Japanese Low Leverage High Rewards

Sumitomo Warehouse

Market Cap: JP¥214.0b

Provides integrated logistics services in Japan and internationally.

Pigeon

Market Cap: JP¥206.5b

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.

Wacom

Market Cap: JP¥73.6b

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

A&D HOLON Holdings Company

Market Cap: JP¥48.8b

Provides measurement technologies and products.

Nakano RefrigeratorsLtd

Market Cap: JP¥27.1b

Engages in design, manufacture, sale, installation work, and after-sales services of refrigerated showcases, refrigerators, freezers, and related products in Japan.

Nagano Keiki

Market Cap: JP¥36.0b

Manufactures and sells pressure measurement and control equipment in Japan and internationally.

AtomixLtd

Market Cap: JP¥3.2b

Engages in the manufacture and sale of paints in Japan and internationally.

Adastria

Market Cap: JP¥134.8b

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

Bridgestone

Market Cap: JP¥4.1t

Manufactures and sells tires and rubber products.

Koatsu Gas Kogyo

Market Cap: JP¥52.1b

Engages in the gas, chemical products, and IT solutions business in Japan.

Nareru Group

Market Cap: JP¥19.7b

Provides engineer outsourcing services for the construction industry in Japan.

YoshiconLtd

Market Cap: JP¥12.1b

Engages in the purchase, sale, leasing, brokerage, management, and development of real estate properties in Japan.

Taisei Oncho

Market Cap: JP¥22.4b

Engages in the design and construction of air conditioning, water supply/drainage sanitary, and electrical equipment systems in Japan.

Helios Techno Holding

Market Cap: JP¥16.4b

Engages in the lamp and manufacturing equipment businesses in Japan.

ITmedia

Market Cap: JP¥30.0b

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

Isetan Mitsukoshi Holdings

Market Cap: JP¥671.6b

Engages in the department store business in Japan and internationally.

NITTAN

Market Cap: JP¥7.8b

Manufactures and distributes engine valves in Japan.

Odawara Engineering

Market Cap: JP¥11.2b

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

Mirai IndustryLtd

Market Cap: JP¥57.2b

Engages in the manufacture and sale of electrical and pipe materials, and wiring devices in Japan.

Nippo

Market Cap: JP¥21.0b

Manufactures and trades in industrial materials and plastic molded product in Japan and internationally.

Takamatsu Construction Group

Market Cap: JP¥100.9b

Engages in the construction business in Japan.

Amiyaki Tei

Market Cap: JP¥29.3b

Operates a chain of restaurants in Japan.

Create SD Holdings

Market Cap: JP¥196.7b

Through its subsidiaries, engages in drug store, dispensing pharmacy, and nursing care businesses in Japan.

JBCC Holdings

Market Cap: JP¥74.3b

Through its subsidiaries, engages in the provision of information technology related services in Japan.

Happinet

Market Cap: JP¥117.4b

Operates as an entertainment trading company in Japan.

Cube System

Market Cap: JP¥15.2b

Provides various technological services in Japan and internationally.

CTI Engineering

Market Cap: JP¥66.3b

Operates as a consulting engineering company in Japan, rest of Asia, the United Kingdom, rest of Europe, and internationally.

OSG

Market Cap: JP¥142.7b

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

MEITEC Group Holdings

Market Cap: JP¥226.3b

Provides dispatch engineering solutions to manufacturing companies in Japan.

ERI Holdings

Market Cap: JP¥16.4b

Provides building confirmation and inspection services in Japan.

Tokyo Radiator Mfg.Co.Ltd

Market Cap: JP¥8.0b

Manufactures and sells heat exchangers and body components in Japan, China, Thailand, and Indonesia.

Inter Action

Market Cap: JP¥13.3b

Engages in the develops, manufactures, and sells inspection illuminators for applications in imaging semiconductors manufacturing processes in Japan.

TakanoLtd

Market Cap: JP¥10.9b

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

Lecip Holdings

Market Cap: JP¥7.3b

Plans, designs, manufactures, and sells lighting, electric power conversion, and information processing equipment for buses, trains, automobiles, and industrial equipment in Japan and internationally.

ZERO

Market Cap: JP¥47.9b

Provides vehicle transportation and maintenance services in Japan.

Torishima Pump Mfg

Market Cap: JP¥52.4b

Manufactures and sells various pumps in Japan and internationally.