Stock Rankings
195 companies ranked by composite score (conviction, ROE, FCF, valuation, margins)
| # | Company | Ticker | Score | Conv | Fwd PE | ROE | Op Margin | FCF | Themes |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Advantest | 6857.T | 86.7 | HIGH | 44 | 49.3% | 44.2% | +¥375B est. | |
| 2 | ANYCOLOR (Nijisanji) | 5032.T | 85.4 | HIGH | 12.8 | 74.2% | 40.2% | N/A | |
| 3 | Cover Corp (Hololive) | 5253.T | 82.9 | HIGH | 13.3 | 33.7% | 19.1% | +¥4B | |
| 4 | Trend Micro | 4704.T | 77.9 | HIGH | 21.5 | 26.3% | 21.1% | +¥42.7B | |
| 5 | SCREEN Holdings | 7735.T | 75.8 | HIGH | 17.85 | 19.8% | 19.0% | +¥49.4B | |
| 6 | Tsugami Corporation | 6101.T | 75.6 | HIGH | 15 | 22.4% | 13.2% | +¥8B | |
| 7 | Tokyo Electron | 8035.T | 75 | HIGH | 30.85 | 23.9% | 24.2% | +¥398B | |
| 8 | Organo Corporation | 6368.T | 74.1 | HIGH | 27 | 21.7% | 20.6% | +¥19B | |
| 9 | Nomura Micro Science | 6254.T | 74.1 | HIGH | 11.7 | 15.2% | 14.1% | +¥4B (est FY2026 trough) | |
| 10 | IHI Corporation | 7013.T | 73.4 | HIGH | 22 | 26.8% | 8.8% | +¥68B | |
| 11 | Shin-Etsu Chemical | 4063.T | 72.5 | HIGH | 23.5 | 11.1% | 24.7% | +¥346B | |
| 12 | Fukuda Denshi Co., Ltd. | 6960.T | 71.6 | HIGH | 15.66 | 8.6% | 18.0% | +¥21B | |
| 13 | Fujitsu | 6702.T | 71.1 | HIGH | 18.12 | 15.8% | 11.2% | +¥290B | |
| 14 | Daifuku | 6383.T | 70.4 | HIGH | 27.92 | 18.38% | 15.26% | +¥53.9B | |
| 15 | Kokusai Electric | 6525.T | 70 | HIGH | 30.51 | 16.35% | 18.6% | +¥16B | |
| 16 | Yokogawa Electric | 6841.T | 68.5 | HIGH | 23.8 | 11.5% | 13.7% | +¥44B | |
| 17 | TDK Corp | 6762.T | 68 | HIGH | 23.71 | 11.4% | 12.4% | +¥169B | |
| 18 | Fuji Electric | 6504.T | 67.2 | HIGH | 17.97 | 8.2% | 8.7% | +¥51B | |
| 19 | AGC Inc | 5201.T | 66 | HIGH | 14.7 | 4.7% | 6.2% | +¥65B | |
| 20 | Ajinomoto Co., Inc. | 2802.T | 65.8 | HIGH | 36.55 | 17.5% | 11.4% | +¥80B | |
| 21 | Amada Co., Ltd. | 6113.T | 65.5 | HIGH | 18.5 | — | 13.3% | +¥45B | |
| 22 | Murata Manufacturing | 6981.T | 63.2 | HIGH | ~37x (on FY2026 OP +34.8% guidance) | 7.25% | 15.4% | +¥239B | |
| 23 | Teikoku Denki | 6333.T | 63.1 | HIGH | 9.5 | 12% | 18% | N/A | |
| 24 | Sanrio Company | 8136.T | 63.1 | MEDIUM | ~24 | 44.0% | 44.7% | positive | |
| 25 | Nitto Denko Corporation | 6988.T | 62.8 | MEDIUM | 11.35 | 12.94% | 17.9% | +¥100B | |
| 26 | Keyence | 6861.T | 62 | HIGH | 38 | 12.4% | 51.0% | N/A | |
