Japanese Capital Goods Strong Balance Sheet Stocks

TECHNO ASSOCIE

Market Cap: JP¥31.6b

TECHNO ASSOCIE Co., Ltd. designs, manufactures, and sells fasteners, processed components, raw steel, electrical components, chemical products, and industrial instruments worldwide.

Nitto Boseki

Market Cap: JP¥156.4b

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.

GS Yuasa

Market Cap: JP¥261.3b

Engages in the manufacture and sale of batteries, power supplies, lighting equipment, and other battery and electrical equipment in Japan, the rest of Asia, North America, Europe, and internationally.

Sekisui Chemical

Market Cap: JP¥1.0t

Engages in the housing, urban infrastructure and environmental products, high performance plastics, and medical businesses.

Nireco

Market Cap: JP¥12.6b

Provides process control, Web control, and inspection systems in Japan.

Sanwa Holdings

Market Cap: JP¥1.1t

Through its subsidiaries, manufactures and sells steel construction materials for commercial and residential construction in Japan, North America, Europe, and Asia.

Makita

Market Cap: JP¥1.2t

Engages in the manufacture and sale of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Australia, Brazil, and the United Arab Emirates.

Maezawa Kasei Industries

Market Cap: JP¥27.2b

Produces and sells water and sewerage related products, and environmental equipment.

MonotaRO

Market Cap: JP¥1.5t

Operates an online MRO products store in Japan and internationally.

Nippon Carbon

Market Cap: JP¥47.1b

Engages in the manufacture and sale of carbon products in Japan.

Subaru Enterprise

Market Cap: JP¥41.6b

Engages in the maintenance and cleaning of roads and road ancillary facilities in Japan.

Asahi Eito HoldingsLtd

Market Cap: JP¥2.2b

Engages in the manufacture and sale of sanitary and washroom equipment.

Nippon Tungsten

Market Cap: JP¥5.9b

Provides rare metal and fine ceramic products primarily composed of tungsten based on powder metallurgical technology.

Mansei

Market Cap: JP¥6.8b

Provides electronic products in Japan.

Taihei Dengyo Kaisha

Market Cap: JP¥103.1b

Engages in the plant construction business in Japan and internationally.

Makino Milling Machine

Market Cap: JP¥225.9b

Engages in the manufacture and sale of machine tools in Japan, China, rest of Asia, the United States, rest of Americas, Europe, and internationally.

Saita

Market Cap: JP¥2.0b

Engages in the construction and crushed stone businesses in Japan.

Kyodo Paper Holdings

Market Cap: JP¥3.1b

Sells paper and paper products.

Nihon Decoluxe

Market Cap: JP¥5.9b

Engages in the manufacture and sale of construction materials in Japan.

Toyota Tsusho

Market Cap: JP¥3.2t

Engages in the metals, parts and logistics, mobility, machinery, energy and project, chemicals and electronics, and food and consumer services businesses worldwide.

Union Tool

Market Cap: JP¥67.3b

Designs, manufactures, and sells of cutting tools, linear motion products, and metal machining equipment in Japan, China, Taiwan, and internationally.

Kikusui Chemical Industries

Market Cap: JP¥4.7b

Engages in the manufacture and sale of functional, building finishing, construction, and civil engineering materials in Japan and internationally.

Star Micronics

Market Cap: JP¥53.2b

Produces and sells machine tools and special products in Japan, Europe, the United States, and Asia.

Nadex

Market Cap: JP¥7.4b

Engages in the development, manufacture, sale, and installation of welding equipment in Japan, North America, China, Southeast Asia, and internationally.

Freund

Market Cap: JP¥12.4b

Develops, manufactures, and sells granulation and coating equipment and plant engineering for the pharmaceutical, food, chemical, and other industries in Japan and internationally.

Kyowa Engineering Consultants

Market Cap: JP¥3.6b

Provides construction consultancy services in Japan and internationally.

Mitsubishi Heavy Industries

Market Cap: JP¥9.5t

Manufactures and sells heavy machinery worldwide.

Chudenko

Market Cap: JP¥176.8b

Operates as an equipment engineering company in Japan.

Terasaki ElectricLtd

Market Cap: JP¥34.7b

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

Iwaki

Market Cap: JP¥58.4b

Manufactures and sells chemical pumps and pump controller products for OEMs in a range of markets and applications in Japan and internationally.

Hamai Industries

Market Cap: JP¥7.2b

Manufactures and sells precision machine equipment, valves, and high-pressure gas related equipment in Japan.

Sumitomo DensetsuLtd

Market Cap: JP¥194.2b

Operates as a construction company in Japan, Indonesia, Thailand, Cambodia, Myanmar, the Philippines, China, and Malaysia.

Nikko

Market Cap: JP¥4.3b

Engages in the housing environmental equipment, functional ceramic products, and ceramics businesses in Japan and internationally.

SHO-BOND HoldingsLtd

Market Cap: JP¥251.1b

Engages in repairing and reinforcing social infrastructures in Japan.

Sonec

Market Cap: JP¥6.3b

Engages in the general construction business.

Dijet Industrial

Market Cap: JP¥2.3b

Engages in the manufacture and sale of cemented carbide tools worldwide.