Global Undiscovered Gems With Strong Fundamentals

Aesler Grup Internasional

Market Cap: Rp3.7t

Provides architectural and construction management services in Indonesia.

Ohashi Technica

Market Cap: JP¥28.5b

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

GDEP ADVANCEInc

Market Cap: JP¥16.9b

Engages in the system incubation business in Japan.

GakkyushaLtd

Market Cap: JP¥25.2b

Manages cram schools that offers entrance exams guidance to junior high schools, high schools, and universities in Japan and internationally.

CHANGE HoldingsInc

Market Cap: JP¥78.3b

Provides IT human resources development training services in Japan.

FCE

Market Cap: JP¥16.9b

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

Cisadane Sawit Raya

Market Cap: Rp1.7t

Engages in the oil palm plantation business in Indonesia and internationally.

DoshishaLtd

Market Cap: JP¥100.0b

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

Nippon Ski Resort DevelopmentLtd

Market Cap: JP¥27.5b

Manages and operates ski resorts in Japan.

Bank Ganesha

Market Cap: Rp2.6t

Provides various general banking products and services for individuals and businesses in Indonesia.

Padma Oil

Market Cap: ৳19.4b

Engages in the procurement, storage, and marketing of petroleum products, lubricants, greases, bitumen, and LPG in Bangladesh.

ISE Chemicals

Market Cap: JP¥138.6b

Engages in the iodine and natural gas, and metallic compound businesses in Japan.

CAC Holdings

Market Cap: JP¥36.2b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Nice

Market Cap: JP¥22.8b

Imports, distributes, and sells building materials for housing in Japan and internationally.

AlpenLtd

Market Cap: JP¥91.8b

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

GlaxoSmithKlineE

Market Cap: ج.م5.7b

Engages in production of pharmaceutical chemicals.

Imuraya Group

Market Cap: JP¥33.2b

Manufactures and sells various food products in Japan and internationally.

Surya Toto Indonesia

Market Cap: Rp2.7t

Manufactures and sells sanitary, fittings, kitchen systems, and other related products in Indonesia and internationally.

Citra Tubindo

Market Cap: Rp4.1t

Provides pipes and accessories, and related services to the oil and gas industries in Indonesia.

Kondotec

Market Cap: JP¥43.0b

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

Kyoritsu Electric

Market Cap: JP¥20.7b

Provides various systems, testing and measuring instruments, etc.

C. Mer Industries

Market Cap: ₪408.5m

Provides solutions in the areas of homeland security (HLS), communication infrastructure, and defense technologies.

Hoshi Iryo-Sanki

Market Cap: JP¥15.0b

Manufactures and sells pharmaceutical medical oxygen and nitrous oxides in Japan.

Wema Bank

Market Cap: ₦470.4b

Provides banking and other financial services to corporate and individual customers in Nigeria.

ITOCHU-SHOKUHIN

Market Cap: JP¥128.4b

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

CMC

Market Cap: JP¥22.9b

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

Cahaya Aero Services

Market Cap: Rp5.6t

Provides ground and cargo handling, aircraft release and maintenance, catering, facility management, and aviation training services in Indonesia.

OUG Holdings

Market Cap: JP¥21.7b

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

Chudenko

Market Cap: JP¥216.3b

Operates as an equipment engineering company in Japan.

Toho Bank

Market Cap: JP¥108.4b

Provides various banking products and services in Japan.

First Juken

Market Cap: JP¥17.0b

Engages in the construction and sale of detached houses in Japan.

Araya Industrial

Market Cap: JP¥25.0b

Manufactures and sells steel products in Japan and internationally.

Payton Industries

Market Cap: ₪456.9m

Develops, produces, trades, markets, and sells various types of transformers for communications, electronics, automotive, and industrial equipment industries in Israel, Europe, the United States, and Asia.

YagiLtd

Market Cap: JP¥27.3b

Operates as a fiber trading company in Japan.

Konishi

Market Cap: JP¥83.5b

Manufactures and sells synthetic adhesives in Japan.

Kaneko Seeds

Market Cap: JP¥16.1b

Engages in the agribusiness in Japan.