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Hennessy Japan Small Cap Fund’s Top Second Quarter Stocks

Monica Wolfe

Monica Wolfe

118 followers
The Hennessy Japan Small Cap Fund (Trades, Portfolio) recently released their second quarter holdings. These holdings consisted of 59 stocks, including six new buys, valued at $15 million. The following five stocks represent the five largest holdings of the fund’s as of the close of the second quarter.

BIC Camera (TSE:3048)

Hennessy Small Cap holds the largest position in BIC Camera where they own 58,500 shares of the company’s stock. This position makes up for 2.8% of the fund’s total portfolio as well as 0.03% of the company’s shares outstanding.

The fund did not alter their position over the past quarter. Since their last move in the first quarter the price per share has increased approximately 33.3%.

Hennessy Small Cap’s historical holding history:

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BIC CAMERA INC. operates electronic retail stores throughout Japan focusing on the Tokyo metropolitan area. It sells audio and video equipments, electrical home appliances and telecommunication equipments. It also runs an Internet shopping site.

BIC Camera’s historical revenue and net income:

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The analysis on BIC Camera reports that the company’s dividend yield is near a 5-year low, its price is near a 10-year high and its P/S ratio is near a 5-year high.

The Peter Lynch Chart suggests that the company is currently undervalued:

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BIC Camera has a market cap of ¥135.86 billion. Its shares are currently trading at around ¥794 with a P/E ratio of 15.70, a P/S ratio of 0.17 and a P/B ratio of 1.63.

S Foods (TSE:2292)

The fund’s second largest holding is in S Foods where they hold on to 30,000 shares of the company’s stock. This position makes up for 2.7% of their total assets managed as well as 0.11% of the company’s shares outstanding.

The small cap focused fund did not alter their position over the past quarter, but since their buy in the first quarter of 2014 the price per share is trading up approximately 40.1%.

The fund’s historical holding history:

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S Foods is engaged in the wholesaling, manufacturing, retailing and foodservice of meat-related foods products.

S Foods’ historical revenue and net income:

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The analysis on S Foods reports that the company’s dividend yield is near a 5-year low, its price is near a 10-year high and over the past three years the company has issued ¥5.6 billion of debt.

The Peter Lynch Chart suggests that the company is currently undervalued:

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S Foods has a market cap of ¥41.81 billion. Its shares are currently trading at around ¥1473 with a P/E ratio of 12.10, a P/S ratio of 0.25 and a P/B ratio of 1.01. The company had an annual average earnigns growth of 2.80% over the past five years.

Sumida Corp (TSE:6817)

Over the past quarter Hennessey’s third largest holding was in Sumida Corp where they hold on to 64,400 shares of the company’s stock. These shares represent 2.6% of Hennessey’s total portfolio as well as 0.28% of the company’s shares outstanding.

The fund did not alter their position in Sumida over the past quarter. Since the fund’s buy in the first quarter the price per share of the company jumped up 31.4%.

Hennessey’s historical holdings of Sumida:

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Sumida Corp manufactures electronic components and modules that are based on coils. Its products include Signal products, power solution products, and power inductors such as RF transformers, Transformers for DC/DC converter and switching power supply, and common mode choke coils.

Sumida’s historical revenue and net income:

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The analysis on Sumida reports that the company’s price is close to a 3-year high, its dividend yield is near a 3-year low and its P/S ratio is near a 2-year high.

Sumida has a market cap of ¥16.46 billion. Its shares are currently trading at around ¥708 with a P/S ratio of 0.24 and a P/B ratio of 1.23. The company had an annual average earnings growth of 15.60% over the past five years.

Information Services International-Dentsu (TSE:4812)

Information Services Internation-Dentsu is Hennessey Japan’s fourth largest position with 29,800 shares. This position makes up for 2.5% of the small cap fund’s portfolio as well as 0.09% of the company’s shares outstanding.

Hennessey did not alter their holdings in the company over past quarter. The company added to their holdings during the first quarter, and since then the price per share has gone up 12.3%.

The guru’s historical holding history:

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Information Services Internl-Dentsu Ltd provides integrated business solutions. The company plans, designs, develops, and maintains systems and provides consulting services, hardware configuration, and software support.

Information Services’ historical revenue and net income:

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The analysis on Information Services’ reports that the company’s revenue per share has slowed down over the past year, its dividend yield is near a 5-year low and its price is near a 5-year high.

The Peter Lynch Chart suggests that the company is currently overvalued:

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Information Services International-Dentsu has a market cap of ¥40.6 billion. Its shares are currently trading at around ¥1278 with a P/E ratio of 14.20 and a P/S ratio of 0.55. The company had an annual average earnings growth of 33.70% over the past five years.

Okamura Corporation (TSE:7994)

The guru’s fifth largest holding is in Okamura Corp where they hold on to 44,000 shares of the company’s stock. This makes up for 2.5% of their total portfolio as well as 0.04% of the company’s shares outstanding.

The fund did not alter their position over the past quarter. The last time the fund altered their position was in the third quarter of 2014, and since then the price per share has increased approximately 11.5%.

The guru’s historical holding history:

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Okamura Corporation is engaged in the manufacture of office furniture & commercial equipment.

Okamura’s historical revenue and net income:

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The analysis on Okamura reports that the company’s price is near a 5-year high, its Piotroski F-Score is high and its P/S ratio is near a 3-year high.

Okamura has a market cap of ¥97.06 billion. Its shares are currently trading at around ¥878 with a P/E ratio of 16.00 and a P/S ratio fo 0.46. The company had an annual average earnings growth of 23.30% over the past five years.

Check out Hennessy Japan Small Cap Fund (Trades, Portfolio)’s complete second quarter portfolio here.

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