The scan is one factor: earnings yield vs bonds is the top driver in 10 of 10. Median conf 91, book +6.2% to +12.8%. Steep curve, normal credit. Model wants cheap cash flow, not growth stories.

Konica Minolta ($4902.T) is the clean top: +12.8%, conf 91, Industrials, univ/sec 100. Yield anchor, but ↑ downside risk and ↑ 6mo momentum are the difference. KANSAI ELECTRIC POWER CO INC ($9503.T) is the utility version: +10.6%, conf 91, ↑ vol instability and ↑ max drawdown. SoftBank Group Corp. ($9984.T) is the weird one: +9.6%, conf 91, ↑ downside risk helps, ↓ 12mo momentum drags. Yamaha Motor Co., Ltd. ($7272.T) — +9.4%, conf 91, Consumer Cyclical, sec 100. Yield anchor, ↓ 12mo momentum but ↑ 6mo momentum. That’s a reversal print. Daiwa House Industry Co., Ltd. ($1925.T) — +9.1%, conf 91, Real Estate. ↓ downside risk is the drag, ↑ 12mo momentum is the lift. Sumitomo Pharma Co., Ltd. ($4506.T) — +8.2%, conf 91, Healthcare. ↓ 6mo momentum and ↓ 6mo alpha vs SPY both drag. Ranks on yield, not price. Tokuyama Corporation ($4043.T) — +7.8%, conf 91, Basic Materials. ↑ downside risk and ↑ illiquidity are the differentiators. That illiquidity is a warning, not a feature. The Yokohama R

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