Japanese Capital Goods Undervalued over 20% based on DCF

Astroscale Holdings

Market Cap: JP¥141.8b

Engages in research and development of technology related to on-orbit services in Japan, the United Kingdom, the United States, and France.

Nachi-Fujikoshi

Market Cap: JP¥139.6b

Manufactures and sells machine tools, parts, and other products in Japan, Asia, the Americas, and Europe.

Nippon Thompson

Market Cap: JP¥134.2b

Develops, manufactures, and sells needle roller bearings, linear motion rolling guides, precision positioning tables, and machine components under the IKO brand in Japan, North America, Europe, China, Singapore, Malaysia, and India.

Galilei HoldingsLtd

Market Cap: JP¥131.5b

Through its subsidiaries, manufactures and sale of commercial refrigerators and freezers, frozen showcases, and other equipment in Japan and internationally.

Iwaki

Market Cap: JP¥102.7b

Engages in the development, manufacturing, procurement, and sales of chemical pumps and peripheral equipment in Japan and internationally.

Sodick

Market Cap: JP¥93.9b

Engages in the development, manufacture, and sale of numerical control electric discharge machines (EDMs) in Japan and internationally.

Moriya Transportation Engineering and ManufacturingLtd

Market Cap: JP¥92.9b

Moriya Transportation Engineering and Manufacturing Co.,Ltd.

Katakura IndustriesLtd

Market Cap: JP¥82.3b

Engages in the textiles, pharmaceuticals, machinery, real estate, and other businesses in Japan.

Yahagi ConstructionLtd

Market Cap: JP¥81.0b

Engages in the construction, civil engineering, and real estate business in Japan.

CTI Engineering

Market Cap: JP¥80.7b

Provides professional consulting services in Japan, Asia, the United Kingdom, Europe, and internationally.

Sekisui Jushi

Market Cap: JP¥78.8b

Provides various products and services through the application of composite technology in Japan.

Hosokawa Micron

Market Cap: JP¥71.7b

Provides powder and plastic processing equipment in Japan, the Americas, Europe, Asia, and internationally.

Aida Engineering

Market Cap: JP¥66.9b

Manufactures and sells press machines, auto-processing lines, industrial robots, auto-conveyers, and dies in Japan, China, rest of Asia, the Americas, and Europe.

Shinsho

Market Cap: JP¥65.7b

Imports, exports, and trades in iron and steel, ferrous raw material, nonferrous metal, machinery, information industry, and welding products worldwide.

Maruzen

Market Cap: JP¥62.4b

Engages in the manufacture and sale of commercial kitchen equipment for the domestic market.

Nittoc Construction

Market Cap: JP¥46.6b

Engages in construction works in Japan.

Giken

Market Cap: JP¥45.7b

Manufactures and sells construction machinery in Japan and internationally.

Sansei Technologies

Market Cap: JP¥43.6b

Plans, designs, manufactures, installs, repairs, and maintains amusement rides, stage equipment, elevators, and other designed equipment in Japan, North America, the United States, Europe, and Asia.

Meiwa

Market Cap: JP¥35.3b

Engages in the chemicals, lubricants, battery materials, automotive and mineral resources, and environmental businesses in Japan and internationally.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥31.6b

Designs, manufactures, and sells water supply equipment in Japan.

Seiko Electric

Market Cap: JP¥30.5b

Operates in the field of power system, and environmental energy and control system in Japan.

Kawasaki Setsubi Kogyo

Market Cap: JP¥29.1b

Engages in the construction business in Japan.

Chiyoda IntegreLtd

Market Cap: JP¥29.1b

Manufactures and sells mechanical and functional components for a wide range of products, including office automation equipment, audiovisual equipment, communication equipment, and electronic equipment in Japan and internationally.

Sanko Gosei

Market Cap: JP¥28.1b

Engages in the molding and sale of plastic products and plastic molding dies in Japan and internationally.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥27.4b

Engages in the processing, manufacture, and sale of plumbing and housing equipment in Japan.

Kimura Chemical Plants

Market Cap: JP¥23.9b

Operates as an engineering company.

NS Tool

Market Cap: JP¥23.6b

Manufactures and sells cutting tools in Japan.

Narasaki Sangyo

Market Cap: JP¥20.6b

Engages in the sale of electric machinery and equipment, and petroleum products to industry and households in Japan.

Fujita Engineering

Market Cap: JP¥19.7b

Engages in the facilities construction business in Japan and internationally.

Kikusui Holdings

Market Cap: JP¥16.6b

Engages in the manufacture and sale of electrical measuring instruments and power supply equipment in Japan and internationally.

Pegasus

Market Cap: JP¥13.2b

Manufactures and sells industrial sewing machines in Japan, China, Bangladesh, rest of Asia, the United States, Europe, and internationally.

MK Seiko

Market Cap: JP¥11.4b

Develops, produces, and sells automotive service and information equipment, and household products.

Wise HoldingsLtd

Market Cap: JP¥11.1b

Engages in the planning, manufacture, and sale of metal products in Japan, Thailand, Asia, and internationally.

Lonseal

Market Cap: JP¥9.3b

Manufactures and sells plastic products in Japan and internationally.

Wagokoro

Market Cap: JP¥6.8b

Engages in retail, services, and OEM businesses in Japan.

Nikko

Market Cap: JP¥5.4b

Engages in manufacturing activities of housing environmental equipment in Japan and internationally.