Japanese Strong Past Earnings Growth, P/E Ratio Below 20

MATSUDA SANGYO

Market Cap: JP¥86.6b

Engages in the recovery and smelting of precious metals in Japan.

Menicon

Market Cap: JP¥86.2b

Manufactures and sells contact lenses and lens care products.

NIPPON PARKING DEVELOPMENTLtd

Market Cap: JP¥83.1b

Provides consulting services for parking lot in Japan and internationally.

Shizuoka Gas

Market Cap: JP¥82.0b

Produces, supplies, and sells city gas in Japan.

JBCC Holdings

Market Cap: JP¥79.9b

Through its subsidiaries, engages in the provision of information technology related services in Japan.

Hibiya Engineering

Market Cap: JP¥79.5b

Provides various engineering products and services primarily in Japan.

Onward Holdings

Market Cap: JP¥79.1b

Engages in the planning, production, and sale of men’s, women’s, and children’s apparel in Japan and worldwide.

JCU

Market Cap: JP¥79.0b

Engages in the produces and sells chemicals, machines, and auxiliary equipment for surface treatment in Japan.

KurimotoLtd

Market Cap: JP¥78.5b

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

RS Technologies

Market Cap: JP¥78.3b

Provides silicon wafer reclamation and sale services in Japan, Taiwan, China, Korea, the Americas, Europe, and rest of Asia.

Katakura IndustriesLtd

Market Cap: JP¥76.0b

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

Hochiki

Market Cap: JP¥75.7b

Engages in the research and development, manufacture, sale, consulting, engineering, design, and maintenance of fire alarm, information and communication, fire extinguishing, and security systems in Japan and internationally.

Nihon Dengi

Market Cap: JP¥72.3b

Engages in the automatic control system business in Japan.

Tenma

Market Cap: JP¥71.1b

Engages in the manufacture and sale of plastic products in Japan and internationally.

MEISEI INDUSTRIALLtd

Market Cap: JP¥70.3b

Operates as a construction works company in Japan and internationally.

ZACROS

Market Cap: JP¥68.9b

Provides packaging materials, medical/pharmaceutical packaging materials, and materials for the functional fields in Japan and internationally.

Espec

Market Cap: JP¥68.0b

Manufactures and sells environmental test chambers worldwide.

Kintetsu Department Store

Market Cap: JP¥67.6b

Operates department stores in Japan.

Japan Transcity

Market Cap: JP¥67.3b

Engages in logistics business in Japan and internationally.

Okinawa Financial Group

Market Cap: JP¥66.3b

Provides various financial services.

Kawada Technologies

Market Cap: JP¥66.1b

Engages in the steel, civil engineering, architecture, and IT service sectors in Japan.

CURVES HOLDINGS

Market Cap: JP¥63.1b

Engages in the operation and management of fitness club for women under the Curves brand name in Japan.

Kanro

Market Cap: JP¥63.0b

Manufactures and sells confectionery and food products in Japan.

santec Holdings

Market Cap: JP¥61.7b

Develops, manufactures, and sells components for fiber optic telecommunication systems.

Business Engineering

Market Cap: JP¥60.4b

Plans, develops, sells, and leases information and communications systems worldwide.

OPTEX GROUP Company

Market Cap: JP¥59.8b

Develops, manufactures, and sells security and automatic door products in Japan, the United States, Europe, and rest of Asia.

Marusan Securities

Market Cap: JP¥59.3b

Engages in the financial products trading business in Japan.

Nippon Ceramic

Market Cap: JP¥59.1b

Develops, manufactures, and sells ceramic sensors, modules, and other products in Japan and internationally.

Vertex

Market Cap: JP¥58.3b

Manufactures and sells concrete secondary products in Japan.

Shibusawa Logistics

Market Cap: JP¥57.9b

Provides logistics and warehousing services in Japan and internationally.

Vital KSK Holdings

Market Cap: JP¥57.9b

Engages in the wholesale and retail sale of pharmaceutical products in Japan.

Hokuto

Market Cap: JP¥55.8b

Researches, develops, produces, and sells mushrooms in Japan and internationally.

Maruzen

Market Cap: JP¥54.8b

Engages in the manufacture and sale of commercial kitchen equipment for the domestic market.

gremsInc

Market Cap: JP¥54.7b

Engages in energy cost solution, smart house, and electricity retailing businesses in Japan.

Akita Bank

Market Cap: JP¥54.1b

Provides banking and other financial services in Japan.

Avant Group

Market Cap: JP¥53.5b

Through its subsidiaries, provides accounting, business intelligence, and outsourcing services.