T. Rowe Price Japan Comments on Keyence

Guru stock highlight

Jun 21, 2021

Summary

The company's performance lagged.

In the electric appliances and precision instruments industry, our large overweight position in Keyence (TSE:6861, Financial), which sells sensors used in factory automation, lagged. Its shares gave back some ground after reaching a record high late last year. However, we believe longer-term performance should remain supported by a recovery in both sales growth and demand.

From the T. Rowe Price Japan Fund (Trades, Portfolio)'s 2021 semiannual report.

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