Japanese Low Leverage High Rewards

ShinMaywa Industries

Market Cap: JP¥136.1b

Engages in the manufacture and sale of work vehicles in Japan, Asia, North America, and internationally.

TamronLtd

Market Cap: JP¥186.1b

Manufactures and sells optical equipment in Japan, North America, Europe, and Asia.

Cawachi

Market Cap: JP¥80.3b

Manages drugstores in Japan.

Parker

Market Cap: JP¥34.2b

Provides product development, manufacturing, sales, and technical services for industrial fine chemicals, sealing materials and adhesives, soundproofing materials, machinery and equipment in Japan and internationally.

Alfresa Holdings

Market Cap: JP¥399.4b

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

Daisan

Market Cap: JP¥3.4b

Plans, designs, manufactures, and sells construction hardware, temporary equipment and other related services in Japan.

Noritsu Koki

Market Cap: JP¥217.0b

Manufactures and sells audio equipment and peripheral products in Japan, China, the United States, Europe, Central and South America, the Middle East, Africa, and internationally.

SHIMAMURA

Market Cap: JP¥687.9b

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

Mitsuboshi Belting

Market Cap: JP¥110.1b

Manufactures and sells belts, construction materials, etc.

SEMITEC

Market Cap: JP¥19.5b

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

Eco'sLtd

Market Cap: JP¥25.8b

Operates a chain of food supermarkets in Japan.

Nichiban

Market Cap: JP¥38.2b

Develops, manufactures, and sells medical products and tapes in Taiwan, Asia, Europe, and internationally.

Okabe

Market Cap: JP¥40.2b

Manufactures and sells construction and civil engineering products in Japan, North America, and internationally.

Okumura

Market Cap: JP¥204.5b

Engages in construction and related businesses in Japan.

ENDO Lighting

Market Cap: JP¥35.0b

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

Dai-Dan

Market Cap: JP¥378.3b

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

Shinwa

Market Cap: JP¥43.4b

Manufactures, sells, and maintains production equipment and materials in Japan and internationally.

Yamaya

Market Cap: JP¥22.0b

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

ZACROS

Market Cap: JP¥99.3b

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

T.RAD

Market Cap: JP¥83.9b

Engages in the research and development, manufacture, and sale of heat exchangers for automobiles, construction and industrial machines, air conditioners, generators, and others in Japan, the United States, China, rest of Asia, and internationally.

IDEA ConsultantsInc

Market Cap: JP¥24.7b

Provides integrated consultancy services on social infrastructure development and environmental conservation projects in Japan and internationally.

TYK

Market Cap: JP¥29.8b

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

Cosmo Bio CompanyLimited

Market Cap: JP¥7.0b

Operates as a life science trading company worldwide.

Sato Shoji

Market Cap: JP¥58.9b

Sells iron and steel products, non-ferrous metals, machines, electronic materials, industrial tools, lifestyle goods, precious metals and jewelry, construction materials, and environment-related goods in Japan.

Tachibana Eletech

Market Cap: JP¥70.0b

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

NOK

Market Cap: JP¥462.0b

Manufactures, imports, and sells seal products, industrial mechanical parts, hydraulic and pneumatic equipment, nuclear power equipment, synthetic chemical products, and electronic and various other products in Japan and internationally.

Brother Industries

Market Cap: JP¥918.1b

Manufactures and sells communications and printing equipment in Japan, the United States, China, and internationally.

Shin Nippon Air Technologies

Market Cap: JP¥171.3b

Provides engineering systems to control air, water, heat, and other areas of air conditioning, electrical, and sanitary facilities in Japan and internationally.

Dai Nippon Toryo Company

Market Cap: JP¥38.6b

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

Daiwabo Holdings

Market Cap: JP¥305.3b

Operates as an IT infrastructure distributor in Japan.

Densan

Market Cap: JP¥12.7b

Operates as an information service company in Japan.

Topy Industries

Market Cap: JP¥59.0b

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

Artner

Market Cap: JP¥20.9b

Engages in the dispatching of engineers in Japan and internationally.

BRIDGE International Group

Market Cap: JP¥6.0b

Engages in the provision of corporate sale services in Japan.

and ST HDLtd

Market Cap: JP¥162.6b

Plans, produces, and retails clothes and sundry goods in Japan and internationally.

FUJIKURA COMPOSITES

Market Cap: JP¥48.9b

Engages in the manufacture and sale of industrial rubber components in Japan, the United States, China, and internationally.