Japanese Undiscovered Gems With Strong Fundamentals

Tohoku Steel

Market Cap: JP¥16.7b

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

Needs Well

Market Cap: JP¥17.7b

Engages in the IT service business in Japan.

Soliton Systems K.K

Market Cap: JP¥32.8b

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

NS United Kaiun Kaisha

Market Cap: JP¥167.3b

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

YagiLtd

Market Cap: JP¥31.5b

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

Innotech

Market Cap: JP¥33.5b

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

Toho Bank

Market Cap: JP¥174.9b

Provides various banking products and services in Japan.

Cyber Security Cloud

Market Cap: JP¥17.0b

Provides web application security services in Japan.

Cresco

Market Cap: JP¥58.2b

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

Maezawa Kasei Industries

Market Cap: JP¥31.0b

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

FALCO HOLDINGS

Market Cap: JP¥26.1b

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

Komori

Market Cap: JP¥85.5b

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

Nikko

Market Cap: JP¥31.0b

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

Araya Industrial

Market Cap: JP¥20.2b

Manufactures and sells steel products in Japan and internationally.

Kodama Chemical IndustryLtd

Market Cap: JP¥18.7b

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

Techno Ryowa

Market Cap: JP¥133.5b

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

Cota

Market Cap: JP¥31.6b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥284.5b

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

Taiyo KagakuLtd

Market Cap: JP¥45.6b

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

Konishi

Market Cap: JP¥85.5b

Manufactures and sells synthetic adhesives in Japan.

GakkyushaLtd

Market Cap: JP¥25.6b

Operates and manages cram schools in Japan.

Pacific Metals

Market Cap: JP¥43.8b

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

Torigoe

Market Cap: JP¥25.4b

Manufactures and sells flours and related products in Japan.

Yashima Denki

Market Cap: JP¥64.8b

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

Mr Max Holdings

Market Cap: JP¥24.3b

Operates discount stores in Japan.

Imuraya Group

Market Cap: JP¥30.8b

Manufactures and sells various food products in Japan and internationally.

AJIS

Market Cap: JP¥37.3b

Provides retail support services in Japan and internationally.

Ohashi Technica

Market Cap: JP¥30.6b

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

Akatsuki

Market Cap: JP¥20.7b

Engages in the real estate and securities businesses in Japan.

GDEP ADVANCEInc

Market Cap: JP¥16.4b

Engages in the system incubation business in Japan.

Otec

Market Cap: JP¥37.1b

Trades pipework equipment in Japan.

AOKI Holdings

Market Cap: JP¥135.6b

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

Nippon Sharyo

Market Cap: JP¥52.4b

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

Chuo WarehouseLtd

Market Cap: JP¥38.4b

Provides various logistics services in Japan and internationally.

Ryoyu Systems

Market Cap: JP¥39.0b

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

Careerlink

Market Cap: JP¥28.6b

Provides human resource services in Japan.