Japanese Capital Goods Undervalued over 20% based on DCF

Sumitomo

Market Cap: JP¥7.5t

Engages in the general trading business.

Komatsu

Market Cap: JP¥5.7t

Engages in the manufacturing and sale of construction, mining, utility, forestry, and industrial machinery worldwide.

Nidec

Market Cap: JP¥3.0t

Develops, manufactures, and sells motors, electronics and optical components, and other related products in Japan and internationally.

Kawasaki Heavy Industries

Market Cap: JP¥2.3t

Operates aerospace systems, vehicles, energy solutions and marine, precision machinery and robotics, powersports and engines, and other businesses in Japan and internationally.

MINEBEA MITSUMI

Market Cap: JP¥1.6t

Manufactures and supplies machinery components, electronic devices and components, automotive, and industrial machinery and home security business in Japan and internationally.

Kinden

Market Cap: JP¥1.5t

Provides integrated electrical and facility engineering services in Japan.

Makita

Market Cap: JP¥1.5t

Engages in the production and sales of electric power tools, pneumatic tools, and gardening and household equipment in Japan, Europe, North America, Asia, Central and South America, Oceania, The Middle East, and Africa.

AGC

Market Cap: JP¥1.4t

Manufactures and sells architectural glass, electronics, chemicals, automotive, and ceramics worldwide.

TOTO

Market Cap: JP¥1.3t

Manufactures and sells bathroom and plumbing fixtures worldwide.

KandenkoLtd

Market Cap: JP¥1.2t

Engages in electrical and piping work, and other facility construction work in Japan and internationally.

MISUMI Group

Market Cap: JP¥998.5b

Engages in the factory automation, die components, and VONA businesses in Japan, China, rest of Asia, the United States, Europe, and internationally.

MonotaRO

Market Cap: JP¥968.2b

Operates an online MRO products store for factories in Japan and internationally.

Hoshizaki

Market Cap: JP¥740.6b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment in Japan, the United States, Europe, the rest of Asia.

Fuji

Market Cap: JP¥671.6b

Manufactures and sells electronic component mounting robots and machine tools in Japan.

Miura

Market Cap: JP¥374.9b

Produces and sells boilers in Japan and internationally.

Nisshinbo Holdings

Market Cap: JP¥366.6b

Engages in wireless communication, microdevice, automobile brakes, mechatronics, chemicals, textiles, and real estate businesses in China and internationally.

Takeuchi Mfg

Market Cap: JP¥339.6b

Manufactures and sells construction machinery in Japan and internationally.

Union Tool

Market Cap: JP¥328.8b

Designs, manufactures, and sells of cutting tools, linear motion products, and metal machining equipment in Japan, China, Taiwan, and internationally.

MIRAIT ONE

Market Cap: JP¥326.7b

Engages in the telecommunications construction, electrical construction, civil engineering work, and architectural and construction businesses in Japan.

Keihan Holdings

Market Cap: JP¥325.4b

Engages in the transportation and various other businesses in Japan.

Inaba Denki SangyoLtd

Market Cap: JP¥310.4b

Sells electrical equipment and materials, industrial automation, and proprietary products in Japan and internationally.

Taikisha

Market Cap: JP¥289.5b

Engages in the environmental systems and painting systems businesses in Japan.

Hazama Ando

Market Cap: JP¥284.7b

Engages in construction and related business in Japan and internationally.

SHO-BOND HoldingsLtd

Market Cap: JP¥256.1b

Engages in repairing and reinforcing social infrastructures in Japan.

Nikkiso

Market Cap: JP¥251.9b

Engages in industrial, aerospace, and medical businesses worldwide.

Kumagai GumiLtd

Market Cap: JP¥251.0b

Operates as a construction company in Japan and internationally.

Mitani

Market Cap: JP¥237.2b

Engages in the information systems, construction materials, energy, lifestyle-related business and development business in Japan and internationally.

NTN

Market Cap: JP¥231.9b

Manufactures and sells bearings, products, and CVJ axle products in Japan, the United States, Europe, Asia, and internationally.

PowerXInc

Market Cap: JP¥225.5b

Manufactures and sells energy storage systems.

Glory

Market Cap: JP¥223.7b

Develops, manufactures and sells cash handling machines in Japan, the United States, Europe, and Asia.

Kanadevia

Market Cap: JP¥205.1b

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

Takara StandardLtd

Market Cap: JP¥197.0b

Manufactures and sells housing equipment and fixtures in Japan.

Nomura Micro Science

Market Cap: JP¥163.1b

Engages in the design, installation, and sale of water treatment technologies in Japan, South Korea, Taiwan, China, and the United States.

Raito Kogyo

Market Cap: JP¥159.9b

Engages in the civil engineering works business in Japan, North America, and internationally.

Trusco Nakayama

Market Cap: JP¥156.1b

A trading company, engages in the wholesale of work, measuring, and cutting tools in Japan and internationally.

Nissei ASB Machine

Market Cap: JP¥144.1b

Engages in the planning, development, manufacturing, and distribution of production machines for PET and other plastic bottles worldwide.