Japanese Potentially Undervalued Companies

Daihatsu Infinearth Mfg.Co.Ltd

Market Cap: JP¥80.4b

Manufactures and sells marine engines, land engines, and industrial instruments in Japan and internationally.

Meiwa Estate

Market Cap: JP¥25.7b

Develops, sells, and manages condominiums in Japan.

INTLOOP

Market Cap: JP¥34.1b

Provides system development, network construction, infrastructure, and IT human resources services in Japan.

Rent

Market Cap: JP¥23.5b

Engages in the rental of construction and industrial machinery.

DaiwaLtd

Market Cap: JP¥2.2b

Operates departmental stores in Japan.

Sysmex

Market Cap: JP¥1.2t

Engages in the development, manufacture, and sale of diagnostic instruments, reagents, and related software.

Amvis Holdings

Market Cap: JP¥59.5b

Provides nursing home, home nursing care, home care, in-home care support, and disability welfare services in Japan.

SHUEI YOBIKO

Market Cap: JP¥2.0b

Provides various educational services in Japan.

Nichiwa Sangyo

Market Cap: JP¥5.9b

Manufactures and processes compound feed products in Japan.

Harima B.Stem

Market Cap: JP¥7.8b

Provides building maintenance and management services in Japan.

AlphaPolis

Market Cap: JP¥41.8b

Engages in Internet site management and books publishing businesses in Japan.

Menicon

Market Cap: JP¥92.4b

Manufactures and sells contact lenses and lens care products.

Digital Holdings

Market Cap: JP¥34.8b

Provides advertising agency services in Japan and internationally.

Yamaguchi Financial Group

Market Cap: JP¥374.6b

Provides various banking products and services in Japan.

SpiderPlus

Market Cap: JP¥15.6b

Engages in information and communication technology business in Japan.

Ichinen HoldingsLtd

Market Cap: JP¥43.7b

Engages in automotive leasing, chemical, parking, machine tool sales, and synthetic resin businesses in Japan.

Sekisui House Reit

Market Cap: JP¥345.3b

Sekisui House Reit, Inc. ("SHR") was established on September 8, 2014 as an investment corporation investing primarily in commercial properties including office buildings, hotels and retail and other properties, sponsored by Sekisui House, Ltd.

Sodick

Market Cap: JP¥44.1b

Engages in the development, manufacture, and sale of numerical control electric discharge machines (EDMs) in Japan and internationally.

Medius Holdings

Market Cap: JP¥18.9b

Operates in the medical care industry in Japan.

Sansei LandicLtd

Market Cap: JP¥10.3b

Engages in the real estate business in Japan.

YTL Corporation Berhad

Market Cap: JP¥28.6b

Operates as an integrated infrastructure developer.

System Support Holdings

Market Cap: JP¥28.9b

Provides various information technology (IT) services in Japan and internationally.

Daisan

Market Cap: JP¥3.9b

Develops, manufactures, assembles, and sells scaffolding equipment for temporary construction and other related services in Japan.

Hirose Tusyo

Market Cap: JP¥25.3b

Operates as a foreign exchange margin trading company in Japan.

H2O Retailing

Market Cap: JP¥264.5b

Operates department stores, supermarkets, and shopping centers in Japan.

Sharp

Market Cap: JP¥563.6b

Manufactures and sells telecommunication equipment, electric and electronic application equipment, and electronic components in Japan, China, and internationally.

Concordia Financial Group

Market Cap: JP¥1.3t

Provides various banking products and services to small and medium-sized businesses and individuals in Japan and internationally.

Alleanza Holdings

Market Cap: JP¥31.3b

Engages in the home improvement business, pet store business, and related businesses.

Gun Ei Chemical Industry

Market Cap: JP¥23.3b

Manufactures and sells synthetic resins and fibers in Japan and internationally.

Rasa Industries

Market Cap: JP¥35.4b

Rasa Industries, Ltd. is involved in the chemicals, machinery, and electronic materials businesses in Japan and internationally.

Koukandekirukun

Market Cap: JP¥5.8b

Engages in the sale of housing equipment online.

Nissha

Market Cap: JP¥68.7b

Engages in industrial materials, devices, medical technologies, information and communication, and pharmaceutical and cosmetics businesses in Japan and internationally.

Daiwa Securities Living Investment

Market Cap: JP¥255.8b

The Investment Corporation was established on October 7, 2005, based on the provisions of the Act on Investment Trusts and Investment Corporations (Act No.

Showa Sangyo

Market Cap: JP¥98.4b

Manufactures, processes, and sells food products in Japan.

Nomura

Market Cap: JP¥3.5b

Develops, manufactures, and sells packaging materials and packaging machines in Japan.

Watts

Market Cap: JP¥8.6b

Engages in the wholesale and retail business of daily necessities and miscellaneous goods in Japan and internationally.