Japanese Low Leverage High Rewards

Maezawa Kasei Industries

Market Cap: JP¥31.3b

Produces and sells water and sewerage related products, and environmental equipment.

Kikusui Chemical Industries

Market Cap: JP¥4.7b

Engages in the manufacture and sale of functional, architectural finishing, construction, and civil engineering materials primarily in Japan.

Sanwa Holdings

Market Cap: JP¥889.3b

Through its subsidiaries, manufactures and sells construction materials for commercial and residential buildings in Japan, North America, Europe, and Asia.

Soliton Systems K.K

Market Cap: JP¥37.3b

A technology company, provides IT security-related and embedded systems in Japan and internationally.

Sakai Chemical Industry

Market Cap: JP¥47.4b

Manufactures and sells various chemical products in Japan, Asia, North America, Europe, the Middle East, and internationally.

Innotech

Market Cap: JP¥27.2b

Engages in the import and sale of electronic design automation software, electric components, and semiconductor products in Japan and internationally.

Nippon Carbon

Market Cap: JP¥48.9b

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

Nippon Care Supply

Market Cap: JP¥36.3b

Engages in the rental and wholesale of welfare equipment businesses in Japan.

Intelligent Wave

Market Cap: JP¥24.8b

Provides system development services and system products in Japan and internationally.

Ohishi Sangyo

Market Cap: JP¥10.5b

Engages in the manufacture and sale of industrial packaging materials primarily in Japan.

Kanda HoldingsLtd

Market Cap: JP¥19.3b

Through its subsidiaries, operates as a logistics company in Japan and internationally.

Totech

Market Cap: JP¥153.0b

Engages in the sale of air conditioning equipment in Japan.

Takada

Market Cap: JP¥12.6b

Engages in the plant, engineering, plant diagnosis, and electronics equipment businesses in Japan and internationally.

Bunkeido

Market Cap: JP¥7.3b

Engages in the publication and sale of books, teaching materials, and teaching material and tools for junior high schools in Japan.

FURYU

Market Cap: JP¥28.0b

Engages in planning, developing, manufacturing, and selling photo sticker machines in Japan.

QuickLtd

Market Cap: JP¥50.2b

Engages in the recruiting, human resources service, information publishing, and Internet-related businesses in Japan and internationally.

Ensuiko Sugar Refining

Market Cap: JP¥14.3b

Manufactures and sells sugar products in Japan.

Kondotec

Market Cap: JP¥39.0b

Engages in the manufacture, procurement, import, sale, wholesale, and export of industrial materials primarily in the retail hardware business in Japan and internationally.

DoshishaLtd

Market Cap: JP¥114.4b

Plans, develops, produces, and sells lifestyle-related products in Japan and Internationally.

NPR-Riken

Market Cap: JP¥94.4b

Manufactures and sells automobile engine parts, marine engine parts, and other products in Japan and internationally.

HIMACS

Market Cap: JP¥14.9b

Provides defined valued processes for various system lifecycles in Japan.

Chudenko

Market Cap: JP¥243.2b

Operates as an equipment engineering company in Japan.

Sakai Moving ServiceLtd

Market Cap: JP¥115.8b

Provides moving transportation and ancillary services in Japan.

SOLXYZ

Market Cap: JP¥9.3b

Provides system integration, consulting, and outsourcing services in Japan.

CMC

Market Cap: JP¥21.9b

Provides manual creation, business process management, training, translation, and interpretation services in Japan.

HITO-Communications HoldingsInc

Market Cap: JP¥18.4b

Engages in the outsourcing, temporary staffing, e-commerce (EC)/TC support, and wholesale businesses in Japan and internationally.

Kanemitsu

Market Cap: JP¥5.1b

Engages in the development, manufacture, and sale of pulleys for automobiles, and agricultural machinery in Japan.

GungHo Online Entertainment

Market Cap: JP¥131.9b

Engages in the planning, development, operation, and distribution of smartphone applications and computer games.

Totetsu Kogyo

Market Cap: JP¥155.0b

Engages in the railway track maintenance, civil engineering, architectural, and environmental businesses in Japan.

Daito Trust ConstructionLtd

Market Cap: JP¥992.3b

Designs, constructs, and rents apartments and condominiums in Japan.

NS United Kaiun Kaisha

Market Cap: JP¥142.6b

Engages in the marine transportation services and related business in Japan and internationally.

Crops

Market Cap: JP¥12.6b

Engages in the sale and service of mobile phones through stores in Japan and internationally.

Careerlink

Market Cap: JP¥30.2b

Provides human resource services in Japan.

C.E.Management Integrated LaboratoryLtd

Market Cap: JP¥6.0b

Provides services in the areas of civil engineering and construction in Japan.

AOKI Holdings

Market Cap: JP¥149.7b

Engages in the fashion, anniversary and bridal, entertainment, and real estate rental businesses in Japan.

Muto Seiko

Market Cap: JP¥13.8b

Manufactures and sells plastic parts in Japan, Vietnam, China, Taiwan, rest of Asia, and internationally.