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T. Rowe Price Japan Fund's Q2 Portfolio Updates

Monica Wolfe

Monica Wolfe

131 followers
This past week, T. Rowe Price Japan Fund released its second quarter portfolio update. The fund purchased 19 new stocks during the second quarter, bringing its total to 95 stocks valued at approximately $256 million.



The following companies represent the stocks that the T. Rowe Price Japan Fund made notable increases or decreases to in their holdings.

Increases

Sumitomo Densetsu (TSE:1949)

During the second quarter the T Rowe Japan Fund upped their holdings in Sumitomo Densetsu by 1558.06%. The fund purchased a total of 96,600 shares of the company at an average price of ¥1371.73 per share. Since their buy, the price per share has increased an additional 3.2%. Since the company’s first purchase of Sumitomo in first quarter 2013, the share prices have jumped up 26.2%.

The Japan Fund now owns 102,800 shares of Sumitomo Densetsu, representing 0.29% of the company’s shares outstanding and 0.58% of the fund’s total portfolio.

T. Rowe Japan Fund’s holding history of Sumitomo Densetsu:



Sumitomo is an engineering company that is principally engaged in the construction of electric facilities. The company is involved in the design, construction and supervision of electric power transmission, distribution and transformation works, new energy and environment related works, buildings, factories and sanitary piping works, among others.

Sumitomo Densetsu’s historical price, revenue and net income:

1374166956537.png

The analysis on Sumitomo reports:

· The revenue has been in decline over the past 10 years.

· The price is nearing a 10-year high of ¥1528.00.

· The P/S ratio is close to a 3-year high of 0.35.

· The company has strong interest coverage.

Sumitomo has a market cap of ¥50.82 billion. Its shares are currently being traded at around ¥1416.00 with a P/E ratio of 10.58, a P/S ratio of 0.33 and a P/B ratio of 1.00. The dividend yield for the company is currently at 1.14%

T. Rowe Price Japan Fund is the only guru fund that maintains holdings in Sumitomo Densetsu.

Toyota Tsusho (TSE:8015)

T. Rowe increased their holdings in Toyota Tsusho by 89.27% during the second quarter. T. Rowe purchased a total of 47,400 shares valued at ¥2596.50 per share. Since this addition, the price per share has increased approximately 11.4%. Since the fund bought into the company in 2012, the price per share has increased 90.3%.

T. Rowe Japan Fund’s holding history on Toyota Tsusho:



Toyota Tsusho operates a very diverse business which spans across sectors such as industrial, commercial and consumer sectors. The company’s largest business is supporting Toyota Motor’s automobile business and other Toyota Group companies. The company operates seven divisions including Metals, Automotive, Chemicals & Electronics, Consumer Products & Services, Global Production Parts & Logistics, Machinery & Project and Food & Agribusiness.

Toyota Tsusho’s historical price, revenue and net income:

1374168397457.png

The company recently announced that it would be expanding its operations and businesses in East Africa.

The analysis on Toyota Tsusho reports:

· The company’s operating margin is expanding.

· The dividend yield is at a 3-year low.

· The company’s price is at a 5-year high.

· The P/S ratio is at a 3-year high.

Toyota Tsusho has a market cap of ¥1020.79 billion. Its shares are currently being traded at around ¥2892.00 with a P/E ratio of 15.04, a P/S ratio of 0.16 and a P/B ratio of 0.53. The company had an annual average earnings growth of 7.6% over the past 10 years.

Nagase & Co. (TSE:8012)

T. Rowe increased their holdings in Nagase & Co. 81.07% during the second quarter. The fund added 88,200 shares to their holdings at an average price of ¥1253.02 per share. Since this buy, the price per share has increased approximately 9% from the average purchase price.

T. Rowe now owns 197,000 shares of Nagase, representing 0.15% of the company’s shares outstanding and 0.98% of their total portfolio.

T. Rowe Japan Fund’s holding history of Nagase:



The Nagase Group consists of more than 100 companies and offices in Japan and overseas and offers trading, marketing, research and development as well as manufacturing and processing functions.

Nagase’s historical price, revenue and net income:

1374169634577.png

The analysis on Nagase reports:

· The revenue has been in decline over the past three years.

· The dividend yield is at a 3-year low.

· The price is nearing a 5-year high of ¥1424.00.

· The P/S ratio is close to a 3-year high of 0.27.

Nagase & Co. has a market cap of ¥171.95 billion. Its shares are currently being traded at around ¥1366.00 with a P/E ratio of 12.27, a P/S ratio of 0.27 and a P/B ratio of 0.55.

Decreases

Fuji Oil Co. (TSE:2607)

During the second quarter, T. Rowe sold 36,900 shares of Fuji Oil Stock representing a 64.74% decrease in their holdings on the company. The Japan fund sold these shares at an average price of ¥1560.16 per share. Since their sell, the price per share has increased an additional 8.9%. Since the fund purchased their first shares of Fuji in 2012, the price per share has increased approximately 48.7%.

The T. Rowe Price Japan Fund now holds on to 20,100 shares of Fuji Oil, representing a small 0.02% of the company’s shares outstanding and 0.14% of his total portfolio.

T. Rowe’s holding history of Fuji Oil:



Fuji Oil is a developer, manufacturer and vendor of various food products. The company’s portfolio includes: oils and fats, chocolate, whipping cream, frozen pie and cookie dough, soy products and retail products.

Fuji Oil’s historical price, revenue and net income:

1374174107585.png

The analysis on Fuji Oil reports:

· The revenue has been in decline for the past three years.

· The stock dividend yield is at a 3-year low.

· The P/S ratio is at a 3-year high.

· The price of Fuji is nearing a 10-year high of ¥1729.

Fuji Oil has a market cap of ¥146.91 billion. Its shares are currently being traded at around ¥1699 with a P/E ratio of 17.51, a P/S ratio of 0.63 and a P/B ratio of 1.07. The dividend yield for Fuji Oil stocks is at 1.32%.

Shizuoka Bank (TSE:8355)

T. Rowe Price Japan Fund also made a sizeable decrease in their holdings in Shizuoka Bank. The fund decreased their position -48.51% during the second quarter by selling 98,000 shares. They sold these shares at an average price of ¥1099.15 per share. Since their sell, the price per share has increased approximately 1%. Since the fund bought in to Shizuoka in second quarter 2012, the share price has increased approximately 38.3%.

The Price Japan Fund now holds on to 104,000 shares of Shizuoka Bank, representing 0.02% of the company’s shares outstanding and 0.44% of their total portfolio.

The fund’s holding history of Shizuoka:



Shizuoka Bank is a Japanese regional bank headquartered in Shizuoka, Shizuoka Prefecture. The company operates approximately 187 domestic banking branches.

Shizuoka Bank’s historical price, revenue and net income:

1374175842234.png

The analysis on Shizuoka reports:

· The revenue growth has slowed in the past year.

· The dividend yield is at a 3-year low.

Shizuoka Bank has a market cap of ¥721.8 billion. Its shares are currently being traded at around ¥1110.00 with a P/E ratio of 12.69, a P/S ratio of 3.71 and a P/B ratio of 0.07.

You can view T. Rowe Price Japan Fund’s current portfolio here. Also check out their undervalued and top growth companies.

Rating: 3.3/5 (4 votes)

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