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About the company
Nippon Active Value Fund Plc is a United Kingdom-based closed-ended investment company. The investment objective of the Company is to provide Shareholders with attractive capital growth through the active management of a focused portfolio of quoted companies which have the majority of their operations in, or revenue derived from, Japan and that have been identified by the Investment Adviser as being undervalued. The Company seeks to invest in a concentrated portfolio of shares issued by quoted companies which have their operations in, or revenue derived from Japan. The Company invests in various sectors, including industrial, materials, communication services, healthcare, financials and cash. The Company’s alternative investment fund manager is FundRock Management Company (Guernsey) Limited and its investment adviser is Rising Sun Management Limited.
- Revenue in GBP (TTM)53.13m
- Net income in GBP47.56m
- Incorporated2019
- Employees--
- LocationNippon Active Value Fund plc6th Floor, 125 London WallLondon EC2Y 5ASUnited KingdomGBR
- Phone+44 207 653 9690
- Websitehttps://www.nipponactivevaluefund.com/
Profile
| Management group(s) | Rising Sun Management Ltd |
|---|---|
| AIC sector | Japanese Smaller Companies |
| ISIN | GB00BKLGLS10 |
| Launch date | 21 Feb 2020 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
Objective
The investment objective of the Company is to provide Shareholders with attractive long-term capital growth primarily through the active management of a focused portfolio of quoted companies which that have the majority of their operations in, or revenue derived from, Japan , or a majority of whose consolidated net assets are held in Japan, or that are included in the TOPIX, and that have been identified by the Investment Adviser as being undervalued
Managed by
| James B. Rosenwald, Gifford Combs, Kazutaka Mizuochi, Paul ffolkes Davis |
|---|
Management & contract fees
Annual fee calculated as 0.85% of the Company net assets (exclusive of VAT).
Mergers & acquisitions
| Acquired company | NAVF:LSE since announced | Transaction value |
|---|---|---|
| Atlantis Japan Growth Fund Ltd | 23.45% | -- |
| Aberdeen Japan Investment Trust Plc-Assets | 23.45% | -- |
Peer analysis
- Key Information
- Stock Performance
- Per Share Data
- Efficiency
- Management Effectiveness
- Profitability
- Financial Strength
- Growth Rates
| Company | Revenue (TTM) | Net income (TTM) | Market cap | Employees | Price/earnings (TTM) | Price/book value (MRQ) | Price/cash flow (TTM) | Price/sales (TTM) | EPS (excl. extraordinary items, TTM) | EPS (incl. extraordinary items, TTM) | Revenue per share (TTM) | Book value per share (MRQ) | Asset turnover (TTM) | Inventory turnover (TTM) | Receivables turnover (TTM) | Revenues per employee (TTM) | Return on avg assets (TTM) | Return on avg assets (5 yr avg) | Return on