Japanese Undiscovered Gems With Strong Fundamentals

Nippon Carbide Industries

Market Cap: JP¥31.1b

Engages in the electronic and functional products, and films and sheetings business in Japan, Asia, and internationally.

Base

Market Cap: JP¥54.7b

Engages in the computer software development and related work in Japan.

Cybozu

Market Cap: JP¥113.9b

Engages in the development, sale, and operation of groupware in Japan.

FINDEX

Market Cap: JP¥20.4b

Offers medical devices in Japan.

Vector

Market Cap: JP¥66.0b

Engages in the public relations (PR) and advertising, press release distribution, video release distribution, direct marketing, media, investment, and human resources businesses in Japan, China, and internationally.

SPRIX

Market Cap: JP¥19.1b

Engages in the cram school and educational businesses in Japan.

Polaris Holdings

Market Cap: JP¥39.1b

Operates a chain of hotels in Japan.

Port

Market Cap: JP¥26.8b

Operates various domain-specific vertical media and develops content marketing for user needs in Japan.

Japan Eyewear Holdings

Market Cap: JP¥50.5b

Through its subsidiaries, engages in the designing, manufacturing, and selling eyeglasses in Japan.

Warabeya Nichiyo Holdings

Market Cap: JP¥44.6b

Engages in the manufacture and sale of food products for convenience stores in Japan, the United States, and internationally.

m-up holdings

Market Cap: JP¥45.1b

Engages in the development and distribution of mobile and PC content, and e-commerce businesses in Japan.

Hibino

Market Cap: JP¥26.6b

Designs, sells, installs, and maintains audio equipment in Japan and internationally.

Marvelous

Market Cap: JP¥27.7b

Engages in the planning, development, production, marketing, and sale of game software for home-use game machines.

GSI Creos

Market Cap: JP¥28.4b

Offers textiles and industrial products in Japan and internationally.

Business Engineering

Market Cap: JP¥61.8b

Designs, develops, and implements corporate information systems, primarily using ERP package products developed by other companies worldwide.

JM HoldingsLtd

Market Cap: JP¥63.4b

Engages in the supermarket business in Japan.

Daito PharmaceuticalLtd

Market Cap: JP¥31.8b

Engages in the manufacture and sale of pharmaceutical products in Japan and internationally.

OVERLAP HoldingsInc

Market Cap: JP¥18.5b

Engages in the planning, production, and sale of entertainment IP contents of manga, novels, comics, and animations.

Startia HoldingsInc

Market Cap: JP¥27.2b

Engages in the IT business in Japan and internationally.

MarkLines

Market Cap: JP¥16.8b

Operates an automotive industry portal in Japan, China, the rest of Asia, North America, Europe, and internationally.

J-LeaseLtd

Market Cap: JP¥22.8b

Engages in guarantor-related business.

CTS

Market Cap: JP¥33.6b

Primarily engages in the provision of ICT construction services for the construction industry in Japan.

Tadano

Market Cap: JP¥158.6b

Manufactures and sells construction and vehicle-mounted cranes, aerial work platforms, and transport machinery in Japan and internationally.

GreensLtd

Market Cap: JP¥26.8b

Operates a chain of hotels in Japan.

MEDIA DO

Market Cap: JP¥20.1b

Engages in the eBook distribution business in Japan.

Noritsu Koki

Market Cap: JP¥212.9b

Manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

gremsInc

Market Cap: JP¥54.6b

Engages in the energy solution and electricity retailing businesses in Japan.

DIGITAL HEARTS HOLDINGS

Market Cap: JP¥16.3b

Engages in the debugging, media, and other businesses.

Future

Market Cap: JP¥137.7b

Provides IT consulting and services primarily in Japan.

SIGMAXYZ Holdings

Market Cap: JP¥43.5b

Engages in the consulting, investment, and M&A advisory businesses in Japan.

CREEK & RIVER

Market Cap: JP¥26.5b

Engages in the production and management of creative artists and agencies, as well as rights management in Japan and internationally.

ARCHION

Market Cap: JP¥860.1b

Manufactures and sells commercial vehicles under the FUSO and HINO brands.

ARE Holdings

Market Cap: JP¥266.4b

Engages in refining, manufacturing, and trading of precious metals and rare metals in Japan, Asia, and North America.