Scan is all about earnings yield vs bonds. That driver prints in 10 of 10. Steep curve + normal vol/credit = model wants cheap cash flow, not momentum. Industrials (2) and Consumer Cyclical (2) lead s

Konica Minolta, Inc. ($4902.T) tops at +28.5%, conf 87: ↑ downside risk and ↑ illiquidity. KANSAI ELECTRIC POWER CO INC ($9503.T) +26.5%: ↑ 6mo momentum and ↑ 6mo alpha vs SPY. Utilities at sec 100% is the tell — cheap defensives are being repriced. SoftBank Group Corp. ($9984.T) +22.1%: ↑ downside risk but ↓ 12mo momentum. Daiwa House Industry Co., Ltd. ($1925.T) same +22.1% except ↑ 12mo momentum. One is hated, one is working. That spread is interesting. Sumitomo Pharma Co., Ltd. ($4506.T) +20.8%: ↑ illiquidity and ↑ 60d volatility. Yamaha Motor Co., Ltd. ($7272.T) +19.9%: ↑ 6mo momentum but ↓ 12mo momentum. The Yokohama Rubber Company, Limited ($5101.T) +19.9%: ↑ downside risk but ↓ 12mo momentum. Cyclicals being bought for cash flow, not trend. Tokio Marine Holdings, Inc. ($8766.T) +19.3%: ↑ downside risk and ↑ 12mo momentum. Tokuyama Corporation ($4043.T) +18.8%: ↑ downside risk and ↑ illiquidity. TOPPAN Holdings Inc. ($7911.T) +17.5%: ↑ downside risk and ↑ 12mo momentum. Top of e

Konica Minolta, Inc. ($4902.T) tops at +28.5%, conf 87: ↑ downside risk and ↑ illiquidity. KANSAI ELECTRIC POWER CO INC ($9503.T) +26.5%: ↑ 6mo momentum and ↑ 6mo alpha vs SPY. Utilities at sec 100% i