Japanese Low Leverage High Rewards

Nagase

Market Cap: JP¥403.4b

Manufactures, imports/exports, and sells chemicals, plastics, electronics materials, cosmetics, and health foods worldwide.

Komatsu

Market Cap: JP¥4.5t

Manufactures and sells construction, mining, and utility equipment in Japan, the Americas, Europe, China, rest of Asia, Oceania, the Middle East, Africa, and CIS countries.

Startia HoldingsInc

Market Cap: JP¥26.2b

Engages in the IT business in Japan and internationally.

Joshin Denki

Market Cap: JP¥69.3b

Operates an electrical appliance retail and ancillary business in Japan.

Senshu ElectricLtd

Market Cap: JP¥94.5b

Trades in various cables, wires, and materials related to electrical construction work in Japan.

Dai Nippon Toryo Company

Market Cap: JP¥37.8b

Manufactures and sells coatings and jet inks in Japan and internationally.

Seiko Electric

Market Cap: JP¥31.8b

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

Oiles

Market Cap: JP¥68.2b

Manufactures and sells bearings, structural equipment, and construction equipment in Japan and internationally.

Nissin Electric

Market Cap: JP¥181.3b

Nissin Electric Co., Ltd. manufactures and sells electrical equipment and instruments in Japan, China, and internationally.

Open Up Group

Market Cap: JP¥158.9b

Engages in the dispatch of engineers to manufacturers, construction contractors, and IT companies in Japan, the United Kingdom, and internationally.

Zeria Pharmaceutical

Market Cap: JP¥93.2b

Manufactures, sells, imports, and exports pharmaceuticals, non-pharmaceutical products, veterinary pharmaceuticals, agricultural and industrial chemicals, and reagents in Japan and internationally.

Mirai IndustryLtd

Market Cap: JP¥54.6b

Engages in the manufacture and sale of electrical equipment materials, water supply and drainage equipment materials, and gas equipment materials in Japan.

KUWAZAWA Holdings

Market Cap: JP¥9.2b

Provides construction materials and works in Japan.

TDC SOFT

Market Cap: JP¥64.3b

Provides IT consulting services in Japan.

Mory Industries

Market Cap: JP¥39.0b

Manufactures and sells stainless steel and welded carbon steel products in Japan.

OLBA HEALTHCARE HOLDINGS

Market Cap: JP¥12.1b

Operates as a distributor of medical equipment and pharmaceuticals in Japan.

Izumi

Market Cap: JP¥211.4b

Operates general merchandise stores in Japan.

Toagosei

Market Cap: JP¥177.7b

Manufactures chemical products.

MCJ

Market Cap: JP¥152.1b

Engages in the PC related and entertainment businesses in Japan, Europe, and internationally.

Retail Partners

Market Cap: JP¥57.0b

Manages and operates supermarkets in Japan.

Mitani Sangyo

Market Cap: JP¥34.1b

Engages in chemicals, resin, electronics, information systems, air conditioning systems, housing equipment, energy businesses in Japan and internationally.

Fuji Seal International

Market Cap: JP¥165.5b

Engages in planning, proposal, development, manufacturing, and sales of packaging systems.

Weathernews

Market Cap: JP¥81.6b

Engages in the provision of weather services in Japan, Asia, Europe, and America.

Riskmonster.com

Market Cap: JP¥3.9b

Provides credit management and ASP cloud services in Japan.

Rix

Market Cap: JP¥30.3b

Manufactures and sells machinery and equipment, measuring instruments, and consumables for steel, automobiles, electronics, semiconductors, rubber and tires, machine tools, environment, pulp and paper, ship building, medicine, high-function materials, and food industries in Japan.

Digital Information Technologies

Market Cap: JP¥39.6b

Operates as an information services company.

Seiko Epson

Market Cap: JP¥642.5b

Develops, manufactures, sells, and provides services for products in the printing solutions, visual communications, manufacturing-related and wearables, and other businesses.

INTAGE HOLDINGS

Market Cap: JP¥68.4b

Operates as a marketing research company in Japan and internationally.

Chofu Seisakusho

Market Cap: JP¥69.0b

Manufactures and sells home appliances in Japan, Europe, North America, and Oceania.

MarkLines

Market Cap: JP¥19.7b

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

Osaka Gas

Market Cap: JP¥2.1t

Provides gas, electricity, and other energy products and services in Japan and internationally.

TOCALOLtd

Market Cap: JP¥131.5b

Develops surface modifying technologies in Japan and internationally.

Life

Market Cap: JP¥222.6b

Engages in the supermarket chain in Japan.

Core

Market Cap: JP¥29.4b

Provides information and communication technology services in Japan.

artience

Market Cap: JP¥170.4b

Engages in the colorants and functional materials, polymers and coatings, printing and information, and packaging materials businesses in Japan, Europe, Asia, the Americas, and internationally.

Synclayer

Market Cap: JP¥3.3b

Provides system integration services for CATV network in Japan.