Japanese Undiscovered Gems With Strong Fundamentals

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.

Toho Bank

Market Cap: JP¥172.2b

Provides various banking products and services 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.

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.

OpenWork

Market Cap: JP¥19.3b

Develops and manages a job and recruitment information platform 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.

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.

Toukei Computer

Market Cap: JP¥79.1b

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

Tohoku Steel

Market Cap: JP¥16.7b

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

Pacific Metals

Market Cap: JP¥46.2b

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

GDEP ADVANCEInc

Market Cap: JP¥16.2b

Engages in the system incubation business in Japan.

Araya Industrial

Market Cap: JP¥19.6b

Manufactures and sells steel products in Japan and internationally.

Nikko

Market Cap: JP¥31.2b

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

Kodama Chemical IndustryLtd

Market Cap: JP¥17.6b

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

Cota

Market Cap: JP¥30.6b

Manufactures and sells of hair cosmetics and quasi drugs 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.

Cyber Security Cloud

Market Cap: JP¥16.5b

Provides web application security services in Japan.

Techno Ryowa

Market Cap: JP¥143.9b

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

Dear LifeLtd

Market Cap: JP¥52.6b

Engages in the real estate business in Japan.

Imuraya Group

Market Cap: JP¥30.3b

Manufactures and sells various food products in Japan and internationally.

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.

Hokkan Holdings

Market Cap: JP¥26.9b

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

Nice

Market Cap: JP¥22.7b

Distributes building materials and housing equipment in Japan.

Ascentech K.K

Market Cap: JP¥19.2b

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

Hoshi Iryo-Sanki

Market Cap: JP¥16.4b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.