| 27 | Renesas Electronics | 6723.T | 61.4 | MEDIUM | 17.78 | -2.1% GAAP / ~10.5% Non-GAAP | 33.7% Non-GAAP Q1 2026 (H1 guided 31.3%) | +¥364B (confirmed: OCF ¥453B minus capex ¥89B) | |
| 28 | Mitsubishi Heavy Industries, Ltd. | 7011.T | 61.4 | HIGH | 40.24 | 12.2% | 8.7% | +¥300B | |
| 29 | HENNGE | 4475.T | 61.2 | MEDIUM | 19.5 | 46.0% | 17.6% | N/A | |
| 30 | Nabtesco | 6268.T | 59.5 | HIGH | 35.6 | 5.46% | 6.78% | +¥19.6B | |
| 31 | SWCC Corporation | 5805.T | 59.4 | MEDIUM | 18.6 | 18.1% | 9.84% | +¥11.1B | |
| 32 | FUJIFILM Holdings Corporation | 4901.T | 58.6 | HIGH | — | ~11% | 10.8% | +¥120B | |
| 33 | Nomura Research Institute (NRI) | 4307.T | 58.4 | MEDIUM | 24.4 | 23.0% | 7.2% | +¥80B | |
| 34 | Cyber Security Cloud | 4493.T | 58.1 | MEDIUM | — | 18.6% | 21.7% | +¥578M | |
| 35 | THK | 6481.T | 58 | HIGH | 37.4 | 3.22% | 6.75% | +¥23.9B | |
| 36 | ITOCHU Corporation | 8001.T | 57.9 | HIGH | 13.8 | 14.2% | 5.8% | N/A | |
| 37 | Digital Arts | 2326.T | 57.6 | MEDIUM | 21.7 | 17.8% | 42.7% | N/A | |
| 38 | Nitto Boseki | 3110.T | 57.4 | HIGH | 22 | 13% | 13% | N/A | |
| 39 | Denso | 6902.T | 57.1 | MEDIUM | 9.62 | 7.89% | 6.69% | +¥201.2B | |
| 40 | Oriental Land (Tokyo Disney Resort) | 4661.T | 56.7 | HIGH | ~40-48 | 13% | 23.9% | positive but capex-heavy | |
| 41 | Metawater | 9551.T | 56.6 | HIGH | 11.78 | 9.1% | 5.9% | positive | |
| 42 | JMDC Inc. | 4483.T | 56.5 | MEDIUM | 29.06 | 7.8% | 22.3% | +¥9B | |
| 43 | Yamato Kogyo Co., Ltd. | 5444.T | 56.5 | MEDIUM | 8 | 8.5% | 2.8% | +¥40B | |
| 44 | MinebeaMitsumi | 6479.T | 56.2 | MEDIUM | 13.75 | 9.1% | 6.5% | +¥16B | |
| 45 | MISUMI Group | 9962.T | 56.1 | MEDIUM | 18.7 | 9.4% | 10.4% | +¥32B | |
| 46 | Howa Machinery, Ltd. | 6203.T | 55.7 | MEDIUM | 11 | 6.5% | 5.5% | +¥1B (est.) | |
| 47 | Nomura Holdings, Inc. | 8604.T | 55.4 | HIGH | 9.94 | 10.1% | N/A (financial services) | N/A | |
| 48 | DISCO Corp | 6146.T | 55.3 | MEDIUM | 43 | — | 42.3% | +¥63.7B (OCF ¥133.5B minus capex ¥69.8B; capex doubled FY2025→FY2026) | |
| 49 | Hitachi | 6501.T | 55.1 | MEDIUM | 27.58 | 13.65% | 11.1% | +¥1,390B | |
| 50 | Daido Steel Co., Ltd. | 5471.T | 54.5 | HIGH | — | — | N/A | +est. | |
| 51 | SBI Holdings, Inc. | 8473.T | 54.5 | HIGH | — | 30.0% | N/A | N/A | |
| 52 | NEC Corporation | 6701.T | 54.5 | MEDIUM | 19.6 | 8.8% | 7.6% | +¥202B | |
