Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

DoshishaLtd

Market Cap: JP¥100.0b

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

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥27.5b

Manages and operates ski resorts in Japan.

Ferchem Misr for fertilizers and chemicalsE

Market Cap: ج.م31.5b

Produces and sells fertilizers.

Marusan Securities

Market Cap: JP¥64.2b

Engages in the financial products trading business in Japan.

Otec

Market Cap: JP¥27.6b

Trades pipework equipment in Japan.

Konishi

Market Cap: JP¥83.5b

Manufactures and sells synthetic adhesives in Japan.

FCE

Market Cap: JP¥16.9b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.

Nippon Sharyo

Market Cap: JP¥41.2b

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

YagiLtd

Market Cap: JP¥27.3b

Operates as a fiber trading company in Japan.

Toukei Computer

Market Cap: JP¥73.7b

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

Akatsuki

Market Cap: JP¥16.9b

Engages in the real estate and securities businesses in Japan.

Maezawa Kasei Industries

Market Cap: JP¥32.9b

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

NARUMIYA INTERNATIONAL

Market Cap: JP¥17.3b

Manufactures, processes, and sells clothing and related products.

Chudenko

Market Cap: JP¥216.3b

Operates as an equipment engineering company in Japan.

Toho Bank

Market Cap: JP¥108.4b

Provides various banking products and services in Japan.

Araya Industrial

Market Cap: JP¥25.0b

Manufactures and sells steel products in Japan and internationally.

Kaneko Seeds

Market Cap: JP¥16.1b

Engages in the agribusiness in Japan.

ISE Chemicals

Market Cap: JP¥138.6b

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

Tokyo Tekko

Market Cap: JP¥51.8b

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

Mulpha International Bhd

Market Cap: RM 930.8m

An investment holding company, invests in the real estate and hospitality sectors in Malaysia, Australia, and New Zealand.

GB Holdings

Market Cap: US$54.2m

Provides rubber and chemical products in Zimbabwe.

MKH Berhad

Market Cap: RM 582.7m

An investment holding company, engages in the property development and construction, plantation, hotel and property investment, and other activities in Malaysia, the Peoples’ Republic of China, and Indonesia.

OUG Holdings

Market Cap: JP¥21.7b

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

Hoshi Iryo-Sanki

Market Cap: JP¥15.0b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

First Juken

Market Cap: JP¥17.0b

Engages in the construction and sale of detached houses in Japan.

CMC

Market Cap: JP¥22.9b

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

ITOCHU-SHOKUHIN

Market Cap: JP¥128.4b

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

Taiyo KagakuLtd

Market Cap: JP¥35.8b

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

AOKI Holdings

Market Cap: JP¥154.3b

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

Hyakugo Bank

Market Cap: JP¥216.5b

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

Morris State Bancshares

Market Cap: US$237.0m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.

GakkyushaLtd

Market Cap: JP¥25.2b

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

Ohashi Technica

Market Cap: JP¥28.5b

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

GDEP ADVANCEInc

Market Cap: JP¥16.9b

Engages in the system incubation business in Japan.

CHANGE HoldingsInc

Market Cap: JP¥78.3b

Provides IT human resources development training services in Japan.