The scan is leaning hard on one thing: earnings yield vs bonds. It’s the top driver in 10 of 10. Not a stock-picker’s tape — a duration/value trade with a risk kicker. Confidence sits at 86-87, so the

Konica Minolta, Inc. ($4902.T) +30.4% Industrials. ↑ downside risk +0.0194, ↑ illiquidity +0.0105. KANSAI ELECTRIC POWER CO INC ($9503.T) +28.3% Utilities. ↑ 6mo mom +0.0142, ↑ 6mo alpha vs SPY +0.0123. SoftBank Group Corp. ($9984.T) +24.1% Comm Svcs. ↑ downside risk +0.0231, ↓ 12mo mom -0.0167. Yamaha Motor Co., Ltd. ($7272.T) +24.1% Consumer Cyclical. ↓ 12mo mom -0.0181, ↑ 6mo mom +0.0142. Daiwa House Industry Co., Ltd. ($1925.T) +23.6% Real Estate. ↑ downside risk +0.0231, ↑ 12mo mom +0.0155. Sumitomo Pharma Co., Ltd. ($4506.T) +22.8% Healthcare. ↑ illiquidity +0.0124, ↓ 6mo mom -0.0111. The Yokohama Rubber Company, Limited ($5101.T) +21.0% Consumer Cyclical. ↓ 12mo mom -0.0130, ↑ downside risk +0.0102. Tokio Marine Holdings, Inc. ($8766.T) +20.9% Financials. ↑ downside risk +0.0231, ↑ 12mo mom +0.0208. Tokuyama Corporation ($4043.T) +19.9% Basic Materials. ↑ downside risk +0.0162, ↑ illiquidity +0.0112. Tokyo Electron Limited ($8035.T) +18.4% Technology. ↑ downside risk +0.0231, ↑

Konica Minolta, Inc. ($4902.T) +30.4% Industrials. ↑ downside risk +0.0194, ↑ illiquidity +0.0105. KANSAI ELECTRIC POWER CO INC ($9503.T) +28.3% Utilities. ↑ 6mo mom +0.0142, ↑ 6mo alpha vs SPY +0.012