Of the 21 companies involved in its transactions in the fourth quarter ended Oct. 31, 2015, Hennessy Japan Fund (Trades, Portfolio) reduced its stakes in 13.
Its most noteworthy transaction, however, was its acquisition of a 115,600-share stake in SoftBank Group Corp. (TSE:9984, Financial), a Tokyo-based telecommunications company with operations in ecommerce, Internet, technology services, financial services and other businesses. The Fund paid an average price of ¥6,624.28 (about $55.56 in U.S. currency) per share. The deal had a 5.95% impact on the Fund’s portfolio.
It was the Fund’s only new buy of the quarter.
The Fund’s stake is 0.01% of the company’s outstanding shares and represents 5.95% of the Fund’s total assets.
SoftBank Group has a P/E of 13.6, a forward P/E of 12.4, a P/B of 2.4 and a P/S of 0.8. GuruFocus has given SoftBank Group a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
T. Rowe Price Japan Fund (Trades, Portfolio) is SoftBank’s leading shareholder among the gurus with 200,100 shares in its portfolio.
SoftBank Group sold for ÂĄ5,889 (approximately $49.39 in American money) per share Wednesday.
The Fund’s most significant reduction was its sale of 38,600 shares, more than 61% of its stake, in Toyota Motor Corp. (TSE:7203, Financial), an automaker based in Toyota, Aichi, Japan, for an average price of ¥7,406.59 (roughly $62.12 in American dollars) per share. The transaction had a -2.21% impact on the Fund’s portfolio.
The Fund’s stake of 24,400 shares is 1.37% of the Fund’s total assets.
Toyota has a P/E of 9.9, a forward P/E of 8.6, a P/B of 1.3 and a P/S of 0.8. GuruFocus has given Toyota a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
David Herro (Trades, Portfolio) is Toyota’s leading shareholder among the gurus with 16,858,000 shares in his portfolio.
Toyota sold for ÂĄ7,083 (about $59.41 in U.S. currency) per share Wednesday.
The Fund sold nearly 43% of its stake in Sumitomo Mitsui Financial Group Inc. (TSE:8316, Financial), the second-largest bank in Japan, selling 52,100 shares for an average price of ¥4,920.39 (approximately $41.27 in U.S. money) per share. The deal had a -2% impact on the Fund’s portfolio.
The transaction left the Fund with a stake of 69,600 shares, 0.01% of the company’s outstanding shares and 2.55% of the Fund’s total assets.
Sumitomo Mitsui has a P/E of 12.0, a forward P/E of 8.1, a P/B of 0.7 and a P/S of 1.8. GuruFocus has given Sumitomo Mitsui a Financial Strength rating of 7/10 and a Profitability and Growth rating of 6/10.
Causeway International Value (Trades, Portfolio) is Sumitomo Mitsui’s leading shareholder among the gurus with 2,684,300 shares in its portfolio.
Sumitomo Mitsui sold for ÂĄ4,459 (roughly $37.40 in American dollars) per share Wednesday.
The Fund cut its stake in FUJI Seal International Inc. (TSE:7864, Financial), a Japanese packaging company, by nearly 32%. The Fund sold 66,900 shares for an average price of ¥3,921.23 (about $32.89 in American currency) per share. The deal had a -1.78% impact on the Fund’s portfolio.
The Fund’s 144,800-share stake is 0.51% of FUJI’s outstanding shares and 4.52% of the Fund’s total assets.
FUJI has a P/E of 393.3, a forward P/E of 12.0, a P/B of 1.3 and a P/S of 0.8. GuruFocus has given FUJI a Financial Strength rating of 8/10 and a Profitability and Growth rating of 6/10.
FUJI sold for ÂĄ3,610 (approximately $30.28 in U.S. money) per share Wednesday.
The Fund reduced its stake in Sumitomo Corp. (TSE:8053, Financial), a Japanese general trading company, by more than 61%, selling 90,500 shares for an average price of ¥1,288.8 (roughly $10.81 in U.S. dollars) per share. The transaction had a -0.89% impact on the Fund’s portfolio.
The Fund’s stake of 57,600 shares is 0.58% of the Fund’s total assets.
Sumitomo has a P/E of 16.3, a forward P/E of 5.3, a P/B of 0.6 and a P/S of 0.4. GuruFocus has given Sumitomo a Financial Strength rating of 5/10 and a Profitability and Growth rating of 5/10.
T. Rowe Price Japan Fund (Trades, Portfolio) is Sumitomo’s leading shareholder among the gurus with a stake of 462,800 shares.
