The scan is a rates trade, not a sector call: earnings yield vs bonds is the top driver on all 10 names. Book is +7.0% to +13.3% over 6m, median conf 91. Consumer Cyclical and Real Estate each have 2

Konica Minolta, Inc. ($4902.T): Industrials, univ/sec 100/100, +13.3%, conf 91. Downside risk and 6mo momentum separate it. KANSAI ELECTRIC POWER CO INC ($9503.T): Utilities, +11.8%, conf 91. Vol instability and max drawdown are the extra pushes. SoftBank Group Corp. ($9984.T): Comm Services, +10.0%, conf 91. Downside risk helps; negative 12mo momentum is the drag. Yamaha Motor Co., Ltd. ($7272.T): Consumer Cyclical, +9.8%, conf 91. 6mo momentum positive, 12mo momentum negative. Daiwa House Industry Co., Ltd. ($1925.T): Real Estate, +9.3%, conf 91. Downside risk drags; 12mo momentum helps. Tokuyama Corporation ($4043.T): Basic Materials, +9.0%, conf 91. Illiquidity and downside risk stand out. Sumitomo Pharma Co., Ltd. ($4506.T): Healthcare, +8.1%, conf 91. 6mo momentum and 6mo alpha vs SPY both hurt. Nomura Holdings, Inc. ($8604.T): Financial Services, +8.0%, conf 91. Downside risk and 12mo momentum push it up. The Yokohama Rubber Company, Limited ($5101.T): Consumer Cyclical, +7.9%,

Konica Minolta, Inc. ($4902.T): Industrials, univ/sec 100/100, +13.3%, conf 91. Downside risk and 6mo momentum separate it. KANSAI ELECTRIC POWER CO INC ($9503.T): Utilities, +11.8%, conf 91. Vol inst