5 New Stocks for T. Rowe Price Japan Fund

Second-quarter picks from the country

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Jul 18, 2017
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On Tuesday, the T. Rowe Price Japan Fund (Trades, Portfolio) reported that it bought five new stocks in the second quarter: Sakata Inc. Corp. (TSE:4633, Financial), Ezaki Gilco Co. Ltd. (TSE:2206, Financial), Disco Corp. (TSE:6146, Financial), Renesas Electronics Corp. (TSE:6723, Financial), Solasto Corp. (TSE:6197, Financial).

The fund is managed by Archibald Cinager, CFA, and pulled in 2.87% trailing total returns in the past 10 years, compared to 1% in the MSCI ACWI Ex USA NR USD, and 15.59% year to date, versus 17.08% in the same index. The fund consists of 94.4% Japan stocks and 5.6% cash, with its main sectors in IT & Services, Machinery and Electric Appliances and Precision Instruments.

Sakata Inc. Corp. (TSE:4633, Financial)

T. Rowe Equity Income Fund bought 222,600 shares of Sakata Inx Corp., a 0.64% portion of the stocks in the portfolio. The stock traded for 1,654 yen on average in the quarter.

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Sakata Inx Corp has a market cap of 114.18 billion yen; its shares were traded around $1892.00 with a P/E ratio of 13.38 and P/S ratio of 0.75. The trailing 12-month dividend yield of Sakata Inx Corp stocks is 1.43%. The forward dividend yield of Sakata Inx Corp stocks is 1.48%. Sakata Inx Corp had an annual average earnings growth of 8% over the past 10 years.

Ezaki Gilco Co. Ltd. (TSE:2206, Financial)

The fund purchased 52,400 shares of Ezaki Gilco Co. Ltd, a 0.51% portion of the stocks. The company’s shares price for the quarter averaged 6,059 yen.

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Ezaki Glico Co Ltd has a market cap of 403.03 billion yen; its shares were traded around $6160.00 with a P/E ratio of 22.19 and P/S ratio of 1.14. The trailing 12-month dividend yield of Ezaki Glico Co Ltd stocks is 0.65%. The forward dividend yield of Ezaki Glico Co Ltd stocks is 0.65%. Ezaki Glico Co Ltd had an annual average earnings growth of 10% over the past 10 years.

Disco Corp. (TSE:6146, Financial)

The fund purchased 17,300 shares of Disco Corp., a 0.5% portion of the portfolio. The company’s average stock price for the quarter was 18,130 yen.

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Disco Corp has a market cap of $683.26 billion; its shares were traded around 19210.00 yen with a P/E ratio of 28.35 and P/S ratio of 5.11. The trailing 12-month dividend yield of Disco Corp stocks is 1.96%. The forward dividend yield of Disco Corp stocks is 2.10%. Disco Corp had an annual average earnings growth of 10.70% over the past 10 years.

Renesas Electronics Corp. (TSE:6723, Financial)

The fund purchased 306,000 shares of Renesas Electronics Corp., a 0.48% portion of the portfolio. The stock’s price for the quarter was 1,030 yen on average.

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Renesas Electronics Corp has a market cap of $1688.86 billion; its shares were traded around $1016.00 with a P/E ratio of 26.35 and P/S ratio of 2.60.

Solasto Corp. (TSE:6197, Financial)

The fund purchased 173,000 shares of the Solasto Corp., a 0.41% portfolio portion. The company’s share price for the quarter averaged 1492 yen.

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Solasto Corp has a market cap of $44.45 billion; its shares were traded around 1473.00 yen with a P/E ratio of 18.47. The trailing 12-month dividend yield of Solasto Corp stocks is 2.94%. The forward dividend yield of Solasto Corp stocks is 2.87%.

See the portfolio here.Â