Japanese Capital Goods Undervalued based on future growth

Hino Motors

Market Cap: JP¥218.7b

Manufactures and sells commercial vehicles under the Hino brand worldwide.

Yamabiko

Market Cap: JP¥105.0b

Manufactures and sells agricultural machinery in Japan, Europe, the United States, and internationally.

Nichiha

Market Cap: JP¥90.0b

Manufactures and markets exterior and interior building products for residential, and commercial and public facilities in Japan and internationally.

Ryobi

Market Cap: JP¥83.4b

Operates as a die casting manufacturer in Japan, the United States, China, and internationally.

Central Glass

Market Cap: JP¥80.2b

Engages in the chemical and glass businesses in Japan, Asia, Europe, and internationally.

IDEC

Market Cap: JP¥66.8b

Engages in the human-machine interface (HMI), industrial relays and components, automation and sensing, safety and explosion protection, and systems businesses in Japan, America, Europe, the Middle East, Africa, and the Asia Pacific.

West Holdings

Market Cap: JP¥60.2b

Engages in the renewable energy business in Japan and internationally.

Torishima Pump Mfg

Market Cap: JP¥53.3b

Engages in the sale of pumps and peripheral equipment in Japan and internationally.

Nippon Thompson

Market Cap: JP¥46.3b

Develops, manufactures, and sells needle roller bearings, linear motion rolling guides, precision positioning tables, and machine components under the IKO brand in Japan, North America, Europe, China, Singapore, Malaysia, and India.

NittokuLtd

Market Cap: JP¥39.8b

Develops, manufactures, sells, and services automatic winding machines, and related machinery and parts in Japan and internationally.

Maezawa Industries

Market Cap: JP¥33.3b

Designs, manufactures, sells, and installs equipment and apparatus for water supply and sewage systems in Japan and internationally.

Sanko Gosei

Market Cap: JP¥25.5b

Engages in the molding and sale of plastic products and plastic molding dies in Japan and internationally.

NittoseikoLtd

Market Cap: JP¥25.4b

Manufactures and sells industrial fasteners and tools, industrial machinery and precision equipment, measurement and control equipment, and medical equipment in Japan, rest of Asia, and internationally.

Okada Aiyon

Market Cap: JP¥16.1b

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

Suzumo Machinery

Market Cap: JP¥16.0b

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