Japanese Telecom Strong Balance Sheet Stocks

Okinawa Cellular Telephone

Market Cap: JP¥223.9b

Provides telecommunication and mobile phone services in Japan.

BENEFIT JAPAN

Market Cap: JP¥9.4b

Engages in the telecommunication business in Japan.

ToumeiLtd

Market Cap: JP¥28.6b

Offers telecommunications services in Japan.

Forval TelecomInc

Market Cap: JP¥8.3b

Provides various telecommunications carrier services in Japan.

FreeBit

Market Cap: JP¥31.4b

Operates as an Internet business support company.

Internet Initiative Japan

Market Cap: JP¥492.5b

Provides Internet connectivity, WAN, outsourcing, systems integration, and network-related equipment sales services in Japan.

Fibergate

Market Cap: JP¥15.8b

Operates as a Wi-Fi solution company in Japan.

Broadmedia

Market Cap: JP¥12.3b

Engages in information technology and content distribution business in Japan.

Japan Communications

Market Cap: JP¥27.0b

A mobile virtual network operator (MVNO), provides mobile services in Japan, the United States, and internationally.

U-NEXT HOLDINGSLtd

Market Cap: JP¥392.1b

Offers entertainment services.

Accrete

Market Cap: JP¥5.3b

Provides messaging services in Japan and internationally.

Basis

Market Cap: JP¥3.9b

An infrastructure technology company, engages in the construction and operation of information and communication infrastructure centered on mobile phones.

Vision

Market Cap: JP¥58.7b

Primarily engages in the provision of mobile Wi-Fi router rental services in Japan and internationally.

Air-U

Market Cap: JP¥21.6b

Air-U Ltd. operates as a mobile service provider in Japan.

Soracom

Market Cap: JP¥39.1b

Provides Internet of Things (IoT) based cellular connectivity solutions.

IPS

Market Cap: JP¥30.5b

Provides IT and telecommunications services in Japan and the Philippines.