Japanese Energy Undervalued Dividend Payers

ENEOS Holdings

Market Cap: JP¥3.5t

Through its subsidiaries, operates in the energy petroleum and natural gas development, functional material, electricity and city gas, and renewable energy businesses in Japan, Singapore, China, and internationally.

Cosmo Energy Holdings

Market Cap: JP¥677.4b

Through its subsidiaries, engages in the petroleum business in Japan and internationally.

MODEC

Market Cap: JP¥656.1b

Operates as engineering, procurement, construction and installation (EPCI) general contractor of floating production systems in Brazil, Guyana, Senegal, Cote d' Ivoire, Ghana, Mexico, and internationally.