Skip Header

Final Results for the year ended 31 December 2024

Fidelity

Fidelity - Investment Team

Key Highlights:

  • During the year ended 31 December 2024, Fidelity Japan Trust PLC (“the Company”) reported a Net Asset Value (NAV) total return of -1.8% while the Reference Index, the TOPIX Total Return Index (in sterling terms), rose +10.0%.
  • Over the same period, the ordinary share price total return of the Company was -5.7%.
  • Following news of the retirement of Nicholas Price at the end of 2025, his Assistant Portfolio Manager, Ying Lu, will become the Portfolio Manager of the company with effect from 1 October 2025.
  • The Board is proposing an unconditional tender offer of 100% of the Company’s issued share capital following the three years to 31 December 2027.

News & Insights - Japan Trust PLC

The case for Japan

Amid heightened global market volatility triggered by President Trump’s trade…


Jeremy Osborne

Jeremy Osborne

Investment Director

Japan: What to expect in 2025

Fidelity Japan Trust portfolio manager Nicholas Price shares his outlook for …


Nicholas Price

Nicholas Price

Portfolio Manager, Fidelity Japan Trust PLC

Japan: Why small and mid cap companies look particularly attractive

Following Donald trump's recent election victory, Nicholas reflects on the im…


Nicholas Price

Nicholas Price

Portfolio Manager, Fidelity Japan Trust PLC