Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.1b

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

Tohoku Steel

Market Cap: JP¥16.6b

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

CMC

Market Cap: JP¥23.1b

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

Techno Ryowa

Market Cap: JP¥163.0b

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

E J Holdings

Market Cap: JP¥32.7b

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

Imuraya Group

Market Cap: JP¥32.4b

Manufactures and sells various food products in Japan and internationally.

Kaneko Seeds

Market Cap: JP¥17.1b

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

Taiyo KagakuLtd

Market Cap: JP¥43.8b

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

Araya Industrial

Market Cap: JP¥25.9b

Manufactures and sells steel products in Japan and internationally.

Ebara JitsugyoLtd

Market Cap: JP¥56.3b

Manufactures and sells environmentally related products in Japan.

Tokyo Tekko

Market Cap: JP¥55.5b

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

Yashima Denki

Market Cap: JP¥67.5b

Engages in the plant, public/facilities, and transportation businesses in Japan and internationally.

ISE Chemicals

Market Cap: JP¥270.6b

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

Tsubakimoto Kogyo

Market Cap: JP¥55.2b

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

Hi-Lex

Market Cap: JP¥132.7b

Operates in the automotive, industrial equipment, and medical equipment sectors in Japan and internationally.

CHANGE HoldingsInc

Market Cap: JP¥73.5b

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

Toukei Computer

Market Cap: JP¥80.7b

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

Dear LifeLtd

Market Cap: JP¥59.0b

Engages in the real estate business in Japan.

Wowow

Market Cap: JP¥42.7b

Provides broadcasting and related services in Japan.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥23.4b

Manages and operates ski resorts in Japan.

Saison Technology

Market Cap: JP¥38.8b

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

Cresco

Market Cap: JP¥72.1b

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

Business Brain Showa-Ota

Market Cap: JP¥38.5b

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

Ryoyu Systems

Market Cap: JP¥50.3b

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

Bank of Iwate

Market Cap: JP¥105.5b

Provides various financial products and services in Japan.

System ResearchLtd

Market Cap: JP¥33.8b

Provides software development services in Japan.

Ohashi Technica

Market Cap: JP¥31.7b

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

Komori

Market Cap: JP¥87.3b

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

Otec

Market Cap: JP¥40.4b

Trades pipework equipment in Japan.

Envipro Holdings

Market Cap: JP¥25.3b

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

CAC Holdings

Market Cap: JP¥35.6b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Cota

Market Cap: JP¥32.4b

Manufactures and sells of hair cosmetics and quasi drugs in Japan and internationally.

Chudenko

Market Cap: JP¥257.0b

Operates as an equipment engineering company in Japan.

Kyoritsu Electric

Market Cap: JP¥22.4b

Provides various systems, testing and measuring instruments, etc.

FALCO HOLDINGS

Market Cap: JP¥27.4b

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

OUG Holdings

Market Cap: JP¥21.3b

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