Interim Management Statement

RNS Number : 8701W

SchroderJapan Growth Fund PLC

17 June 2008

 



SCHRODER JAPAN GROWTH FUND PLC

Interim Management Statement for the Quarter ended 30 April 2008

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 2008 to 30 April 2008. 

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 2008 and the date of publication of this Statement. 

Company Statistics as at 30 April 2008

Gross Assets	£144.77 million
Net Asset Value per Ordinary Share	96.45p
Share Price	84.25p
Premium/(Discount)	(12.65%)
Number of Holdings	70
Net Gearing	17.80%
Yield	0.00%

 

Cumulative Performance to 30 April 2008 (Total Return in percentage terms)

Performance over	3m	6m	1yr
Share Price	5.0	(11.8)	(17.0)
Net Asset Value	0.6	(7.9)	(10.8)
Japan TSE First Section	4.0	(1.8)	(6.3)

All Performance Data Source: Fundamental Data.

Portfolio Information as at 30 April 2008

Ten Largest Holdings 

Stock Name	Sector Classification	Market Value (£)	Percentage of NAV (%)
Toyota Motor	Consumer Goods	8,376,505	5.90
Mitsui & Company	Industrials	7,544,425	5.31
Takeda Pharmaceutical	Healthcare	5,065,963	3.57
Tachihi Enterprise	Financials	4,977,948	3.50
Sumitomo Mitsui Financial	Financials	4,903,345	3.45
Bridgestone	Consumer Goods	4,403,749	3.10
Ricoh	Technology	4,331,184	3.05
T&D Holdings	Financials	3,654,017	2.57
Mizuho Financial	Financials	3,574,133	2.52
East Japan Railway	Consumer Services	3,468,397	2.44

Sector Allocation 

Sector

Percentage of NAV (%)

Financials	29.34
Industrials	27.89
Consumer Goods	18.45
Basic Materials	14.35
Consumer Services	13.85
Healthcare	5.61
Technology	4.43
Telecommunications	3.86
Other net liabilities	(17.77)

Changes to Share Capital during the quarter ended at 30 April 2008

	Issued Ordinary shares of 25p each
As at 1 February 2008	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 2008	125,008,200

Company Information as at 30 April 2008

SEDOL Code	0802284
Sector	Equity Investment Instruments
Launch Date	July 1994
Financial Year End	31 July
Next AGM Date	November 2008

Enquiries:

John Spedding

Schroder Investment Management Limited

Company Secretary

Tel: [phone] 

17 June 2008

 

END

 

 

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