We also added TechnoPro Holdings (TSE:6028), a company that specializes in the staffing of professionals such as mechanical, electrical and software engineers. Labor supply is tight in Japan and we expect the pricing environment to remain favorable for staffing companies with specialized offerings. Both of these companies operate highly cash-generative businesses and are committed to paying out a large portion of their profits to shareholders.
From Matthews Japan Fund (Trades, Portfolio) third quarter 2015 commentary.
