Japanese Capital Goods Undervalued over 20% based on DCF

Komatsu

Market Cap: JP¥4.4t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, Rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

Hikari Tsushin

Market Cap: JP¥1.9t

A holding company, engages in the sale of communication-related products in Japan.

Sekisui Chemical

Market Cap: JP¥1.1t

Engages in the housing, urban infrastructure and environmental products, high performance plastics, and medical businesses in Japan, Europe, Asia, and the Americas.

MINEBEA MITSUMI

Market Cap: JP¥1.0t

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

Hoshizaki

Market Cap: JP¥733.7b

Researches, develops, manufactures, and sells commercial kitchen appliances and equipment worldwide.

NGK Insulators

Market Cap: JP¥626.7b

Manufactures and sells electric power related equipment in Japan, North America, Europe, Asia, and internationally.

MISUMI Group

Market Cap: JP¥596.0b

Engages in the factory automation (FA) and die component businesses in Japan, China, rest of Asia, the Americas, Europe, and internationally.

Amada

Market Cap: JP¥548.1b

Manufactures and sells metalworking machinery, software, and peripheral equipment in Japan, North America, Europe, Asia, and internationally.

DMG Mori

Market Cap: JP¥469.0b

Manufactures and sells machine tools worldwide.

Fujitec

Market Cap: JP¥443.2b

Engages in the research, development, manufacture, marketing, installation, and maintenance of elevators, escalators, moving walks, and transportation systems in Japan, East Asia, Europe, the Middle East, South Asia, South America, and North America.

Sumitomo Heavy Industries

Market Cap: JP¥402.9b

Manufactures and sells general machinery worldwide.

Nichias

Market Cap: JP¥382.8b

Manufactures and sells thermal insulation materials primarily in Japan.

Nabtesco

Market Cap: JP¥366.8b

Manufactures and sells equipment in the industrial, daily life, and environmental fields products in Japan and internationally.

Miura

Market Cap: JP¥362.7b

Produces and sells boilers in Japan and internationally.

JGC Holdings

Market Cap: JP¥335.2b

Provides engineering, procurement, and construction services.

Meidensha

Market Cap: JP¥274.0b

Engages in the power infrastructure; public, industrial, and commercial sector; mobility and electrical components; field service engineering; and real estate businesses in Japan and internationally.

MIRAIT ONE

Market Cap: JP¥258.2b

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

Sanki Engineering

Market Cap: JP¥257.4b

Provides various social infrastructure services in Japan and internationally.

SHO-BOND HoldingsLtd

Market Cap: JP¥254.3b

Engages in repairing and reinforcing social infrastructures in Japan.

Takeuchi Mfg

Market Cap: JP¥253.7b

Manufactures and sells construction machinery in Japan and internationally.

Hanwa

Market Cap: JP¥250.0b

Trades in steel, metals and alloys, nonferrous metals, food products, petroleum and chemicals, lumber, machinery, and other products in Japan and internationally.

Fuji

Market Cap: JP¥238.9b

Manufactures and sells machines and machine tools in Japan.

Inaba Denki SangyoLtd

Market Cap: JP¥234.3b

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

Chudenko

Market Cap: JP¥210.9b

Operates as an equipment engineering company in Japan.

Hino Motors

Market Cap: JP¥209.5b

Manufactures and sells commercial vehicles under the Hino brand worldwide.

Nishimatsu Construction

Market Cap: JP¥208.4b

Engages in the construction, development, real estate, and other businesses in Japan and internationally.

Glory

Market Cap: JP¥201.5b

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

Yurtec

Market Cap: JP¥183.5b

Operates as a facility engineering company in Japan and internationally.

InabataLtd

Market Cap: JP¥179.6b

Provides solutions and services for information and electronics, chemicals, life industry, and plastics businesses in Japan and internationally.

OSG

Market Cap: JP¥167.3b

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

TOKAI Holdings

Market Cap: JP¥144.6b

Engages in energy, information and communications, and related businesses in Japan and internationally.

Raito Kogyo

Market Cap: JP¥142.6b

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

Toenec

Market Cap: JP¥135.0b

An integrated facility company, engages in the construction and improvement of social infrastructure in the energy, environment, and information technology fields in Japan.

Shin Nippon Air Technologies

Market Cap: JP¥131.6b

Provides engineering systems to control air, water, heat, and other areas of air conditioning, electrical, and sanitary facilities in Japan and internationally.

Nitto Kogyo

Market Cap: JP¥130.1b

Manufactures and sells electric and mechanical equipment worldwide.

Noritake

Market Cap: JP¥126.3b

Noritake Co., Limited with its subsidiaries, provides industrial, ceramic and material, engineering, and tabletop products in Japan and internationally.