Japanese Capital Goods Undiscovered Gems With Strong Fundamentals

Maezawa Kasei Industries

Market Cap: JP¥31.2b

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

Kondotec

Market Cap: JP¥43.2b

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

Techno Ryowa

Market Cap: JP¥109.9b

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

Nippon Sharyo

Market Cap: JP¥44.0b

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

Techno Smart

Market Cap: JP¥23.5b

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

Nice

Market Cap: JP¥21.6b

Imports, distributes, and sells building materials for housing in Japan and internationally.

Ebara JitsugyoLtd

Market Cap: JP¥52.7b

Manufactures and sells environment related products in Japan.

Subaru Enterprise

Market Cap: JP¥44.8b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Chudenko

Market Cap: JP¥213.6b

Operates as an equipment engineering company in Japan.

Otec

Market Cap: JP¥28.0b

Trades pipework equipment in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥49.8b

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

Komori

Market Cap: JP¥79.5b

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

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥41.3b

Hokuriku Electrical Construction Co.,Ltd.

InabataLtd

Market Cap: JP¥186.6b

Engages in information and electronics, chemicals, life industry, and plastics businesses in Japan and internationally.

Katakura IndustriesLtd

Market Cap: JP¥86.0b

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

Shinnihon

Market Cap: JP¥106.7b

Operates as a construction company in Japan.

Trinity Industrial

Market Cap: JP¥18.8b

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

Sata Construction

Market Cap: JP¥16.9b

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

Alinco

Market Cap: JP¥21.4b

Develops, manufactures, and sells scaffolding equipment in Japan and internationally.

Kitagawa

Market Cap: JP¥15.6b

Manufactures and supplies synthetic metals, machine tool accessories, and industrial machinery in Japan and internationally.

NANYO

Market Cap: JP¥17.0b

Operates as a general machinery trading company in Japan and internationally.

Seibu Electric & Machinery

Market Cap: JP¥32.8b

Manufactures and sells mechatronics in Japan.

MEISEI INDUSTRIALLtd

Market Cap: JP¥79.7b

Operates as a construction works company in Japan and internationally.

Matsui Construction

Market Cap: JP¥41.6b

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

Miyaji Engineering GroupInc

Market Cap: JP¥54.0b

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

Tanabe Engineering

Market Cap: JP¥24.9b

Engages in plant construction and machinery production activities in Japan.

Sansei Technologies

Market Cap: JP¥39.8b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan, North America, the United States, Europe, and Asia.

DN HoldingsLtd

Market Cap: JP¥16.5b

Engages in the construction consulting and geological survey businesses in Japan.

Obara Group

Market Cap: JP¥66.7b

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

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥30.1b

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

Asahi Kogyosha

Market Cap: JP¥78.6b

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

TOBISHIMA HOLDINGS

Market Cap: JP¥41.4b

Engages in the construction business in Japan and internationally.

Yamazen

Market Cap: JP¥121.9b

Provides production equipment and consumer goods.

Aichi Electric

Market Cap: JP¥51.2b

Engages in the manufacture and sale of electric power products in Japan and internationally.

Sanyo Engineering & Construction

Market Cap: JP¥15.7b

Engages in the electric facility construction business in Japan and internationally.

Toa Road

Market Cap: JP¥71.5b

Engages in the civil engineering business in Japan.