investment (TTM) | Return on investment (5 yr avg) | Gross margin (TTM) | Gross margin (5 yr avg) | Net profit margin (TTM) | Net Profit margin (5 yr avg) | Quick ratio (MRQ) | Interest coverage (TTM) | Total debt to capital (MRQ) | Payout ratio (5 yr avg) | Revenue (YOY change %) | Revenue (5 yr growth rate) | Net income (YOY change %) | Net income (5 yr growth rate) | Capital expenditure (5 yr growth rate) | Dividend (5 yr growth rate) |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| CT Private Equity Trust PLC | 29.48m | 13.78m | 317.87m | 0.00 | 23.41 | 0.6306 | 23.06 | 10.78 | 0.1893 | 0.1893 | 0.4047 | 7.03 | 0.05 | -- | 47.94 | -- | 2.34 | 12.98 | 2.62 | 14.19 | 50.36 | 85.27 | 46.76 | 83.91 | -- | -- | 0.1597 | 25.46 | -63.14 | -5.65 | -79.22 | -15.52 | -- | 14.26 |
| Gore Street Energy Storage Fund PLC | 54.51m | 44.59m | 318.21m | 0.00 | 6.80 | 0.5582 | -- | 5.84 | 0.0926 | 0.0926 | 0.1132 | 1.13 | 0.1009 | -- | 56.55 | -- | 8.25 | -- | 8.27 | -- | -- | -- | 81.80 | -- | -- | -- | 0.00 | -- | 49.52 | -- | 49.11 | -- | -- | -- |
| Lowland Investment Company P L C | 57.32m | 52.79m | 320.17m | 0.00 | 6.07 | 0.9165 | -- | 5.59 | 0.1954 | 0.1954 | 0.2122 | 1.29 | 0.1507 | -- | 28.43 | -- | 13.88 | -0.4307 | 14.62 | -0.4574 | 93.43 | -47.57 | 92.09 | -82.02 | -- | -- | 0.0786 | -- | 193.87 | 27.65 | 181.43 | 32.72 | -- | 2.97 |
| Henderson International Income Trust PLC | 8.47m | 3.19m | 323.36m | 0.00 | 101.48 | 0.939 | -- | 38.19 | 0.0163 | 0.0163 | 0.0432 | 1.76 | 0.022 | -- | 2.56 | -- | 0.8299 | 4.38 | 0.8481 | 4.51 | 68.68 | 85.64 | 37.63 | 76.59 | -- | -- | 0.069 | 79.55 | -54.91 | -16.03 | -76.65 | -27.93 | -- | 7.10 |
| Henderson Eurotrust PLC | 31.38m | 27.02m | 324.14m | 0.00 | 12.00 | 0.926 | -- | 10.33 | 0.1276 | 0.1276 | 0.1481 | 1.65 | 0.0896 | -- | 13.42 | -- | 7.72 | 6.92 | 7.93 | 7.15 | 91.32 | 91.70 | 86.11 | 86.12 | -- | -- | 0.00 | 27.92 | 215.75 | 21.45 | 200.92 | 23.62 | -- | 4.50 |
| CT UK Capital and Income Invst Trust PLC | 41.80m | 38.32m | 326.51m | 0.00 | 8.94 | 1.06 | -- | 7.81 | 0.3578 | 0.3578 | 0.3942 | 3.02 | 0.1255 | -- | 20.14 | -- | 11.51 | 2.36 | 12.54 | 2.53 | 93.52 | 81.28 | 91.69 | 76.10 | -- | -- | 0.0736 | 122.95 | 197.74 | 15.90 | 184.64 | 16.81 | -- | -3.49 |
| Biotech Growth Trust PLC | -87.00m | -92.03m | 331.86m | 0.00 | -- | 1.21 | -- | -- | -2.33 | -2.33 | -2.25 | 8.18 | -0.23 | -- | -- | -- | -24.32 | 1.67 | -25.77 | 1.81 | -- | 57.38 | -- | 51.84 | -- | -- | 0.0375 | 0.00 | 82.55 | -- | 79.60 | -- | -- | -- |
| Invesco Bond Income Plus Ltd | 36.48m | 31.82m | 332.90m | 0.00 | 9.68 | 1.03 | -- | 9.13 | 0.1788 | 0.1788 | 0.2056 | 1.69 | 0.0918 | -- | 8.33 | -- | 8.01 | 2.73 | 10.87 | 3.70 | 94.84 | 85.82 | 87.24 | 76.70 | -- | 17.17 | 0.1363 | 171.77 | 214.89 | -- | 191.91 | -- | -- | 2.83 |
