Japanese Low Leverage High Rewards

STUDIO ALICELtd

Market Cap: JP¥35.5b

Operates children's photo studios in Japan.

Aoyama Trading

Market Cap: JP¥98.3b

Engages in the business wear, credit card, printing and media, sundry sales, repair service, franchisee, and other businesses in Japan.

TOLI

Market Cap: JP¥27.8b

Manufactures and sells floor coverings, wallpapers, drapes, and related installation accessories in Japan and internationally.

Nac

Market Cap: JP¥25.4b

Engages in the renting and sale of dust control and cleaning products, and equipment in Japan.

Cross Plus

Market Cap: JP¥7.7b

Engages in the design, production, and wholesale of apparel and general apparel goods for men, women, and kids in Japan.

Tohoku Chemical

Market Cap: JP¥3.7b

A trading company, sells pesticides, food additives, and industrial chemicals and reagents in Japan.

Tayca

Market Cap: JP¥31.2b

Manufactures and sells various industrial chemical products in Japan.

Fuji Nihon

Market Cap: JP¥26.7b

Engages in the manufacture and sale of refined sugar and sugar-related products in Japan.

Fuji

Market Cap: JP¥190.2b

Manufactures and sells machines and machine tools in Japan.

Nichia Steel Works

Market Cap: JP¥14.1b

Manufactures and sells iron and steel products in Japan.

Niitaka

Market Cap: JP¥12.8b

Manufactures and sells commercial detergents, cleaning agents, disinfectants, and bleach products in Japan.

CONVUM

Market Cap: JP¥3.1b

Engages in the manufacture and sale of pneumatic equipment in Japan and internationally.

Nittetsu Mining

Market Cap: JP¥98.3b

Engages in mining activities in Japan and internationally.

Sumitomo Osaka Cement

Market Cap: JP¥127.4b

Engages in the cement production business in Japan and internationally.

Nihon Yamamura Glass

Market Cap: JP¥22.7b

Produces and sells glass bottles and plastic closures in Japan and internationally.

Tokai Rika

Market Cap: JP¥177.2b

Engages in the manufacture and sale of human interface systems and controls, security systems, safety systems, electronics, ornaments, and home devices in Japan, North America, Asia, and internationally.

OPTEX GROUP Company

Market Cap: JP¥54.6b

Develops, manufactures, and sells security and automatic door products in Japan, the United States, Europe, and rest of Asia.

Micronics Japan

Market Cap: JP¥119.5b

Develops, manufactures, and sells body measuring instruments, semiconductor, and liquid crystal display inspection equipment worldwide.

Niterra

Market Cap: JP¥956.5b

Manufactures and sells spark plugs and related products for internal-combustion engines and technical ceramics in Japan and internationally.

Sapporo Clinical Laboratory

Market Cap: JP¥3.1b

Operates dispensing pharmacies in Japan.

Soken Chemical & Engineering

Market Cap: JP¥24.7b

Manufactures and sells acrylic pressure-sensitive adhesives, functional polymers, organic fine particles, and adhesive tapes in Japan, China, and internationally.

Seino Holdings

Market Cap: JP¥340.9b

Provides transportation services in Japan and internationally.

MedikitLtd

Market Cap: JP¥36.4b

Engages in the manufacture and sale of vascular access medical devices.

Chugai Ro

Market Cap: JP¥28.5b

Engages in the development of technologies in the thermal technology field in Japan and internationally.

Hakudo

Market Cap: JP¥24.1b

Processes and sells metal and plastic materials in Japan, China, Thailand, and Vietnam.

Sankyu

Market Cap: JP¥334.6b

Provides logistics services in Japan and internationally.

Takasago International

Market Cap: JP¥128.6b

Manufactures and sells flavors, fragrances, aroma ingredients, and other fine chemicals.

Canon Electronics

Market Cap: JP¥93.7b

Develops, produces, and sells precision machines and instruments, and electric and electronic machines and instruments in Japan, North America, Europe, Asia, and internationally.

Trust

Market Cap: JP¥7.6b

Sells pre-owned vehicles in Japan.

Ehime Bank

Market Cap: JP¥39.2b

Provides banking products and financial services in Japan.

KING

Market Cap: JP¥12.4b

Manufactures and sells textile products.

NittoseikoLtd

Market Cap: JP¥21.0b

Manufactures and sells industrial fasteners and tools, industrial machinery and precision equipment, measurement and control equipment, and medical equipment in Japan, rest of Asia, and internationally.

LINTEC

Market Cap: JP¥184.5b

Develops, manufactures, and sells adhesive-related products in Japan and internationally.

Iriso Electronics

Market Cap: JP¥54.7b

Develops, manufactures, and sells connectors in Japan, rest of Asia, Europe, and North America.

SpaceLtd

Market Cap: JP¥27.0b

Engages in the planning, design, supervision, and construction of commercial facilities in Japan.

Showa Paxxs

Market Cap: JP¥7.9b

Manufactures and sells packaging containers and materials in Japan and internationally.