Japanese Low Leverage High Rewards

Daito Chemix

Market Cap: JP¥9.3b

Manufactures and sells specialty and fine chemicals in Japan, South Korea, Singapore, rest of Asia, and the United States.

ZACROS

Market Cap: JP¥83.5b

Manufactures and sells products for wellness environmental solutions, electronic materials, and industrial infrastructure in Japan and internationally.

Fuji DieLtd

Market Cap: JP¥16.8b

Engages in the manufacture and sale of wear-resistant tools in Japan and internationally.

SundrugLtd

Market Cap: JP¥495.4b

Engages in the drug store business in Japan.

Ichiyoshi Securities

Market Cap: JP¥33.1b

Provides investment and advisory services in Japan.

Nippon RietecLtd

Market Cap: JP¥57.0b

Engages in the railway electrical equipment construction business in Japan.

Espec

Market Cap: JP¥73.7b

Manufactures and sells environmental test, energy device, and semiconductor-related equipment worldwide.

Taikisha

Market Cap: JP¥209.8b

Engages in the environmental systems and painting systems businesses in Japan.

Digital Holdings

Market Cap: JP¥36.1b

Provides advertising agency services in Japan and internationally.

Sanyu

Market Cap: JP¥4.1b

Produces and sells steel products in Japan.

Oie Sangyo

Market Cap: JP¥18.6b

Operates as a food trading company in Japan.

Airman

Market Cap: JP¥48.4b

Engages in the manufacture and sale of construction machinery, including construction equipment for heavy machinery and industrial machinery in Japan and internationally.

Aichi Steel

Market Cap: JP¥189.6b

Manufactures and sells steel materials, forged products, electronic functional materials and components, and magnetic products in Japan, the United States, Thailand, China, and internationally.

Cocolonet

Market Cap: JP¥4.4b

Provides funeral services in Japan.

Alfresa Holdings

Market Cap: JP¥442.4b

Through its subsidiaries, engages in the manufacture, wholesale, marketing, and import/export of pharmaceuticals, diagnostic reagents, and medical devices/equipment in Japan and internationally.

Nitta

Market Cap: JP¥115.8b

Engages in the provision of power transmission belts, conveyor belts and units, and other products in Japan and internationally.

Daito PharmaceuticalLtd

Market Cap: JP¥40.1b

Engages in the manufacture and sale of pharmaceutical products in Japan and internationally.

Carlit

Market Cap: JP¥43.8b

Through its subsidiaries, engages in the manufacture and sale of industrial explosives.

RACCOON HOLDINGS

Market Cap: JP¥12.5b

RACCOON HOLDINGS, Inc. creates and provides infrastructure BtoB transactions in Japan.

Nisshin Seifun Group

Market Cap: JP¥541.8b

Through its subsidiaries, engages in the flour milling, processed foods, prepared dishes and other prepared foods, and other businesses in Japan and internationally.

Dai-Dan

Market Cap: JP¥323.9b

Engages in the design, supervision, and construction of electrical, air conditioning, water hygiene, and firefighting facilities works and machinery in Japan.

ASKA Pharmaceutical HoldingsLtd

Market Cap: JP¥57.4b

Through its subsidiaries, engages in the pharmaceutical, animal health, and other businesses in Japan.

SHIMAMURA

Market Cap: JP¥775.5b

Engages in the sale of clothing and fashion related products in Japan and Taiwan.

Canon Marketing Japan

Market Cap: JP¥745.9b

Engages in the marketing and sale of Canon products and related solutions in Japan.

Starts

Market Cap: JP¥233.4b

Engages in the construction, real estate management, and tenant recruitment in Japan and internationally.

Mitsuboshi Belting

Market Cap: JP¥108.5b

Manufactures and sells belts, construction materials, etc.

Kogi

Market Cap: JP¥4.1b

Manufactures and sells casting roll-related products, environmental equipment, and friction materials in Japan and internationally.

Gun Ei Chemical Industry

Market Cap: JP¥26.6b

Manufactures and sells synthetic resins and fibers in Japan and internationally.

ENDO Lighting

Market Cap: JP¥35.5b

Plans, designs, manufactures, and sells light fixtures in Japan and internationally.

TYK

Market Cap: JP¥25.4b

Engages in the manufacture and sale of functional refractories and ceramics worldwide.

Glory

Market Cap: JP¥223.4b

Develops, manufactures and sells cash handling machines in Japan, the United States, Europe, and Asia.

Arigatou Services Company

Market Cap: JP¥3.2b

Manages reuse stores and fast food restaurants.

i-mobileLtd

Market Cap: JP¥27.1b

Engages in the Internet advertising business in Japan.

Tachibana Eletech

Market Cap: JP¥70.3b

Operates as a technology-driven trading company in Japan and internationally.

Hosokawa Micron

Market Cap: JP¥80.1b

Provides powder and plastic processing equipment in Japan, the Americas, Europe, Asia, and internationally.

Toyo Tanso

Market Cap: JP¥100.7b

Produces and sells carbon materials in Japan and internationally.