Japanese Potentially Undervalued Small Caps

FLECT

Market Cap: JP¥6.3b

Engages in the provision of multi-cloud integration services for digital transformation in Japan.

SHINKO

Market Cap: JP¥4.1b

Provides maintenance services, IT solutions, and human resource services in Japan.

Silver Life

Market Cap: JP¥9.5b

A franchise management company, provides food delivery services in Japan.

Decollte Holdings

Market Cap: JP¥2.0b

Through its subsidiaries, primarily engages in the photo studio business in Japan.

GMO Pepabo

Market Cap: JP¥10.0b

Provides internet services in Japan.

Oricon

Market Cap: JP¥10.5b

Designs and operates websites.

ON THE PAGE

Market Cap: JP¥7.6b

Engages in the bridal business in Japan and internationally.

KIYO LearningLtd

Market Cap: JP¥3.9b

Engages in the planning, production, sale, and operation of educational content and services for individuals and companies in Japan.

Himeji RikaLtd

Market Cap: JP¥6.1b

Produces and supplies quartz glass products for semiconductors, liquid crystal, and optical fibers in Japan.

TOKYO KOATSU

Market Cap: JP¥1.9b

Manufactures and sells industrial gases.

Towarise

Market Cap: JP¥2.0b

Engages in the credit business in Japan.

WILLPLUS Holdings

Market Cap: JP¥9.2b

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

Ikegami Tsushinki

Market Cap: JP¥5.1b

Engages in the provision of broadcast equipment in Japan and internationally.

B&PLtd

Market Cap: JP¥5.7b

Primarily engages in inkjet printing business in Japan.

GMO Media

Market Cap: JP¥7.9b

Together with its subsidiary, GMO Beauty, Inc., engages in the media, solutions, and content businesses in Japan, Singapore, and internationally.

SUSLtd

Market Cap: JP¥9.1b

Engages in the worker dispatching business in Japan.

Keyware Solutions

Market Cap: JP¥9.2b

Develops and sells information systems for the support of social infrastructure in Japan.

CHIeruLtd

Market Cap: JP¥4.9b

Engages in the production of ICT environments for teaching and learning in schools in Japan and internationally.

Gendai Agency

Market Cap: JP¥5.2b

Engages in planning and production of advertising and promotion services in Japan.

Sakurai

Market Cap: JP¥1.8b

Manufactures and sells machine tools.

Petgo

Market Cap: JP¥1.6b

Operates an e-commerce platform for pet health care products.

Sonec

Market Cap: JP¥9.7b

Engages in the general construction business.

PeersLtd

Market Cap: JP¥4.8b

Provides consulting solutions.

Zett

Market Cap: JP¥8.7b

Engages in the manufacture and wholesale of sports equipment in Japan.

Ichishin HoldingsLtd

Market Cap: JP¥3.4b

Through its subsidiaries, engages in the education business in Japan.

Pulstec Industrial

Market Cap: JP¥2.9b

Manufactures and sells electronic applied equipment and systems in Japan, Asia, Europe, North America, Africa, and internationally.

Disruptors

Market Cap: JP¥4.9b

Operates job related Internet platforms in Japan.

Artra Group

Market Cap: JP¥1.6b

Provides support services for acupuncture and bonesetting clinics in Japan.

Slogan

Market Cap: JP¥2.0b

Provides human resource support services to various industries.

internet infinity

Market Cap: JP¥3.9b

Provides healthcare solutions in Japan.

TOP CULTURELtd

Market Cap: JP¥3.2b

Operates retail stores in Japan.

CRESTEC

Market Cap: JP¥5.7b

Engages in the document and solutions business in Japan and internationally.

CELMInc

Market Cap: JP¥7.0b

Provides support services for human resources and organizational development in Japan, China, and Singapore.

Ray

Market Cap: JP¥7.3b

Engages in the video production business in Japan.

Nexyz. Group

Market Cap: JP¥9.7b

Engages in the embedded finance, media promotion, and other activities in Japan.

SOLXYZ

Market Cap: JP¥9.1b

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