The scan is paying for cheap earnings vs bonds. ↑ earnings yield vs bonds is the top driver in 10 of 10 names. Book is +6.8% to +12.8% 6m, median conf 91. No sector pile-up: 2 industrials, 2 consumer

Konica Minolta, Inc. ($4902.T) is the top name: Industrials, univ 100, sec 100, +12.8%, conf 91. Yield anchor, but ↑ downside risk and ↑ 6mo momentum add. KANSAI ELECTRIC POWER CO INC ($9503.T) +11.2%, Utilities, sec 100. Same yield anchor, different kicker: ↑ vol instability and ↑ max drawdown. SoftBank Group Corp. ($9984.T) +9.7%, Comm Services. Yield plus ↑ downside risk, but ↓ 12mo momentum is the drag. Yamaha Motor Co., Ltd. ($7272.T) +9.2%, Consumer Cyclical, sec 100. Yield anchor, but ↓ 12mo momentum and ↑ 6mo momentum—turn attempt. Daiwa House Industry Co., Ltd. ($1925.T) +8.8%, Real Estate. Yield plus ↑ 12mo momentum, and ↓ downside risk means it screens less fragile. Sumitomo Pharma Co., Ltd. ($4506.T) +8.1%, Healthcare. Yield is the only real positive; ↓ 6mo momentum and ↓ 6mo alpha vs SPY are working against it. The Yokohama Rubber Company, Limited ($5101.T) +8.1%, Consumer Cyclical, conf 89. Yield plus ↑ downside risk, but ↓ 12mo momentum. Tokuyama Corporation ($4043.T) +8

Konica Minolta, Inc. ($4902.T) is the top name: Industrials, univ 100, sec 100, +12.8%, conf 91. Yield anchor, but ↑ downside risk and ↑ 6mo momentum add. KANSAI ELECTRIC POWER CO INC ($9503.T) +11.2%