| 53 | Okuma Corporation | 6103.T | 54.5 | MEDIUM | 16.5 | 5.3% | 8.5% | +¥15B | |
| 54 | Mitsubishi Corporation | 8058.T | 54.4 | HIGH | 13 | 8.5% | 1.8% | N/A | |
| 55 | PHC Holdings Corporation | 6523.T | 53.7 | MEDIUM | 10.71 | 0.6% | 6.2% | +¥32B | |
| 56 | Fanuc | 6954.T | 53.6 | HIGH | 38.6 | 9.35% | 21.4% | N/A | |
| 57 | ABC-Mart,Inc. | 2670.T | 53.5 | MEDIUM | — | 12.1% | 16.5% | +¥28B | |
| 58 | Japan Airport Terminal | 9706.T | 53.3 | HIGH | — | 14.7-22.3% | 13.2% | positive | |
| 59 | Mitsui O.S.K. Lines | 9104.T | 53.3 | HIGH | — | 10.0% | 18.1% | N/A | |
| 60 | Sodick Co., Ltd. | 6143.T | 52.6 | MEDIUM | 14.5 | — | 7.5% | +¥5B | |
| 61 | SoftBank Corp | 9434.T | 52.3 | MEDIUM-HIGH | 17.5 | 17.42% | 14.76% | +¥600B (adjusted FCF, FY2025) | |
| 62 | Sumitomo Metal Mining | 5713.T | 52 | MEDIUM | 19.76 | 5.0% | 5.0% | +¥87B | |
| 63 | Mitsubishi Electric Corporation | 6503.T | 52 | MEDIUM | 30.6 | 9.85% | 9.6% (Defense & Space segment) | +¥316.8B | |
| 64 | Yaskawa Electric | 6506.T | 51.3 | MEDIUM | 29.16 | 7.84% | 8.7% | +¥11.8B | |
| 65 | NTT, Inc. | 9432.T | 50.8 | HIGH | 11.6 | — | N/A | N/A | |
| 66 | Nippon Seiki Co., Ltd. | 7287.T | 50.7 | MEDIUM | 12.05 | — | N/A | +confirmed | |
| 67 | Omron | 6645.T | 50.4 | MEDIUM | 22.57 | 2.3% | 6.1% | +¥5.9B | |
| 68 | Kandenko Co. | 1942.T | 50.1 | HIGH | — | 10.5% | 9.0% | N/A | |
| 69 | Kurita Water Industries | 6370.T | 49.9 | HIGH | — | 6.5% | 12.8% | positive (OCF +72.5% YoY FY2026) | |
| 70 | Okano Valve | 6492.T | 49.6 | MEDIUM | 8.2% | 10.1% | +¥624M | ||
| 71 | Olympus Corporation | 7733.T | 49.6 | MEDIUM | — | — | 18.9% (adj FY2025) | +¥109B (adj FY2025) | |
| 72 | M3, Inc. | 2413.T | 49.4 | MEDIUM | 17.9 | 12.2% | 20.9% | N/A | |
| 73 | Tokai Rika Co., Ltd. | 6995.T | 49.1 | MEDIUM | — | 10.9% | 5.9% | +est. ¥15-20B | |
| 74 | FFRI Security | 3692.T | 49.1 | MEDIUM | 67.1 | 28.4% | 31.3% | N/A | |
| 75 | Sumitomo Bakelite Co., Ltd. | 4203.T | 49 | MEDIUM | ~12.0x (FY2025 guidance ¥25.5B NI) | 6.54% | 10.3% (FY2025 guidance) | +¥46B est (EV/FCF 8.73x, EV ~¥400B) | |
| 76 | Toray Industries | 3402.T | 48.9 | HIGH | 17.3 | — | N/A | N/A | |
| 77 | SMC Corporation | 6273.T | 48.8 | MEDIUM | 27.2 | 7.9% | ~20% | +¥99B | |
| 78 | Meiko Electronics | 6787.T | 48.7 | MEDIUM | 14 | 15.6% | 12% | N/A | |
| 79 | SKY Perfect JSAT Holdings Inc. | 9412.T | 48.6 | MEDIUM | 35 | 4.5% | 10% | +¥30B (est.) | |
