Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Saudi Azm for Communication and Information Technology

Market Cap: ر.س1.8b

Provides business and digital technology solutions in the Kingdom of Saudi Arabia.

Standard Bank

Market Cap: MK 2.8t

Provides banking and other related services in Malawi.

Hokkan Holdings

Market Cap: JP¥24.1b

Through its subsidiaries, engages in the container, filling, and machinery production businesses in Taiwan.

Techno Smart

Market Cap: JP¥19.1b

Provides liquid crystal-related film and cast film manufacturing devices.

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥24.0b

Manages and operates ski resorts in Japan.

Tsubakimoto Kogyo

Market Cap: JP¥45.8b

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

FCE

Market Cap: JP¥17.3b

Through its subsidiaries, engages in the DX promotion, education and training, and publishing businesses in Japan.

DoshishaLtd

Market Cap: JP¥85.1b

DOSHISHA, legally known as DOSHISHA CORPORATION., headquartered in Tokyo, Japan, is a company in the distribution industry.

CHANGE HoldingsInc

Market Cap: JP¥80.0b

Provides IT human resources development training services in Japan.

Saison Technology

Market Cap: JP¥31.2b

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

Konishi

Market Cap: JP¥79.4b

Manufactures and sells synthetic adhesives in Japan.

Marusan Securities

Market Cap: JP¥58.7b

Engages in the financial products trading business in Japan.

Taiyo KagakuLtd

Market Cap: JP¥32.4b

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

Kanro

Market Cap: JP¥65.1b

Manufactures and sells confectionery and food products 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.

Otec

Market Cap: JP¥21.7b

Trades pipework equipment in Japan.

Hyakugo Bank

Market Cap: JP¥180.5b

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

Imuraya Group

Market Cap: JP¥31.0b

Manufactures and sells various food products in Japan and internationally.

AlpenLtd

Market Cap: JP¥88.2b

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

Arab Insurance Group (B.S.C.)

Market Cap: US$190.2m

Provides life and non-life reinsurance products and related services in the Afro Asia region.

AOKI Holdings

Market Cap: JP¥139.9b

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

Capricorn Group

Market Cap: R11.0b

An investment holding company, engages in the banking, microlending, and related businesses in Namibia, Botswana, and Zambia.

Subaru Enterprise

Market Cap: JP¥37.7b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Ohashi Technica

Market Cap: JP¥27.4b

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

Kondotec

Market Cap: JP¥38.6b

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

AJIS

Market Cap: JP¥26.1b

Provides inventory and other retail support services in Asia.

KurimotoLtd

Market Cap: JP¥80.4b

Manufactures and sells ductile iron pipes and accessories, valves, industrial equipment and materials, and construction materials in Japan and internationally.

Shimizu Bank

Market Cap: JP¥16.2b

Provides various banking services in Japan.

Komori

Market Cap: JP¥81.8b

Engages in the manufacture, sale, and repair of printing presses in Japan, North America, Europe, and Greater China.

Kaneko Seeds

Market Cap: JP¥15.3b

Engages in the agribusiness in Japan.

GDEP ADVANCEInc

Market Cap: JP¥16.2b

Engages in the system incubation business in Japan.

Mr Max Holdings

Market Cap: JP¥28.0b

Operates discount stores in Japan.

OpenWork

Market Cap: JP¥21.5b

Develops and manages a job and recruitment information platform in Japan.

Maezawa Kasei Industries

Market Cap: JP¥26.8b

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

Morris State Bancshares

Market Cap: US$265.7m

Operates as the bank holding company for Morris Bank that provides various financial services to individuals and small businesses in Georgia.