Japanese Low Leverage High Rewards

Advan Group

Market Cap: JP¥30.8b

Imports and sells architectural finishing materials and housing equipment in Japan.

AXYZ

Market Cap: JP¥22.7b

Engages in manufacture and sale of processed foods in Japan and internationally.

Hamee

Market Cap: JP¥7.3b

Engages in the e-commerce and platform businesses for mobile accessories in Japan, rest of Asia, North America, and internationally.

Funai Soken Holdings

Market Cap: JP¥106.1b

Provides consulting services for various industries in Japan.

Iwatani

Market Cap: JP¥379.7b

Engages in supplying gases and energy in Japan, China, Taiwan, South Korea, Singapore, Thailand, Malaysia, Indonesia, Vietnam, the United States, and Australia.

Nohmi Bosai

Market Cap: JP¥240.2b

Engages in the development, marketing, installation, and maintenance of various fire protection systems in Japan.

Nishio Holdings

Market Cap: JP¥125.8b

Engages in the construction machinery rental business in Japan and internationally.

ARCS

Market Cap: JP¥180.7b

Engages in retail business and related operations in Japan.

Forval

Market Cap: JP¥31.2b

Engages in the provision of information telecommunications consulting services to small-and medium-sized companies in Japan.

Okamoto Industries

Market Cap: JP¥90.2b

Manufactures and sells industrial and household products in Japan and internationally.

System LocationLtd

Market Cap: JP¥5.9b

Provides business support for finance companies in Japan and internationally.

Dkk-Toa

Market Cap: JP¥16.9b

Manufactures and sells measuring instruments in Japan and internationally.

Morito

Market Cap: JP¥42.9b

Engages in the manufacture and sale of apparel-related materials and household goods and products in Japan, Asia, Europe, and the United States.

Hisamitsu Pharmaceutical

Market Cap: JP¥295.7b

Manufactures and sells pharmaceuticals in Japan.

Warabeya Nichiyo Holdings

Market Cap: JP¥56.4b

Engages in the manufacture and sale of food products for convenience stores in Japan and internationally.

Mitsuboshi

Market Cap: JP¥2.2b

Manufactures and sells electric wires and synthetic resin products in Japan.

Sun-Life HoldingLtd

Market Cap: JP¥5.9b

Provides wedding ceremony, funeral, and nursing care services in Japan.

Ship Healthcare Holdings

Market Cap: JP¥243.5b

Engages in the medical, healthcare, welfare, and nursing care businesses in Japan and internationally.

SUNNEXTA GROUP

Market Cap: JP¥10.1b

Operates as a outsourcing service company in Japan.

Semba Tohka Industries

Market Cap: JP¥8.0b

Engages in the development, manufacture, and sale of food ingredients primarily in Japan.

SAN-ALTD

Market Cap: JP¥181.3b

Operates a chain of supermarkets in Okinawa.

Kao

Market Cap: JP¥2.8t

Develops and sells hygiene living care, health beauty care, life care, cosmetics, and chemical products.

Japan Wool Textile

Market Cap: JP¥121.9b

Engages in the manufacturing and sale of apparel textile products in Japan.

Isuzu Motors

Market Cap: JP¥1.7t

Manufactures and sells commercial vehicles, light commercial vehicles, and diesel engines and components worldwide.

JAC Recruitment

Market Cap: JP¥172.2b

Provides recruitment consultancy services in Japan.

Tomoe Engineering

Market Cap: JP¥51.3b

Manufactures and sells chemicals, machinery, and equipment in Japan, Asia, and internationally.

Maxvalu TokaiLtd

Market Cap: JP¥115.9b

Operates and manages a chain of supermarkets in Japan.

JEOL

Market Cap: JP¥252.9b

Engages in the research, development, manufacture, and marketing of scientific and metrology instruments, semiconductor and industrial equipment, and medical equipment in Japan, the United States, China, and internationally.

Keihin

Market Cap: JP¥18.5b

Provides logistics services worldwide.

Seiko

Market Cap: JP¥8.7b

Engages in the manufacture and sale of industrial machinery in Japan.

E-Guardian

Market Cap: JP¥19.0b

An Internet security company, provides solutions to Internet security needs through post monitoring, customer support, debugging, and cyber security in Japan.

Chugoku Marine Paints

Market Cap: JP¥224.8b

Produces and sells functional coatings worldwide.

AIT

Market Cap: JP¥49.8b

Operates as a comprehensive logistics company in China and Southeast Asia.

SeirenLtd

Market Cap: JP¥186.4b

Manufactures and markets textile products, industrial machines, and electronic parts in Japan and internationally.

SPK

Market Cap: JP¥23.4b

Engages in the trading of automotive spare parts and accessories, and industrial vehicle parts in Japan, Asia, Oceania, Central America, and South America.

Daytona

Market Cap: JP¥9.7b

Engages in the market research, planning, development, testing, procurement, and logistics management of motorcycle parts and accessories.