Japanese Undiscovered Gems With Strong Fundamentals

Taiyo KagakuLtd

Market Cap: JP¥29.3b

Manufactures and sells ingredients for food, beverage, supplement, and cosmetic applications in Japan and internationally.

Central Forest Group

Market Cap: JP¥21.9b

Engages in the wholesale of food, alcoholic beverages, and other related consumer products in Japan.

Kappa Create

Market Cap: JP¥73.5b

Engages in the management of restaurants.

Kanda HoldingsLtd

Market Cap: JP¥17.4b

Through its subsidiaries, provides integrated logistics services in Japan and internationally.

Maezawa Kasei Industries

Market Cap: JP¥27.1b

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

DoshishaLtd

Market Cap: JP¥73.0b

Plans, develops, produces, and sells lifestyle-related products in Japan and internationally.

AJIS

Market Cap: JP¥20.6b

Provides inventory and other retail support services in Asia.

Ad-Sol Nissin

Market Cap: JP¥18.9b

Develops information and embedded systems for companies in Japan.

GENOVA

Market Cap: JP¥17.7b

Engages in the medical platform and smart clinic businesses in Japan.

NPR-Riken

Market Cap: JP¥70.9b

Manufactures and sells automobile engine parts, marine engine parts, and other products in Japan and internationally.

NS United Kaiun Kaisha

Market Cap: JP¥96.1b

Engages in the marine transportation services and related business in Japan and internationally.

QuickLtd

Market Cap: JP¥36.7b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

Uoriki

Market Cap: JP¥34.4b

Engages in the retailing, eating and drinking, and wholesale businesses in Japan and internationally.

Mr Max Holdings

Market Cap: JP¥22.5b

Operates discount stores in Japan.

Chuo WarehouseLtd

Market Cap: JP¥26.8b

Provides various logistics services in Japan and internationally.

TOMONY Holdings

Market Cap: JP¥96.2b

Through its subsidiaries, provides various banking and financial products and services.

Tsubakimoto Kogyo

Market Cap: JP¥40.2b

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

Intelligent Wave

Market Cap: JP¥27.1b

Provides system development services and system products in Japan and internationally.

OUG Holdings

Market Cap: JP¥17.1b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

Nihon Parkerizing

Market Cap: JP¥149.9b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Ohashi Technica

Market Cap: JP¥25.7b

Develops, manufactures, and sells automotive parts and other components in Japan, the United States, Mexico, Thailand, Taiwan, China, and Europe.

Ryoyu Systems

Market Cap: JP¥37.6b

Provides information technology (IT) solutions for various industries in Japan.

Imuraya Group

Market Cap: JP¥32.2b

Manufactures and sells various food products in Japan and internationally.

CMC

Market Cap: JP¥20.3b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥99.2b

Engages in the wholesale of food products and alcoholic beverages in Japan.

Nitto Fuji Flour MillingLtd

Market Cap: JP¥62.2b

Manufactures and sells flour products in Japan.

Cresco

Market Cap: JP¥48.0b

Engages in the provision of information technology (IT) services and digital solutions in Japan.

NJS

Market Cap: JP¥42.3b

Primarily engages in water and environmental consulting, digital transformation, and customer services business in Japan and internationally.

Hyakugo Bank

Market Cap: JP¥176.8b

Provides various financial services to individual and corporate/sole proprietor customers in Japan.

AOKI Holdings

Market Cap: JP¥108.1b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

AlpenLtd

Market Cap: JP¥88.9b

Engages in the development and sale of sporting products in Japan.

Tokyo Tekko

Market Cap: JP¥53.7b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

Saison Technology

Market Cap: JP¥29.0b

Engages in the system development and operation, and software package businesses in Japan.

Nippon Sharyo

Market Cap: JP¥30.3b

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.

Toho

Market Cap: JP¥29.9b

Through its subsidiaries, engages in the food wholesale, cash and carry, and supermarket businesses primarily in Japan.

YagiLtd

Market Cap: JP¥16.9b

Operates as a fiber trading company in Japan.