Japanese Undervalued Dividend Payers

Mizuho Financial Group

Market Cap: JP¥16.2t

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

Tokio Marine Holdings

Market Cap: JP¥10.8t

Engages in the non-life and life insurance, and financial and general businesses in Japan and internationally.

Japan Tobacco

Market Cap: JP¥10.1t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

MS&AD Insurance Group Holdings

Market Cap: JP¥5.8t

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

DENSO

Market Cap: JP¥5.8t

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

Komatsu

Market Cap: JP¥5.6t

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.

Daiichi Sankyo Company

Market Cap: JP¥5.4t

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

ORIX

Market Cap: JP¥5.1t

Provides financial services in Japan, the United States, Asia, Europe, and Australasia.

Dai-ichi Life Holdings

Market Cap: JP¥4.9t

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

Canon

Market Cap: JP¥4.2t

Manufactures and sells office multifunction devices (MFDs), laser and inkjet printers, cameras, medical equipment, and lithography equipment in Japan, the Americas, Europe, and Asia and Oceania.

Inpex

Market Cap: JP¥3.9t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

FUJIFILM Holdings

Market Cap: JP¥3.8t

Provides products and services in the fields of healthcare, electronics, business innovation, and imaging in Japan, the Americas, Europe, Asia, and internationally.

Sumitomo Mitsui Trust Group

Market Cap: JP¥3.5t

Operates as a trust bank in Japan and internationally.

Kao

Market Cap: JP¥2.9t

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

Shionogi

Market Cap: JP¥2.7t

Engages in the research, development, manufacture, and distribution of pharmaceuticals, diagnostic reagents, and medical devices in Japan and internationally.

Obayashi

Market Cap: JP¥2.4t

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

Asahi Kasei

Market Cap: JP¥2.0t

Engages in material, homes, healthcare businesses.

Aisin

Market Cap: JP¥2.0t

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

Isuzu Motors

Market Cap: JP¥1.7t

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

Suntory Beverage & Food

Market Cap: JP¥1.5t

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

Kawasaki Kisen Kaisha

Market Cap: JP¥1.4t

Engages in the provision of marine, land, and air transportation services in Japan, the United States, Europe, Asia, and internationally.

Niterra

Market Cap: JP¥1.3t

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

AGC

Market Cap: JP¥1.2t

Manufactures and sells architectural glass, electronics, chemicals, automotive, and ceramics worldwide.

Fukuoka Financial Group

Market Cap: JP¥1.0t

Provides various banking services to individual and corporate customers.

Kobe Steel

Market Cap: JP¥860.5b

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

Ricoh Company

Market Cap: JP¥784.4b

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¥751.1b

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

Sumitomo Chemical Company

Market Cap: JP¥749.6b

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

Cosmo Energy Holdings

Market Cap: JP¥735.1b

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

Hoshizaki

Market Cap: JP¥718.6b

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

Toyo Tire

Market Cap: JP¥639.5b

Manufactures and sells tires in Japan, North America, and internationally.

Seiko Epson

Market Cap: JP¥633.2b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

ABC-MartInc

Market Cap: JP¥626.3b

Engages in the retailing of shoes, clothing, and general merchandise products for men, women, and kids in Japan.

Persol HoldingsLtd

Market Cap: JP¥601.4b

Provides human resource services under the PERSOL brand worldwide.

Takasago Thermal Engineering

Market Cap: JP¥597.1b

Designs, constructs, manufactures, sells, and installs heating, ventilation, and air conditioning (HVAC) systems in Japan and internationally.

Mitsubishi Gas Chemical Company

Market Cap: JP¥595.1b

Manufactures and sells basic and fine chemicals, and functional materials in Japan.