Japanese Low Leverage High Rewards

STUDIO ALICELtd

Market Cap: JP¥35.5b

Operates children's photo studios in Japan.

SpaceLtd

Market Cap: JP¥27.0b

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

Havix

Market Cap: JP¥3.7b

Engages in the non-woven fabric and paper related businesses in Japan.

Fuji

Market Cap: JP¥190.2b

Manufactures and sells machines and machine tools in Japan.

Fuji Nihon

Market Cap: JP¥26.7b

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

Nichia Steel Works

Market Cap: JP¥14.1b

Manufactures and sells iron and steel products in Japan.

KING

Market Cap: JP¥12.4b

Manufactures and sells textile products.

Showa Paxxs

Market Cap: JP¥7.9b

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

Wesco Holdings

Market Cap: JP¥8.9b

Engages in general construction consulting business in Japan.

Elecom

Market Cap: JP¥125.5b

Engages in the development, manufacturing, and sale of personal computers and digital equipment related products in Japan and internationally.

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.

Computer Institute of Japan

Market Cap: JP¥26.5b

Provides system development and related services in Japan.

AS ONE

Market Cap: JP¥160.3b

Engages in the sale of research instruments and equipment, nursing and care products, and other scientific instruments in Japan and internationally.

Toyo Seikan Group Holdings

Market Cap: JP¥393.6b

Manufactures and sells packaging containers in Japan and internationally.

Amano

Market Cap: JP¥300.6b

Provides time information, parking, environmental, and cleaning systems in Japan and internationally.

SAKURA KCS

Market Cap: JP¥12.4b

Provides information services in Japan.

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.

Tokai ElectronicsLtd

Market Cap: JP¥5.2b

Develops and sells electronic devices, semiconductor devices, and high-performance materials in Japan and internationally.

Endo Manufacturing

Market Cap: JP¥10.4b

Manufactures and sells golf club heads, metal sleeve products, forged components, and medical devices in Japan and internationally.

Seikagaku

Market Cap: JP¥38.6b

Manufactures and sells pharmaceuticals and medical devices primarily related to glycoconjugates in Japan and internationally.The company operates in two segments, Pharmaceuticals and LAL Business.

Kikusui Holdings

Market Cap: JP¥10.4b

Designs, manufactures, imports, exports, and sells electronic measuring instruments, industrial power supplies, and software products in Japan and internationally.

K's Holdings

Market Cap: JP¥219.9b

Operates consumer electronics stores in Japan.

Pacific Industrial

Market Cap: JP¥71.7b

Manufactures and sells automotive and electronic equipment parts in Japan and internationally.

GMO GlobalSign Holdings K.K

Market Cap: JP¥26.0b

Engages in the development and operation of hosting services, security services, and various other internet solutions in Japan and internationally.

HeiwadoLtd

Market Cap: JP¥133.8b

Engages in the retailing of food, clothing, and housing related products in Japan.

Mitsuchi

Market Cap: JP¥3.2b

Manufactures, delivers, and sells custom fasteners for automotive components in Japan.

HABA LaboratoriesInc

Market Cap: JP¥6.6b

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

SanseiLtd

Market Cap: JP¥3.0b

Designs, manufactures, installs, rents, maintains, and sells washing gondola for cleaning windows in mid and high-rise buildings in Japan.

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.

Seino Holdings

Market Cap: JP¥340.9b

Provides transportation services in Japan and internationally.

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.

MedikitLtd

Market Cap: JP¥36.4b

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

InterspaceLtd

Market Cap: JP¥5.8b

Engages in the provision of internet advertising and media services in Japan, Indonesia, Thailand, Vietnam, Singapore, and Malaysia.