Global Retail Low Leverage High Rewards

EDION

Market Cap: JP¥198.7b

Operates as a home appliance retailer in Japan.

Honeys Holdings

Market Cap: JP¥45.2b

Engages in the planning, manufacture, and wholesale of women’s clothing and accessories.

I.A Group

Market Cap: JP¥4.9b

Engages in the car parts business in Japan.

SHIMAMURA

Market Cap: JP¥699.2b

Engages in the sale of clothing and fashion related products in Japan and Taiwan.

Harima-KyowaLTD

Market Cap: JP¥11.1b

Engages in the wholesale of daily necessities, cosmetics, and toiletries in Japan.

Munsin Garment

Market Cap: NT$3.2b

Manufactures and trades in various ready-made garments, knitwear, and fabrics in Taiwan.

Zhejiang China Commodities City Group

Market Cap: CN¥84.1b

Through its subsidiaries develops, manages, and operates a service online trading platform in China.

Carlo Rino Group Berhad

Market Cap: RM 161.3m

An investment holding company, designs, promotes, markets, distributes, and retails women's footwear, handbags, and accessories under the Carlo Rino brand in Malaysia.

Jumbo

Market Cap: €3.7b

Engages in the retail sale of toys, baby products, gift articles, household products, stationery, seasonal and decoration items, books, and related products primarily in Greece, Cyprus, Bulgaria, and Romania.

HIMARAYALtd

Market Cap: JP¥10.4b

Engages in the retail of sporting goods in Japan.

International Conglomerate of Distribution for Automobile Holdings

Market Cap: JP¥7.0b

International Conglomerate of Distribution for Automobile Holdings Co., Ltd.

Adastria

Market Cap: JP¥134.8b

Plans, produces, and retails clothes and sundry goods in Japan.

Isetan Mitsukoshi Holdings

Market Cap: JP¥671.6b

Engages in the department store business in Japan and internationally.

Happinet

Market Cap: JP¥117.4b

Operates as an entertainment trading company in Japan.

Felissimo

Market Cap: JP¥5.7b

Engages in digital marketing business in Japan.