Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.3b

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

Taiyo KagakuLtd

Market Cap: JP¥45.8b

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

Tohoku Steel

Market Cap: JP¥16.9b

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

Hoshi Iryo-Sanki

Market Cap: JP¥16.7b

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

Kanda HoldingsLtd

Market Cap: JP¥18.9b

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

MicroAd

Market Cap: JP¥23.0b

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

YagiLtd

Market Cap: JP¥31.6b

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

Soliton Systems K.K

Market Cap: JP¥32.8b

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

Cresco

Market Cap: JP¥57.8b

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

Imuraya Group

Market Cap: JP¥30.7b

Manufactures and sells various food products in Japan and internationally.

System ResearchLtd

Market Cap: JP¥28.7b

Provides software development services in Japan.

Torigoe

Market Cap: JP¥25.4b

Manufactures and sells flours and related products in Japan.

MEEQ

Market Cap: JP¥18.0b

Engages in the mobile IoT support business in Japan.

Ebara JitsugyoLtd

Market Cap: JP¥57.8b

Manufactures and sells environmentally related products.

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.

Shimizu Bank

Market Cap: JP¥29.7b

Provides various banking services in Japan.

Cota

Market Cap: JP¥31.4b

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

Tokyo Tekko

Market Cap: JP¥42.2b

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

Otec

Market Cap: JP¥37.1b

Trades pipework equipment in Japan.

ISE Chemicals

Market Cap: JP¥274.7b

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

Innotech

Market Cap: JP¥33.3b

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

Dear LifeLtd

Market Cap: JP¥54.7b

Engages in the real estate business 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.

NS United Kaiun Kaisha

Market Cap: JP¥166.8b

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

Maezawa Kasei Industries

Market Cap: JP¥31.1b

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

Mr Max Holdings

Market Cap: JP¥24.2b

Operates discount stores in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥50.7b

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

FALCO HOLDINGS

Market Cap: JP¥25.9b

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

Toukei Computer

Market Cap: JP¥81.0b

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

Pacific Metals

Market Cap: JP¥44.4b

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

CMC

Market Cap: JP¥24.3b

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

GakkyushaLtd

Market Cap: JP¥25.4b

Operates and manages cram schools in Japan.

Akatsuki

Market Cap: JP¥20.4b

Engages in the real estate and securities businesses in Japan.

Nippon Care Supply

Market Cap: JP¥36.8b

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

Wowow

Market Cap: JP¥36.2b

Provides broadcasting and related services in Japan.