| 80 | TIS Inc. | 3626.T | 48.3 | MEDIUM | 15.3 | 14.9% | 12.6% | N/A | |
| 81 | Iwatani Corporation | 8088.T | 47.9 | HIGH | — | 13.4% | ~6.0% | N/A | |
| 82 | Fujimi Inc | 5384.T | 47.8 | MEDIUM | 16 | 12% | 15% | N/A | |
| 83 | Fujikura | 5803.T | 47.8 | HIGH | 84.2 | 24.4% | N/A | N/A | |
| 84 | Sony Group | 6758.T | 46.9 | HIGH | ~12.9x | ~11-15% (restated ex-SFG) | 11.6% | N/A | |
| 85 | Sumitomo Electric Industries | 5802.T | 46.7 | HIGH | 23.9 | — | N/A | N/A | |
| 86 | Macnica Holdings | 3132.T | 46.6 | HIGH | — | 10.18% | ~3.5% (overall distributor; cyber segment >9%) | N/A | |
| 87 | Hirose Electric | 6806.T | 46 | MEDIUM | 23.5 | 9.0% | 20.3% | ~+¥36B | |
| 88 | ShinMaywa Industries, Ltd. | 7224.T | 45.6 | HIGH | 18 | 8.18% | 4.5% | -¥11.0B | |
| 89 | Meidensha Corporation | 6508.T | 45.6 | HIGH | ~19.5x (on FY2027 OP +6.9% guidance) | ~18.5% | 8.3% | N/A | |
| 90 | NGK Insulators | 5333.T | 45.6 | HIGH | — | 7.8% | ~15% | N/A | |
| 91 | Metaplanet Inc. | 3350.T | 45.5 | MEDIUM | — | N/M | 71% (FY26E) | N/A | |
| 92 | Pan Pacific International Holdings | 7532.T | 45.3 | MEDIUM | 20.5 | 17.0% | 7.1% | N/A | |
| 93 | Mitsubishi Gas Chemical | 4182.T | 45.2 | MEDIUM | 11 | 8% | 8% | N/A | |
| 94 | Yamaha Motor Co., Ltd. | 7272.T | 44.9 | MEDIUM | — | 1.4% | 5.0% | +¥52.5B | |
| 95 | Asahi Kasei | 3407.T | 44.4 | MEDIUM | 12 | 7.8% | 7% | N/A | |
| 96 | Tokyo Ohka Kogyo | 4186.T | 44.4 | MEDIUM | — | 15.6% | 20.5% | N/A | |
| 97 | JCU Corporation | 4975.T | 43.4 | MEDIUM-HIGH | — | 17.2% | 41.0% | N/A | |
| 98 | Arisawa Manufacturing | 5208.T | 43.2 | MEDIUM | 14.54 | 6.85% | 7% | N/A | |
| 99 | Japan Steel Works | 5631.T | 43.1 | HIGH | 31.1 | 9.09% | 8.4% | -¥19.7B | |
| 100 | Taikisha Ltd. | 1979.T | 42.5 | HIGH | — | ~9% | ~7-8% (H1 FY2026 expanded) | Positive | |
| 101 | Daihen Corporation | 6622.T | 42.5 | HIGH | — | — | N/A | N/A | |
| 102 | Nihon Kohden Corporation | 6849.T | 42.2 | MEDIUM | 18.9 | 7.1% | 7.97% | N/A | |
| 103 | Anritsu Corporation | 6754.T | 42.2 | HIGH | 37.5 | — | N/A | N/A | |
| 104 | Bandai Namco | 7832.T | 41.3 | MEDIUM | ~16.9x | 13.8% | 14.0% | N/A | |
| 105 | RESONAC HOLDINGS CORPORATION | 4004.T | 41.2 | MEDIUM | 40.4 | ~8.5% (est. FY2026) | ~18.2% EBITDA (Q1 FY2026) | +¥43B | |
| 106 | Lasertec Corporation | 6920.T | 41 | HIGH | 41.1 | — | N/A | N/A | |