| Nippon Active Value Fund PLC | 53.13m | 47.56m | 338.56m | -- | 5.20 | 1.06 | -- | 6.37 | 0.3444 | 0.3444 | 0.4077 | 1.69 | 0.2215 | -- | 25.45 | -- | 19.83 | -- | 19.87 | -- | 97.30 | -- | 89.52 | -- | -- | 19.45 | -- | -- | 680.97 | -- | 833.54 | -- | -- | -- |
| Baillie Gifford European Growth Trst PLC | 24.20m | 27.88m | 345.76m | 0.00 | 12.52 | 1.06 | -- | 14.29 | 0.0776 | 0.0776 | 0.0675 | 0.9141 | 0.0649 | -- | 9.30 | -- | 7.48 | -0.1853 | 7.51 | -0.1878 | 89.31 | -101.85 | 115.22 | -68.24 | -- | -- | 0.137 | -- | 110.14 | -- | 111.50 | -- | -- | -31.74 |
| Abrdn UK Smlr Cmpn Grth Trst PLC | 2.30m | -3.53m | 347.13m | 0.00 | -- | 0.896 | -- | 151.12 | -0.0242 | -0.0242 | 0.0263 | 5.09 | 0.0049 | -- | 2.48 | -- | -0.7528 | -0.6925 | -0.7996 | -0.7179 | -109.23 | -173.12 | -153.81 | -218.75 | -- | -- | 0.057 | -- | 82.34 | -- | 79.96 | -- | -- | 9.46 |
| Impact Healthcare REIT PLC | 50.53m | 48.83m | 348.90m | 0.00 | 7.14 | 0.7298 | -- | 6.90 | 0.1179 | 0.1179 | 0.122 | 1.15 | 0.08 | -- | 48.40 | -- | 7.73 | 6.48 | 7.92 | 6.60 | 98.28 | 98.55 | 96.64 | 82.24 | -- | -- | 0.2734 | 75.31 | 17.66 | 23.67 | 189.15 | 24.28 | -2.78 | 2.44 |
| abrdn Asian Income Fund Limited | 16.30m | 8.74m | 351.00m | 0.00 | 40.63 | 0.8969 | -- | 21.54 | 0.0527 | 0.0527 | 0.0966 | 2.39 | 0.0366 | -- | 7.97 | -- | 1.96 | 5.42 | 2.12 | 5.81 | 81.34 | 89.80 | 53.65 | 77.56 | -- | 6.12 | 0.0745 | 69.17 | 256.76 | -- | 151.24 | -- | -- | 5.13 |
| Franchise Brands PLC | 124.40m | 3.50m | 355.59m | 414.00 | 64.82 | 1.68 | 29.53 | 2.86 | 0.0283 | 0.0283 | 0.877 | 1.09 | 0.4788 | 15.41 | 3.69 | 300,471.00 | 1.35 | 5.75 | 1.73 | 7.45 | 38.83 | 36.99 | 2.81 | 6.65 | 0.6840 | 6.71 | 0.3379 | 34.30 | 93.42 | 31.87 | 237.27 | -- | 66.22 | 31.95 |
| Baillie Gifford Shin Nippon PLC | -75.99m | -81.91m | 356.36m | 0.00 | -- | 0.7917 | -- | -- | -0.2616 | -0.2616 | -0.2429 | 1.48 | -0.1286 | -- | -- | -- | -13.86 | -2.20 | -15.64 | -2.31 | -- | -- | -- | -- | -- | -- | 0.00 | -- | -8,177.23 | -- | -1,062.68 | -- | -- | -- |
| abrdn New India Investment Trust PLC | -3.38m | -13.30m | 359.27m | 0.00 | -- | 0.9535 | -- | -- | -0.2106 | -0.2106 | -0.0607 | 7.26 | -0.0075 | -- | -- | -- | -2.94 | 4.79 | -3.15 | 5.14 | -- | 87.11 | -- | 68.68 | -- | -3.41 | 0.0622 | 0.00 | -160.20 | -- | -184.43 | -- | -- | -- |
| Holder | Shares | % Held |
|---|---|---|
| Dalton Investments LLCas of 30 Jun 2023 | 38.46m | 20.33% |
| 1607 Capital Partners LLCas of 25 Oct 2023 | 14.71m | 7.78% |
| Evelyn Partners Investment Management LLPas of 11 Oct 2023 | 5.94m | 3.14% |
| Brooks Macdonald Asset Management Ltd.as of 31 Jan 2022 | 3.07m | 1.62% |
| Brompton Asset Management LLPas of 12 Apr 2024 | 2.82m | 1.49% |
| Hawksmoor Investment Management Ltd.as of 30 Apr 2023 | 2.74m | 1.45% |
| Jupiter Asset Management Ltd.as of 31 Dec 2023 | 1.83m | 0.97% |
| Vanguard Global Advisers LLCas of 31 Jan 2024 | 1.03m | 0.54% |
| Premier Fund Managers Ltd.as of 30 Nov 2023 | 900.00k | 0.48% |
| BlackRock Investment Management (UK) Ltd.as of 29 Feb 2024 | 862.80k | 0.46% |
