Japanese Capital Goods Undiscovered Gems With Strong Fundamentals

Techno Ryowa

Market Cap: JP¥102.0b

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

Komori

Market Cap: JP¥81.5b

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

Subaru Enterprise

Market Cap: JP¥45.1b

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

Tsubakimoto Kogyo

Market Cap: JP¥53.2b

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

Otec

Market Cap: JP¥27.2b

Trades pipework equipment in Japan.

Techno Smart

Market Cap: JP¥21.5b

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

Chudenko

Market Cap: JP¥209.8b

Operates as an equipment engineering company in Japan.

Kondotec

Market Cap: JP¥41.8b

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

Nice

Market Cap: JP¥22.5b

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

Maezawa Kasei Industries

Market Cap: JP¥32.6b

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

Ebara JitsugyoLtd

Market Cap: JP¥48.8b

Manufactures and sells environment related products in Japan.

Nippon Sharyo

Market Cap: JP¥38.8b

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

Katakura IndustriesLtd

Market Cap: JP¥87.2b

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

MEISEI INDUSTRIALLtd

Market Cap: JP¥76.9b

Operates as a construction works company in Japan and internationally.

Shinnihon

Market Cap: JP¥110.0b

Operates as a construction company in Japan.

Seibu Electric & Machinery

Market Cap: JP¥32.1b

Manufactures and sells mechatronics in Japan.

Tanabe Engineering

Market Cap: JP¥25.4b

Engages in plant construction and machinery production activities in Japan.

Obara Group

Market Cap: JP¥66.3b

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

Asahi Kogyosha

Market Cap: JP¥80.1b

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

Matsui Construction

Market Cap: JP¥41.0b

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

Trinity Industrial

Market Cap: JP¥19.3b

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

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥29.7b

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

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥41.5b

Hokuriku Electrical Construction Co.,Ltd.

NANYO

Market Cap: JP¥16.6b

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

Sansei Technologies

Market Cap: JP¥38.1b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan and internationally.

Iseki

Market Cap: JP¥44.3b

Engages in the development, manufacture, and sale of agricultural machinery in Japan, rest of Asia, Europe, and North America.

DN HoldingsLtd

Market Cap: JP¥17.0b

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

Sata Construction

Market Cap: JP¥18.6b

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

InabataLtd

Market Cap: JP¥185.0b

Provides solutions and services for information and electronics, chemicals, life industry, and plastics businesses in Japan and internationally.

Miyaji Engineering GroupInc

Market Cap: JP¥54.2b

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

Toa Road

Market Cap: JP¥74.4b

Engages in civil engineering business in Japan.

Tomoe

Market Cap: JP¥55.6b

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

Tenryu Saw Mfg

Market Cap: JP¥18.3b

Manufactures and sells saw blades in Japan and internationally.

Naikai Zosen

Market Cap: JP¥15.4b

Engages in shipbuilding business in Japan.

Yamaura

Market Cap: JP¥26.2b

Operates as a construction company in Japan.

Daisue Construction

Market Cap: JP¥26.7b

Operates as a construction company in Japan.