Japanese Undervalued Dividend Payers

Mizuho Financial Group

Market Cap: JP¥15.6t

Engages in banking, trust banking, securities, and other businesses related to financial services in Japan, the Americas, Europe, Asia/Oceania, and internationally.

Japan Tobacco

Market Cap: JP¥10.6t

A tobacco company, engages in the manufacture and sale of tobacco products in Japan and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥6.2t

An insurance holding company, engages in the provision of insurance and financial services worldwide.

Komatsu

Market Cap: JP¥5.7t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

Sompo Holdings

Market Cap: JP¥5.5t

Provides property and casualty insurance services in Japan and internationally.

Daiichi Sankyo Company

Market Cap: JP¥5.4t

Manufactures and sells pharmaceutical products in Japan, the United States, Europe, and internationally.

DENSO

Market Cap: JP¥5.3t

Engages in the manufacture and sale of automotive parts in Japan, Rest of Asia, North America, Europe, and internationally.

Dai-ichi Life Holdings

Market Cap: JP¥5.2t

Through its subsidiaries, provides insurance products in Japan, the United States, and internationally.

Astellas Pharma

Market Cap: JP¥4.7t

Manufactures, markets, imports, and exports pharmaceuticals in Japan and internationally.

Canon

Market Cap: JP¥3.9t

Develops, produces, sells, and services various printing, medical, imaging, and industrial equipment in Japan, the Americas, Europe, Asia, and Oceania.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.6t

Operates as a trust bank in Japan and internationally.

Kao

Market Cap: JP¥2.8t

Develops and sells hygiene living care, health beauty care, life care, cosmetics, and chemical products in Japan.

Obayashi

Market Cap: JP¥2.7t

Engages in the construction business in Japan, North America, Asia and internationally.

Mitsui O.S.K. Lines

Market Cap: JP¥2.4t

Provides marine transportation and vessel chartering services in Japan, North America, Europe, Singapore, rest of Asia, and internationally.

Asahi Kasei

Market Cap: JP¥2.1t

Engages in material, homes, healthcare businesses.

Kirin Holdings Company

Market Cap: JP¥2.0t

Engages in food and beverages, alcoholic beverages, pharmaceuticals, and health science businesses.

Aisin

Market Cap: JP¥1.7t

Manufactures and sells automotive parts, lifestyle, and energy and wellness related products in Japan.

Yokohama Financial Group

Market Cap: JP¥1.6t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Isuzu Motors

Market Cap: JP¥1.6t

Manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide.

Niterra

Market Cap: JP¥1.5t

Manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally.

Chiba Bank

Market Cap: JP¥1.5t

Provides banking products and services in Japan and internationally.

Suntory Beverage & Food

Market Cap: JP¥1.4t

Engages in the production and distribution of alcoholic and non-alcoholic beverages, and food products in Japan, the Asia-Pacific, Europe, and the Americas.

Ono Pharmaceutical

Market Cap: JP¥1.2t

Produces, purchases, and sells pharmaceuticals and diagnostic reagents worldwide.

Fukuoka Financial Group

Market Cap: JP¥1.2t

Provides various banking services to individual and corporate customers.

Oracle Corporation Japan

Market Cap: JP¥1.1t

Provides software, hardware, and cloud products and solutions in Japan.

Yokohama Rubber Company

Market Cap: JP¥977.1b

Engages in the tire business in Japan, the United States, India, China, the Philippines, Europe and internationally.

MonotaRO

Market Cap: JP¥879.6b

Operates an online MRO products store for factories in Japan and internationally.

Nippon Express Holdings

Market Cap: JP¥871.0b

Provides logistics services in Japan, the Americas, Europe, East Asia, South Asia, and Oceania.

Sumitomo Chemical Company

Market Cap: JP¥857.5b

Engages in Agro & Life Solutions, ICT & Mobility Solutions, Advanced Medical Solutions, Essential & Green Materials, and Sumitomo Pharma.

Nissin Foods HoldingsLtd

Market Cap: JP¥854.1b

Manufactures and sells instant foods in Japan, the United States, and internationally.

Nissan Chemical

Market Cap: JP¥822.7b

Engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally.

Ricoh Company

Market Cap: JP¥779.3b

Develops, manufactures, and sells digital products and services in Japan, the Americas, Europe, the Middle East, Africa, China, South East Asia, and Oceania.

Sanwa Holdings

Market Cap: JP¥775.7b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Kobe Steel

Market Cap: JP¥773.6b

Engages in the materials, machinery, and electric power businesses worldwide.

Brother Industries

Market Cap: JP¥740.0b

Manufactures and sells communications and printing equipment in Japan, the United States, China, and internationally.

Hoshizaki

Market Cap: JP¥731.8b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment worldwide.