Japanese Capital Goods Undiscovered Gems With Strong Fundamentals

Maezawa Kasei Industries

Market Cap: JP¥25.6b

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

Otec

Market Cap: JP¥20.4b

Trades pipework equipment in Japan.

Techno Ryowa

Market Cap: JP¥52.2b

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

Chudenko

Market Cap: JP¥177.6b

Operates as an equipment engineering company in Japan.

Togami Electric Mfg

Market Cap: JP¥15.3b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

Kondotec

Market Cap: JP¥36.0b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

Nikko

Market Cap: JP¥25.1b

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

Nippon Sharyo

Market Cap: JP¥27.4b

Engages in the manufactures and sale of railway rolling stock, transportation equipment, steel structures, and construction equipment; and engineering and other activities in Japan, the United States, Asia, and internationally.

Komori

Market Cap: JP¥56.6b

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

Tsubakimoto Kogyo

Market Cap: JP¥37.8b

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

MEISEI INDUSTRIALLtd

Market Cap: JP¥61.1b

Operates as a construction works company in Japan and internationally.

NippiIncorporated

Market Cap: JP¥14.9b

Manufactures and sells collagen casings, gelatin and collagen peptides, leather, cosmetics and health foods, functional polymers, and life science products in Japan and internationally.

Katakura IndustriesLtd

Market Cap: JP¥65.8b

Engages in the textiles, pharmaceuticals, machinery, real estate, and other businesses in Japan.

Tsurumi ManufacturingLtd

Market Cap: JP¥74.9b

Produces, purchases, imports, exports, sells, and leases submersible pumps and peripheral equipment worldwide.

Miyaji Engineering GroupInc

Market Cap: JP¥45.9b

Through its subsidiaries, engages in the construction and civil engineering activities in Japan.

Asahi Kogyosha

Market Cap: JP¥50.0b

Primarily engages in the air-conditioning and sanitation installation works in Japan.

Sata Construction

Market Cap: JP¥16.4b

Engages in the contracting and investigation, planning and designing, and supervision of civil engineering and other construction works in Japan.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥24.9b

Designs, manufactures, and sells water supply equipment in Japan.

Obara Group

Market Cap: JP¥52.0b

Engages in the manufacture and sale of resistance welder, arc welder, laser equipment, polisher, cleaner/washer, and the consumables in Japan and internationally.

Trinity Industrial

Market Cap: JP¥16.1b

Designs, manufactures, sells, and installs coating plants, machinery, and industrial equipment in Japan.

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥31.3b

Hokuriku Electrical Construction Co.,Ltd.

Kyokuto Kaihatsu KogyoLtd

Market Cap: JP¥84.2b

Manufactures and sells special purpose vehicles, environmental equipment and systems, and car parking systems in Japan.

Teikoku Sen-i

Market Cap: JP¥61.3b

Manufactures and sells disaster prevention products and equipment in Japan.

Mitani

Market Cap: JP¥157.9b

Engages in the information system, construction, energy, and other businesses in Japan and internationally.

Fukuda

Market Cap: JP¥41.3b

Operates in the construction business.

Matsui Construction

Market Cap: JP¥26.9b

Engages in the civil engineering, designing, supervising, and construction business in Japan.

Tanabe Engineering

Market Cap: JP¥20.1b

Engages in plant construction and machinery production activities in Japan.

Shinsho

Market Cap: JP¥45.0b

Imports, exports, and trades in iron and steel, ferrous raw material, nonferrous metal, machinery, information industry, and welding products worldwide.

Tenryu Saw Mfg

Market Cap: JP¥16.9b

Manufactures and sells saw blades in Japan and internationally.

Asanuma

Market Cap: JP¥58.4b

Operates as a general contractor in Japan and internationally.

Namura Shipbuilding

Market Cap: JP¥119.0b

Engages in the manufacture and sale of ships, machinery, and steel structures worldwide.

Nippon SeisenLtd

Market Cap: JP¥34.3b

Manufactures and sells stainless steel wires in Japan and internationally.

Kanaden

Market Cap: JP¥30.8b

Operates as an electronics solutions company in Japan and internationally.

Yurtec

Market Cap: JP¥113.0b

Operates as a facility engineering company in Japan and internationally.

WakitaLTD

Market Cap: JP¥83.1b

Operates construction equipment, trading, and real estate businesses in Japan.

Tomoe

Market Cap: JP¥47.5b

Operates in the general construction, steel structures construction, and real estate businesses in Japan.