Japanese Retail Low Leverage High Rewards

Joshin

Market Cap: JP¥89.8b

Operates an electrical appliance retail and ancillary business in Japan.

Happinet

Market Cap: JP¥134.7b

Operates as an entertainment trading company in Japan.

and ST HDLtd

Market Cap: JP¥162.4b

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

Bic Camera

Market Cap: JP¥280.9b

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

Isetan Mitsukoshi Holdings

Market Cap: JP¥1.3t

Operates department stores in Southeast Asia, China, Taiwan, the United States, and internationally.