Japan Smaller Capitalization Fund (Japan Smaller Capitalization Fund) Retained Earnings : $-19.71 Mil (As of Feb. 2024)

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What is Japan Smaller Capitalization Fund Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Japan Smaller Capitalization Fund's retained earnings for the quarter that ended in Feb. 2024 was $-19.71 Mil.

Japan Smaller Capitalization Fund's quarterly retained earnings stayed the same from Feb. 2023 ($0.00 Mil) to Aug. 2023 ($0.00 Mil) but then declined from Aug. 2023 ($0.00 Mil) to Feb. 2024 ($-19.71 Mil).

Japan Smaller Capitalization Fund's annual retained earnings stayed the same from Feb. 2022 ($0.00 Mil) to Feb. 2023 ($0.00 Mil) but then declined from Feb. 2023 ($0.00 Mil) to Feb. 2024 ($-19.71 Mil).

Japan Smaller Capitalization Fund Retained Earnings Historical Data

The historical data trend for Japan Smaller Capitalization Fund's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Japan Smaller Capitalization Fund Retained Earnings Chart

Japan Smaller Capitalization Fund Annual Data

Trend

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Feb24

Retained Earnings

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0.87

-19.71

Japan Smaller Capitalization Fund Semi-Annual Data
	Aug17	Feb18	Aug18	Feb19	Aug19	Feb20	Aug20	Feb21	Aug21	Feb22	Aug22	Feb23	Aug23	Feb24
Retained Earnings	Get a 7-Day Free Trial									-	-76.77	-	-	-19.71

Japan Smaller Capitalization Fund Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Japan Smaller Capitalization Fund (NYSE:JOF) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Japan Smaller Capitalization Fund (Japan Smaller Capitalization Fund) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Japan Smaller Capitalization Fund Inc (NYSE:JOF) » Definitions » Retained Earnings

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Address

309 West 49th Street, Worldwide Plaza, New York, NY, USA, 10019

Website

https://funds.nomura-asset.com

Japan Smaller Capitalization Fund Inc is a United States-based non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investments in smaller capitalization Japanese equity securities. Its portfolio of investments consists of different sectors such as banks, chemicals, construction, electric appliances, financing business, food, Information and Communication, Utilities, Real Estate, and others.

Executives

She Yi	officer: Assistant Treasurer	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Rodney A Buck	director	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Atsushi Katayama	other: Lead Portfolio Manager	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Shinichi Masuda	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Melanie Dana Malc	officer: Assistant Treasurer	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Paige Ouimet	director	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Michael Morronngiello	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Hiroyasu Koike	other: CEO to the Adviser of JOF	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019
Junko Nakagawa	other: CEO to the Adviser of JOF	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Yuichi Nomoto	director, officer: President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Zheng Liu	officer: Vice President	WORLDWIDE PLAZA, 309 WEST 49TH STREET, NEW YORK NY 10019-7316
Takeshi Toyoshima	officer: Vice President	NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019
Lee Kelly So Young	officer: Assistant Treasurer	NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019
Marcia L Macharg	director	309 WEST 49TH STREET, NEW YORK NY 10019
Kunio Watanabe	other: CEO of Adviser of JOF	C/O NOMURA ASSET MANAGEMENT USA INC., 309 WEST 49TH STREET, NEW YORK NY 10019