Japanese Undiscovered Gems With Strong Fundamentals

Hyakugo Bank

Market Cap: JP¥150.3b

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

Togami Electric Mfg

Market Cap: JP¥15.3b

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

Kondotec

Market Cap: JP¥36.0b

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

GakkyushaLtd

Market Cap: JP¥23.3b

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

OpenWork

Market Cap: JP¥15.9b

Develops and manages a job and recruitment information platform in Japan.

Yashima Denki

Market Cap: JP¥32.6b

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

Nikko

Market Cap: JP¥25.1b

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

Nippon Sharyo

Market Cap: JP¥27.4b

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.

YagiLtd

Market Cap: JP¥16.2b

Operates as a fiber trading company in Japan.

QuickLtd

Market Cap: JP¥34.1b

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

Intelligent Wave

Market Cap: JP¥26.0b

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

Komori

Market Cap: JP¥56.6b

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

Imuraya Group

Market Cap: JP¥31.1b

Manufactures and sells various food products in Japan and internationally.

Saison Technology

Market Cap: JP¥28.0b

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

Tsubakimoto Kogyo

Market Cap: JP¥37.8b

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

Kanro

Market Cap: JP¥47.8b

Manufactures and sells confectionery and food products in Japan.

Konishi

Market Cap: JP¥71.1b

Manufactures and sells synthetic adhesives in Japan.

CMC

Market Cap: JP¥20.0b

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

TOMONY Holdings

Market Cap: JP¥93.9b

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

AJIS

Market Cap: JP¥20.4b

Provides inventory and other retail support services in Asia.

Taiyo KagakuLtd

Market Cap: JP¥27.1b

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

Central Forest Group

Market Cap: JP¥23.4b

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

New Cosmos ElectricLtd

Market Cap: JP¥29.0b

Researches, develops, manufactures, and sells various products based on gas sensor technology in Japan.

Tachikawa

Market Cap: JP¥28.0b

Designs, manufactures, markets, sells, and installs various window covering products and room partitions primarily in Japan.

Katakura IndustriesLtd

Market Cap: JP¥65.8b

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

HalowsLtd

Market Cap: JP¥93.2b

Operates a network of supermarket stores in Hiroshima, Okayama, Kagawa, Ehime, Tokushima, and Hyogo of Japan.

ARGO GRAPHICS

Market Cap: JP¥104.4b

Provides technical solutions in Japan.

Innovation HoldingsLTD

Market Cap: JP¥15.5b

Engages in the subleasing of store properties in Japan.

Nakamuraya

Market Cap: JP¥18.6b

Manufactures and sells various Japanese and Western confectionery, bread, and other food products in Japan.

Vertex

Market Cap: JP¥46.2b

Manufactures and sells concrete secondary products in Japan.

MEISEI INDUSTRIALLtd

Market Cap: JP¥61.1b

Operates as a construction works company in Japan and internationally.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥47.2b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

Pack

Market Cap: JP¥59.0b

Manufactures and sells paper products, film packaging, and other products in Japan and internationally.

NippiIncorporated

Market Cap: JP¥14.9b

Manufactures and sells collagen casings, gelatin and collagen peptides, leather, cosmetics and health foods, functional polymers, and life science products in Japan and internationally.

Sun

Market Cap: JP¥160.3b

Engages in the mobile data solutions, entertainment, information technology, and other businesses in Japan.

Kiyo Bank

Market Cap: JP¥134.4b

Provides various banking products and services to individuals, corporates, and business customers in Japan.