Japanese Energy Potentially Undervalued Companies

Cosmo Energy Holdings

Market Cap: JP¥582.6b

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

Japan Petroleum Exploration

Market Cap: JP¥421.1b

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

MODEC

Market Cap: JP¥680.7b

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.

Idemitsu KosanLtd

Market Cap: JP¥1.6t

Engages in the petroleum, basic chemicals, functional materials, power and renewable energy, and resources businesses in Japan, rest of Asia, Oceania, North America, and internationally.

Japan Oil Transportation

Market Cap: JP¥17.4b

Primarily engages in the transportation of liquefied natural gas, petrochemical products, other high-pressure gases, and other related products in Japan and internationally.

Inpex

Market Cap: JP¥4.0t

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

Nippon Seiro

Market Cap: JP¥4.4b

Manufactures and sells petroleum waxes, physically and chemically converted wax products, and fuel oil in Japan, rest of Asia, North America, and internationally.

SALA

Market Cap: JP¥65.0b

Through its subsidiaries, engages in the energy supply and solution business in Japan.

Toyo Kanetsu K.K

Market Cap: JP¥36.7b

Engages in plant and machinery, material handling systems, and other businesses in Japan, Southeast Asia, and internationally.

ENEOS Holdings

Market Cap: JP¥3.4t

Through its subsidiaries, operates in the energy, oil and natural gas exploration and production, and metals businesses in Japan, China, Asia, and internationally.

Nagaoka International

Market Cap: JP¥10.1b

Manufactures and sells water intake and treatment systems, and screen internals to the oil refining and petrochemical industries in Japan and internationally.

Iwatani

Market Cap: JP¥434.9b

Engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.

Fuji United Holdings CompanyLtd

Market Cap: JP¥7.7b

Fuji United Holdings Company,Ltd. purchases and sells petroleum products in Japan.