Japanese Low Leverage High Rewards

NITTAN

Market Cap: JP¥18.5b

Manufactures and distributes engine valves in Japan.

Sankyo FrontierLtd

Market Cap: JP¥46.8b

Produces, sells, and rents modular buildings, self-storage, and multi-storey parking devices in Japan and internationally.

Kaken Pharmaceutical

Market Cap: JP¥152.2b

Produces, markets, and sells medical products, medical devices, and agrochemicals in Japan and internationally.

TakanoLtd

Market Cap: JP¥11.9b

Manufactures and sells office chairs and other office furniture, springs, exterior products, electronics-related products, and equipment for health and welfare in Japan and internationally.

MIXI

Market Cap: JP¥179.3b

Engages in the sports, digital entertainment, lifestyle, and investment businesses in Japan.

Inaba Denki SangyoLtd

Market Cap: JP¥284.2b

Sells electrical equipment and materials, industrial automation, and proprietary products in Japan and internationally.

TechMatrix

Market Cap: JP¥93.8b

Engages in the information infrastructure and application service business in Japan.

Ateam Holdings

Market Cap: JP¥21.7b

An IT company, develops a range of businesses centered around web services, games, and e-commerce worldwide.

Shoei

Market Cap: JP¥93.9b

Manufactures and sells motorcycle helmets for general public and government agencies under the SHOEI brand worldwide.

Dream Incubator

Market Cap: JP¥22.0b

A venture capital and private equity firm specializing in incubation and investments in all business stages.

Toyoda Gosei

Market Cap: JP¥515.3b

Manufactures and sells automotive parts, optoelectronic products, and general industry products.

SintokogioLtd

Market Cap: JP¥55.4b

Manufactures and sells foundry, surface treatment, environmental, and material handling in Japan and internationally.

Zenken

Market Cap: JP¥7.9b

Provides IT, language education, and real estate services in Japan.

Dowa Holdings

Market Cap: JP¥409.7b

Engages in the environmental management and recycling, nonferrous metals, electronic materials, metal processing, and heat treatment businesses.

Odawara Engineering

Market Cap: JP¥13.2b

Engages in the design, development, manufacture, and sale of motor and coil winding equipment in Japan and internationally.

Genki Global Dining Concepts

Market Cap: JP¥54.8b

Engages in the restaurant-related businesses in Japan and internationally.

Miroku Jyoho Service

Market Cap: JP¥56.6b

Provides systems and solutions to tax accounting and CPA firms, and their client companies, and small/mid-sized companies in Japan.

Hokuriku GasLtd

Market Cap: JP¥17.2b

Operates gas business in Japan.

Bic Camera

Market Cap: JP¥282.3b

Engages in the manufacture and sale of audiovisual products in Japan.

Aidma Marketing Communication

Market Cap: JP¥3.0b

Provides marketing support services in the fields of distribution and retail sectors in Japan.

Nippon Thompson

Market Cap: JP¥56.2b

Develops, manufactures, and sells needle roller bearings, linear motion rolling guides, precision positioning tables, and machine components under the IKO brand in Japan, North America, Europe, China, Singapore, Malaysia, and India.

SBI Global Asset Management

Market Cap: JP¥60.6b

Provides financial and asset management services in Japan and internationally.

Sumitomo Warehouse

Market Cap: JP¥268.3b

Provides integrated logistics services in Japan and internationally.

Chori

Market Cap: JP¥100.9b

Engages in textiles, chemicals, and machinery businesses in China and internationally.

and ST HDLtd

Market Cap: JP¥129.6b

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

FUJIKURA COMPOSITES

Market Cap: JP¥36.4b

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

Felissimo

Market Cap: JP¥6.0b

Engages in digital marketing business in Japan.

Pigeon

Market Cap: JP¥192.6b

Engages in the manufacture, sale, import, and export of baby and child-care products, maternity items, women’s care products, home healthcare products, and nursing care products in Japan and internationally.

Nihon Seiko

Market Cap: JP¥24.3b

Manufactures and sells antimony products and metal powders in Japan.

JBCC Holdings

Market Cap: JP¥102.9b

Through its subsidiaries, provides information technology (IT) services in Japan.

Nagano Keiki

Market Cap: JP¥45.8b

Manufactures and sells pressure gauges and sensors, measurement and control equipment, and other products in Japan and internationally.

DIP

Market Cap: JP¥113.6b

Engages in the human resources service business in Japan.

Wacom

Market Cap: JP¥108.3b

Develops, manufactures, and sells pen tablets and related software in Japan and internationally.

Kyowa Electronic Instruments

Market Cap: JP¥19.1b

Engages in the manufacture and distribution of stress measurement devices in Japan, Asia, Europe, the United States, and internationally.

Nippon Densetsu Kogyo

Market Cap: JP¥185.3b

Engages in contracting electrical equipment construction work in Japan.

OSG

Market Cap: JP¥186.9b

Manufactures and sells precision machinery tools in Japan, the Americas, Europe, Africa, and Asia.