Japanese Potentially Undervalued Companies

Taoka Chemical Company

Market Cap: JP¥19.6b

Manufactures and sells various chemicals in Japan and internationally.

Toin

Market Cap: JP¥4.0b

Engages in the packaging materials, precision coating, and other businesses.

CSS HoldingsLtd

Market Cap: JP¥5.0b

Provides steward management services in Japan.

Yamau Holdings

Market Cap: JP¥15.7b

Manufactures and sells concrete products in Japan.

Comture

Market Cap: JP¥54.0b

Provides cloud, digital, business, platform and operation, and digital learning solutions in Japan.

Izawa TowelLtd

Market Cap: JP¥6.7b

Manufactures, imports, exports, and sells towels in Japan.

Tradia

Market Cap: JP¥2.2b

Operates as a logistics company.

Weds

Market Cap: JP¥10.2b

Engages in the planning and development, and sale of automobile parts and accessories in Japan.

Iwatsuka Confectionery

Market Cap: JP¥31.5b

Manufactures and sells rice crackers in Japan.

A.D.Works GroupLtd

Market Cap: JP¥23.2b

Operates in the real estate and stock-based fee businesses in Japan.

DOUTOR NICHIRES Holdings

Market Cap: JP¥111.5b

Engages in the operation and management of cafes and restaurants in Japan.

Koatsu KogyoLtd

Market Cap: JP¥4.2b

Together with its subsidiary, designs, constructs, contracts, and supervises civil engineering and construction work using prestressed and general concrete in Japan.

LTS

Market Cap: JP¥9.3b

Provides business process management services in Japan.

Kitagawa

Market Cap: JP¥15.3b

Manufactures and supplies synthetic metals, machine tool accessories, and industrial machinery in Japan and internationally.

ChugokukogyoLtd

Market Cap: JP¥1.8b

Manufactures and sells high voltage, steel structure, and facility equipment.

Japan Oil Transportation

Market Cap: JP¥11.3b

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

Ichikoh Industries

Market Cap: JP¥43.9b

Designs, develops, manufactures, and sells automotive lamps and other products for automobile manufacturers in Japan and internationally.

Polaris Holdings

Market Cap: JP¥49.1b

Operates a chain of hotels in Japan.

AppliedLtd

Market Cap: JP¥10.6b

Sells computers, peripherals, and digital products in Japan.

Yokota Manufacturing

Market Cap: JP¥3.0b

A fluid control solutions company, develops, manufactures, and sells pumps, valves, devices, special alloys, and parts in Japan and internationally.

KSKLtd

Market Cap: JP¥25.7b

Engages in the LSI, software, hardware, customer service, and data entry businesses.

Makiya

Market Cap: JP¥12.9b

Engages in the wholesale and retail business of household goods in Japan.

KENKO MayonnaiseLtd

Market Cap: JP¥28.1b

Engages in the manufacture and sale of salads and delicatessen, mayonnaise, dressings, sauces, and egg products in Japan.

Solekia

Market Cap: JP¥7.4b

Provides electronic devices, components, and management and field services in Japan and internationally.

Yappli

Market Cap: JP¥14.3b

Engages in mobile technology and internet businesses in Japan.

AZUMA HOUSE

Market Cap: JP¥6.2b

Engages in the real estate and construction businesses in Japan.

DAIKO XTECH

Market Cap: JP¥13.6b

Provides system integration solutions in Japan.

S.T

Market Cap: JP¥32.9b

Manufactures and sells deodorizers and air fresheners, mothproofing agents, gloves, dehumidifiers, and other products in Japan and internationally.

Tanaka Seimitsu Kogyo

Market Cap: JP¥10.4b

Manufactures and sells automobile and motorcycle parts, and general-purpose parts in Japan and internationally.

AEON REIT Investment

Market Cap: JP¥275.9b

AEON REIT Investment Corporation (hereinafter, “AEON REIT”) invests primarily in retail and related properties which, as an integral part of the communities in which they are located, form the backbone of communities and their retail business infrastructure.

Toabo

Market Cap: JP¥3.9b

Manufactures and sells textiles in Japan and internationally.

TPR

Market Cap: JP¥80.6b

Engages in the development and sale of engine components worldwide.

Tigers Polymer

Market Cap: JP¥19.5b

Manufactures and sells rubber hoses, sheets, and molded products primarily to automotive, electrics, construction and housing, and industrial materials markets in Japan, Southeast Asia, the Americas, and China.

Focus Systems

Market Cap: JP¥24.3b

Operates as an IT-related company in Japan.

Ichiken

Market Cap: JP¥26.6b

Engages in the construction business in Japan.

AINAVO HOLDINGSLtd

Market Cap: JP¥18.7b

Engages in the single-family home and large property businesses.