Japanese Undiscovered Gems With Strong Fundamentals

Maezawa Kasei Industries

Market Cap: JP¥28.6b

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

Techno Ryowa

Market Cap: JP¥129.8b

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

Akita Bank

Market Cap: JP¥106.6b

Provides banking and other financial services in Japan.

Cyber Security Cloud

Market Cap: JP¥18.8b

Provides web application security services in Japan.

Imuraya Group

Market Cap: JP¥28.6b

Manufactures and sells various food products in Japan and internationally.

Ebara JitsugyoLtd

Market Cap: JP¥56.1b

Manufactures and sells environmentally related products.

Bell-ParkLtd

Market Cap: JP¥34.1b

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

Marusan Securities

Market Cap: JP¥68.7b

Engages in the financial products trading business in Japan.

FALCO HOLDINGS

Market Cap: JP¥25.7b

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

Toho Bank

Market Cap: JP¥187.9b

Provides various banking products and services in Japan.

Taiyo KagakuLtd

Market Cap: JP¥42.5b

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

Cresco

Market Cap: JP¥61.6b

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

Business Brain Showa-Ota

Market Cap: JP¥33.6b

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

Innotech

Market Cap: JP¥51.0b

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

Kyoritsu Electric

Market Cap: JP¥22.2b

Provides various systems, testing and measuring instruments, etc.

GakkyushaLtd

Market Cap: JP¥27.5b

Operates and manages cram schools in Japan.

Tohoku Steel

Market Cap: JP¥33.2b

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

System ResearchLtd

Market Cap: JP¥29.1b

Provides software development services in Japan.

OUG Holdings

Market Cap: JP¥23.1b

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

Yashima Denki

Market Cap: JP¥60.0b

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

Nikkato

Market Cap: JP¥17.3b

Manufactures and sells industrial ceramics consumables in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥292.7b

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

Ascentech K.K

Market Cap: JP¥20.8b

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

Nippon Care Supply

Market Cap: JP¥36.7b

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

Tsubakimoto Kogyo

Market Cap: JP¥49.5b

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

YagiLtd

Market Cap: JP¥36.3b

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

Mr Max Holdings

Market Cap: JP¥23.7b

Operates discount stores in Japan.

CMC

Market Cap: JP¥23.5b

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

Yukiguni Factory

Market Cap: JP¥41.9b

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

Soliton Systems K.K

Market Cap: JP¥39.0b

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

Cota

Market Cap: JP¥29.5b

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

Akatsuki

Market Cap: JP¥18.5b

Engages in the real estate and securities businesses in Japan.

Otec

Market Cap: JP¥36.1b

Trades pipework equipment in Japan.

Wowow

Market Cap: JP¥28.9b

Provides broadcasting and related services in Japan.

Envipro Holdings

Market Cap: JP¥22.9b

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

Ohashi Technica

Market Cap: JP¥28.1b

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