Japanese Capital Goods Undiscovered Gems With Strong Fundamentals

Nippon Sharyo

Market Cap: JP¥29.9b

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.

Techno Ryowa

Market Cap: JP¥74.9b

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

Chudenko

Market Cap: JP¥187.1b

Operates as an equipment engineering company in Japan.

Otec

Market Cap: JP¥21.6b

Trades pipework equipment in Japan.

Togami Electric Mfg

Market Cap: JP¥17.5b

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

Kondotec

Market Cap: JP¥39.1b

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

Techno Smart

Market Cap: JP¥18.7b

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

Nikko

Market Cap: JP¥28.0b

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

Maezawa Kasei Industries

Market Cap: JP¥26.8b

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

Tsubakimoto Kogyo

Market Cap: JP¥45.3b

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

Komori

Market Cap: JP¥83.5b

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

Subaru Enterprise

Market Cap: JP¥37.7b

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

Sata Construction

Market Cap: JP¥16.8b

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

Sansei Technologies

Market Cap: JP¥29.1b

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

Matsui Construction

Market Cap: JP¥36.1b

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

Miyaji Engineering GroupInc

Market Cap: JP¥50.9b

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

Asahi Kogyosha

Market Cap: JP¥64.6b

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

Seibu Electric & Machinery

Market Cap: JP¥28.5b

Manufactures and sells mechatronics in Japan.

Mitani

Market Cap: JP¥190.3b

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

Katakura IndustriesLtd

Market Cap: JP¥79.3b

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

Fukuda

Market Cap: JP¥41.7b

Operates in the construction business.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥26.0b

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

MEISEI INDUSTRIALLtd

Market Cap: JP¥72.2b

Operates as a construction works company in Japan and internationally.

Trinity Industrial

Market Cap: JP¥16.1b

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

Kyokuto Kaihatsu KogyoLtd

Market Cap: JP¥99.4b

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

Tanabe Engineering

Market Cap: JP¥25.3b

Engages in plant construction and machinery production activities in Japan.

NANYO

Market Cap: JP¥15.2b

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

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥34.3b

Hokuriku Electrical Construction Co.,Ltd.

Aichi Electric

Market Cap: JP¥46.3b

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

Kawasaki Setsubi Kogyo

Market Cap: JP¥16.9b

Engages in the construction business in Japan.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥25.8b

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

Yondenko

Market Cap: JP¥61.4b

Engages in the electrical, and electrical power transmission and distribution facilities construction activities in Japan.

Tenryu Saw Mfg

Market Cap: JP¥17.6b

Manufactures and sells saw blades in Japan and internationally.

Semba

Market Cap: JP¥19.3b

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

Tomoe

Market Cap: JP¥55.4b

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

Kimura Chemical Plants

Market Cap: JP¥18.7b

Operates as an engineering company.