Japanese Undiscovered Gems With Strong Fundamentals

Yashima Denki

Market Cap: JP¥37.4b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

FALCO HOLDINGS

Market Cap: JP¥24.3b

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

Taiyo KagakuLtd

Market Cap: JP¥29.3b

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

Toho

Market Cap: JP¥34.3b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

Imuraya Group

Market Cap: JP¥31.0b

Manufactures and sells various food products in Japan and internationally.

Nikko

Market Cap: JP¥26.0b

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

Ryoyu Systems

Market Cap: JP¥42.3b

Provides information technology (IT) solutions for various industries in Japan.

GakkyushaLtd

Market Cap: JP¥24.4b

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

Kondotec

Market Cap: JP¥36.5b

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

KinjiroLtd

Market Cap: JP¥16.9b

Provides human resource management (HRM) solution services.

Konishi

Market Cap: JP¥73.4b

Manufactures and sells synthetic adhesives in Japan.

DoshishaLtd

Market Cap: JP¥80.6b

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

Tohoku Steel

Market Cap: JP¥14.9b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

AlpenLtd

Market Cap: JP¥89.7b

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

Maezawa Kasei Industries

Market Cap: JP¥27.3b

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

Hyakugo Bank

Market Cap: JP¥171.2b

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

Tokyo Tekko

Market Cap: JP¥48.3b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

AOKI Holdings

Market Cap: JP¥120.9b

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

Cresco

Market Cap: JP¥65.5b

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

Shimizu Bank

Market Cap: JP¥15.4b

Provides various banking services in Japan.

Techno Smart

Market Cap: JP¥18.3b

Provides liquid crystal-related film and cast film manufacturing devices.

Tsubakimoto Kogyo

Market Cap: JP¥41.5b

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

Kanro

Market Cap: JP¥60.1b

Manufactures and sells confectionery and food products in Japan.

Yukiguni Factory

Market Cap: JP¥43.4b

Manufactures and sells mushrooms and other processed food in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥126.2b

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

AJIS

Market Cap: JP¥23.1b

Provides inventory and other retail support services in Asia.

ISE Chemicals

Market Cap: JP¥125.0b

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

KurimotoLtd

Market Cap: JP¥65.1b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Otec

Market Cap: JP¥20.3b

Trades pipework equipment in Japan.

Torigoe

Market Cap: JP¥21.0b

Manufactures and sells flours and related products in Japan.

TOMONY Holdings

Market Cap: JP¥103.5b

Through its subsidiaries, provides various banking and financial products and services.

Togami Electric Mfg

Market Cap: JP¥17.0b

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

CMC

Market Cap: JP¥18.6b

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

Nippon Sharyo

Market Cap: JP¥30.1b

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.

Ogaki Kyoritsu Bank

Market Cap: JP¥103.0b

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

Uoriki

Market Cap: JP¥33.4b

Engages in the retailing, eating and drinking, and wholesale businesses in Japan and internationally.