Japanese Telecom Strong Balance Sheet Stocks

Okinawa Cellular Telephone

Market Cap: JP¥249.7b

Provides telecommunication and portable phone services in Japan.

BENEFIT JAPAN

Market Cap: JP¥11.4b

Engages in the telecommunication business in Japan.

ToumeiLtd

Market Cap: JP¥32.0b

Offers telecommunications services in Japan.

Forval TelecomInc

Market Cap: JP¥9.5b

Provides various telecommunications carrier services in Japan.

Fibergate

Market Cap: JP¥14.9b

Operates as a Wi-Fi solution company in Japan.

Japan Communications

Market Cap: JP¥25.4b

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

Broadmedia

Market Cap: JP¥12.5b

Engages in information technology and content distribution business in Japan.

FreeBit

Market Cap: JP¥36.7b

Operates as an Internet business support company.

U-NEXT HOLDINGSLtd

Market Cap: JP¥387.3b

Offers entertainment services.

Accrete

Market Cap: JP¥6.7b

Provides messaging services in Japan and internationally.

Basis

Market Cap: JP¥3.6b

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

Internet Initiative Japan

Market Cap: JP¥471.4b

Provides Internet connectivity, WAN, outsourcing, and systems integration services in Japan.

Vision

Market Cap: JP¥60.7b

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¥45.9b

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

IPS

Market Cap: JP¥45.6b

Provides IT and telecommunications services in Japan and the Philippines.