Global Media Low Leverage High Rewards

MarkLines

Market Cap: JP¥20.6b

Operates an automotive industry portal in Japan, China, the rest of Asia, North America, Europe, and internationally.

MIXI

Market Cap: JP¥216.5b

Engages in the sports, digital entertainment, lifestyle, and investment businesses in Japan.

Hakuten

Market Cap: JP¥11.1b

Engages in the experience marketing business in Japan.

Zhejiang Daily Digital Culture GroupLtd

Market Cap: CN¥14.0b

Operates as an internet digital cultural company in China and internationally.

Cairo Communication

Market Cap: €284.8m

Operates as a communication company in Italy and Spain.

Scholastic

Market Cap: US$784.5m

Scholastic Corporation, together with its subsidiaries, publishes and distributes children’s books in the United States, Canada, the United Kingdom, Ireland, Australia, New Zealand, Asia, and internationally.

Yellow Pages

Market Cap: CA$155.3m

Through its subsidiaries, provides digital and print media, and marketing solutions to small and medium-sized enterprises in Canada.

IMS

Market Cap: zł86.9m

Primarily provides sensory marketing services in Poland.

Autotrader Group

Market Cap: UK£4.2b

Operates an automotive platform in the United Kingdom.

African Media Entertainment

Market Cap: R489.9m

Engages in radio broadcasting, media integration, and publications activities in South Africa.

Soft-World International

Market Cap: NT$14.9b

Develops, operates, and distributes games in Taiwan and China.

GMO Media

Market Cap: JP¥6.8b

Together with its subsidiary, GMO Beauty, Inc., engages in the media, solutions, and content businesses in Japan, Singapore, and internationally.

Cheil Worldwide

Market Cap: ₩1.9t

Provides various marketing and advertising solutions worldwide.

Asahi Broadcasting Group Holdings

Market Cap: JP¥34.3b

Engages in television and radio broadcasting activities in Japan and internationally.

Ray

Market Cap: JP¥7.5b

Engages in the video production business in Japan.

Gendai Agency

Market Cap: JP¥5.3b

Engages in planning and production of advertising and promotion services in Japan.

NIFTY Lifestyle

Market Cap: JP¥8.7b

Provides action support platforms and solutions in Japan.

Rightmove

Market Cap: UK£3.8b

Operates property portal in the United Kingdom and internationally.

Hacksaw

Market Cap: SEK 23.8b

Operates as a B2B technology platform and game development company in Sweden and Czech Republic.

Avex

Market Cap: JP¥52.8b

An entertainment company, engages in the music, artist management, animation, visual content, and other businesses in Japan.

J-Stream

Market Cap: JP¥8.8b

Engages in the internet video distribution business in Japan.

Jiangsu Phoenix Publishing & Media

Market Cap: CN¥23.4b

Engages in the editing, publishing, and distribution of books, newspapers, electronic publications, and audio-visual products in China.

Sun TV Network

Market Cap: ₹191.0b

Engages in producing and broadcasting satellite television and radio software programming in the regional languages.

D. B

Market Cap: ₹37.7b

Engages in the business of publishing newspapers, radio broadcasting, and digital platforms for news and event management in India and internationally.

Koei Tecmo Holdings

Market Cap: JP¥556.6b

Operates as an entertainment company in Japan, North America, Europe, Asia, and internationally.

HS Ad

Market Cap: ₩112.3b

Operates as an advertising and marketing communications company in Korea and internationally.

NZME

Market Cap: NZ$203.2m

Engages in the integrated media and entertainment business in New Zealand.

Seni Jaya Corporation Berhad

Market Cap: RM 133.3m

An investment holding company, provides media and production services for indoor and outdoor advertising in Malaysia.

Chuco

Market Cap: JP¥3.6b

Engages in the magazine business in Japan.

Tongdao Liepin Group

Market Cap: HK$1.1b

An investment holding company, provides talent acquisition services in the People’s Republic of China.

Pico Far East Holdings

Market Cap: HK$2.9b

An investment holding company, engages in the brand experience activation; meeting architecture activation; museum and themed entertainment; and related businesses.

Macbee Planet

Market Cap: JP¥15.6b

Engages in the advertising business in Japan.

Grupo Clarín

Market Cap: AR$401.5b

Operates in the media industry in Argentina an Internationally.

Audience Analytics

Market Cap: S$56.1m

Audience Analytics Limited creates content and brands in Singapore, Cambodia, China, Hong Kong, India, Indonesia, Macau, Malaysia, the Philippines, South Korea, Sri Lanka, Taiwan, Thailand, the United Arab Emirates, and Vietnam.

S Chand

Market Cap: ₹4.9b

An education content company, engages in the publishing of books in India.

G-bits Network Technology (Xiamen)

Market Cap: CN¥28.0b

G-bits Network Technology (Xiamen) Co., Ltd.