Earnings yield vs bonds is the whole scan: 10 of 10 top Nikkei names. Model is buying cheap cash flow against a steep curve. Not a momentum book. Median conf 91. Range +7.2% to +13.7%. Watch the bond

Konica Minolta, Inc. ($4902.T) tops it at +13.7%, conf 91. Univ 100%, sec 100%. Drivers: ↑ earnings yield vs bonds, ↑ downside risk, ↑ 6mo momentum. KANSAI ELECTRIC POWER CO INC ($9503.T) is +11.6%, conf 91. Same earnings-yield anchor, but ↑ vol instability and ↑ max drawdown do extra work. Utilities only show up once here — not a sector call. SoftBank Group Corp. ($9984.T) +10.1%, conf 91. ↑ earnings yield vs bonds, ↑ downside risk, but ↓ 12mo momentum. Yamaha Motor Co., Ltd. ($7272.T) +9.5%, conf 91. Also cheap vs bonds, but ↓ 12mo momentum and ↑ 6mo momentum — model likes the turn. Consumer Cyclical gets two seats. Sumitomo Pharma Co., Ltd. ($4506.T) +9.2%, conf 91. ↑ earnings yield vs bonds, ↑ downside risk, ↑ illiquidity. Daiwa House Industry Co., Ltd. ($1925.T) +9.1%, conf 91. Same bond-spread factor, but ↓ downside risk and ↑ 12mo momentum. Real Estate vs Healthcare, same value pulse. Tokuyama Corporation ($4043.T) +8.5%, conf 91. ↑ earnings yield vs bonds, ↑ downside risk, ↑ il

Konica Minolta, Inc. ($4902.T) tops it at +13.7%, conf 91. Univ 100%, sec 100%. Drivers: ↑ earnings yield vs bonds, ↑ downside risk, ↑ 6mo momentum. KANSAI ELECTRIC POWER CO INC ($9503.T) is +11.6%, c