Japanese Undiscovered Gems With Strong Fundamentals

Shimizu Bank

Market Cap: JP¥16.0b

Provides various banking services in Japan.

Saison Technology

Market Cap: JP¥29.7b

Engages in the system development and operation, and software package businesses in Japan.

Yashima Denki

Market Cap: JP¥35.9b

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

FALCO HOLDINGS

Market Cap: JP¥22.8b

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

Araya Industrial

Market Cap: JP¥23.3b

Manufactures and sells steel products in Japan and internationally.

ITOCHU-SHOKUHIN

Market Cap: JP¥126.9b

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

Ryoyu Systems

Market Cap: JP¥43.3b

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

Tsubakimoto Kogyo

Market Cap: JP¥45.3b

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

Nippon Sharyo

Market Cap: JP¥29.8b

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.

Torigoe

Market Cap: JP¥20.6b

Manufactures and sells flours and related products in Japan.

Ascentech K.K

Market Cap: JP¥24.0b

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

Kyoritsu Electric

Market Cap: JP¥17.3b

Provides various systems, testing and measuring instruments, etc.

Ogaki Kyoritsu Bank

Market Cap: JP¥114.6b

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

Ohashi Technica

Market Cap: JP¥26.1b

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

AlpenLtd

Market Cap: JP¥91.2b

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

CHANGE HoldingsInc

Market Cap: JP¥79.0b

Provides IT human resources development training services in Japan.

KurimotoLtd

Market Cap: JP¥82.2b

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

Rion

Market Cap: JP¥31.5b

Manufactures, sells, and maintains hearing instruments, medical equipment, sound and vibration measuring instruments, particle counters, and related parts and equipment in Japan.

Techno Ryowa

Market Cap: JP¥74.3b

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

Marusan Securities

Market Cap: JP¥60.4b

Engages in the financial products trading business in Japan.

Chudenko

Market Cap: JP¥184.9b

Operates as an equipment engineering company in Japan.

CMC

Market Cap: JP¥19.8b

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

OUG Holdings

Market Cap: JP¥19.5b

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

AOKI Holdings

Market Cap: JP¥140.7b

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

AJIS

Market Cap: JP¥25.3b

Provides inventory and other retail support services in Asia.

Kondotec

Market Cap: JP¥38.2b

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

Cresco

Market Cap: JP¥65.2b

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

Uoriki

Market Cap: JP¥34.1b

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

Taiyo KagakuLtd

Market Cap: JP¥32.4b

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

Tohoku Steel

Market Cap: JP¥14.8b

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

Otec

Market Cap: JP¥21.0b

Trades pipework equipment in Japan.

YagiLtd

Market Cap: JP¥24.5b

Operates as a fiber trading company in Japan.

Nippon Care Supply

Market Cap: JP¥32.6b

Engages in the rental and wholesale of welfare equipment in Japan.

GDEP ADVANCEInc

Market Cap: JP¥19.4b

Engages in the system incubation business in Japan.

Maezawa Kasei Industries

Market Cap: JP¥26.7b

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

Tokyo Tekko

Market Cap: JP¥48.4b

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