IT) solutions for various industries in Japan.

Tohoku Steel

Market Cap: JP¥14.9b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

CHANGE HoldingsInc

Market Cap: JP¥78.5b

Provides IT human resources development training services in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥122.6b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Ohashi Technica

Market Cap: JP¥25.1b

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

KinjiroLtd

Market Cap: JP¥17.8b

Provides human resource management (HRM) solution services.