Japanese Capital Goods Potentially Undervalued Companies

Totetsu Kogyo

Market Cap: JP¥102.2b

Engages in the railway track maintenance, civil engineering, architectural, and environmental businesses in Japan.

NGK Insulators

Market Cap: JP¥489.2b

Manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and others.

Nitto Boseki

Market Cap: JP¥124.9b

Engages in the manufacture, processing, and sale of textile products and textile-related industrial goods, rock wool and building materials, glass fiber products, and specialty chemicals and medical products in Japan.

Nissei ASB Machine

Market Cap: JP¥65.2b

Engages in the planning, development, manufacturing, and sale of machines that produce PET and other plastic bottles worldwide.

Kyudenko

Market Cap: JP¥322.8b

Engages in design, construction, and installation of power infrastructure construction business in Japan.

NTN

Market Cap: JP¥110.8b

Engages in the manufacture and sale of bearings, drive shafts, and precision equipment and other products in Japan and internationally.

Komatsu

Market Cap: JP¥3.6t

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.

Fuji Electric

Market Cap: JP¥856.5b

Develops power semiconductors and electronics solutions in Japan and internationally.

Kanadevia

Market Cap: JP¥138.9b

Kanadevia Corporation design, constructs, and manufactures energy-from-waste plants, desalination plants, and water and sewage treatment plants in Japan and internationally.

Terasaki ElectricLtd

Market Cap: JP¥25.4b

Manufactures and sells marine and industrial systems, circuit breakers, and medical devices in Japan and internationally.

AeroEdge

Market Cap: JP¥7.6b

Manufactures and sells aerospace engine parts in Japan.

Miura

Market Cap: JP¥312.0b

Produces and sells boilers in Japan and internationally.

Mie Kotsu Group Holdings

Market Cap: JP¥49.2b

Engages in the transportation, real estate, distribution, and leisure service businesses in Japan and internationally.

Hikari Tsushin

Market Cap: JP¥1.7t

A holding company, engages in the sale of communication-related products in Japan.

Hino Motors

Market Cap: JP¥233.5b

Manufactures and sells large commercial vehicles under the Hino brand worldwide.

Takeuchi Mfg

Market Cap: JP¥209.9b

Manufactures and sells construction machinery in Japan and internationally.

Kanematsu

Market Cap: JP¥186.4b

Operates in trading of commercial products in Japan and internationally.

Kawada Technologies

Market Cap: JP¥48.8b

Engages in the steel, civil engineering, architecture, and IT service sectors in Japan.

Hirakawa Hewtech

Market Cap: JP¥15.5b

Manufactures and sells cable and assemblies, electric and electronic equipment, and medical equipment and parts in Japan and internationally.

Mitsui

Market Cap: JP¥7.5t

Operates as an trading and investment company worldwide.

Noritake

Market Cap: JP¥95.8b

Noritake Co., Limited with its subsidiaries, provides industrial, ceramic and material, engineering, and tabletop products in Japan and internationally.

Hitachi Construction Machinery

Market Cap: JP¥801.3b

Manufactures and sells construction machineries worldwide.

Kajima

Market Cap: JP¥1.4t

Engages in civil engineering, building construction, real estate development, architectural design, and other businesses worldwide.

TOA

Market Cap: JP¥98.7b

Provides construction and engineering services in Japan.

Hanwa

Market Cap: JP¥177.3b

Trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan and internationally.

Maezawa Industries

Market Cap: JP¥22.4b

Designs, manufactures, sells, and installs equipment and apparatus for water supply and sewage systems in Japan and internationally.

Rheon Automatic Machinery

Market Cap: JP¥28.9b

Develops, manufactures, and supplies a range of food processing machines and factory systems in Japan and internationally.

West Holdings

Market Cap: JP¥60.2b

Engages in the renewable energy business in Japan and internationally.

Nishio Holdings

Market Cap: JP¥107.6b

Engages in the construction machinery rental business in Japan and internationally.

Juki

Market Cap: JP¥10.8b

Manufactures and sells industrial and household sewing machines, and industrial equipment in Japan, China, rest of Asia, the Americas, Europe, and internationally.

Taisei

Market Cap: JP¥1.1t

Engages in the civil engineering, construction, and real estate development businesses in Japan.

AGC

Market Cap: JP¥886.8b

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

TOTO

Market Cap: JP¥595.5b

Manufactures and sells bathroom and kitchen plumbing fixtures worldwide.

Toyo Engineering

Market Cap: JP¥34.5b

Engages in the engineering and construction of industrial facilities.

NittoseikoLtd

Market Cap: JP¥20.0b

Manufactures and sells industrial fasteners and tools, industrial machinery and precision equipment, measurement and control equipment, and medical equipment in Japan, rest of Asia, and internationally.

Amada

Market Cap: JP¥420.4b

Manufactures, sells, leases, repairs, maintains, checks, and inspects metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally.