Book runs +17.2% to +29.5%, median conf 80. Every one of the 10 longs is powered by earnings yield vs bonds. That is the model's weight. This is a value and bond spread scan, not a growth chase. Regim

KANSAI ELECTRIC POWER CO INC ($9503.T) tops it: univ 100%, sec 100%, +29.5%, conf 80. What is different: ↑ 6mo momentum, ↑ 6mo alpha vs SPY. Konica Minolta, Inc. ($4902.T) is right behind at +28.2%. What is different: ↑ downside risk, ↑ illiquidity. Kansai is the lone Utility. Konica is the lone Industrials name. Idemitsu Kosan Co.,Ltd. ($5019.T) +27.8%. What is different: ↓ 12mo momentum, ↑ 6mo momentum. Daiwa House Industry Co., Ltd. ($1925.T) +24.0%: ↑ downside risk, ↑ 12mo momentum. SoftBank Group Corp. ($9984.T) +23.7%: ↑ downside risk, ↑ 6mo momentum. Same spread, different momentum clocks. Yamaha Motor Co., Ltd. ($7272.T) +22.7%: ↓ 12mo momentum, ↑ 6mo momentum. Sumitomo Pharma Co., Ltd. ($4506.T) +22.2%: ↑ 12mo momentum, ↑ illiquidity. Suzuki Motor Corporation ($7269.T) +21.8%, conf 78: ↑ downside risk, ↑ 12mo momentum. Consumer Cyclical is showing up three times. Not a sector purity signal, but the cluster matters. The Yokohama Rubber Company, Limited ($5101.T) +19.9%, conf 76

KANSAI ELECTRIC POWER CO INC ($9503.T) tops it: univ 100%, sec 100%, +29.5%, conf 80. What is different: ↑ 6mo momentum, ↑ 6mo alpha vs SPY. Konica Minolta, Inc. ($4902.T) is right behind at +28.2%. W