Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥23.3b

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

Hokkan Holdings

Market Cap: JP¥27.3b

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

Bell-ParkLtd

Market Cap: JP¥34.6b

Bell-Park Co.,Ltd. provide services for information and communication equipment, and services in Japan.

Toho Bank

Market Cap: JP¥194.7b

Provides various banking products and services in Japan.

Akatsuki

Market Cap: JP¥17.9b

Engages in the real estate and securities businesses in Japan.

QuickLtd

Market Cap: JP¥41.4b

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

Business Brain Showa-Ota

Market Cap: JP¥32.4b

Provides consulting and systems development, and business management services in Japan.

Imuraya Group

Market Cap: JP¥28.5b

Manufactures and sells various food products in Japan and internationally.

Wowow

Market Cap: JP¥28.8b

Provides broadcasting and related services in Japan.

Cresco

Market Cap: JP¥63.0b

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

Muto Seiko

Market Cap: JP¥16.1b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.

NPR-Riken

Market Cap: JP¥102.1b

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

FALCO HOLDINGS

Market Cap: JP¥25.1b

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

NS United Kaiun Kaisha

Market Cap: JP¥182.6b

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

Ascentech K.K

Market Cap: JP¥21.3b

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

Akita Bank

Market Cap: JP¥110.0b

Provides banking and other financial services in Japan.

Cota

Market Cap: JP¥29.5b

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

Nikko

Market Cap: JP¥32.7b

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

CAC Holdings

Market Cap: JP¥30.5b

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.

Nippon Sharyo

Market Cap: JP¥48.6b

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

Ryoyu Systems

Market Cap: JP¥37.0b

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

Pacific Metals

Market Cap: JP¥40.1b

Produces and sells ferro-nickel and ferro-nickel slag products in Japan and internationally.

Yashima Denki

Market Cap: JP¥59.5b

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

Innotech

Market Cap: JP¥55.8b

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

GakkyushaLtd

Market Cap: JP¥28.0b

Operates and manages cram schools in Japan.

Yukiguni Factory

Market Cap: JP¥42.0b

Manufactures and sells mushrooms and other food products under the Yukiguni brand name in Japan.

OUG Holdings

Market Cap: JP¥22.2b

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

CMC

Market Cap: JP¥23.8b

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

ISE Chemicals

Market Cap: JP¥236.7b

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

Kyoritsu Electric

Market Cap: JP¥22.1b

Provides various systems, testing and measuring instruments, etc.

System ResearchLtd

Market Cap: JP¥28.8b

Provides software development services in Japan.

Torigoe

Market Cap: JP¥25.0b

Manufactures and sells flours and related products in Japan.

Otec

Market Cap: JP¥37.1b

Trades pipework equipment in Japan.

Toukei Computer

Market Cap: JP¥76.6b

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

Ebara JitsugyoLtd

Market Cap: JP¥56.4b

Manufactures and sells environmentally related products.