Japanese Undiscovered Gems With Strong Fundamentals

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥19.4b

Manages and operates ski resorts in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥124.0b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥93.2b

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

Yukiguni Factory

Market Cap: JP¥45.1b

Manufactures and sells mushrooms and other processed food in Japan.

Yashima Denki

Market Cap: JP¥36.6b

Provides plant business, industry/equipment, and transportation business 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.

OpenWork

Market Cap: JP¥18.6b

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

OUG Holdings

Market Cap: JP¥17.4b

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

Ohashi Technica

Market Cap: JP¥26.3b

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

Torigoe

Market Cap: JP¥20.4b

Manufactures and sells flours and related products in Japan.

Chuo WarehouseLtd

Market Cap: JP¥27.3b

Provides various logistics services in Japan and internationally.

Chudenko

Market Cap: JP¥186.0b

Operates as an equipment engineering company in Japan.

Kanda HoldingsLtd

Market Cap: JP¥16.3b

Through its subsidiaries, provides integrated logistics services in Japan and internationally.

GakkyushaLtd

Market Cap: JP¥24.1b

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

Kondotec

Market Cap: JP¥37.4b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

GENOVA

Market Cap: JP¥17.1b

Engages in the medical platform and smart clinic businesses in Japan.

Konishi

Market Cap: JP¥74.0b

Manufactures and sells synthetic adhesives in Japan.

Nihon Parkerizing

Market Cap: JP¥140.3b

Engages in the manufacture and supply of surface treatment chemicals 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.

AlpenLtd

Market Cap: JP¥90.2b

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

Togami Electric Mfg

Market Cap: JP¥16.8b

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

Nikko

Market Cap: JP¥26.5b

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

Techno Ryowa

Market Cap: JP¥61.2b

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

Taiyo KagakuLtd

Market Cap: JP¥29.2b

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

Maezawa Kasei Industries

Market Cap: JP¥26.9b

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

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.

Hyakugo Bank

Market Cap: JP¥167.2b

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

Kyoritsu Electric

Market Cap: JP¥17.5b

Provides various systems, testing and measuring instruments, etc.

Hokkan Holdings

Market Cap: JP¥22.9b

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

Marusan Securities

Market Cap: JP¥57.4b

Engages in the financial products trading business in Japan.

ISE Chemicals

Market Cap: JP¥123.8b

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

DoshishaLtd

Market Cap: JP¥78.9b

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

AOKI Holdings

Market Cap: JP¥123.0b

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

Nippon Care Supply

Market Cap: JP¥31.5b

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

AJIS

Market Cap: JP¥22.7b

Provides inventory and other retail support services in Asia.