Global Capital Goods Low Leverage High Rewards

Kikusui Chemical Industries

Market Cap: JP¥4.8b

Engages in the manufacture and sale of functional, architectural finishing, construction, and civil engineering materials primarily in Japan.

Sonec

Market Cap: JP¥7.3b

Engages in the general construction business.

NippiIncorporated

Market Cap: JP¥32.0b

Manufactures and sells collagen and gelatin products in Japan, Thailand, rest of Asia, North America, and internationally.

Yahagi ConstructionLtd

Market Cap: JP¥77.7b

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

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥29.2b

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

DKSH Holding

Market Cap: CHF 4.1b

Provides various market expansion services in Thailand, Greater China, Malaysia, Singapore, rest of the Asia Pacific, and internationally.

Advan Group

Market Cap: JP¥29.2b

Imports and sells architectural finishing materials and housing equipment in Japan.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥26.3b

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

Soda Nikka

Market Cap: JP¥25.2b

Engages in the trading of chemicals in Japan and internationally.

Yokogawa Bridge Holdings

Market Cap: JP¥108.5b

Engages in the design, fabrication, and construction of steel structures in Japan and internationally.

Panasonic Carbon India

Market Cap: ₹2.3b

Manufactures and sells carbon rods as a component of dry cell batteries to battery manufacturers in India and internationally.

TOLI

Market Cap: JP¥34.4b

Manufactures and sells floor coverings, wallpapers, drapes, and related installation accessories in Japan and internationally.

Chugai Ro

Market Cap: JP¥29.1b

Engages in the development of technologies in the thermal technology field in Japan and internationally.

Watanabe Sato

Market Cap: JP¥11.1b

Engages in contracting for paving works, civil engineering works, and related businesses in Japan.

Chien Kuo Construction

Market Cap: NT$8.4b

Engages in the construction business in Taiwan and China.

Hazama Ando

Market Cap: JP¥275.1b

Engages in construction and related business in Japan and internationally.

Rasa

Market Cap: JP¥18.7b

Trades in and supplies various products in Japan, Singapore, China, Thailand, Asia, and internationally.

Toyo Denki Seizo K.K

Market Cap: JP¥17.5b

Manufactures and sells electrical machinery and equipment for transportation, industry, ICT solutions, and related businesses in Japan and internationally.

Taisei Oncho

Market Cap: JP¥30.7b

Engages in the design and construction management of air conditioning, water supply and drainage sanitation, and electrical equipment and general building construction businesses in Japan.

Hefei Meyer Optoelectronic Technology

Market Cap: CN¥12.8b

Engages in the research, development, manufacturing, and sale of optoelectronic intelligent identification equipment in China and internationally.

Central Glass

Market Cap: JP¥100.7b

Engages in the chemical and glass businesses in Japan, Asia, Europe, and internationally.

Sanyo Trading

Market Cap: JP¥43.6b

Through its subsidiaries, engages in the rubber, chemical, green technology, industrial products, and life science businesses in Japan and internationally.

Moury Construct

Market Cap: €316.0m

Moury Construct SA, together with its subsidiaries, constructs and renovates residential and non-residential buildings in Belgium.

Burckhardt Compression Holding

Market Cap: CHF 1.6b

Manufactures and sells reciprocating compressor technologies in Europe, Africa, North America, South America, the Middle East, China, Australia, and Asia.

Gérard Perrier Industrie

Market Cap: €320.9m

Engages in design, manufacture, installation, and maintenance of electrical, electronic, automation, and instrumentation equipment in France and internationally.

Eurocell

Market Cap: UK£102.7m

Engages in manufacturing, distribution, and recycling of building products in the United Kingdom and the Republic of Ireland.

Trace Group Hold

Market Cap: €78.4m

Through its subsidiaries, engages in the infrastructure construction, rehabilitation, maintenance, design, and related activities in Bulgaria and internationally.

Russel Metals

Market Cap: CA$3.5b

Engages in the distribution of steel and other metal products in Canada and the United States.

Nippon Carbon

Market Cap: JP¥51.4b

Engages in the manufacture and sale of carbon products in Japan.

Tsubakimoto Chain

Market Cap: JP¥270.0b

Manufactures and sells chains, motion control, mobility, materials handling systems components in Japan.

Nikko

Market Cap: JP¥32.9b

Engages in the manufacture and sale of asphalt mixing and concrete batching plants in Asia.

Camel Group

Market Cap: CN¥9.6b

Manufactures and sells green lead-acid and new energy lithium-ion batteries in China and internationally.

Shanghai YongLi Belting

Market Cap: CN¥3.9b

Develops, produces, and sells conveyor belts in China and internationally.

Sanwa Holdings

Market Cap: JP¥753.1b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Mansei

Market Cap: JP¥9.9b

Provides electronic products in Japan.

Thermador Groupe

Market Cap: €629.1m

Engages in the distribution business in France and internationally.