Global Capital Goods Low Leverage High Rewards

SHO-BOND HoldingsLtd

Market Cap: JP¥252.6b

Engages in repairing and reinforcing social infrastructures in Japan.

Sonec

Market Cap: JP¥7.7b

Engages in the general construction business.

Sanwa Holdings

Market Cap: JP¥693.9b

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

Kikusui Chemical Industries

Market Cap: JP¥4.9b

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

Tanabe Engineering

Market Cap: JP¥23.4b

Engages in plant construction and machinery production activities in Japan.

Yahagi ConstructionLtd

Market Cap: JP¥79.5b

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

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥28.7b

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

NippiIncorporated

Market Cap: JP¥33.4b

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

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.

Yokogawa Bridge Holdings

Market Cap: JP¥109.9b

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

Soda Nikka

Market Cap: JP¥24.8b

Engages in the trading of chemicals in Japan and internationally.

Advan Group

Market Cap: JP¥29.4b

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

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.

Balmer Lawrie Investments

Market Cap: ₹16.0b

Engages in the industrial packaging, logistic and infrastructure, refinery and oil field, and travel and vacation businesses in India.

Hashimoto Sogyo HoldingsLtd

Market Cap: JP¥26.0b

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

TOLI

Market Cap: JP¥34.8b

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

Chugai Ro

Market Cap: JP¥30.7b

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

Chien Kuo Construction

Market Cap: NT$8.1b

Engages in the construction business in Taiwan and China.

Rasa

Market Cap: JP¥18.7b

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

Hazama Ando

Market Cap: JP¥272.8b

Engages in construction and related business in Japan and internationally.

Watanabe Sato

Market Cap: JP¥11.4b

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

Hefei Meyer Optoelectronic Technology

Market Cap: CN¥14.1b

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

Russel Metals

Market Cap: CA$3.3b

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

Moury Construct

Market Cap: €308.1m

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

Eurocell

Market Cap: UK£102.2m

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

Trace Group Hold

Market Cap: €79.9m

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

Moriya

Market Cap: JP¥11.0b

Operates as a general construction company in Japan.

Chudenko

Market Cap: JP¥243.3b

Operates as an equipment engineering company in Japan.

Nikko

Market Cap: JP¥32.5b

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

Gérard Perrier Industrie

Market Cap: €317.9m

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

Thermador Groupe

Market Cap: €627.3m

Engages in the distribution business in France and internationally.

Tsubakimoto Chain

Market Cap: JP¥258.3b

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

Shanghai YongLi Belting

Market Cap: CN¥4.2b

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

Nippon Carbon

Market Cap: JP¥52.0b

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

Camel Group

Market Cap: CN¥10.8b

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

Kumagai GumiLtd

Market Cap: JP¥243.2b

Operates as a construction company in Japan and internationally.