Japanese Undiscovered Gems With Strong Fundamentals

ID Holdings

Market Cap: JP¥38.5b

Provides information technology (IT) services in Japan.

AINAVO HOLDINGSLtd

Market Cap: JP¥18.5b

Engages in the single-family home and large property businesses.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥31.5b

Designs, manufactures, and sells water supply equipment in Japan.

Asahi Kogyosha

Market Cap: JP¥80.4b

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

MEISEI INDUSTRIALLtd

Market Cap: JP¥78.5b

Operates as a construction works company in Japan and internationally.

Kiyo Bank

Market Cap: JP¥192.2b

Provides various banking products and services to individual and corporate customers in Japan.

Wadakohsan

Market Cap: JP¥18.1b

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

Iwatsuka Confectionery

Market Cap: JP¥32.4b

Manufactures and sells rice crackers in Japan.

InabataLtd

Market Cap: JP¥189.5b

Engages in information and electronics, chemicals, life industry, and plastics businesses in Japan and internationally.

Tigers Polymer

Market Cap: JP¥19.5b

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.

Focus Systems

Market Cap: JP¥24.6b

Operates as an IT-related company in Japan.

Yamagata Bank

Market Cap: JP¥51.4b

Provides various banking products and services in Japan.

Kyosan Electric Manufacturing

Market Cap: JP¥33.7b

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

Miyaji Engineering GroupInc

Market Cap: JP¥56.5b

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

KSKLtd

Market Cap: JP¥26.3b

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

CK SAN-ETSU

Market Cap: JP¥35.2b

Engages in the manufacture and sale of brass rod and wire products in Japan, China, and Taiwan.

Tanabe Engineering

Market Cap: JP¥25.3b

Engages in plant construction and machinery production activities in Japan.

Sun

Market Cap: JP¥163.6b

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

Nihon Tokushu Toryo

Market Cap: JP¥48.5b

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

Hennge K.K

Market Cap: JP¥56.6b

Provides cloud security services worldwide.

Kyodo Printing

Market Cap: JP¥44.8b

Engages in the printing business in Japan.

Bull-Dog Sauce

Market Cap: JP¥27.7b

Manufactures and sells brown sauces and other seasonings in Japan.

NANYO

Market Cap: JP¥16.9b

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

Allied Telesis Holdings K.K

Market Cap: JP¥22.8b

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.

Katakura IndustriesLtd

Market Cap: JP¥89.9b

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

Musashino Bank

Market Cap: JP¥130.5b

Provides banking products and financial services 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.

Trinity Industrial

Market Cap: JP¥19.2b

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

Shinnihon

Market Cap: JP¥111.8b

Operates as a construction company in Japan.

SBI Insurance Group

Market Cap: JP¥38.0b

Provides various insurance products 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.

Space Shower Skiyaki Holdings

Market Cap: JP¥14.9b

A music entertainment company, develops various media and content businesses in Japan.

Dainichiseika Color & Chemicals Mfg

Market Cap: JP¥67.0b

Dainichiseika Color & Chemicals Mfg. Co., Ltd.

DN HoldingsLtd

Market Cap: JP¥17.0b

Engages in the construction consulting and geological survey businesses in Japan.

Sansei Technologies

Market Cap: JP¥41.0b

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