Japanese Low Leverage High Rewards

Ryoden

Market Cap: JP¥76.1b

Sells factory automation (FA) systems, cooling and heating systems, information and communication technologies (ICT), building systems, smart-agri, green network, healthcare, and electronics businesses in Japan and internationally.

Computer Institute of Japan

Market Cap: JP¥29.3b

Provides system development and related services in Japan.

Inpex

Market Cap: JP¥3.7t

Engages in the research, exploration, development, production, and sale of oil, natural gas, and other mineral resources in Japan and internationally.

Tsumura

Market Cap: JP¥301.2b

Engages in the production and sale of Kampo extract intermediates and granular Kampo formulations in Japan and internationally.

HABA LaboratoriesInc

Market Cap: JP¥6.3b

Manufactures and sells skin care, and hair and body care products in Japan and internationally.

K's Holdings

Market Cap: JP¥244.7b

Operates consumer electronics stores in Japan.

Sugita AceLtd

Market Cap: JP¥9.2b

Engages in the wholesale of architectural hardware and general construction-related materials to hardware retailers, building material trading companies, metal construction companies, and other businesses in Japan.

Computer Engineering & Consulting

Market Cap: JP¥77.2b

Engages in digital industry and system integration businesses in Japan.

Nippon Kanryu Industry

Market Cap: JP¥4.6b

Engages in the construction business.

Punch Industry

Market Cap: JP¥13.7b

Manufactures and sells mold and die components in Japan and internationally.

JTEC

Market Cap: JP¥1.9b

Engages in the technical staff intellectual property leasing business for engineers in Japan and internationally.

SEMITEC

Market Cap: JP¥22.8b

Engages in the manufacture and sale of electronic components in Japan and internationally.

NCS&A

Market Cap: JP¥24.9b

Provides various IT services in Japan.

Shin-Etsu PolymerLtd

Market Cap: JP¥161.0b

Develops and supplies PVC and semiconductor silicone products worldwide.

Sun A.Kaken CompanyLimited

Market Cap: JP¥7.5b

Manufactures and sells packaging material-related products in Japan.

Honeys Holdings

Market Cap: JP¥42.3b

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

Seiko Electric

Market Cap: JP¥31.5b

Operates in the field of power system, and environmental energy and control system in Japan.

USS

Market Cap: JP¥807.8b

Operates and manages used vehicle auction sites in Japan.

Yamaya

Market Cap: JP¥23.8b

Primarily engages in the retail sale of alcoholic beverages and food products through stores and mail order in Japan.

UEKI

Market Cap: JP¥17.2b

Provides construction services in Japan.

Unicharm

Market Cap: JP¥1.5t

Engages in the manufacturing and sale of care-related and pet care-related products in Japan and internationally.

Ku HoldingsLtd

Market Cap: JP¥40.5b

Operates as a dealer of new and used cars in Japan.

Fujikura Kasei

Market Cap: JP¥17.9b

Provides various coatings and painting materials in Japan and internationally.

Tose

Market Cap: JP¥4.8b

Plans, develops, and operates home video game software, and mobile content in Japan.

TACHI-S

Market Cap: JP¥72.2b

Manufactures and sells automotive seats and seat parts in Japan, the United States, Mexico, rest of North America, Central and South America, Southeast Asia, China, Europe, and internationally.

Daihatsu Infinearth Mfg.Co.Ltd

Market Cap: JP¥66.1b

Manufactures and sells marine engines, land engines, and industrial instruments in Japan, China, the Rest of Asia, Central America, South America, and internationally.

Shirai Electronics Industrial

Market Cap: JP¥10.0b

Manufactures printed circuit visual inspection machine boards in Japan and internationally.

Itochu EnexLtd

Market Cap: JP¥211.8b

Engages in the sale of petroleum products and liquefied petroleum gas (LPG), electricity, heat supply, vehicle sales in Japan and internationally.

Look Holdings

Market Cap: JP¥19.8b

Engages in the apparel related, production and OEM, and logistics businesses in Japan, Korea, Europe, Hong Kong, China, and the United States.

Okumura

Market Cap: JP¥219.9b

Engages in construction and related businesses in Japan.

Suzuden

Market Cap: JP¥20.9b

Engages in purchasing and selling products related to electrical and electronic components in Japan.

Topy Industries

Market Cap: JP¥67.0b

Engages in the steel, automotive, industrial machinery components, and other businesses in Japan.

Ochi Holdings

Market Cap: JP¥18.7b

Through its subsidiaries, engages in building materials business in Japan.

Godo Steel

Market Cap: JP¥55.4b

Manufactures and sells steel products in Japan.

Japan Transcity

Market Cap: JP¥70.7b

Engages in logistics business in Japan and internationally.

Watanabe Sato

Market Cap: JP¥11.4b

Engages in contracting for paving works, civil engineering works, and related businesses in Japan.