Sumitomo sold for ÂĄ1,226.5 (about $10.29 in American currency) per share Wednesday.
The Fund trimmed its stake in Rohto Pharmaceutical Co. Ltd. (TSE:4527), a Japanese consumer goods and pharmaceuticals company, by more than 9%, selling 38,300 shares for an average price of ¥1,979.34 (approximately $16.60 in American dollars) per share. The deal had a -0.58% impact on the Fund’s portfolio.
The Fund’s stake in Rohto Pharmaceutical is now 364,400 shares – 0.32% of Rohto’s outstanding shares and 5.52% of Rohto’s total assets.
Rohto has a P/E of 26.8, a forward P/E of 14.6, a P/B of 2.4 and a P/S of 1.7. GuruFocus has given Rohto a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Matthews Japan Fund (Trades, Portfolio) is Rohto’s leading shareholder among the gurus with 1,179,300 shares in its portfolio.
Rohto sold for ÂĄ2,369 (about $19.87 in U.S. currency) per share Wednesday.
The Fund reduced its position in Isuzu Motors Ltd. (TSE:7202), a Tokyo-based automotive company, by nearly 9%. The Fund sold 42,200 shares for an average price of ¥1,401.83 (approximately $11.76 in American dollars) per share. The transaction had a -0.5% impact on the Fund’s portfolio.
The Fund’s stake of 441,700 shares is 0.05% of Isuzu’s outstanding shares and 4.74% of the Fund’s total assets.
Isuzu has a P/E of 8.7, a P/B of 1.4 and a P/S of 0.5. GuruFocus has given Isuzu a Financial Strength rating of 8/10 and a Profitability and Growth rating of 7/10.
T. Rowe Price Japan Fund (Trades, Portfolio) is Isuzu’s leading shareholder among the gurus with 534,100 shares in its portfolio.
Isuzu sold for ÂĄ1,232.50 (about $10.34 in U.S. currency) per share Wednesday.
The Fund increased its stake in Unicharm Corp. (TSE:8113), a Tokyo-based chemicals company, by more than 16%, acquiring 43,500 shares for an average price of ¥2,449.92 (roughly $20.55 in U.S. money) per share. The deal had a 0.85% impact on the Fund’s portfolio.
With the purchase, the Fund’s stake in Unicharm is 0.05% of the company’s outstanding shares and 6.02% of the Fund’s total assets.
Unicharm has a P/E of 79.6, a P/B of 3.7 and a P/S of 2.1. GuruFocus has given Unicharm a Financial Strength rating of 9/10 and a Profitability and Growth rating of 7/10.
Matthews Japan Fund (Trades, Portfolio) is Unicharm’s leading shareholder among the gurus with 951,100 shares in its portfolio.
Unicharm sold for ÂĄ2,274 (approximately $19.07 in American dollars) per share Wednesday.
The Fund raised its stake in Keyence Corp. (TSE:6861), an Osaka, Japan-based electronics company, by just over 10%. The Fund purchased 1,300 shares for an average price of ¥56,980 (about $477.91 in U.S. currency) per share. The transaction had a 0.62% impact on the Fund’s portfolio.
The acquisition lifted the Fund’s stake in Keyence to 14,200 shares – 0.02% of the company’s outstanding shares and 6.79% of the Fund’s total assets.
Keyence has a P/E of 38.5, a P/B of 4.0 and a P/S of 11.6. GuruFocus has given Keyence a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Matthews Japan Fund (Trades, Portfolio) is Keyence’s leading shareholder among the gurus with 67,900 shares in its portfolio.
Keyence sold for ÂĄ61,850 (roughly $518.76 in American money) per share Wednesday.
The Fund increased its stake in Shimano Inc. (TSE:7309), a Japanese leisure products company, by nearly 7%. The Fund purchased 3,200 shares for an average price of ¥17,008.7 (approximately $142.66 in American dollars per share). The deal had a 0.46% impact on the Fund’s portfolio.
The Fund’s stake in Shimano is 49,200 shares – 0.05% of Shimano’s outstanding shares and 7.12% of the Fund’s total assets.
Shimano has a P/E of 20.7, a P/B of 4.7 and a P/S of 4.4. GuruFocus has given Shimano a Financial Strength rating of 7/10 and a Profitability and Growth rating of 8/10.
Shimano sold for ÂĄ18,110 (about $151.90 in U.S. currency) per share Wednesday.
To view the portfolios of more gurus, visit the List of Gurus page. Not a premium member of GuruFocus? Try it free for 7 days.
