(Alliance News) - Nippon Active Value Fund PLC on Tuesday said it outperformed the "essentially flat" MSCI Japan Small Cap index, and remains confident in its "highly selective, concentrated approach". Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - Net asset value per share climbs 20% to 169.2 pence as at December 31, from 140.5p a year prior. NAV total return per share improves to 23% in 2023 from 3.5% in 2022, and outperforms the MSCI Japan Small Cap index sterling terms, which had a total return of 7.8%. Declares dividend of 1.6p per share for 2023, halved from 3.2p in 2022. Chair Rosemary Morgan says: "Global markets ended the year strongly, as investors had more confidence that inflation had been brought under control, a recession would be averted and that interest rates were at or near their peak. A return to modest inflation in Japan after years of embedded deflation has been seen as positive and the Nikkei 225 index recently reached its highest levels since 1989 in yen terms." Looking ahead, she says: "We remain confident that the investment adviser will continue to identify attractive new targets within a broader spectrum of the market capitalisation range and to continue to deliver significant returns for shareholders." Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - Announces that KK BCJ-74, which is indirectly owned by a fund that receives investment advice from Bain Capital Private Equity LP has launched a tender offer to acquire all of the shares in T&K Toka Co Ltd. As part of this, NAVF agrees to tender its existing holding in T&K Toka in the tender offer as part of the transaction. Says T&K Toka has a bright future under its new ownership. Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - Posts September net asset value of 158.71 pence, up from 149.10p in August and September total net assets of GBP179.4 million, up from GBP168.5 million in August. Says towards the end of the month, the market saw a marked sell-off, particularly in small caps, which has continued into the first half of October. Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - Migrates to trading on premium segment of main market of London Stock Exchange, effective on Thursday. Further, notes progress on proposed rollovers of assets of abrdn Japan Investment Trust PLC and Atlantic Japan Growth Fund Ltd. Nippon Chair Rosemary Morgan says: "The migration brings a range of benefits for the company, including the potential for broadening its investor base and increasing share liquidity. It is also an important part of the process associated with completing the proposed combinations of the company with abrdn Japan Investment Trust and Atlantis Japan Growth Fund." Read More
(Alliance News) - The following is a round-up of earnings of London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Atlantis Japan Growth Fund Ltd and Nippon Active Value Fund PLC on Friday both announced they had agreed terms for a merger, where Atlantis Japan would roll over its shares into Nippon Active. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More
(Alliance News) - Nippon Active Value Fund PLC on Thursday reported net asset value growth for 2022. Read More
(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News: Read More
(Alliance News) - Nippon Active Value Fund PLC on Friday said its tender offer in T&K Toka Co Ltd shares will not go ahead, as it did not meet the minimum threshold as outlined in the tender offer's launch in early January. Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - announces a tender offer for T&K TOKA Co Ltd to begin on January 10. The offer, made in conjunction with Hikari Acquisition KK and Michael 1925 LLC is for up to 4.9 million shares at JPY1,300 per share. Toka is a manufacturer of ink, resin and associated products. The tender is conditional on at least 4.0 million shares being tendered, with the maximum being 4.9 million shares. The offer will end on February 20 2023, as of September 30 last year, Toka had 22.4 million shares in issue. Nippon is set to purchase 59.3% of the shares, while Michael 1925 will purchase 29.5% and Hikaru 11.2%. Read More
(Alliance News) - Nippon Active Value Fund PLC on Thursday recorded disappointing results as it underperformed against its benchmark index in a difficult year. Read More
(Alliance News) - The following stocks are the leading risers and fallers among London Main Market small-caps on Thursday. Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - Reaches an agreement with investment advisors Rising Sun Management Ltd and Dalton Investments LLC. Dalton clients will now be able to invest in the shares of Japanese listed companies whose securities are already owned by Nippon Active, subject to approval by the Nippon Active board. The company will also be able to purchase securities held by Dalton's clients, subject to approval. Company explains this agreement is in addition to an existing arrangement with Rising Sun. Read More
Nippon Active Value Fund PLC - Japan-focused investment firm - Notes that investee Rising Sun Management has raised its offer for Intage Holdings to JPY1,950 per share from JPY1,900, valuing Intage at JPY78.8 billion. Read More
(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Thursday and not separately reported by Alliance News: Read More