Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.5b

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

Taiyo KagakuLtd

Market Cap: JP¥46.4b

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

Tohoku Steel

Market Cap: JP¥16.5b

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

AJIS

Market Cap: JP¥37.3b

Provides retail support services in Japan and internationally.

Otec

Market Cap: JP¥37.2b

Trades pipework equipment in Japan.

Hoshi Iryo-Sanki

Market Cap: JP¥16.6b

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

Kaneko Seeds

Market Cap: JP¥16.1b

Kaneko Seeds Co., Ltd., together with its subsidiaries, production and sale agricultural seeds in Japan.

Araya Industrial

Market Cap: JP¥20.1b

Manufactures and sells steel products in Japan and internationally.

GakkyushaLtd

Market Cap: JP¥25.8b

Operates and manages cram schools in Japan.

Yashima Denki

Market Cap: JP¥66.8b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥288.6b

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

Imuraya Group

Market Cap: JP¥30.6b

Manufactures and sells various food products in Japan and internationally.

Torigoe

Market Cap: JP¥25.5b

Manufactures and sells flours and related products in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥50.8b

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

System ResearchLtd

Market Cap: JP¥28.8b

Provides software development services in Japan.

Konishi

Market Cap: JP¥85.8b

Manufactures and sells synthetic adhesives in Japan.

Techno Ryowa

Market Cap: JP¥133.1b

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

Kodama Chemical IndustryLtd

Market Cap: JP¥18.1b

Manufactures and sells plastic products in Japan, Thailand, and internationally.

Cota

Market Cap: JP¥31.3b

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

Innotech

Market Cap: JP¥35.2b

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

Ascentech K.K

Market Cap: JP¥18.7b

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

Cyber Security Cloud

Market Cap: JP¥17.0b

Provides web application security services in Japan.

OpenWork

Market Cap: JP¥19.8b

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

Nikko

Market Cap: JP¥31.0b

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

Komori

Market Cap: JP¥85.5b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Ryoyu Systems

Market Cap: JP¥39.3b

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

GDEP ADVANCEInc

Market Cap: JP¥16.4b

Engages in the system incubation business in Japan.

Chuo WarehouseLtd

Market Cap: JP¥39.2b

Provides various logistics services in Japan and internationally.

Cresco

Market Cap: JP¥58.5b

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

YagiLtd

Market Cap: JP¥32.3b

Together its subsidiaries, operates as a fiber trading company in Japan.

Soliton Systems K.K

Market Cap: JP¥32.3b

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

Ohashi Technica

Market Cap: JP¥29.8b

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

MicroAd

Market Cap: JP¥21.2b

Operates an advertising platform that connects advertisers and the media in Japan.

Dear LifeLtd

Market Cap: JP¥55.1b

Engages in the real estate business in Japan.

AOKI Holdings

Market Cap: JP¥135.2b

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

Akatsuki

Market Cap: JP¥20.9b

Engages in the real estate and securities businesses in Japan.