Japanese Undervalued Dividend Payers

Seiko Epson

Market Cap: JP¥635.4b

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

Takasago Thermal Engineering

Market Cap: JP¥580.4b

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

MediPal Holdings

Market Cap: JP¥567.0b

Medipal Holdings Corporation engages in the prescription pharmaceutical wholesale business in Japan.

Mitsubishi Gas Chemical Company

Market Cap: JP¥553.0b

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

NHK Spring

Market Cap: JP¥510.0b

Manufactures and sells automotive parts in Japan, rest of Asia, America, Europe, and internationally.

Sankyo

Market Cap: JP¥501.9b

Manufactures and sells game machines and ball bearing supply systems in Japan.

Toyoda Gosei

Market Cap: JP¥501.8b

Manufactures and sells automotive parts, optoelectronic products, and general industry products.

Nichirei

Market Cap: JP¥467.7b

Through its subsidiaries, engages in the processed food, logistics, marine products, meat and poultry products, bioscience, and real estate businesses in Japan and internationally.

Kakaku.com

Market Cap: JP¥457.4b

Provides purchase support, restaurant review, and other services in Japan.

Kansai Paint

Market Cap: JP¥435.8b

Manufactures and sells paints and coatings in Japan, India, the United States, China, Asia, Africa, Europe, and internationally.

Sankyu

Market Cap: JP¥429.5b

Provides logistics services in Japan and internationally.

Japan Petroleum Exploration

Market Cap: JP¥401.9b

Explores, develops, produces, and sells oil, natural gas, and other energy resources in Japan, Europe, North America, and the Middle East.

Adeka

Market Cap: JP¥385.1b

Engages in chemicals, food products, and life science businesses.

GS Yuasa

Market Cap: JP¥376.2b

Manufactures and sells batteries, power supplies, lighting equipment, and other battery and electrical equipment in Japan, Asia, North America, Europe, and internationally.

Daicel

Market Cap: JP¥367.4b

Engages in the materials, medical/healthcare, smart, safety, and engineering plastics businesses in Japan and internationally.

Miura

Market Cap: JP¥351.6b

Produces and sells boilers in Japan and internationally.

Nissui

Market Cap: JP¥346.9b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

Goldwin

Market Cap: JP¥344.2b

Researches, develops, manufactures, and sells apparel in Japan.

Zeon

Market Cap: JP¥342.4b

Engages in the elastomer materials, specialty materials, and other businesses in Japan, North America, Europe, and Asia.

Takeuchi Mfg

Market Cap: JP¥311.8b

Manufactures and sells construction machinery in Japan and internationally.

Kaneka

Market Cap: JP¥269.1b

Engages in the manufacture and sale of polyvinyl chloride (PVC), crosslinked PVC, PVC-PVAc polymers, paste PVC, acryl grafted-vinyl chloride copolymer, and chlorinated PVC in Japan and internationally.

Relo Group

Market Cap: JP¥259.2b

Engages in the provision of property management services in Japan.

Meidensha

Market Cap: JP¥252.7b

Engages in the power infrastructure; public, industrial, and commercial sector; mobility and electrical components; field service engineering; and real estate businesses in Japan, Asia, and internationally.

Ship Healthcare Holdings

Market Cap: JP¥241.5b

Engages in the medical, healthcare, welfare, and nursing care businesses in Japan and internationally.

Tokai Carbon

Market Cap: JP¥206.9b

Manufactures and sells carbon-related products and services in Japan.

DTS

Market Cap: JP¥195.8b

Provides systems integration services in Japan.

NTN

Market Cap: JP¥194.6b

Manufactures and sells bearings, drive shafts, and precision equipment and other products in Japan, the United States, Europe, Asia, and internationally.

OSG

Market Cap: JP¥187.8b

Manufactures and sells precision machinery tools in Japan, the Americas, Europe, Africa, and Asia.

Konoike TransportLtd

Market Cap: JP¥174.2b

Engages in logistics business in Japan and internationally.

Fuji Seal International

Market Cap: JP¥167.1b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

TamronLtd

Market Cap: JP¥166.6b

Manufactures and sells optical equipment in Japan, North America, Europe, and Asia.

DaisekiLtd

Market Cap: JP¥160.8b

Engages in the industrial waste treatment and resource recycling activities in Japan.

and ST HDLtd

Market Cap: JP¥132.6b

Plans, produces, and retails clothes and sundry goods in Japan and internationally.

Elecom

Market Cap: JP¥131.5b

Engages in the development, manufacturing, and sale of personal computers and digital equipment related products in Japan and internationally.

IDOM

Market Cap: JP¥128.4b

IDOM Inc. purchases and sells used cars in Japan and internationally.

TV TOKYO Holdings

Market Cap: JP¥121.9b

Operates as a broadcasting holding company in Japan.