| 107 | Internet Initiative Japan (IIJ) | 3774.T | 40.5 | MEDIUM | — | 14.96% | 10.7% | N/A | |
| 108 | Ibiden | 4062.T | 40 | HIGH | 62 | 11.5% | 14.5% | -¥100B | |
| 109 | Kanto Denka Kogyo Co., Ltd. | 4047.T | 39.7 | HIGH | ~15x (co. guidance) / ~34x (analyst consensus) | 5.0% | 8.4% | -¥3.9B | |
| 110 | Honda | 7267.T | 39.6 | MEDIUM | 11.71 | negative (FY2025 write-down year; normalized ~4-5%) | 2.2% (FY2026 guided; FY2025 reported negative due to ¥2.5T EV impairments) | negative (FY2025 write-down); recovery guided FY2026 | |
| 111 | ARCHION Corporation | 543A.T | 39 | MEDIUM | 11 | ~6% | ~2.0% | Negative on integration capex through FY2027 | |
| 112 | CKD Corporation | 6407.T | 38.8 | MEDIUM | ~20x (analyst forecast; likely conservative given 35.7% recent earnings growth) | 9.19% | 12.4% | N/A | |
| 113 | Nitto Kogyo Corp. | 6651.T | 38.8 | MEDIUM | — | 10.8% | 10.6% | N/A | |
| 114 | Monex Group, Inc. | 8698.T | 38.8 | MEDIUM | — | 7.0% | 14.6% | N/A | |
| 115 | Hokkaido Electric Power | 9509.T | 38.4 | MEDIUM-HIGH | 6.74 | 10.6% | 7.2% | N/A | |
| 116 | KDDI Corporation | 9433.T | 38.4 | MEDIUM | 12.9 | — | N/A | N/A | |
| 117 | Rohm | 6963.T | 38 | MEDIUM | 15 | — | 1% | N/A | |
| 118 | QPS Holdings (iQPS) | 464A.T | 38 | HIGH | 254.6 | -1.7% | -90.0% | N/A | |
| 119 | Furukawa Electric | 5801.T | 38 | HIGH | 65.8 | — | N/A | N/A | |
| 120 | Nidec Corp | 6594.T | 37.9 | AVOID | 6.3% | 5.0% | +¥174B | ||
| 121 | MatsukiyoCocokara & Co | 3088.T | 37.6 | MEDIUM | — | 10.6% | 7.6% | N/A | |
| 122 | Mitsui High-tec, Inc. | 6966.T | 37.2 | MEDIUM | 13 | 11.8% | 5.8% | -¥12B | |
| 123 | NTN Corporation | 6472.T | 37.2 | MEDIUM | 16.3 | — | N/A | N/A | |
| 124 | Kawasaki Heavy Industries | 7012.T | 37.1 | LOW | 31.65 | — | 5.3% | +¥46.9B | |
| 125 | Taiyo Yuden | 6976.T | 36.8 | MEDIUM | 28 | 3.92% | 5% | N/A | |
| 126 | Daiichi Sankyo Company, Limited | 4568.T | 36.8 | MEDIUM | — | 15.8% | N/A | N/A | |
| 127 | Mabuchi Motor | 6592.T | 36.6 | MEDIUM | 18.3 | — | N/A | N/A | |
| 128 | GMO internet group, Inc. | 9449.T | 36.2 | MEDIUM-HIGH | — | 17.3% | 20.7% | N/A | |
| 129 | Soliton Systems | 3040.T | 35.8 | MEDIUM | — | ~20% | 14.1% | N/A | |
| 130 | Kobe Steel | 5406.T | 35.5 | LOW | 8.5 | 7.2% | 4.8% | N/A | |
| 131 | SANYO DENKI | 6516.T | 35.4 | MEDIUM | 21.9 | — | N/A | N/A | |
