Japanese Capital Goods Undervalued based on future growth

Hino Motors

Market Cap: JP¥221.6b

Manufactures and sells commercial vehicles under the Hino brand worldwide.

Kanadevia

Market Cap: JP¥159.8b

Engages in the design, manufacture, installation, sale, repair and maintenance of environmental equipment, plants, machinery, and infrastructure facilities in Japan, Europe, Asia, North America, Middle East, and internationally.

Yamabiko

Market Cap: JP¥121.6b

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

Nichiha

Market Cap: JP¥108.4b

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

Central Glass

Market Cap: JP¥86.4b

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

West Holdings

Market Cap: JP¥60.6b

Engages in the renewable energy business in Japan and internationally.

Nippon Thompson

Market Cap: JP¥57.0b

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.

Torishima Pump Mfg

Market Cap: JP¥53.1b

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

Maezawa Industries

Market Cap: JP¥35.6b

Engages in the manufacture, sale, and installation of equipment and apparatus for water supply and sewage systems in Japan and internationally.

Koike Sanso KogyoLtd

Market Cap: JP¥33.8b

Develops, manufactures, and sells various types of gases, welding and cutting machines and systems, and related products in Japan and internationally.

Sanko Gosei

Market Cap: JP¥27.1b

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

NittoseikoLtd

Market Cap: JP¥25.8b

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.

Juki

Market Cap: JP¥14.9b

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

Howa Machinery

Market Cap: JP¥14.4b

Engages in the manufacture and sale of machine tools, pneumatic and hydraulic equipment, electronic machines, sweepers, metal joinery fittings, and firearms in Japan.

Suzumo Machinery

Market Cap: JP¥13.7b

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

Sansha Electric ManufacturingLtd

Market Cap: JP¥12.3b

Manufactures and sells semiconductor devices and power supply equipment in Japan and internationally.

Advanex

Market Cap: JP¥7.4b

Engages in the manufacture and sale of precision springs in Japan and internationally.