Japanese Potentially Undervalued Companies

Medical System Network

Market Cap: JP¥14.2b

Operates in the pharmaceutical industry.

Kakaku.com

Market Cap: JP¥531.0b

Engages in the provision of purchase support, restaurant review, and other services in Japan.

Sanki Engineering

Market Cap: JP¥268.1b

Provides various social infrastructure services in Japan and internationally.

Air Water

Market Cap: JP¥603.7b

Engages in the manufacturing and sale of products and services related to industrial gas, chemical, medical, energy, agriculture and food products, logistics, seawater, and other businesses in Japan.

BML

Market Cap: JP¥138.2b

Provides laboratory testing and related services in Japan.

Alps Alpine

Market Cap: JP¥379.9b

Manufactures and sells electronic components in Japan, China, the United States, South Korea, and internationally.

PeptiDream

Market Cap: JP¥198.9b

A biopharmaceutical company, engages in the discovery and development of constrained peptides, small molecules, and peptide-drug conjugate therapeutics.

BSN Media Holdings

Market Cap: JP¥13.2b

Engages in the radio and television broadcasting business.

Hoosiers Holdings

Market Cap: JP¥47.5b

A holding company, operates, manages, and sells real estate properties in Japan.

HeiwadoLtd

Market Cap: JP¥142.5b

Engages in the retailing of food, clothing, and housing-related products.

Tokai Rika

Market Cap: JP¥235.2b

Engages in the manufacturing of automotive parts in Japan, North America, Asia, and internationally.

K&O Energy Group

Market Cap: JP¥86.3b

Engages in the development, production, supply, and sale of natural gas and iodine in Japan.

As PartnersLTD

Market Cap: JP¥11.1b

Engages in the senior and real estate businesses in Japan.

Nac

Market Cap: JP¥23.0b

Engages in the renting and sale of dust control and cleaning products, and equipment in Japan.

Brangista

Market Cap: JP¥10.4b

Produces and publishes e-magazines primarily in Japan.

SuzukiLtd

Market Cap: JP¥30.0b

Manufactures and sells connectors for car electronics parts in Japan.

Aoyama Zaisan Networks CompanyLimited

Market Cap: JP¥48.8b

Provides property consulting solutions to individual and institutional asset owners in Japan.

Nippon Kayaku

Market Cap: JP¥225.8b

Engages in mobility and imaging, fine chemicals, and life sciences businesses in Japan.

Tsukuba Bank

Market Cap: JP¥24.6b

Provides various banking products and services in Japan.

Ogura ClutchLtd

Market Cap: JP¥5.8b

Manufactures and sells clutches and brakes parts for office automation equipment and automotive race cars in Japan and internationally.

Noritz

Market Cap: JP¥94.1b

Engages in the manufacture and sale of household appliances and equipment.

JK Holdings

Market Cap: JP¥35.3b

Through its subsidiaries, engages in the wholesale, plywood manufacturing and wood processing, franchise, construction works, and other businesses in Japan and internationally.

Sugita AceLtd

Market Cap: JP¥6.8b

Engages in the wholesale of building hardware and general building-related materials to hardware stores, building material trading companies, and metal contractors in Japan.

NH Foods

Market Cap: JP¥562.2b

Engages in manufacturing and selling ham, sausage, processed food, meat, and dairy product in Japan and internationally.

Ryoden

Market Cap: JP¥67.8b

Sells factory automation (FA) systems, cooling and heating systems, information and communication technologies (ICT) , building systems and electronics in Japan and internationally.

Tokyo Rope Mfg

Market Cap: JP¥23.5b

Manufactures and sells wire ropes, steel cords, and carbon fiber composite cables (CFCCs) in Japan and internationally.

SaftecLtd

Market Cap: JP¥2.9b

Provides safety products to the construction industry in Japan.

Tsumura

Market Cap: JP¥281.0b

Manufactures and sells pharmaceutical products from crude drugs derived from plants and other natural products in Japan and internationally.

Hulic Reit

Market Cap: JP¥235.2b

Hulic Reit, Inc. (“Investment Corporation”) was established on November 7, 2013, with Hulic Reit Management Co., Ltd.

SEIYU KOGYOLtd

Market Cap: JP¥7.6b

Engages in construction works and other business in Japan.

INFRONEER Holdings

Market Cap: JP¥376.6b

Provides infrastructure services in Japan.

Japan Transcity

Market Cap: JP¥72.3b

Engages in logistics business in Japan and internationally.

Sumida

Market Cap: JP¥35.1b

Designs, manufactures, and sells electronic components and modules for consumer electronics, automotive, and industrial application in Japan, rest of Asia, Europe, and North and South America.

Electric Power Development

Market Cap: JP¥519.5b

Operates as electric utility company in Japan.

GLOE

Market Cap: JP¥2.6b

A gaming lifestyle company, provides games and esports planning and production, consulting, promotion, facility management, etc.

Kitazato

Market Cap: JP¥61.7b

Researches, develops, manufactures, and markets medical devices and related products for fertility treatment.