Interim Management Statement

RNS Number : 8479U

SchroderJapan Growth Fund PLC

30 June 2009

 



SCHRODER JAPAN GROWTH FUND PLC

Interim Management Statement for the Quarter ended 30 April 2009

The Board of Schroder Japan Growth Fund Plc ('the Company') is pleased to announce its Interim Management Statement as required by the UK Listing Authority's Disclosure and Transparency Rules. This Statement is in respect of the period from 1 February 2009 to 30 April 2009. 

Investment Objective

The Company's principal investment objective is to achieve capital growth from an actively managed portfolio principally comprising securities listed on the Japanese stock markets, with the aim of achieving growth in excess of the TSE First Section Total Return Index over the longer term.

Material Events or Transactions

There have been no material events or transactions that have taken place between 1 February 2009 and the date of publication of this Statement. 

Company Statistics as at 30 April 2009

Gross Assets	£117.93million
Net Asset Value per Ordinary Share	76.92p
Share Price	64.75p
Discount	(15.82%)
Number of Holdings	67
Net Gearing	12.40%
Yield	0.00%

Cumulative Performance to 30 April 2009 (Total Return in percentage terms)

Performance over	3m	6m	1yr
Share Price	(3.4)	4.4	(23.2)
Net Asset Value	(6.7)	5.5	(20.3)
Japan TSE First Section	(5.1)	6.3	(10.5)

All Performance Data Source: Fundamental Data.

Portfolio Information as at 30 April 2009

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	Percentage of NAV
Toyota Motor	Consumer Goods	8,978,859	8.26
Mitsui & Company	Industrials	4,855,828	4.47
Tachihi Enterprise	Financials	4,089,874	3.76
Takeda Pharmaceutical	Healthcare	3,932,452	3.62
Ricoh	Technology	3,919,591	3.61
East Japan Railway	Consumer Services	3,325,621	3.06
Sankyo	Consumer Services	3,142,669	2.89
Sompo Japan Insurance	Financials	3,053,196	2.81
Sumitomo Mitsui Financial	Financials	2,856,910	2.63
Mitsubishi UJF Financial Group	Financials	2,855,425	2.63

Sector Allocation 

Sector

Percentage of NAV

Industrials	28.50
Financials	23.89
Consumer Services	18.98
Consumer Goods	17.95
Basic Materials	8.09
Healthcare	5.57
Telecommunications	4.99
Technology	4.48
Other net liabilities	(12.45)

Changes to Share Capital during the quarter ended at 30 April 2009

	Issued Ordinary shares of 25p each
As at 1 February 2009	125,008,200
Shares bought back and cancelled during the period	Nil
Shares bought for holding in treasury during the quarter	Nil
Shares already held in treasury	Nil
Shares cancelled from treasury	Nil
Shares remaining in issue as at 30 April 2009	125,008,200

Company Information as at 30 April 2009

SEDOL Code	0802284
Sector	Equity Investment Instruments
Launch Date	July 1994
Financial Year End	31 July
Next AGM Date	November 2009

Enquiries:

John Spedding                                                                                            30 June 2009

Schroder Investment Management Limited

Company Secretary

Tel: [phone] 

 

END

 

 

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