Japanese Capital Goods Undervalued based on future growth

Kumagai GumiLtd

Market Cap: JP¥181.8b

Operates as a construction company in Japan and internationally.

DAIHEN

Market Cap: JP¥147.2b

Manufactures and sells transformers, welding machines, and industrial and clean transport robots.

Nisshinbo Holdings

Market Cap: JP¥140.4b

Operates wireless communication, microdevice, automobile brakes, precision instruments, chemicals, textiles, and real estate businesses in China and internationally.

OSG

Market Cap: JP¥136.0b

Manufactures and sells cutting tools in Japan, the Americas, Europe, Africa, and Asia.

Nichiha

Market Cap: JP¥101.3b

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

Central Glass

Market Cap: JP¥72.1b

Engages in the manufacture and sale of flat glass and chemical products for customers in Japan and internationally.

Ryobi

Market Cap: JP¥67.5b

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

West Holdings

Market Cap: JP¥59.1b

Engages in the renewable energy business in Japan and internationally.

Star Micronics

Market Cap: JP¥52.9b

Produces and sells machine tools and special products in Japan, Europe, the United States, and Asia.

Torishima Pump Mfg

Market Cap: JP¥48.8b

Manufactures and sells various pumps in Japan and internationally.

Toyo Engineering

Market Cap: JP¥39.6b

Engages in the engineering and construction of industrial facilities.

Nippon Thompson

Market Cap: JP¥36.2b

Develops, manufactures, and sells needle roller bearings, linear motion rolling guides, precision positioning tables, and machine components under the IKO brand in Japan and internationally.

Asahi Diamond Industrial

Market Cap: JP¥34.9b

Manufactures and sells diamond tools in Japan, Asia/Oceania, Europe, North America, and internationally.

Takaoka Toko

Market Cap: JP¥34.7b

Engages in the power equipment, metering, GX solutions, and applied optical inspection equipment businesses.

KIMURA KOHKILtd

Market Cap: JP¥34.5b

Designs, manufactures, and sells air-conditioning and heat exchanger equipment in Japan.

NittokuLtd

Market Cap: JP¥29.2b

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

NittoseikoLtd

Market Cap: JP¥20.9b

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.

Sanko Gosei

Market Cap: JP¥18.2b

Engages in the molding and sale of plastic parts in Japan and internationally.

Okada Aiyon

Market Cap: JP¥14.9b

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

Pegasus

Market Cap: JP¥12.6b

Manufactures and sells industrial sewing machines worldwide.

Sansha Electric ManufacturingLtd

Market Cap: JP¥11.7b

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

PuequLTD

Market Cap: JP¥7.4b

Manufactures and sells pumps, blowers, air conditioners, and factory equipment in Japan.

UPR

Market Cap: JP¥5.7b

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

Kitagawa SeikiLtd

Market Cap: JP¥5.2b

Engages in the manufacture and sale of press machines, factory automation equipment, and transfer machines.

Kuroda Precision Industries

Market Cap: JP¥5.1b

Manufactures and sells motion control systems, press tools and die systems, and machine tools and measurement systems worldwide.