Japanese Undervalued based on future growth

Honda Motor

Market Cap: JP¥6.1t

Develops, manufactures, and distributes motorcycles, automobiles, and power products in Japan, North America, Europe, Asia, and internationally.

Panasonic Holdings

Market Cap: JP¥4.5t

Research, develops, manufactures, sells, and services various electrical and electronic products in Japan, the United States, Europe, Asia, China, and internationally.

JFE Holdings

Market Cap: JP¥1.2t

Through its subsidiaries, engages in steel, engineering, and trading businesses in Japan and internationally.

Mazda Motor

Market Cap: JP¥762.9b

Engages in the manufacture and sale of passenger cars and commercial vehicles in Japan, North America, Europe, and internationally.

JTEKT

Market Cap: JP¥561.4b

Manufactures and sells steering systems, driveline components, bearings, machine tools, electronic control devices, and home accessory equipment.

Hokuhoku Financial Group

Market Cap: JP¥554.3b

Through its subsidiaries, provides various banking products and services to individuals, and small and medium-sized enterprises.

Metaplanet

Market Cap: JP¥494.6b

Engages in hotel management operation and development in Japan.

Toyota Boshoku

Market Cap: JP¥446.8b

Develops, manufactures, and sells automotive interior systems in Japan, the United States, China, and internationally.

Nishi-Nippon Financial Holdings

Market Cap: JP¥441.0b

Through its subsidiaries, provides financial and non-financial products and services in Japan, China, Hong Kong, and Singapore.

Chugin Financial GroupInc

Market Cap: JP¥437.8b

Through its subsidiary The Chugoku Bank, Limited, provides various financial services to corporate and individual customers in Japan.

Macnica Holdings

Market Cap: JP¥430.3b

Imports, sells, and exports electronic components in Japan.

Fuyo General Lease

Market Cap: JP¥383.0b

Engages in the leasing and instalment sales business in Japan and internationally.

Shiga Bank

Market Cap: JP¥347.1b

Provides various banking products and services primarily in Japan.

North Pacific BankLtd

Market Cap: JP¥320.8b

Provides various banking products and services for individuals and corporations in Japan.

Hino Motors

Market Cap: JP¥224.5b

Manufactures and sells commercial vehicles under the Hino brand worldwide.

Heiwa

Market Cap: JP¥197.1b

Develops, manufactures, and sells pachinko and pachislot machines in Japan.

Kasumigaseki CapitalLtd

Market Cap: JP¥184.6b

Engages in real estate consulting businesses in Japan.

Musashi Seimitsu Industry

Market Cap: JP¥172.9b

Manufactures and sells automotive parts in Japan, the United States, Asia, China, and Europe.

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.

Okaya

Market Cap: JP¥159.7b

Engages in the selling, exporting, and importing of iron and steel, special steel, non-ferrous metals in Japan and internationally.

Hokuetsu

Market Cap: JP¥148.0b

Manufactures and sells paper products in Japan, the rest of Asia, North America, and internationally.

Japan Investment Adviser

Market Cap: JP¥136.3b

Provides various financial solutions in Japan.

Mitsui High-tec

Market Cap: JP¥131.2b

Produces and sells lead frames, precision tools, motor cores, and surface grinders for the electronics, automobile, and industrial machinery industries in Japan, China, and internationally.

Nippon Paper Industries

Market Cap: JP¥128.9b

Engages in the production and sale of pulp and paper products in Japan, Oceania, Asia, North America, and internationally.

IDOM

Market Cap: JP¥126.4b

IDOM Inc. purchases and sells used cars in Japan and internationally.

Yamabiko

Market Cap: JP¥118.9b

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

World

Market Cap: JP¥114.1b

Through its subsidiaries, plans, manufactures, retails, sells, and imports/exports apparel and fashion products in Japan and internationally.

Nichiha

Market Cap: JP¥106.4b

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

Ki-Star Real EstateLtd

Market Cap: JP¥97.9b

Operates as a real estate company.

Futaba Industrial

Market Cap: JP¥95.5b

Manufactures and sells automotive parts, equipment for external sales, and agricultural equipment in Japan and internationally.

Central Glass

Market Cap: JP¥84.9b

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

Kumiai Chemical Industry

Market Cap: JP¥83.0b

Manufactures and sells agrochemicals in Japan and internationally.

OptorunLtd

Market Cap: JP¥77.1b

Manufactures and sells optical thin film devices in Japan, China, Taiwan, Vietnam, South Korea, and internationally.

Restar

Market Cap: JP¥75.4b

Engages in the sale of semiconductors, electronic components, image sensors, cameras, peripheral equipment, and related products in Japan, China, South Korea, Vietnam, Taiwan, and internationally.

Premium Group

Market Cap: JP¥74.2b

Engages in the provision of financing and services worldwide.

Geo Holdings

Market Cap: JP¥72.2b

Engages in the operation of various used and new product stores in Japan.