Japanese Undiscovered Gems With Strong Fundamentals

CHANGE HoldingsInc

Market Cap: JP¥80.0b

Provides IT human resources development training services in Japan.

Konishi

Market Cap: JP¥79.4b

Manufactures and sells synthetic adhesives in Japan.

FALCO HOLDINGS

Market Cap: JP¥22.7b

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

Ohashi Technica

Market Cap: JP¥27.4b

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

Kyoritsu Electric

Market Cap: JP¥17.8b

Provides various systems, testing and measuring instruments, etc.

Subaru Enterprise

Market Cap: JP¥37.7b

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

ISE Chemicals

Market Cap: JP¥126.4b

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

Imuraya Group

Market Cap: JP¥31.0b

Manufactures and sells various food products in Japan and internationally.

AlpenLtd

Market Cap: JP¥88.2b

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

Ogaki Kyoritsu Bank

Market Cap: JP¥116.9b

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

Hyakugo Bank

Market Cap: JP¥180.5b

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

Kondotec

Market Cap: JP¥38.6b

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

AJIS

Market Cap: JP¥26.1b

Provides inventory and other retail support services in Asia.

Toho Bank

Market Cap: JP¥88.4b

Provides various banking products and services in Japan.

KinjiroLtd

Market Cap: JP¥16.7b

Provides human resource management (HRM) solution services.

Nippon Care Supply

Market Cap: JP¥31.9b

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

Torigoe

Market Cap: JP¥21.0b

Manufactures and sells flours and related products in Japan.

Ascentech K.K

Market Cap: JP¥24.0b

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

ITOCHU-SHOKUHIN

Market Cap: JP¥124.3b

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

Toho

Market Cap: JP¥33.4b

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

Toukei Computer

Market Cap: JP¥69.6b

Engages in the system design, development, and operation of solutions for various industries and businesses in Japan.

Maezawa Kasei Industries

Market Cap: JP¥26.8b

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

Taiyo KagakuLtd

Market Cap: JP¥32.6b

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

GakkyushaLtd

Market Cap: JP¥24.7b

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

Kanro

Market Cap: JP¥65.1b

Manufactures and sells confectionery and food products in Japan.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥56.5b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

S.T

Market Cap: JP¥33.0b

Manufactures and sells deodorizers and air fresheners, mothproofing agents, gloves, dehumidifiers, and other products in Japan and internationally.

Kyosan Electric Manufacturing

Market Cap: JP¥30.7b

Develops, manufactures, and sells electromechanical interlocking, road traffic signal equipment, and cuprous oxide rectifiers in Japan and internationally.

Takara Holdings

Market Cap: JP¥236.6b

Primarily manufactures and sells alcoholic beverages, seasonings, and raw alcohol worldwide.

Kisoji

Market Cap: JP¥66.9b

Operates a chain of restaurants in Japan.

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥33.6b

Hokuriku Electrical Construction Co.,Ltd.

ISB

Market Cap: JP¥16.1b

Engages in the provision of embedded software development services for mobile, medical, and automotive applications in Japan.

Simplex Financial Holdings

Market Cap: JP¥15.6b

A hedge fund sponsor.

KSKLtd

Market Cap: JP¥23.5b

Engages in the LSI, software, hardware, customer service, and data entry businesses.

CK SAN-ETSU

Market Cap: JP¥31.3b

Manufactures and sells brass rod and wire products in Japan, China, and Taiwan.

Key Coffee

Market Cap: JP¥42.7b

Engages in the coffee business in Japan and internationally.