Japanese Capital Goods Undervalued over 20% based on DCF

Noritake

Market Cap: JP¥179.8b

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

Raito Kogyo

Market Cap: JP¥159.7b

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

Trusco Nakayama

Market Cap: JP¥153.2b

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

Nomura Micro Science

Market Cap: JP¥147.7b

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

Nissei ASB Machine

Market Cap: JP¥138.2b

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

Astroscale Holdings

Market Cap: JP¥136.1b

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

Toyo Tanso

Market Cap: JP¥135.9b

Produces and sells carbon materials in Japan and internationally.

Galilei HoldingsLtd

Market Cap: JP¥130.3b

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

Nachi-Fujikoshi

Market Cap: JP¥127.4b

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

Nippon Thompson

Market Cap: JP¥122.6b

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.

Iwaki

Market Cap: JP¥99.1b

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

Toyo Engineering

Market Cap: JP¥91.7b

Engages in the engineering and construction of industrial facilities in Japan, India, China, and internationally.

Moriya Transportation Engineering and ManufacturingLtd

Market Cap: JP¥86.8b

Moriya Transportation Engineering and Manufacturing Co.,Ltd.

Sodick

Market Cap: JP¥85.0b

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

Katakura IndustriesLtd

Market Cap: JP¥82.0b

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

Yahagi ConstructionLtd

Market Cap: JP¥80.9b

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

CTI Engineering

Market Cap: JP¥80.1b

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

Sekisui Jushi

Market Cap: JP¥78.1b

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

Hosokawa Micron

Market Cap: JP¥70.5b

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

Shinsho

Market Cap: JP¥64.8b

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

Aida Engineering

Market Cap: JP¥63.9b

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

Maruzen

Market Cap: JP¥62.3b

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¥44.6b

Manufactures and sells construction machinery in Japan and internationally.

Sansei Technologies

Market Cap: JP¥42.4b

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.

AeroEdge

Market Cap: JP¥34.6b

Manufactures and sells aerospace engine parts in Japan.

Meiwa

Market Cap: JP¥34.5b

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

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥31.1b

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

Seiko Electric

Market Cap: JP¥28.8b

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

Chiyoda IntegreLtd

Market Cap: JP¥28.7b

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.

Kawasaki Setsubi Kogyo

Market Cap: JP¥28.2b

Engages in the construction business in Japan.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥26.9b

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

NS Tool

Market Cap: JP¥22.9b

Manufactures and sells cutting tools in Japan.

Kimura Chemical Plants

Market Cap: JP¥22.8b

Operates as an engineering company.

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¥18.6b

Engages in the facilities construction business in Japan and internationally.