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T. Rowe Price Japan Fund’s Top 5 New Buys

Holly LaFon

Holly LaFon

267 followers
The T. Rowe Price Japan Fund has $264.14 million in net assets and has returned 25.27% year to date. Since inception in 1991 it has returned 1.31%. There are 95 positions in the portfolio, of which 19 are new in the second quarter, for 26% quarter-over-quarter turnover. The largest of the new positions include: Olympus Corporation (TSE:7733), SECOM Co. Ltd. (TSE:9735), Toyota Industries Corp (TSE:6201), Suntory Beverage & Food Ltd. (TSE:2587) and Sumitomo Corp. (TSE:8053).

New Buys

Sumitomo Corp. (TSE:8053)

The fund bought 182,000 shares of Sumitomo Corp. for 1,254 yen in the second quarter, equal to 0.89% of the fund. The price has since increased 5%.



Sumitomo Corp. has a market cap of 1.66 trillion; its shares were traded at around $1314.00 with a P/E ratio of 7.47 and P/S ratio of 0.55. The dividend yield of Sumitomo Corp. stocks is 3.15%.

Suntory Beverage & Food Ltd. (TSE:2587)

The fund purchased 79,600 shares of Suntory Beverage & Food Limited in the second quarter, equal to 0.97% of the portfolio. The stock trades at 3,635 yen per share on Wednesday.

Suntory, a domestic and international food and non-alcoholic beverage business, has a 1.15 trillion yen market cap. It held its initial public offering in July 2013.

Toyota Industries Corp (TSE:6201)

The fund purchased 64,700 shares of Toyota Industries Corporation for 3,926 yen on average in the second quarter, equal to 1% of the portfolio. The price has since increased 13% to 4,450 yen per share.



Toyota Industries Corporation has a market cap of $1.37 trillion; its shares were traded with a P/E ratio of 26.11 and P/S ratio of 0.86. The dividend yield of Toyota Industries Corporation stocks is 1.11%. Toyota Industries Corporation had an annual average earnings growth of 9% over the past five years.

SECOM Co. Ltd. (TSE:9735)

The fund purchased 53,800 shares of SECOM for 5,219 yen per share on average in the second quarter. The price has since increased 9%.



SECOM Co. Ltd. has a market cap of 1.22 trillion; its shares were traded at around 5,690 yen with a P/E ratio of 19.49 and P/S ratio of 1.62. The dividend yield of SECOM Co. Ltd. stocks is 1.66%. SECOM Ltd. had an annual average earnings growth of 33.2% over the past 10 years.

Olympus Corporation (TSE:7733)

The fund purchased 129,000 shares of Olympus Corp. for 2,772 yen per share on average in the second quarter. The holding is 1.5% of the portfolio and the largest new purchase. The price has since increased 8%.



Olympus Corporation has a market cap of 9.23 trillion; its shares were traded at around 2,983 yen with a P/E ratio of 103.09 and P/S ratio of 1.11. Olympus Corporation had an annual average earnings growth of 0.4% over the past 10 years.

See T. Rowe Price Japan Fund’s portfolio here. Also check out the Undervalued Stocks, Top Growth Companies and High Yield stocks of T. Rowe Price Japan Fund.

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