Japanese Undervalued based on future growth

Kasumigaseki CapitalLtd

Market Cap: JP¥124.5b

Engages in real estate consulting businesses in Japan.

Micronics Japan

Market Cap: JP¥120.3b

Develops, manufactures, and sells body measuring instruments, semiconductor, and liquid crystal display inspection equipment worldwide.

Ferrotec Holdings

Market Cap: JP¥116.9b

Engages in semiconductor equipment-related, electronic device, and other businesses in Japan and internationally.

Aisan Industry

Market Cap: JP¥116.4b

Engages in the manufacture and sale of automotive parts in Japan and internationally.

IDOM

Market Cap: JP¥105.7b

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

Yokogawa Bridge Holdings

Market Cap: JP¥103.2b

Yokogawa Bridge Holdings Corp. constructs steel bridge projects in Japan and internationally.

Nichiha

Market Cap: JP¥99.2b

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

Japan Investment Adviser

Market Cap: JP¥96.5b

Provides various financial solutions in Japan.

Hosiden

Market Cap: JP¥93.6b

Develops, manufactures, and sells electronic components in Japan and internationally.

GMO Financial Holdings

Market Cap: JP¥89.8b

Through its subsidiaries, provides financial product trading and crypto currency exchange services in Japan and internationally.

KH Neochem

Market Cap: JP¥89.7b

Researches, manufactures, and sells of petrochemical products in Japan and internationally.

World

Market Cap: JP¥88.4b

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

Tokyu Construction

Market Cap: JP¥87.4b

Engages in the civil engineering and building construction businesses in Japan.

Topre

Market Cap: JP¥87.2b

Manufactures and sells components and products for automobiles, temperature-controlled logistics, air conditioning systems, and electronic equipment in Japan, the United States, China, Mexico, Thailand, Indonesia, and India.

PILLAR

Market Cap: JP¥82.8b

Designs, develops, manufactures, and sells various fluid control equipment in Japan.

Koshidaka Holdings

Market Cap: JP¥82.5b

Operates a karaoke business and a bath house business in Japan and internationally.

Qol Holdings

Market Cap: JP¥82.2b

Engages in management of dispensing pharmacies and business process outsourcing contracting businesses in Japan.

Premium Group

Market Cap: JP¥79.9b

Provides financing and services worldwide.

Geo Holdings

Market Cap: JP¥78.0b

Engages in the amusement businesses in Japan.

Mitsubishi Research Institute

Market Cap: JP¥77.3b

Provides research, consulting, and ICT solution to public and private sectors in Japan.

Ki-Star Real EstateLtd

Market Cap: JP¥75.3b

KI-Star Real Estate Co.,Ltd operates as a real estate company.

Central Glass

Market Cap: JP¥72.7b

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

Toho Titanium

Market Cap: JP¥69.9b

Engages in the manufacture and sale of titanium metals, catalysts for polyolefin, and chemicals in Japan.

Nachi-Fujikoshi

Market Cap: JP¥69.9b

Operates as a machinery manufacturer in Japan, rest of Asia, China, the Americas, and Europe.

Futaba Industrial

Market Cap: JP¥69.6b

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

Ryobi

Market Cap: JP¥66.6b

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

Sato

Market Cap: JP¥66.3b

Engages in the manufacture and sale of labeling products in Japan and internationally.

Ishihara Sangyo KaishaLtd

Market Cap: JP¥65.8b

Engages in the manufacture and sale of organic and inorganic chemicals in Japan, Asia, the United States, Europe, and internationally.

Nippon Seiki

Market Cap: JP¥62.6b

Engages in the manufacture and sale of instruments for automobiles, motorcycles, agricultural and construction machines, and boats in Japan, the Americas, Europe, and rest of Asia.

Furuya Metal

Market Cap: JP¥62.1b

Manufactures and sells industrial-use precious metal products and temperature sensors in Japan.

West Holdings

Market Cap: JP¥61.5b

Engages in the renewable energy business in Japan and internationally.

Mandom

Market Cap: JP¥61.4b

Engages in the manufacture and sale of cosmetics, perfumes, and quasi-drugs in Japan, Indonesia, and internationally.

Vt HoldingsLtd

Market Cap: JP¥61.4b

Operates as an automobile dealer in Japan worldwide.

OSAKA Titanium technologiesLtd

Market Cap: JP¥59.9b

Manufactures and sells titanium products.

GA technologies

Market Cap: JP¥58.2b

Operates a real estate brokerage platform.

Nissha

Market Cap: JP¥57.0b

Engages in industrial materials, devices, medical technologies, information and communication, and pharmaceutical and cosmetics businesses in Japan and internationally.