Japanese Capital Goods Undervalued over 20% based on DCF

Ryobi

Market Cap: JP¥77.3b

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

Nachi-Fujikoshi

Market Cap: JP¥75.3b

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

Seika

Market Cap: JP¥69.2b

Imports, sells, and exports plants, machinery, and environmental protection and electronic information system equipment in Asia, Europe, the United States, and internationally.

IDEC

Market Cap: JP¥67.9b

Engages in the development of human machine interfaces, industrial switches, and control devices in Japan and internationally.

Obara Group

Market Cap: JP¥66.7b

Engages in the manufacture and sale of resistance welder, arc welder, laser equipment, polisher, cleaner/washer, and the consumables in Japan and internationally.

West Holdings

Market Cap: JP¥66.0b

Engages in the renewable energy business in Japan and internationally.

Oiles

Market Cap: JP¥65.1b

Manufactures and sells bearings, structural equipment, and construction equipment in Japan and internationally.

Mirai IndustryLtd

Market Cap: JP¥63.1b

Engages in the manufacture and sale of Manufacture and sale of electrical equipment materials, water supply and drainage equipment materials, and gas equipment materials in Japan.

Maruzen

Market Cap: JP¥56.2b

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

Shinsho

Market Cap: JP¥56.1b

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

Oriental Shiraishi

Market Cap: JP¥54.9b

Produces, constructs, and sells prestressed concrete products and structures in Japan.

MARUKA FURUSATO

Market Cap: JP¥54.2b

Engages in the machinery and tools, construction machinery and materials, and IoT businesses in Japan.

Terasaki ElectricLtd

Market Cap: JP¥52.2b

Manufactures and sells marine and industrial systems, circuit breakers, and medical devices in Japan and internationally.

Kpp Group Holdings

Market Cap: JP¥50.5b

A paper-trading company, engages in buying, selling, importing, and exporting papers, paperboards, paper processed products, pulp, recovered papers, chemical products, machines related to paper, packaging and wrapping materials, and other related products.

Shinwa

Market Cap: JP¥45.2b

Operates as an engineering, manufacturing, and trading and logistics in Japan and internationally.

Nippon Thompson

Market Cap: JP¥43.5b

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.

Gakken Holdings

Market Cap: JP¥41.5b

Engages in educational, and healthcare and nursing business in Japan and internationally.

Kondotec

Market Cap: JP¥40.8b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

TOYOKOH

Market Cap: JP¥40.1b

Provides construction services in Japan.

Fudo Tetra

Market Cap: JP¥40.0b

Engages in the civil engineering, ground improvement, and blocks and environment businesses in Japan.

Nippon SeisenLtd

Market Cap: JP¥33.8b

Manufactures and sells stainless steel wires in Japan and internationally.

Chiyoda IntegreLtd

Market Cap: JP¥29.7b

Manufactures and sells structural and functional parts for various products in Japan and internationally.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥29.4b

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

Hirakawa Hewtech

Market Cap: JP¥27.8b

Manufactures and sells cable and assemblies, electric and electronic equipment, and medical equipment and parts in Japan and internationally.

Futaba

Market Cap: JP¥27.7b

Designs, develops, manufactures, and sells electronic equipment, radio control, and manufacturing equipment in Japan and internationally.

Koike Sanso KogyoLtd

Market Cap: JP¥25.7b

Develops, manufactures, and sells various types of gases, welding and cutting machines and systems, and related products to industries that process steel plates, aluminum, and stainless steel in Japan and internationally.

Mitani Sangyo

Market Cap: JP¥24.6b

Engages in chemicals, resin, electronics, information systems, air conditioning systems, housing equipment, energy businesses in Japan and internationally.

NittoseikoLtd

Market Cap: JP¥23.2b

Manufactures and sells industrial fasteners and tools, industrial machinery and precision equipment, measurement and control equipment, and medical equipment in Japan, rest of Asia, and internationally.

JRCLtd

Market Cap: JP¥19.7b

Designs, manufactures, and sells conveyor parts in Japan.

NS Tool

Market Cap: JP¥19.6b

Manufactures and sells cutting tools in Japan.

DMW

Market Cap: JP¥19.3b

Engages in the manufacture and sale of fluid machinery in Japan and internationally.

Togami Electric Mfg

Market Cap: JP¥18.5b

Engages in manufacturing and sale of power distribution and control equipment in Japan.

Tenryu Saw Mfg

Market Cap: JP¥18.4b

Manufactures and sells saw blades in Japan and internationally.

Freund

Market Cap: JP¥18.3b

Develops, manufactures, and sells granulation and coating equipment and plant engineering for the pharmaceutical, food, chemical, and other industries in Japan and internationally.

KVK

Market Cap: JP¥17.0b

Manufactures and sells faucets in Japan.

Takigami Steel Construction

Market Cap: JP¥14.1b

The Takigami Steel Construction Co., Ltd.