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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.