Japanese Food, Beverage & Tobacco Undervalued over 20% based on DCF

Japan Tobacco

Market Cap: JP¥8.4t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Toyo Suisan Kaisha

Market Cap: JP¥986.1b

Produces and sells food products in Japan and internationally.

Meiji Holdings

Market Cap: JP¥813.3b

Through its subsidiaries, engages in the manufacture and sale of dairy products, confectionery food products and pharmaceuticals in Japan and internationally.

Sapporo Holdings

Market Cap: JP¥550.1b

Engages in alcoholic beverages, foods and soft drinks, restaurants, and real estate businesses in Japan and internationally.

Nichirei

Market Cap: JP¥418.6b

Through its subsidiaries, engages in the processed food, marine products, meat and poultry products, temperature-controlled logistics, real estate, and biosciences businesses in Japan and internationally.

Calbee

Market Cap: JP¥338.9b

Engages in the production and sale of snacks and other food products in Japan, North America, Greater China, Asia, the United Kingdom, Indonesia, and internationally.

Nissui

Market Cap: JP¥299.9b

Engages in marine, food products, fine chemicals, distribution, and marine-related/engineering businesses in Japan and internationally.

Kotobuki Spirits

Market Cap: JP¥298.5b

Produces and sells sweets in Japan.

Morinaga Milk Industry

Market Cap: JP¥279.2b

Engages in the production and sale of various dairy products in Japan and internationally.

House Foods Group

Market Cap: JP¥263.1b

Engages in the manufacture, sale, import, and export of spices, seasonings, and processed foods in Japan and internationally.

MEGMILK SNOW BRANDLtd

Market Cap: JP¥184.5b

Manufactures and sells milk, milk products, and other food products in Japan and internationally.

Sakata Seed

Market Cap: JP¥156.1b

Produces and sells vegetable and flower seeds, bulbs, plants, and agricultural and horticultural supplies in Japan and internationally.

Prima Meat Packers

Market Cap: JP¥120.5b

Produces and markets hams and sausages, meats, processed foods, and other products in Japan.

Showa Sangyo

Market Cap: JP¥99.5b

Manufactures, processes, and sells food products in Japan.

S&B Foods

Market Cap: JP¥76.5b

Engages in the manufacture and sale of spices and herbs, instant foods, spicy seasonings, and other products primarily in Japan.

Okamura Foods

Market Cap: JP¥62.9b

Okamura Foods Co., Ltd. farms, produces, and sells salmon trout in Japan and internationally.

Yukiguni Factory

Market Cap: JP¥45.7b

Manufactures and sells mushrooms and other processed food in Japan.

Sato Foods

Market Cap: JP¥35.9b

Produces and sells packaged mochi rice cakes and packaged cooked rice in Japan.

Oenon Holdings

Market Cap: JP¥35.9b

Engages in development of alcoholic beverages, enzymes, pharmaceuticals, real estate, and other businesses based on biotechnologies derived from fermentation technologies in Japan.

KENKO MayonnaiseLtd

Market Cap: JP¥28.7b

Engages in the manufacture and sale of salads and delicatessen, mayonnaise, dressings, sauces, and egg products in Japan.

STI Foods HoldingsInc

Market Cap: JP¥24.4b

Manufactures and sells seafood products in Japan.

Torigoe

Market Cap: JP¥21.5b

Manufactures and sells flours and related products in Japan.

DaireiLtd

Market Cap: JP¥11.8b

Plans, develops, and sells frozen food products for professional use in Japan.

Wakou Shokuhin

Market Cap: JP¥9.8b

Manufactures and sells soups and natural extracts in Japan and internationally.