If you use a discount broker or if your broker doesn’t give you access to overseas stocks, I’ve compiled a list of Japanese stocks with American ADRs. These ADRs trade on the New York Stock Exchange and the Nasdaq, so you should have no problem making trades even if your broker is as vanilla as they come. If you’re a real virgin and don’t know what an ADR is, it stands for American Depository Receipt and represents ownership in the shares of a non-U.S. company, but which trades on a U.S. exchange. An ADR is issued by a U.S. depository bank, trades just like a U.S. stock, and can be exchanged with the actual stock of the foreign corporation.
Here is the list of the 21 Japanese ADRs. Use this list to begin your research, and if you do have the ability to trade on foreign markets, you’ll probably be able to find some bigger bargains there. To help you drill down a bit quicker, I’ve listed any guru ownership after the stock name.
Advantest (ATE): Jim Simons owns shares
Canon (CAJ): Steven Cohen, Pioneer Investments, Ken Fisher, Ron Baron, Charles Brandes, and Jim Simons own shares.
Hitachi (HIT): Mario Gabelli and Jim Simons own shares
Honda (HMC): Bruce Kovner, Pioneer Investments, Charles Brandes, Tweedy Brown, Dodge & Cox, Ken Fisher, Steven Cohen, Jim Simons, and Sarah Ketterer own shares.
Internet Initiative Japan (IIJI): Jim Simons owns shares.
Konami (KNM): No gurus own shares.
Kubota (KUB): Jim Simons owns shares.
Kyocera (KYO): Jim Simons and Mario Gabelli own shares.
Makita (MKTAY): Ken Fisher and Charles Brandes own shares.
Mitsubishi UFJ Financial (MTU): Ken Fisher, Charles Brandes, Bruce Kovner, and Sarah Ketterer own shares.
Mistui (MITSY): Jim Simons and Ken Fisher own shares.
Mizuho Financial (MFG): David Dreman, Charles Brandes, and Jim Simons own shares.
Nidec (NJ): Jim Simons previously held shares, but currently does not.
Mizuho Financial (NTT): John Buckingham, David Dreman, Mario Gabelli, Charles Brandes, and Jim Simons owns shares.
Nomura (NMR): Steven Cohen, David Dreman, Ken Fisher, and Jim Simons own shares.
NTT DOCOMO (DCM): Jim Simons and Manning & Napier Advisors own shares.
Orix (IX): Jim Simons owns shares.
Panasonic (PC): Ken Fisher, Dodge & Cox, and Jim Simons own shares.
Sony (SNE): Louis Moore Bacon, Mario Gabelli, Jean-Marie Eveillard, Ken Fisher, Primecap Management, Dodge & Cox, Charles Brandes, Steven Cohen, and Jim Simons own shares.
Toyota Motor (TM): Bruce Kovner, Charles Brandes, John Rogers, Jim Simons, and Steven Cohen own shares.
Wacoal (WACLY): Jim Simons owns shares.
The Purchase Price
Disclosure: Long TM