Japanese Undiscovered Gems With Strong Fundamentals

Ohashi Technica

Market Cap: JP¥25.8b

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

Toho Bank

Market Cap: JP¥85.1b

Provides various banking products and services in Japan.

Ascentech K.K

Market Cap: JP¥19.6b

Provides virtual desktop infrastructure (VDI) and IT infrastructure solutions in Japan.

Marusan Securities

Market Cap: JP¥58.4b

Engages in the financial products trading business in Japan.

Ogaki Kyoritsu Bank

Market Cap: JP¥104.5b

A regional financial institution, provides various banking products and services in Japan and internationally.

Uoriki

Market Cap: JP¥34.0b

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

YagiLtd

Market Cap: JP¥19.0b

Operates as a fiber trading company in Japan.

Yashima Denki

Market Cap: JP¥38.0b

Provides plant business, industry/equipment, and transportation business in Japan and internationally.

Imuraya Group

Market Cap: JP¥31.1b

Manufactures and sells various food products in Japan and internationally.

Yukiguni Factory

Market Cap: JP¥43.5b

Manufactures and sells mushrooms and other processed food in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥126.7b

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

Taiyo KagakuLtd

Market Cap: JP¥29.4b

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

TOMONY Holdings

Market Cap: JP¥103.5b

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

Hokkan Holdings

Market Cap: JP¥23.7b

Through its subsidiaries, engages in the container, filling, and machinery production businesses in Taiwan.

Tsubakimoto Kogyo

Market Cap: JP¥42.1b

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

Otec

Market Cap: JP¥20.2b

Trades pipework equipment in Japan.

GakkyushaLtd

Market Cap: JP¥24.5b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

Toho

Market Cap: JP¥34.6b

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

FALCO HOLDINGS

Market Cap: JP¥23.5b

A medical service company, provides clinical testing and dispensing pharmacy services to medical institutions and companies in Japan.

Mr Max Holdings

Market Cap: JP¥22.6b

Operates discount stores in Japan.

CHANGE HoldingsInc

Market Cap: JP¥83.0b

Provides IT human resources development training services in Japan.

OUG Holdings

Market Cap: JP¥17.6b

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

ISE Chemicals

Market Cap: JP¥127.7b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

Cresco

Market Cap: JP¥68.2b

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

Maezawa Kasei Industries

Market Cap: JP¥28.3b

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

Tokyo Tekko

Market Cap: JP¥48.9b

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

AOKI Holdings

Market Cap: JP¥126.8b

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

KinjiroLtd

Market Cap: JP¥16.4b

Provides human resource management (HRM) solution services.

Konishi

Market Cap: JP¥73.6b

Manufactures and sells synthetic adhesives in Japan.

Shimizu Bank

Market Cap: JP¥15.5b

Provides various banking services in Japan.

DoshishaLtd

Market Cap: JP¥80.5b

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

Nippon Care Supply

Market Cap: JP¥31.1b

Engages in the rental and wholesale of welfare equipment in Japan.

Togami Electric Mfg

Market Cap: JP¥16.7b

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

AJIS

Market Cap: JP¥23.1b

Provides inventory and other retail support services in Asia.

AlpenLtd

Market Cap: JP¥90.1b

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