Japanese Capital Goods Undiscovered Gems With Strong Fundamentals

Tsubakimoto Kogyo

Market Cap: JP¥49.8b

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

Kondotec

Market Cap: JP¥43.3b

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

Chudenko

Market Cap: JP¥213.9b

Operates as an equipment engineering company in Japan.

Techno Smart

Market Cap: JP¥23.9b

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

Nippon Sharyo

Market Cap: JP¥43.8b

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

Ebara JitsugyoLtd

Market Cap: JP¥52.0b

Manufactures and sells environment related products in Japan.

Subaru Enterprise

Market Cap: JP¥44.4b

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

Komori

Market Cap: JP¥78.8b

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

Nice

Market Cap: JP¥21.3b

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

Techno Ryowa

Market Cap: JP¥112.4b

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

Otec

Market Cap: JP¥28.5b

Trades pipework equipment in Japan.

Maezawa Kasei Industries

Market Cap: JP¥31.4b

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

Obara Group

Market Cap: JP¥66.8b

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

Tanabe Engineering

Market Cap: JP¥24.8b

Engages in plant construction and machinery production activities in Japan.

Sansei Technologies

Market Cap: JP¥40.0b

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¥16.4b

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

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥42.5b

Hokuriku Electrical Construction Co.,Ltd.

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¥17.0b

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

Seibu Electric & Machinery

Market Cap: JP¥32.5b

Manufactures and sells mechatronics in Japan.

Asahi Kogyosha

Market Cap: JP¥76.5b

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

MEISEI INDUSTRIALLtd

Market Cap: JP¥78.2b

Operates as a construction works company in Japan and internationally.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥30.3b

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

Miyaji Engineering GroupInc

Market Cap: JP¥52.2b

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

InabataLtd

Market Cap: JP¥185.2b

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

Alinco

Market Cap: JP¥21.0b

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

Katakura IndustriesLtd

Market Cap: JP¥86.1b

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

NANYO

Market Cap: JP¥16.8b

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

Matsui Construction

Market Cap: JP¥40.8b

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

Shinnihon

Market Cap: JP¥105.0b

Operates as a construction company in Japan.

Aichi Electric

Market Cap: JP¥52.9b

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

Kawasaki Setsubi Kogyo

Market Cap: JP¥29.8b

Engages in the construction business in Japan.

TOBISHIMA HOLDINGS

Market Cap: JP¥40.3b

Engages in the construction business in Japan and internationally.

WakitaLTD

Market Cap: JP¥88.9b

Engages in the construction equipment, trading, and real estate businesses in Japan.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥23.1b

Engages in the processing, manufacture, and sale of plumbing and housing equipment in Japan.

Semba

Market Cap: JP¥19.9b

Plans, designs, constructs, and supervises commercial spaces in Japan, Taiwan, and internationally.