Japanese Low Leverage High Rewards

Pola Orbis Holdings

Market Cap: JP¥290.7b

Through its subsidiaries, develops, manufactures, and sells cosmetics and related products in Japan, Asia, and internationally.

ITmedia

Market Cap: JP¥29.5b

Engages in the development and operation of Internet-only media providing information on various topics in Japan.

Isetan Mitsukoshi Holdings

Market Cap: JP¥833.8b

Engages in the department store business in Japan and internationally.

and ST HDLtd

Market Cap: JP¥129.6b

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

gremsInc

Market Cap: JP¥56.6b

Engages in the energy solution and electricity retailing businesses in Japan.

Kawai Musical Instruments Manufacturing

Market Cap: JP¥22.5b

Kawai Musical Instruments Manufacturing Co., Ltd.

Hakuten

Market Cap: JP¥13.8b

Provides contact point communications development and marketing solutions in Japan.

Fukuvi Chemical IndustryLtd

Market Cap: JP¥18.2b

Engages in manufacturing, processing, and sale of synthetic resin products and inorganic compounds in Japan and internationally.

Kaneka

Market Cap: JP¥267.9b

Engages in the manufacture and sale of polyvinyl chloride (PVC), crosslinked PVC, PVC-PVAc polymers, paste PVC, acryl grafted-vinyl chloride copolymer, and chlorinated PVC in Japan and internationally.

Nihon Seiko

Market Cap: JP¥24.3b

Manufactures and sells antimony products and metal powders in Japan.

Chuo Malleable Iron

Market Cap: JP¥10.3b

Manufactures, processes, and sells cast iron and aluminum products in Japan, China, and internationally.

Felissimo

Market Cap: JP¥6.0b

Engages in digital marketing business in Japan.

KOSAIDO Holdings

Market Cap: JP¥64.4b

Operates as a printing company 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.

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.

Takamatsu Construction Group

Market Cap: JP¥138.9b

Engages in the construction business in Japan.

SBI Global Asset Management

Market Cap: JP¥60.6b

Provides financial and asset management services in Japan and internationally.

OSG

Market Cap: JP¥186.9b

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

Bic Camera

Market Cap: JP¥282.3b

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

Cross Cat

Market Cap: JP¥14.6b

Engages in information services and related operations in Japan.

ktk

Market Cap: JP¥3.4b

Manufactures and sells recycled products and office supplies for use in office automation equipment in Japan.

Aidma Marketing Communication

Market Cap: JP¥3.0b

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

JBCC Holdings

Market Cap: JP¥102.9b

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

Wacom

Market Cap: JP¥108.3b

Develops, manufactures, and sells pen tablets and related software 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.

DIP

Market Cap: JP¥113.6b

Engages in the human resources service business in Japan.

Nippon Densetsu Kogyo

Market Cap: JP¥185.3b

Engages in contracting electrical equipment construction work in Japan.

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.

ASKUL

Market Cap: JP¥126.6b

Engages in e-commerce business in Japan.

Hirata

Market Cap: JP¥71.3b

Manufactures and sells various manufacturing line systems, industrial robots, and logistic equipment in Japan and internationally.

Genki Global Dining Concepts

Market Cap: JP¥54.8b

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

Zenken

Market Cap: JP¥7.9b

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

Yamato

Market Cap: JP¥45.1b

Designs, constructs, and manages architecture, civil engineering, air conditioning, sanitation, refrigeration, water supply, sewerage, water treatment, and hot bathing projects.

Riken Technos

Market Cap: JP¥73.2b

Engages in compound, film, and food packaging 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.