| 132 | Japan Aviation Electronics Industry, Ltd. | 6807.T | 35.2 | MEDIUM | 5.1% | 7.1% | thin (¥63B capex over 3yr) | ||
| 133 | Hamamatsu Photonics | 6965.T | 35.2 | MEDIUM | 42.5 | — | 17.8% | N/A | |
| 134 | Tokyo Keiki | 7721.T | 35.2 | MEDIUM | 22.3 | ~7% (FY2025 actual; StockAnalysis 11.89% is stale FY2024) | ~4.6% (FY2025: OP ¥2.83B est. / Rev ¥61.5B) | N/A | |
| 135 | UACJ Corporation | 5741.T | 35 | MEDIUM | ~22x (FY2027 NI guided ¥28B from ¥38.8B; NI decline; caution) | 11.21% | ~5.4% (Q3 FY2026 9M operating profit margin improving from prior year) | N/A (capital-intensive aluminum rolling; verify before entry) | |
| 136 | CyberAgent | 4751.T | 34.9 | MEDIUM | N/A (Sep FY; Q2 FY2026 results released May 13) | N/A (needs update; ops strong: Q2 OP ¥29.0B +39.3%) | 11.8% (Q2 FY2026: OP ¥29.0B / Rev ¥246.2B) | N/A | |
| 137 | HORIBA | 6856.T | 34.8 | MEDIUM | 23.7 | — | N/A | N/A | |
| 138 | Musashi Seimitsu Industry Co., Ltd. | 7220.T | 34.7 | MEDIUM | — | — | 11.1% | N/A | |
| 139 | Stanley Electric Co., Ltd. | 6923.T | 34.7 | MEDIUM | 4.5% | 6.3% | N/A | ||
| 140 | TOWA Corporation | 6315.T | 34.7 | MEDIUM | 24 | — | N/A | N/A | |
| 141 | Toyo Tanso | 5310.T | 34.5 | MEDIUM | 23.8 | 5.7% | 14.6% | -¥5.8B (capex phase) | |
| 142 | Synspective | 290A.T | 34.5 | HIGH | N/M | -1.0% | -174.1% | -¥10.0B | |
| 143 | NSK Ltd. | 6471.T | 34.4 | MEDIUM | 24.7 | — | N/A | N/A | |
| 144 | Isetan Mitsukoshi | 3099.T | 34.4 | MEDIUM | ~28 | 9.7% | ~5.7% | N/A | |
| 145 | GS Yuasa Corporation | 6674.T | 34.3 | MEDIUM | — | 9.59% | N/A | N/A | |
| 146 | JFE Holdings, Inc. | 5411.T | 34.3 | EXIT | 4.9 | 3.1% | 2.9% | N/A | |
| 147 | Daiwa Securities Group Inc. | 8601.T | 34.2 | MEDIUM | — | 9.3% | N/A | N/A | |
| 148 | Tsubakimoto Chain Co. | 6371.T | 34 | MEDIUM | — | 8.75% | ~8.1% | est. +¥20-25B | |
| 149 | Chiyoda Corporation | 6366.T | 34 | MEDIUM | — | N/A (distorted) | 9.3% | N/A | |
| 150 | Kanadevia | 7004.T | 33.8 | MEDIUM | 11 | 5.2% | 1.9% | -¥22.6B | |
| 151 | JGC Holdings | 1963.T | 33.8 | MEDIUM | — | 8.2% | ~5.0% | N/A | |
| 152 | Nippon Chemi-Con Corporation | 6997.T | 33.7 | LOW | 7 | 3.1% | 2.9% | ~0 (thin; ¥20B capex planned) | |
| 153 | Ryobi Limited | 5851.T | 33.5 | MEDIUM | — | 4.4% | 3.2% | N/A | |
| 154 | DAIKIN INDUSTRIES | 6367.T | 32.8 | LOW | 23.48 | 9.26% | 8.7% | N/A | |
| 155 | USHIO INC. | 6925.T | 32.8 | MEDIUM | 29.6 | — | N/A | N/A | |
