Japanese Undiscovered Gems With Strong Fundamentals

Taiyo KagakuLtd

Market Cap: JP¥42.9b

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

Central Forest Group

Market Cap: JP¥23.8b

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

Maezawa Kasei Industries

Market Cap: JP¥28.6b

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

Soliton Systems K.K

Market Cap: JP¥39.3b

Engages in the development and sale of IT security-related products in Japan, the United States, and internationally.

Innotech

Market Cap: JP¥52.6b

Engages in the import and sale of electronic design automation software, electric components, and semiconductor products in Japan and internationally.

Tsubakimoto Kogyo

Market Cap: JP¥49.5b

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

System ResearchLtd

Market Cap: JP¥28.9b

Provides software development services in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥56.3b

Manufactures and sells environmentally related products.

Yashima Denki

Market Cap: JP¥58.3b

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

Kyoritsu Electric

Market Cap: JP¥22.4b

Provides various systems, testing and measuring instruments, etc.

Toukei Computer

Market Cap: JP¥76.6b

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

Nippon Care Supply

Market Cap: JP¥36.5b

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

Tohoku Steel

Market Cap: JP¥33.2b

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

GakkyushaLtd

Market Cap: JP¥27.7b

Operates and manages cram schools in Japan.

OUG Holdings

Market Cap: JP¥23.0b

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

Chuo WarehouseLtd

Market Cap: JP¥31.4b

Provides various logistics services in Japan and internationally.

GDEP ADVANCEInc

Market Cap: JP¥16.4b

Engages in the system incubation business in Japan.

Otec

Market Cap: JP¥36.1b

Trades pipework equipment in Japan.

NPR-Riken

Market Cap: JP¥102.5b

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

Careerlink

Market Cap: JP¥26.0b

Provides human resource services in Japan.

Cyber Security Cloud

Market Cap: JP¥17.5b

Provides web application security services in Japan.

Ascentech K.K

Market Cap: JP¥21.0b

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

Tamagawa Holdings

Market Cap: JP¥18.4b

Engages in the electronic and communication equipment business and renewable energy.

Nippon Sharyo

Market Cap: JP¥48.0b

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

FALCO HOLDINGS

Market Cap: JP¥25.6b

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

Ryoyu Systems

Market Cap: JP¥36.3b

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

QuickLtd

Market Cap: JP¥41.5b

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

NS United Kaiun Kaisha

Market Cap: JP¥186.6b

Engages in the marine transportation services and related business in Japan and internationally.

Techno Ryowa

Market Cap: JP¥131.4b

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

CMC

Market Cap: JP¥23.5b

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

Cota

Market Cap: JP¥29.4b

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

Wowow

Market Cap: JP¥28.8b

Provides broadcasting and related services in Japan.

CAC Holdings

Market Cap: JP¥30.7b

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

Kanda HoldingsLtd

Market Cap: JP¥18.9b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

Hokkan Holdings

Market Cap: JP¥27.6b

Through its subsidiaries, engages in the container, filling, and machinery production, and other businesses in Japan and internationally.

Torigoe

Market Cap: JP¥25.2b

Manufactures and sells flours and related products in Japan.