Japanese Undiscovered Gems With Strong Fundamentals

Yamagata Bank

Market Cap: JP¥47.9b

Provides various banking products and services in Japan.

Sansei Technologies

Market Cap: JP¥29.1b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan and internationally.

Key Coffee

Market Cap: JP¥42.7b

Engages in the coffee business in Japan and internationally.

Simplex Financial Holdings

Market Cap: JP¥15.6b

A hedge fund sponsor.

Trinity Industrial

Market Cap: JP¥16.1b

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

Omni-Plus System

Market Cap: JP¥16.1b

Engages in the manufacturing and distribution of commodity and engineering plastics in Singapore and internationally.

Nicca ChemicalLtd

Market Cap: JP¥20.3b

Manufactures and sells surfactants for textile chemicals, metals, pulp and paper, paints, dyes, synthetic resins, and dry and professional cleaning agents in Japan and internationally.

Bull-Dog Sauce

Market Cap: JP¥24.3b

Manufactures and sells brown sauces and other seasonings in Japan.

Musashino Bank

Market Cap: JP¥119.1b

Provides banking products and financial services in Japan.

Kyokuto Kaihatsu KogyoLtd

Market Cap: JP¥97.2b

Manufactures and sells special purpose vehicles, environmental equipment and systems, and car parking systems in Japan.

Tigers Polymer

Market Cap: JP¥16.4b

Manufactures and sells rubber hoses, sheets, and molded products primarily to automotive, electrics, construction and housing, and industrial materials markets in Japan, Southeast Asia, the Americas, and China.

Seibu Electric & Machinery

Market Cap: JP¥28.6b

Manufactures and sells mechatronics in Japan.

CK SAN-ETSU

Market Cap: JP¥31.3b

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

SBI Insurance Group

Market Cap: JP¥35.2b

Provides various insurance products in Japan.

Fukuda

Market Cap: JP¥42.1b

Operates in the construction business.

Hennge K.K

Market Cap: JP¥51.8b

Provides cloud security services worldwide.

Taisei Lamick Group Head Quarter & InnovationLtd

Market Cap: JP¥15.9b

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

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.

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.

Asahi Kogyosha

Market Cap: JP¥65.3b

Primarily engages in the air-conditioning and sanitation installation works in Japan.

Wadakohsan

Market Cap: JP¥16.7b

Develops and sells condominiums, detached houses, and residential land in Japan.

Tanabe Engineering

Market Cap: JP¥27.5b

Engages in plant construction and machinery production activities in Japan.

ARGO GRAPHICS

Market Cap: JP¥89.2b

Provides technical solutions in Japan.

NANYO

Market Cap: JP¥17.0b

Operates as a general machinery trading company in Japan and internationally.

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥33.6b

Hokuriku Electrical Construction Co.,Ltd.

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.

ISB

Market Cap: JP¥16.1b

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

Miyaji Engineering GroupInc

Market Cap: JP¥50.3b

Through its subsidiaries, engages in the construction and civil engineering activities in Japan.

Sun

Market Cap: JP¥121.8b

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

Kyodo Printing

Market Cap: JP¥36.9b

Engages in the printing business in Japan.

MEISEI INDUSTRIALLtd

Market Cap: JP¥71.8b

Operates as a construction works company in Japan and internationally.

LA Holdings

Market Cap: JP¥46.2b

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

Matsui Construction

Market Cap: JP¥34.4b

Engages in the civil engineering, designing, supervising, and construction business in Japan.

Shizuoka Gas

Market Cap: JP¥84.1b

Produces, supplies, and sells city gas in Japan.

Cleanup

Market Cap: JP¥25.2b

Engages in the equipment business for housing, stores and business establishments, and other business in Japan and internationally.