Japanese Low Leverage High Rewards

ShinMaywa Industries

Market Cap: JP¥87.2b

Engages in the manufacture and sale of transportation equipment in Japan, Asia, North America, and internationally.

KVK

Market Cap: JP¥15.0b

Manufactures and sells faucets in Japan.

Sun A.Kaken CompanyLimited

Market Cap: JP¥5.5b

Manufactures and sells packaging material-related products in Japan.

Nozawa

Market Cap: JP¥9.7b

Manufactures and sells extruded cement panels in Japan.

Naigai Trans Line

Market Cap: JP¥39.5b

Provides integrated logistics services by ship in Japan, rest of Asia, and internationally.

IKK Holdings

Market Cap: JP¥22.6b

Engages in the wedding, nursing care, food, financial, photography, and matrimonial matchmaking businesses in Japan.

Hamamatsu Photonics K.K

Market Cap: JP¥395.3b

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

Okamoto Machine Tool Works

Market Cap: JP¥23.3b

Manufactures and sells grinding machines, semiconductor, gear, and casting equipment in Japan and internationally.

TamronLtd

Market Cap: JP¥129.3b

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

JTEC

Market Cap: JP¥2.0b

Engages in technical staff intellectual property leasing business for engineers in Japan and internationally.

Honeys Holdings

Market Cap: JP¥44.7b

Engages in the planning, manufacture, and wholesale of women’s clothing and accessories.

S Foods

Market Cap: JP¥82.9b

A meat company, engages in manufacture, wholesaling, retailing, and food servicing of meat-related food products in Japan.

ASKA Pharmaceutical HoldingsLtd

Market Cap: JP¥65.2b

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

NOK

Market Cap: JP¥322.0b

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.

Pegasus

Market Cap: JP¥11.6b

Manufactures and sells industrial sewing machines worldwide.

Sumitomo Bakelite

Market Cap: JP¥293.4b

Engages in the research and development, manufacture and sale of semiconductor materials, plastic products, and life products in Japan and internationally.

Ai Holdings

Market Cap: JP¥111.7b

Provides security and peripheral computer equipment, measuring devices, and card and other office equipment.

Dai Nippon Toryo Company

Market Cap: JP¥35.5b

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

Espec

Market Cap: JP¥49.7b

Manufactures and sells environmental test chambers worldwide.

Daisan

Market Cap: JP¥3.4b

Develops, manufactures, assembles, and sells scaffolding equipment for temporary construction and other related services in Japan.

I.A Group

Market Cap: JP¥4.7b

Engages in the car parts business in Japan.

Yamashin-Filter

Market Cap: JP¥37.0b

Operates as a filter manufacturer.

Fumakilla

Market Cap: JP¥18.0b

Manufactures, sells, imports, and exports household, gardening, and business products worldwide.

transcosmos

Market Cap: JP¥118.6b

Provides business outsourcing services in Japan and internationally.

Riso Kagaku

Market Cap: JP¥79.1b

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

Nippon Kodoshi

Market Cap: JP¥18.9b

Manufactures and sells separators in Japan and internationally.

PIXTA

Market Cap: JP¥1.6b

Operates an online marketplace site of stock photos, illustrations, vectors, and footage in Japan.

SundrugLtd

Market Cap: JP¥553.7b

Operates and manages drug stores and dispensing pharmacies in Japan.

SHIMAMURA

Market Cap: JP¥684.8b

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

Japan Tobacco

Market Cap: JP¥7.9t

A tobacco company, manufactures and sells tobacco products, pharmaceuticals, and processed foods in Japan and internationally.

Ochi Holdings

Market Cap: JP¥17.8b

Through its subsidiaries, trades in building materials in Japan.

Canon Marketing Japan

Market Cap: JP¥548.0b

Canon Marketing Japan Inc. markets and sells Canon products and related solutions in Japan.

Harima-KyowaLTD

Market Cap: JP¥10.9b

Engages in the wholesale of daily necessities, cosmetics, and toiletries in Japan.

MEC

Market Cap: JP¥45.3b

Engages in the research and development, production, and sale of chemicals, equipment, and related materials used in the production of printed circuit boards in Japan, Taiwan, Hong Kong, China, Thailand, and Europe.

T.RAD

Market Cap: JP¥24.8b

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

Bewith

Market Cap: JP¥23.6b

Provides contact/call centers and BPO services utilizing digital technologies in Japan.