Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥23.1b

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

Taiyo KagakuLtd

Market Cap: JP¥42.8b

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

Akita Bank

Market Cap: JP¥109.6b

Provides banking and other financial services in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥181.7b

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

Ohashi Technica

Market Cap: JP¥27.2b

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

Tamagawa Holdings

Market Cap: JP¥18.3b

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

Chuo WarehouseLtd

Market Cap: JP¥30.8b

Provides various logistics services in Japan and internationally.

GDEP ADVANCEInc

Market Cap: JP¥17.3b

Engages in the system incubation business in Japan.

Pacific Metals

Market Cap: JP¥38.6b

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

Otec

Market Cap: JP¥36.3b

Trades pipework equipment in Japan.

Toho Bank

Market Cap: JP¥194.7b

Provides various banking products and services in Japan.

Soliton Systems K.K

Market Cap: JP¥39.7b

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

Tsubakimoto Kogyo

Market Cap: JP¥49.7b

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

Ascentech K.K

Market Cap: JP¥21.0b

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

Akatsuki

Market Cap: JP¥17.9b

Engages in the real estate and securities businesses in Japan.

Cota

Market Cap: JP¥30.0b

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

CAC Holdings

Market Cap: JP¥30.6b

Through its subsidiaries, provides information technology services 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.

Mr Max Holdings

Market Cap: JP¥23.5b

Operates discount stores in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥56.5b

Manufactures and sells environmentally related products.

Toukei Computer

Market Cap: JP¥76.0b

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

TOMONY Holdings

Market Cap: JP¥168.8b

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

Cresco

Market Cap: JP¥63.8b

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

Muto Seiko

Market Cap: JP¥15.9b

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

Imuraya Group

Market Cap: JP¥28.5b

Manufactures and sells various food products in Japan and internationally.

YagiLtd

Market Cap: JP¥36.7b

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

Bell-ParkLtd

Market Cap: JP¥35.1b

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

NPR-Riken

Market Cap: JP¥101.8b

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

Hokkan Holdings

Market Cap: JP¥27.5b

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

Yukiguni Factory

Market Cap: JP¥42.0b

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

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.

Marusan Securities

Market Cap: JP¥70.1b

Engages in the financial products trading business in Japan.

Soracom

Market Cap: JP¥45.1b

Provides Internet of Things (IoT) based cellular connectivity solutions.

Wacoal Holdings

Market Cap: JP¥226.8b

Engages in the manufacturing, wholesale, and retail sale of intimate apparel, outerwear, sportswear, and other textile products and accessories in Japan, Asia, Oceania, the United States, and Europe.

GakkyushaLtd

Market Cap: JP¥27.8b

Operates and manages cram schools in Japan.