Global Undiscovered Gems With Strong Fundamentals

Wilson Bank Holding

Market Cap: US$486.6m

Operates as the bank holding company for Wilson Bank and Trust that provides various banking services to individuals, professionals, and small businesses in Tennessee.

DoshishaLtd

Market Cap: JP¥73.5b

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

Maezawa Kasei Industries

Market Cap: JP¥27.8b

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

Yukiguni Maitake

Market Cap: JP¥47.1b

Manufactures and sells mushrooms and other processed food in Japan.

Marusan Securities

Market Cap: JP¥64.8b

Engages in the financial products trading business in Japan.

Otec

Market Cap: JP¥22.1b

Trades pipework equipment in Japan.

Intelligent Wave

Market Cap: JP¥27.9b

Provides system development services and system products in Japan and internationally.

Ohashi Technica

Market Cap: JP¥26.2b

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

OUG Holdings

Market Cap: JP¥17.7b

Through its subsidiaries, engages in the wholesale of marine products in Japan.

NPR-Riken

Market Cap: JP¥72.1b

Manufactures and sells automobile engine parts, marine engine parts, and other products in Japan and internationally.

Procimmo Group

Market Cap: CHF 288.3m

A holding company, engages in the investment, management, and sale of real estate properties in Switzerland.

Ryoyu Systems

Market Cap: JP¥44.9b

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

Petrolimex Insurance

Market Cap: ₫2.6t

Provides various insurance products in Vietnam.

Taiyo KagakuLtd

Market Cap: JP¥29.4b

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

CMC

Market Cap: JP¥20.7b

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

Imuraya Group

Market Cap: JP¥32.4b

Manufactures and sells various food products in Japan and internationally.

Saison Technology

Market Cap: JP¥29.4b

Engages in the system development and operation, and software package businesses in Japan.

Nitto Fuji Flour MillingLtd

Market Cap: JP¥63.3b

Manufactures and sells flour products in Japan.

ITOCHU-SHOKUHIN

Market Cap: JP¥100.5b

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

Toho

Market Cap: JP¥38.0b

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

Hyakugo Bank

Market Cap: JP¥185.9b

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

Cresco

Market Cap: JP¥48.5b

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

NJS

Market Cap: JP¥43.6b

Primarily engages in water and environmental consulting, digital transformation, and customer services business in Japan and internationally.

Ogaki Kyoritsu Bank

Market Cap: JP¥99.0b

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

Bank of Iwate

Market Cap: JP¥54.8b

Engages in the provision of various financial products and services in Japan.

Tokyo Tekko

Market Cap: JP¥54.9b

Engages in the manufacture and sale of steel products for the construction industry in Japan.

Nihon Parkerizing

Market Cap: JP¥149.7b

Engages in the manufacture and supply of surface treatment chemicals in Japan and internationally.

Chuo WarehouseLtd

Market Cap: JP¥28.4b

Provides various logistics services in Japan and internationally.

Kanda HoldingsLtd

Market Cap: JP¥17.7b

Through its subsidiaries, provides integrated logistics services in Japan and internationally.

AlpenLtd

Market Cap: JP¥89.5b

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

GENOVA

Market Cap: JP¥18.0b

Engages in the medical platform and smart clinic businesses in Japan.

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.

Kondotec

Market Cap: JP¥36.0b

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

Ad-Sol Nissin

Market Cap: JP¥19.0b

Develops information and embedded systems for companies in Japan.

Togami Electric Mfg

Market Cap: JP¥16.8b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

AOKI Holdings

Market Cap: JP¥110.8b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.