| 156 | Sumitomo Heavy Industries | 6302.T | 32.5 | MEDIUM | 18 | 5.0% | 4.8% | -¥2.3B | |
| 157 | Yokowo Co., Ltd. | 6800.T | 32.4 | MEDIUM | — | — | 5.1% | N/A | |
| 158 | Panasonic Holdings Corporation | 6752.T | 32.4 | MEDIUM | ~15x (FY2027 NI expected +2.2x from ¥75B base) | 4.77% (FY2026 trough; guided higher FY2027) | ~2.9% (FY2026: OP ¥236.4B / Revenue ¥8,049B; compressed by restructuring charges) | N/A (Panasonic Energy capex-heavy; cross-validate before entry) | |
| 159 | Socionext | 6526.T | 32.4 | MEDIUM | 22.44 | 6.0% | 7.5% | -¥4B | |
| 160 | Nichicon Corporation | 6996.T | 31.9 | MEDIUM | — | — | 3.8% | N/A | |
| 161 | Alps Alpine Co., Ltd. | 6770.T | 31.4 | MEDIUM | — | — | 2.4% | N/A | |
| 162 | Harmonic Drive Systems | 6324.T | 31.3 | MEDIUM | 164.1 | 5.9% | 7.9% | N/A | |
| 163 | Shindengen Electric Manufacturing Co., Ltd. | 6844.T | 30.5 | MEDIUM | — | — | N/A | N/A | |
| 164 | Mitsuba Corporation | 7280.T | 30.5 | MEDIUM | — | — | N/A | N/A | |
| 165 | T.RAD Co., Ltd. | 7236.T | 30.5 | MEDIUM | — | N/A — confirm vs J-Quants | N/A | N/A | |
| 166 | Mitsui Kinzoku Company, Limited | 5706.T | 30.5 | MEDIUM | ~22.3x | ~18.4% | ~15.6% (implied: OP ¥117B / revenue ¥750B FY2025E) | N/A (verify J-Quants; positive expected given OP margins) | |
| 167 | Hioki E.E. | 6866.T | 30.5 | MEDIUM | — | — | N/A | N/A | |
| 168 | Central Glass Co., Ltd. | 4044.T | 30.5 | MEDIUM | ~14x (26% EPS growth forecast; analyst consensus) | ~8.2% (est: NI ¥8.36B / book value ¥101B) | ~3.2% (compressed; was ~6-9% pre-Chinese LiPF6 price war) | N/A (J-Quants not available; cross-validate before entry) | |
| 169 | Sysmex Corporation | 6869.T | 30.5 | MEDIUM | — | — | ~20% (est. from EBITDA 25.3%) | N/A | |
| 170 | Tokai Carbon Co., Ltd. | 5301.T | 30.5 | MEDIUM | — | ~6% | ~16% (Q1 FY2025) | N/A | |
| 171 | Nippon Steel | 5401.T | 30.5 | MEDIUM | N/A (loss) | N/A | negative (US Steel integration) | ||
| 172 | Nissin Electric | 6641.T | 30.5 | MEDIUM | — | — | N/A | N/A | |
| 173 | Aichi Electric | 6623.T | 30.5 | MEDIUM | — | — | N/A | N/A | |
| 174 | Nittoku Co., Ltd. | 6145.T | 28.5 | LOW | 15.45x | — | N/A | N/A | |
| 175 | Ebara | 6361.T | 28.1 | LOW | 25.4 | 15.8% | 12.1% | -¥51.5B (capex) | |
| 176 | Kureha Corp | 4023.T | 27.3 | LOW | 19 | -6.7% | -11.1% | ~est. negative (capex ongoing) | |
