Japanese Undiscovered Gems With Strong Fundamentals

Techno Ryowa

Market Cap: JP¥132.0b

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

Cyber Security Cloud

Market Cap: JP¥17.6b

Provides web application security services in Japan.

YagiLtd

Market Cap: JP¥35.7b

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

Maezawa Kasei Industries

Market Cap: JP¥28.6b

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

Wacoal Holdings

Market Cap: JP¥220.3b

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.

Marusan Securities

Market Cap: JP¥69.6b

Engages in the financial products trading business in Japan.

Soracom

Market Cap: JP¥46.9b

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

Togami Electric Mfg

Market Cap: JP¥26.8b

Engages in the manufacturing and sale of industrial power distribution equipment in Japan.

Taiyo KagakuLtd

Market Cap: JP¥42.7b

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

Ohashi Technica

Market Cap: JP¥27.5b

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

Envipro Holdings

Market Cap: JP¥23.9b

Through its subsidiaries, engages in the resource recycling, global trading, and lithium-ion battery recycling businesses in Japan and internationally.

Ogaki Kyoritsu Bank

Market Cap: JP¥303.2b

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

Mr Max Holdings

Market Cap: JP¥23.6b

Operates discount stores in Japan.

Tamagawa Holdings

Market Cap: JP¥18.5b

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

Tsubakimoto Kogyo

Market Cap: JP¥49.4b

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

Soliton Systems K.K

Market Cap: JP¥39.2b

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

Wowow

Market Cap: JP¥28.8b

Provides broadcasting and related services in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥182.2b

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

ISE Chemicals

Market Cap: JP¥222.2b

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

Torigoe

Market Cap: JP¥25.1b

Manufactures and sells flours and related products in Japan.

Yukiguni Factory

Market Cap: JP¥42.0b

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

Toho Bank

Market Cap: JP¥191.2b

Provides various banking products and services in Japan.

Otec

Market Cap: JP¥36.9b

Trades pipework equipment in Japan.

Business Brain Showa-Ota

Market Cap: JP¥32.9b

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

NPR-Riken

Market Cap: JP¥101.6b

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

Bell-ParkLtd

Market Cap: JP¥34.4b

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

Ebara JitsugyoLtd

Market Cap: JP¥56.6b

Manufactures and sells environmentally related products.

Imuraya Group

Market Cap: JP¥28.8b

Manufactures and sells various food products in Japan and internationally.

Cresco

Market Cap: JP¥62.1b

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

CMC

Market Cap: JP¥23.3b

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

Cota

Market Cap: JP¥29.8b

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

Pacific Metals

Market Cap: JP¥39.9b

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

Toukei Computer

Market Cap: JP¥76.1b

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

OUG Holdings

Market Cap: JP¥22.2b

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

Kyoritsu Electric

Market Cap: JP¥22.5b

Provides various systems, testing and measuring instruments, etc.

System ResearchLtd

Market Cap: JP¥28.7b

Provides software development services in Japan.