Overview
Prospect Japan’s objective is to achieve long-term capital growth from a portfolio of securities, primarily of smaller companies traded on Japanese Stock Markets.
To achieve the objective of delivering consistent long-term performance, Prospect Japan invests in Japanese growth as well as cyclical companies with strong management teams that possess a clear vision and focus on profitability and shareholders’ interests. The investment process is driven by proprietary fundamental research identifying companies with below average valuations and above average Earnings Growth and ROE.
Prospect Japan also invests in companies that have undervalued assets where it identify a realistic catalyst for positive change. This represents an enhancement of our investment process reflecting what it believes are exciting new opportunities in the Japanese equity market. It believes these types of companies compliment our stock picking expertise of growth companies in the Japanese domestic sectors, enabling it to identify the best opportunities for long term capital appreciation in Japan caused by ongoing consolidation.
Research History
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18 Jan 2018 1 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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03 Aug 2017 1 min read
QuotedData investment companies roundup – August 2017
QuotedData investment companies roundup – August 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of July 2017. Kindly sponsored by Baillie Gifford. August Investment Companies Roundup Monthly NAV/Price moves: A couple of themes stand out […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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14 Jun 2017 1 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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1 min read
QuotedData’s round up of views on the global economy – April 2017
A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]
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15 Mar 2017 1 min read
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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14 Feb 2017 1 min read
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
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08 Apr 2015 1 min read
Is Japan on the road to recovery? – a look at the sector
A falling population, enormous government debt, low to no growth, persistent deflation; this is not most people’s idea of the recipe for attractive investment returns. While they disagree on the impact of government efforts to kick-start the economy, the investment managers of investment companies specialising in Japan believe many Japanese companies can thrive regardless. Japan
News
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01 Jun 2017 2 min read
Prospect Japan Fund announces offer from Prospect Co
The board of directors of Prospect Co., Ltd. (“Prospect”) and the independent directors of The Prospect Japan Fund Limited have announced that they have reached agreement on the terms of a recommended share for share exchange offer to be made by Prospect Co. for the entire issued and to be issued share capital Prospect Japan […]
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23 Mar 2017 2 min read
Prospect Japan posts “disappointing” results
Prospect Japan’s chairman says that, for the year ended 31 December, 2016, the company had a disappointing year with a decline in published NAV of 9.49% compared with MSCI Japan Small Cap Index’s increase of 8.22%. Furthermore, the share price has fallen from $1.05 to $0.89 with an increased discount to published NAV of 27% (2015: […]
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11 Jan 2017 2 min read
Investment manager bids for Prospect Japan
The independent directors of Prospect Japan Fund today announce that they are in preliminary discussions in respect of a possible offer by Prospect for the entire issued and to be issued share capital of Prospect Japan Fund (the “Possible Offer”). The independent directors of Prospect Japan Fund, who have received financial advice from Stockdale Securities Limited, consider […]
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19 Aug 2016 2 min read
Prospect Japan challenges beansprout takeout price
Prospect Japan reports a slight increase in its NAV per share from US cents 135.53 at 31 December 2015 to US cents 137.64 at 30 June, 2016. It underperformed over the period with a gain of 0.7% (based on published NAV) as against the MSCI Japan Small Cap Index (Total Return) for the six months of […]
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21 Apr 2016 3 min read
Prospect Japan benefits from stake in management company
Prospect Japan Fund, which reports its results in US dollar terms, says that for 2015, it achieved a gain, in Dollar terms, of 19.13% as against the MSCI Japan Small Cap Index increase of 15.74%. The Yen:Dollar exchange rate at 31 December, 2015 was virtually unchanged from a year earlier. The largest contributors to 2015 […]
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08 Jan 2016 2 min read
Miton Global Opportunities underperforms in first half
Miton Global Opportunities, formerly Miton Worldwide Growth Investment Trust PLC, has announced its interim results for the six-months ended 31 October 2015. During the period, the company’s NAV total return was -4.4% and its share price total return was -2.8%. These compare against a return of -3.6% on the MSCI world and a 1.3% return […]
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11 Aug 2015 1 min read
Prospect Japan struggles in H1 2015
Prospect Japan has published interim figures covering the first half of 2015. We are having trouble understanding the statement – the text says “The Prospect Japan Fund (the “Company”) underperformed the MSCI Japan Small Cap Index (Total Return) by 26.7% in the six months to 30 June, 2015 (falling by 12.3% against a total return […]
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28 Apr 2015 1 min read
Prospect Japan NAV performance does not reflect rise in value of largest holding
Prospect Japan says its net asset value rose by 9.2% over the course of 2014 – well ahead of the -0.12% return on the MSCI Japan Small cap Index but these numbers are calculated on an IFRS basis where their investment in a convertible bond issued by the manager is valued at $51m vs. its $25m cost. […]
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26 Sep 2014 1 min read
Prospect Japan considers investment in its manager
PJF : Prospect Japan considers investment in its manager Prospect Japan has announced that it is considering invest 3bn Yen ($28m) into a convertible issued by the ultimate parent of its fund manager. The convertible, to be issued by Gro-Bels Co Ltd., will have a coupon of 4% and converts into Gro-Bels’ shares at 60 […]
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31 Jan 2014 1 min read
Prospect Japan : PJF – change of investment policy
Prospect’s manager is keen that their investment remit be expanded, arguing that if they are allowed to take larger positions in companies and engage with them to encourage share buy-backs, asset sales and reconstructions, the fund will benefit. To that end the Board is proposing that the maximum investment in any one company be set […]