Japanese Undiscovered Gems With Strong Fundamentals

TOMONY Holdings

Market Cap: JP¥128.3b

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

Konishi

Market Cap: JP¥83.4b

Manufactures and sells synthetic adhesives in Japan.

Tohoku Steel

Market Cap: JP¥14.8b

Engages in the manufacturing, processing, and distribution of various types of special steel products in Japan.

Maezawa Kasei Industries

Market Cap: JP¥33.1b

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

Tokyo Tekko

Market Cap: JP¥52.0b

Engages in the manufacture and sale of steel and reinforcing bars in Japan.

Kondotec

Market Cap: JP¥43.7b

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

Marusan Securities

Market Cap: JP¥64.4b

Engages in the financial products trading business in Japan.

Yashima Denki

Market Cap: JP¥49.8b

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

Otec

Market Cap: JP¥28.2b

Trades pipework equipment in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥55.0b

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

KinjiroLtd

Market Cap: JP¥26.3b

Provides human resource management (HRM) solution services.

Ryoyu Systems

Market Cap: JP¥44.3b

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

Imuraya Group

Market Cap: JP¥33.3b

Manufactures and sells various food products in Japan and internationally.

CAC Holdings

Market Cap: JP¥36.3b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

AlpenLtd

Market Cap: JP¥92.3b

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

Nice

Market Cap: JP¥22.8b

Imports, distributes, and sells building materials for housing in Japan and internationally.

Business Brain Showa-Ota

Market Cap: JP¥31.7b

Provides consulting and system development solutions in Japan.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥25.4b

Manages and operates ski resorts in Japan.

Toukei Computer

Market Cap: JP¥72.8b

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

Cota

Market Cap: JP¥39.2b

Manufactures and sells quasi drugs in Japan and internationally.

Taiyo KagakuLtd

Market Cap: JP¥36.4b

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

CMC

Market Cap: JP¥22.9b

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

DoshishaLtd

Market Cap: JP¥99.9b

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

Mr Max Holdings

Market Cap: JP¥28.8b

Operates discount stores in Japan.

Bank of Iwate

Market Cap: JP¥65.5b

Provides various financial products and services in Japan.

Cresco

Market Cap: JP¥69.3b

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

YagiLtd

Market Cap: JP¥26.6b

Operates as a fiber trading company in Japan.

Kyodo Printing

Market Cap: JP¥44.8b

Engages in the printing business in Japan.

Key Coffee

Market Cap: JP¥43.6b

Engages in the coffee business in Japan and internationally.

Taisei Lamick Group Head Quarter & InnovationLtd

Market Cap: JP¥16.6b

Taisei Lamick Group Head Quarter & Innovation Co.,Ltd.

Hennge K.K

Market Cap: JP¥56.6b

Provides cloud security services worldwide.

Musashino Bank

Market Cap: JP¥130.5b

Provides banking products and financial services in Japan.

LA Holdings

Market Cap: JP¥73.6b

Engages in the development, sale, and rental of new and refurbished real estate properties in Japan.

Trinity Industrial

Market Cap: JP¥19.2b

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

SBI Insurance Group

Market Cap: JP¥38.0b

Provides various insurance products in Japan.

Obara Group

Market Cap: JP¥70.0b

Engages in the manufacture and sale of resistance welder, arc welder, laser equipment, polisher, cleaner/washer, and the consumables in Japan and internationally.