Japanese Retail Potentially Undervalued Small Caps

BIKE O

Market Cap: JP¥5.2b

BIKE O & COMPANY Ltd. retails used motorcycles in Japan.

WILLPLUS Holdings

Market Cap: JP¥8.5b

Engages in the sale and maintenance of new and used cars in Japan.

Ichikura

Market Cap: JP¥2.1b

Engages in the kimonos business in Japan.

TakachihoLtd

Market Cap: JP¥2.4b

Engages in the wholesale of souvenirs in Japan.

Tay Two

Market Cap: JP¥9.4b

Operates stores that offer books, home video games, trading cards, hobbies, smartphones, CDs, DVDs, clothing, etc.

Cox

Market Cap: JP¥6.2b

Together with its subsidiary, engages in planning, manufacturing, and sales of clothing and miscellaneous goods in Japan.

StreamLtd

Market Cap: JP¥2.8b

Engages in the Internet shopping management business in Japan.

BuffaloLtd

Market Cap: JP¥3.8b

Operates as a franchisee of AUTOBACS stores in Japan.

Village VanguardLTD

Market Cap: JP¥6.9b

Village Vanguard CO.,LTD., together with its subsidiaries, retails books, miscellaneous goods, CDs, DVDs, food, and apparel in Japan.

I.A Group

Market Cap: JP¥6.8b

Engages in the car parts business in Japan.

DaiwaLtd

Market Cap: JP¥1.7b

Operates departmental stores in Japan.

KYOTO KIMONO YUZEN HOLDINGS

Market Cap: JP¥2.0b

Engages in the sale of kimono and related jewelry products in Japan.

Kuraudia HoldingsLtd

Market Cap: JP¥3.3b

Engages in the planning, manufacturing, and wholesale of wedding apparel in Japan and internationally.

Bunkyodo Group Holdings

Market Cap: JP¥2.0b

Operates various wholesale and retail stores in Japan.

T.Kawabe

Market Cap: JP¥2.4b

Manufactures, sells, imports, and exports handkerchiefs, scarves, mufflers, towels, and fabric products in Japan.