| 177 | Tokyo Steel Manufacturing Co., Ltd. | 5423.T | 25.1 | LOW | N/A (guiding net loss FY2027) | 6.43% | 2.7% | Negative (OCF -¥3.28B FY2026) | |
| 178 | Nippon Shokubai | 4114.T | 23.5 | LOW | — | 4.9% | ~5.5% | N/A | |
| 179 | NOK Corporation | 7240.T | 23.3 | LOW | — | ~3-5% | 4.9% | N/A | |
| 180 | Kadokawa | 9468.T | 22.6 | LOW | ~38x FY2027 (analyst consensus; company guidance implies ~83x on ¥5.8B NI) | ~0.3% (FY2026 NI ¥1.28B vs equity ~¥400B; structurally low) | 2.9% (FY2026: OP ¥8.1B / Rev ¥282.9B; normalized FY2027 guidance: 3.4%) | N/A | |
| 181 | Astroscale Holdings | 186A.T | 22.5 | MEDIUM | N/M | -64.2% | -161.7% | -¥15.3B | |
| 182 | Stella Pharma | 4888.T | 21.5 | LOW | -9.8% | -23.6% | N/A | ||
| 183 | Mikuni Corporation | 7247.T | 21.5 | LOW | — | N/A — confirm vs J-Quants | N/A — thin, est. 1-3% | N/A | |
| 184 | UBE Corporation | 4208.T | 21.5 | LOW | — | ~5.1% (WARNING: below TSE 8% target — ROE guardrail triggered. Override: capex-heavy transition period; electrolyte growth pipeline.) | ~4.7% (thin — monitor for recovery to 7%+) | N/A (capex-heavy with Louisiana plant — verify against J-Quants when available) | |
| 185 | F.C.C. Co., Ltd. | 7296.T | 21.5 | LOW | — | — | N/A | N/A | |
| 186 | GREE Holdings (REALITY) | 3632.T | 21.5 | LOW | — | N/A (thin profitability; OP quarterly ~¥1B) | ~7.7% (Q3 FY2026 standalone: OP ¥1B / Rev ¥13B) | N/A | |
| 187 | Colopl | 3668.T | 21.5 | LOW | — | ~0% (returning from -0.4%; ¥170M Q1 profit on estimated equity ¥14B = ~4.9% annualized if sustained) | ~-1.8% (Q1 FY2027 operating loss ¥86M / revenue ¥4,772M; but ordinary profit positive ¥484M) | N/A (likely negative) | |
| 188 | Remixpoint, Inc. | 3825.T | 21.5 | LOW-MEDIUM | — | N/M | N/M | N/A | |
| 189 | Nippon Sanso Holdings Corporation | 4091.T | 21.5 | MEDIUM-HIGH | — | ~11% | ~14.6% (FY2026 guidance) | Positive | |
| 190 | ispace, inc. | 9348.T | 21.5 | LOW | N/M | -49.4% | -253.3% | N/A | |
| 191 | Axelspace Holdings | 402A.T | 21.5 | LOW | N/M | -61.4% | -342.5% | N/A | |
| 192 | SoftBank Group | 9984.T | 18.3 | LOW | 22.09 | ~43% nominal (OpenAI-inflated) | N/A (holding company) | -¥1,396B (approx) | |
| 193 | SUMCO | 3436.T | 13.5 | LOW | — | -1.54% | -0.8% | -¥11B | |
| 194 | ACSL Ltd. | 6232.T | 13.5 | LOW | — | -77.7% | -71% | -¥1.3B | |
| 195 | Cyberdyne | 7779.T | 9 | LOW | 125.47 | -0.13% | -11.95% | -¥222M |