Japanese Capital Goods Undervalued based on future growth

NTN

Market Cap: JP¥232.5b

Manufactures and sells bearings, products, and CVJ axle products in Japan, the United States, Europe, Asia, and internationally.

Tokyu Construction

Market Cap: JP¥123.9b

Engages in the civil engineering and building construction businesses in Japan, Thailand, Singapore, Indonesia, Myanmar, Vietnam, and Bangladesh.

Hosokawa Micron

Market Cap: JP¥73.8b

Provides powder and plastic processing equipment in Japan, the Americas, Europe, Asia, and internationally.

Nippon Sheet Glass Company

Market Cap: JP¥68.6b

Engages in the manufacture and sale of glass and glass products in Europe, Asia, and the Americas.

Tokyo Energy & Systems

Market Cap: JP¥66.1b

Engages in the planning, study, design, construction, and supervision of electric and mechanical facilities in Japan.

Iseki

Market Cap: JP¥41.8b

Engages in the development, manufacture, and sale of agricultural machinery in Japan, Asia, Europe, the United States, and internationally.

HIRANO TECSEEDLtd

Market Cap: JP¥24.4b

Engages in the production and sale of coating/laminating and industrial machinery in Japan and internationally.

Okada Aiyon

Market Cap: JP¥16.2b

Engages in the manufacture, sale, and repair of construction machines in Japan.

Juki

Market Cap: JP¥15.4b

Manufactures and sells industrial and household sewing machines, and industrial equipment in Japan, China, India, rest of Asia, the Americas, Europe, and internationally.

JRCLtd

Market Cap: JP¥14.8b

Designs, manufactures, and sells conveyor parts in Japan.

Suzumo Machinery

Market Cap: JP¥11.5b

Manufactures and sells food machines for small kitchens and factories worldwide.

UPR

Market Cap: JP¥7.7b

Primarily engages in the rental and sale of pallets and logistics equipment in Japan.