Japanese Low Leverage High Rewards

Daito Chemix

Market Cap: JP¥9.2b

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

Mutoh Holdings

Market Cap: JP¥12.7b

Develops, manufactures, sells, maintains, and services information imaging equipment worldwide.

Riso Kagaku

Market Cap: JP¥78.9b

Operates in the printing equipment, real estate, and other businesses in Japan and internationally.

SAXA

Market Cap: JP¥33.9b

Through its subsidiaries, develops, manufactures, and sells equipment and parts for information and communication systems in Japan.

Kita-Nippon Bank

Market Cap: JP¥36.0b

Engages in the provision of commercial banking products and services in Japan.

Brother Industries

Market Cap: JP¥787.2b

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

Hamamatsu Photonics K.K

Market Cap: JP¥493.1b

Manufactures and sells photomultiplier tubes, imaging devices, light sources, opto-semiconductors, and imaging and analyzing systems in Japan and internationally.

Nippon Kodoshi

Market Cap: JP¥32.9b

Manufactures and sells separators in Japan and internationally.

FAN Communications

Market Cap: JP¥34.7b

Develops Internet advertising related businesses in Japan.

ExtremeLtd

Market Cap: JP¥7.6b

Engages in the digital human resource, contract development, and content property businesses in Japan.

Shin Nippon Air Technologies

Market Cap: JP¥147.7b

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

Daiwabo Holdings

Market Cap: JP¥270.7b

Operates as an IT infrastructure distributor in Japan.

ZACROS

Market Cap: JP¥83.4b

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

Konoike TransportLtd

Market Cap: JP¥165.7b

Engages in logistics business in Japan and internationally.

Hosokawa Micron

Market Cap: JP¥79.3b

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

Kogi

Market Cap: JP¥4.1b

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

EIZO

Market Cap: JP¥88.1b

Designs, develops, manufactures, and sells visual display systems, amusement monitors, and imaging system software in Japan and internationally.

Okura Industrial

Market Cap: JP¥55.2b

Manufactures and sells polyethylene and polypropylene products in Japan.

Gun Ei Chemical Industry

Market Cap: JP¥26.6b

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

Takara StandardLtd

Market Cap: JP¥185.0b

Manufactures and sells housing equipment and fixtures in Japan.

Starts

Market Cap: JP¥236.0b

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

Cocolonet

Market Cap: JP¥4.3b

Provides funeral services in Japan.

Airman

Market Cap: JP¥47.7b

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¥185.7b

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

Digital Holdings

Market Cap: JP¥36.1b

Provides advertising agency services in Japan and internationally.

Oie Sangyo

Market Cap: JP¥18.5b

Operates as a food trading company in Japan.

Taikisha

Market Cap: JP¥212.3b

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

Glory

Market Cap: JP¥221.4b

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

Alfresa Holdings

Market Cap: JP¥443.6b

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

i-mobileLtd

Market Cap: JP¥27.2b

Engages in the Internet advertising business in Japan.

Daito PharmaceuticalLtd

Market Cap: JP¥40.2b

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

Pegasus

Market Cap: JP¥19.0b

Manufactures and sells industrial sewing machines in Japan, China, Bangladesh, rest of Asia, the United States, Europe, and internationally.

Tokyo Soir

Market Cap: JP¥3.8b

Manufactures and sells women’s formal wear and accessories in Japan.

SundrugLtd

Market Cap: JP¥504.8b

Engages in the drug store business in Japan.

RACCOON HOLDINGS

Market Cap: JP¥12.5b

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

ASKA Pharmaceutical HoldingsLtd

Market Cap: JP¥57.9b

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