Japanese Undiscovered Gems With Strong Fundamentals

GDEP ADVANCEInc

Market Cap: JP¥16.2b

Engages in the system incubation business in Japan.

Tokyo Tekko

Market Cap: JP¥41.3b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥51.1b

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

NS United Kaiun Kaisha

Market Cap: JP¥164.0b

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

Maezawa Kasei Industries

Market Cap: JP¥30.4b

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

Nippon Sharyo

Market Cap: JP¥53.5b

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

AOKI Holdings

Market Cap: JP¥132.3b

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

Careerlink

Market Cap: JP¥27.8b

Provides human resource services in Japan.

AJIS

Market Cap: JP¥37.3b

Provides retail support services in Japan and internationally.

FALCO HOLDINGS

Market Cap: JP¥25.4b

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

Needs Well

Market Cap: JP¥17.3b

Engages in the IT service business in Japan.

Tohoku Steel

Market Cap: JP¥16.7b

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

Wacoal Holdings

Market Cap: JP¥233.4b

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¥25.0b

Operates and manages cram schools in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥58.1b

Manufactures and sells environmentally related products.

Toukei Computer

Market Cap: JP¥79.1b

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

OpenWork

Market Cap: JP¥19.3b

Develops and manages a job and recruitment information platform in Japan.

Toho Bank

Market Cap: JP¥172.2b

Provides various banking products and services in Japan.

Chuo WarehouseLtd

Market Cap: JP¥37.7b

Provides various logistics services in Japan and internationally.

Ryoyu Systems

Market Cap: JP¥40.4b

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

Nippon Care Supply

Market Cap: JP¥35.2b

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

Wowow

Market Cap: JP¥33.9b

Provides broadcasting and related services in Japan.

Techno Smart

Market Cap: JP¥21.7b

Provides liquid crystal-related film and cast film manufacturing devices.

Pacific Metals

Market Cap: JP¥46.2b

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

Mr Max Holdings

Market Cap: JP¥23.5b

Operates discount stores in Japan.

Shimizu Bank

Market Cap: JP¥29.0b

Provides various banking services in Japan.

MEEQ

Market Cap: JP¥16.8b

Engages in the mobile IoT support business in Japan.

CMC

Market Cap: JP¥24.4b

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

Imuraya Group

Market Cap: JP¥30.3b

Manufactures and sells various food products in Japan and internationally.

Soliton Systems K.K

Market Cap: JP¥33.1b

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

Innotech

Market Cap: JP¥34.3b

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

Komori

Market Cap: JP¥80.4b

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

Envipro Holdings

Market Cap: JP¥32.3b

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

Marusan Securities

Market Cap: JP¥69.4b

Engages in the financial products trading business in Japan.

Soracom

Market Cap: JP¥45.4b

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

Otec

Market Cap: JP¥36.2b

Trades pipework equipment in Japan.