Japanese Undiscovered Gems With Strong Fundamentals

Central Forest Group

Market Cap: JP¥22.5b

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

Tohoku Steel

Market Cap: JP¥16.7b

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

Nippon Sharyo

Market Cap: JP¥52.3b

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¥135.9b

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

Careerlink

Market Cap: JP¥28.5b

Provides human resource services in Japan.

Envipro Holdings

Market Cap: JP¥26.1b

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

MicroAd

Market Cap: JP¥22.3b

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

ISE Chemicals

Market Cap: JP¥295.6b

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

Hokkan Holdings

Market Cap: JP¥27.8b

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

Chuo WarehouseLtd

Market Cap: JP¥38.4b

Provides various logistics services in Japan and internationally.

Marusan Securities

Market Cap: JP¥71.4b

Engages in the financial products trading business in Japan.

Soracom

Market Cap: JP¥48.5b

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

Nippon Care Supply

Market Cap: JP¥36.7b

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

Wowow

Market Cap: JP¥36.0b

Provides broadcasting and related services in Japan.

MEEQ

Market Cap: JP¥17.2b

Engages in the mobile IoT support business in Japan.

Yashima Denki

Market Cap: JP¥65.6b

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

Cresco

Market Cap: JP¥58.7b

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

Akatsuki

Market Cap: JP¥20.7b

Engages in the real estate and securities businesses in Japan.

Toukei Computer

Market Cap: JP¥80.8b

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

Nice

Market Cap: JP¥24.2b

Distributes building materials and housing equipment in Japan.

Imuraya Group

Market Cap: JP¥30.7b

Manufactures and sells various food products in Japan and internationally.

YagiLtd

Market Cap: JP¥32.0b

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

Soliton Systems K.K

Market Cap: JP¥32.7b

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

Ohashi Technica

Market Cap: JP¥30.1b

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

Torigoe

Market Cap: JP¥25.4b

Manufactures and sells flours and related products in Japan.

Dear LifeLtd

Market Cap: JP¥55.1b

Engages in the real estate business in Japan.

Kaneko Seeds

Market Cap: JP¥16.1b

Kaneko Seeds Co., Ltd., together with its subsidiaries, production and sale agricultural seeds in Japan.

GDEP ADVANCEInc

Market Cap: JP¥16.0b

Engages in the system incubation business in Japan.

Innotech

Market Cap: JP¥34.2b

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

Ryoyu Systems

Market Cap: JP¥39.2b

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

Otec

Market Cap: JP¥36.5b

Trades pipework equipment in Japan.

Toho Bank

Market Cap: JP¥175.9b

Provides various banking products and services in Japan.

Mr Max Holdings

Market Cap: JP¥24.4b

Operates discount stores in Japan.

System ResearchLtd

Market Cap: JP¥28.8b

Provides software development services in Japan.

Hoshi Iryo-Sanki

Market Cap: JP¥16.6b

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

CMC

Market Cap: JP¥24.5b

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