Japanese Telecom Strong Balance Sheet Stocks

Okinawa Cellular Telephone

Market Cap: JP¥233.3b

Provides telecommunication and mobile phone services in Japan and internationally.

BENEFIT JAPAN

Market Cap: JP¥10.0b

Engages in the telecommunication business in Japan.

ToumeiLtd

Market Cap: JP¥32.9b

Offers telecommunications services in Japan.

Forval TelecomInc

Market Cap: JP¥8.5b

Provides various telecommunications carrier services in Japan.

Internet Initiative Japan

Market Cap: JP¥493.0b

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

Fibergate

Market Cap: JP¥14.9b

Operates as a Wi-Fi solution company in Japan.

Japan Communications

Market Cap: JP¥26.4b

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

Broadmedia

Market Cap: JP¥13.7b

Engages in information technology and content distribution business in Japan.

Accrete

Market Cap: JP¥6.0b

Provides messaging services in Japan and internationally.

Basis

Market Cap: JP¥3.8b

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

FreeBit

Market Cap: JP¥31.2b

Operates as an Internet business support company.

U-NEXT HOLDINGSLtd

Market Cap: JP¥393.8b

Offers entertainment services.

Vision

Market Cap: JP¥59.3b

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¥37.2b

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

IPS

Market Cap: JP¥31.1b

Provides IT and telecommunications services in Japan and the Philippines.