Japanese Low Leverage High Rewards

NCD

Market Cap: JP¥24.7b

Engages in the system development, support and service, and parking system businesses in Japan.

Sonec

Market Cap: JP¥10.1b

Engages in the general construction business.

Business Brain Showa-Ota

Market Cap: JP¥38.5b

Provides consulting and systems development, and business management services in Japan.

Globeride

Market Cap: JP¥48.8b

Manufactures and sells sports and leisure products in Japan, the United States, Europe, Asia, and Oceania.

Yamato Kogyo

Market Cap: JP¥646.4b

Through its subsidiaries, engages in the manufacture and sale of steel products in Japan and internationally.

Torigoe

Market Cap: JP¥26.1b

Manufactures and sells flours and related products in Japan.

CAC Holdings

Market Cap: JP¥35.1b

Through its subsidiaries, provides information technology (IT) services in Japan and internationally.

Kyoritsu Electric

Market Cap: JP¥19.6b

Provides various systems, testing and measuring instruments, etc.

GakkyushaLtd

Market Cap: JP¥25.9b

Operates and manages cram schools in Japan.

Aica Kogyo Company

Market Cap: JP¥218.0b

Manufactures and sells chemical products in Japan, China, rest of Asia, Oceania, and internationally.

Nihon Tokushu Toryo

Market Cap: JP¥50.8b

Provides automotive products and paints and coatings in Japan, rest of Asia, and internationally.

AiphoneLtd

Market Cap: JP¥47.2b

Manufactures and sells telecommunications equipment for facilities, offices, and public facilities under the AIPHONE brand name in Japan and internationally.

Maezawa Kyuso IndustriesLtd

Market Cap: JP¥31.7b

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

Zenrin

Market Cap: JP¥55.5b

Engages in the collection and management of a range of geospatial information worldwide.

DN HoldingsLtd

Market Cap: JP¥16.9b

Engages in the construction consulting and geological survey businesses in Japan.

NippiIncorporated

Market Cap: JP¥37.3b

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

Showa Shinku

Market Cap: JP¥9.1b

Produces and sells vacuum equipment and components for quartz devices, optical thin films, and electronic devices in Japan, China, Taiwan, and internationally.

CDSLtd

Market Cap: JP¥12.4b

Engages in the documentation, engineering, and technology system businesses in Japan.

Tein

Market Cap: JP¥3.8b

Designs, develops, manufactures, and sells auto parts and suspension products in Japan and internationally.

Tanabe Engineering

Market Cap: JP¥26.6b

Engages in plant construction and machinery production activities in Japan.

CreoLtd

Market Cap: JP¥9.4b

Engages in the development of information processing systems and provision of related services in Japan.

Soda Nikka

Market Cap: JP¥24.0b

Engages in the trading of chemicals in Japan and internationally.

TOA

Market Cap: JP¥48.1b

Manufactures and sells broadcasting, communications, and transmission equipment in Japan.

Ono Pharmaceutical

Market Cap: JP¥1.0t

Produces, purchases, and sells pharmaceuticals and diagnostic reagents worldwide.

PRAP Japan

Market Cap: JP¥4.9b

Operates as a public relations consultancy company in Japan.

Toyo TecLtd

Market Cap: JP¥16.5b

Provides security services in Japan.

WIN-Partners

Market Cap: JP¥36.9b

Through its subsidiaries, distributes medical devices to medical institutions primarily in Japan.

Forval TelecomInc

Market Cap: JP¥9.6b

Provides various telecommunications carrier services in Japan.

Airport Facilities

Market Cap: JP¥50.7b

Engages in the real estate, area heating and cooling, water supply and drainage service, and other businesses in Japan.

UNIRITA

Market Cap: JP¥14.8b

Provides software and solutions for information technology (IT) systems operation in Japan and internationally.

Tosoh

Market Cap: JP¥725.4b

Manufactures and sells basic chemicals, petrochemicals, specialty products, and fine chemicals.

Tokai ElectronicsLtd

Market Cap: JP¥6.0b

Develops and sells electronic components and related products in Japan, Asia, North America, and internationally.

Futaba Industrial

Market Cap: JP¥95.5b

Manufactures and sells automotive parts, equipment for external sales, and agricultural equipment in Japan and internationally.

SuzukiLtd

Market Cap: JP¥33.6b

Manufactures and sells connectors for car electronics parts in Japan.

FTGroup

Market Cap: JP¥37.2b

Engages in the network infrastructure business in Japan.

Eagle IndustryLtd

Market Cap: JP¥127.0b

Manufactures, markets, and sells mechanical seals, special valves, and other sealed products in Japan and internationally.