Japanese Undervalued Dividend Payers

Mitsubishi Gas Chemical Company

Market Cap: JP¥568.3b

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

NHK Spring

Market Cap: JP¥518.2b

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

Toyoda Gosei

Market Cap: JP¥515.8b

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

Sankyo

Market Cap: JP¥508.2b

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

Santen Pharmaceutical

Market Cap: JP¥506.0b

Engages in the research and development, manufacturing, and marketing of pharmaceuticals and medical devices in Japan, China, Asia, Europe, the Middle East, Africa, and internationally.

Kakaku.com

Market Cap: JP¥462.6b

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

Nichirei

Market Cap: JP¥457.9b

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

Japan Petroleum Exploration

Market Cap: JP¥449.2b

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

Sankyu

Market Cap: JP¥444.3b

Provides logistics services in Japan and internationally.

Kansai Paint

Market Cap: JP¥439.9b

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

Adeka

Market Cap: JP¥401.9b

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

GS Yuasa

Market Cap: JP¥375.1b

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¥374.0b

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

Miura

Market Cap: JP¥367.2b

Produces and sells boilers in Japan and internationally.

Zeon

Market Cap: JP¥353.3b

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

Nissui

Market Cap: JP¥341.3b

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

Takeuchi Mfg

Market Cap: JP¥328.0b

Manufactures and sells construction machinery in Japan and internationally.

Kaneka

Market Cap: JP¥276.5b

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¥265.0b

Engages in the provision of property management services in Japan.

Meidensha

Market Cap: JP¥264.9b

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¥245.7b

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

Tokai Carbon

Market Cap: JP¥215.2b

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

DTS

Market Cap: JP¥200.6b

Provides systems integration services in Japan.

NTN

Market Cap: JP¥199.4b

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

Konoike TransportLtd

Market Cap: JP¥171.5b

Engages in logistics business in Japan and internationally.

Fuji Seal International

Market Cap: JP¥170.3b

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

TamronLtd

Market Cap: JP¥169.5b

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

DaisekiLtd

Market Cap: JP¥161.7b

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

IDOM

Market Cap: JP¥134.3b

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

and ST HDLtd

Market Cap: JP¥131.6b

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

Elecom

Market Cap: JP¥128.8b

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

TV TOKYO Holdings

Market Cap: JP¥119.4b

Operates as a broadcasting holding company in Japan.

DIP

Market Cap: JP¥117.8b

Engages in the human resources service business in Japan.

SMS

Market Cap: JP¥113.8b

Provides information infrastructure for the nursing care, medical care, career, healthcare, and elderly care field business areas in Japan and internationally.

A&D HOLON Holdings Company

Market Cap: JP¥58.9b

Provides measurement technologies and products.

Macbee Planet

Market Cap: JP¥22.3b

Engages in the advertising business in Japan.