Japanese Undiscovered Gems With Strong Fundamentals

Ryoyu Systems

Market Cap: JP¥39.2b

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

Techno Ryowa

Market Cap: JP¥131.6b

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

Cyber Security Cloud

Market Cap: JP¥17.1b

Provides web application security services 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.

Central Forest Group

Market Cap: JP¥22.3b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

OpenWork

Market Cap: JP¥19.9b

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

Tsubakimoto Kogyo

Market Cap: JP¥50.7b

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

AOKI Holdings

Market Cap: JP¥134.3b

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

AJIS

Market Cap: JP¥37.3b

Provides retail support services in Japan and internationally.

Torigoe

Market Cap: JP¥25.4b

Manufactures and sells flours and related products in Japan.

Imuraya Group

Market Cap: JP¥30.7b

Manufactures and sells various food products in Japan and internationally.

Nikko

Market Cap: JP¥31.0b

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

Komori

Market Cap: JP¥85.6b

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

Araya Industrial

Market Cap: JP¥19.7b

Manufactures and sells steel products in Japan and internationally.

Kodama Chemical IndustryLtd

Market Cap: JP¥18.5b

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

Kanda HoldingsLtd

Market Cap: JP¥18.9b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

Wowow

Market Cap: JP¥36.2b

Provides broadcasting and related services in Japan.

CMC

Market Cap: JP¥24.3b

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

Techno Smart

Market Cap: JP¥21.8b

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

Nippon Care Supply

Market Cap: JP¥36.8b

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

Ohashi Technica

Market Cap: JP¥30.2b

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

Shimizu Bank

Market Cap: JP¥29.7b

Provides various banking services in Japan.

Nice

Market Cap: JP¥23.7b

Distributes building materials and housing equipment in Japan.

Dear LifeLtd

Market Cap: JP¥54.7b

Engages in the real estate business in Japan.

MEEQ

Market Cap: JP¥18.0b

Engages in the mobile IoT support business in Japan.

ISE Chemicals

Market Cap: JP¥274.7b

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

MicroAd

Market Cap: JP¥23.0b

Operates an advertising platform that connects advertisers and the media in Japan.

Chuo WarehouseLtd

Market Cap: JP¥39.7b

Provides various logistics services in Japan and internationally.

Nippon Sharyo

Market Cap: JP¥52.5b

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

Careerlink

Market Cap: JP¥28.5b

Provides human resource services in Japan.

Cota

Market Cap: JP¥31.4b

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

Yashima Denki

Market Cap: JP¥63.3b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥275.6b

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

Taiyo KagakuLtd

Market Cap: JP¥45.8b

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

Toho Bank

Market Cap: JP¥171.7b

Provides various banking products and services in Japan.