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.

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.

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¥108.5b

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

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.

Hazama Ando

Market Cap: JP¥275.1b

Engages in construction and related business in Japan and internationally.

Chien Kuo Construction

Market Cap: NT$8.4b

Engages in the construction business in Taiwan and China.

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.

Rasa

Market Cap: JP¥18.7b

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

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.

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.

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.