Japanese Undiscovered Gems With Strong Fundamentals

SBI Insurance Group

Market Cap: JP¥29.9b

Provides various insurance products in Japan.

Avex

Market Cap: JP¥53.8b

An entertainment company, engages in the music, animation and video, digital, and overseas businesses in Japan.

Sansei Technologies

Market Cap: JP¥28.8b

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

Mitsubishi Steel Mfg

Market Cap: JP¥22.9b

Manufactures and sells steel products, construction machinery parts, automotive parts, and machinery and equipment.

Sata Construction

Market Cap: JP¥17.9b

Engages in the contracting and investigation, planning and designing, and supervision of civil engineering and other construction works in Japan.

KENKO MayonnaiseLtd

Market Cap: JP¥27.5b

Engages in the manufacture and sale of salads and delicatessen, mayonnaise, dressings, sauces, and egg products in Japan.

Nihon Tokushu Toryo

Market Cap: JP¥39.5b

Engages in manufacture and sale of automobile products, and paints and coatings in Japan.

Scroll

Market Cap: JP¥36.5b

Primarily engages in the mail-order and e-commerce businesses in Japan.

Allied Telesis Holdings K.K

Market Cap: JP¥17.3b

A holding company, engages in the planning, development, manufacture, and sale of information and communications, and network related products in Japan, the Americas, Europe, the Middle East, Africa, Asia.

JANOME

Market Cap: JP¥21.0b

Engages in the planning, development, and production of sewing machines in Japan, the Americas, Europe, CIS countries, the Middle East, Oceania, Africa, and rest of Asia.

Tigers Polymer

Market Cap: JP¥16.1b

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.

MEISEI INDUSTRIALLtd

Market Cap: JP¥70.1b

Operates as a construction works company in Japan and internationally.

Tomen Devices

Market Cap: JP¥38.7b

Operates as an electronics trading company in Japan.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥53.7b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

Systems Engineering ConsultantsLTD

Market Cap: JP¥26.4b

A software development company, provides real-time software solutions in mobile networking, Internet technology, public infrastructure, space, robotics, and advanced technology fields in Japan.

ARGO GRAPHICS

Market Cap: JP¥107.8b

Provides technical solutions in Japan.

Key Coffee

Market Cap: JP¥42.8b

Engages in the coffee business in Japan and internationally.

Hokuriku Electrical ConstructionLtd

Market Cap: JP¥33.6b

Hokuriku Electrical Construction Co.,Ltd.

CK SAN-ETSU

Market Cap: JP¥31.2b

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

Fukuda

Market Cap: JP¥41.5b

Operates in the construction business.

CELSYS

Market Cap: JP¥44.1b

Engages in content creation solutions business in Japan.

Takara Holdings

Market Cap: JP¥249.4b

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

Miyaji Engineering GroupInc

Market Cap: JP¥48.6b

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

Asahi Kogyosha

Market Cap: JP¥56.7b

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

Teikoku Sen-i

Market Cap: JP¥69.3b

Manufactures and sells disaster prevention products and equipment in Japan.

Keiyo Bank

Market Cap: JP¥116.8b

Offers various banking products and services to individual, corporate, and business customers in Japan.

Iwatsuka Confectionery

Market Cap: JP¥30.7b

Manufactures and sells rice crackers in Japan.

Nippon Air conditioning Services

Market Cap: JP¥38.1b

Nippon Air conditioning Services Co., Ltd.

LA Holdings

Market Cap: JP¥41.1b

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

S.T

Market Cap: JP¥32.0b

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

Sun

Market Cap: JP¥130.5b

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

Kyodo Printing

Market Cap: JP¥35.8b

Engages in the printing business in Japan.

Omni-Plus System

Market Cap: JP¥15.7b

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

Global One Real Estate Investment

Market Cap: JP¥124.2b

Global One Real Estate Investment Corporation (“GOR”) is a Japanese Real Estate Investment Trust (J-REIT) listed on the Tokyo Stock Exchange (TSE: 8958) with the ultimate goal of pursuing maximum returns for unitholders.

Wadakohsan

Market Cap: JP¥15.6b

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

ALBISLtd

Market Cap: JP¥25.9b

Engages in food retailing business in Japan.