T. Rowe Price Japan
PRJPX
NASDAQ- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- T. Rowe Price Japan Fund Inc. (PRJPX) is an open-end mutual fund that seeks long-term capital growth by investing principally in common stocks of established Japanese companies demonstrating strong growth potential. The fund normally invests at least 80% of its net assets in equity securities of companies located in Japan or with primary operations there, targeting firms across a wide range of industries and market capitalizations, with a blend style emphasizing large-cap stocks; its portfolio is diversified across sectors including industrials (23.82%), financial services (16.61%), technology (12.74%), consumer cyclical (12.31%), and basic materials (10.49%), with top holdings such as Sony Group Corp., Mitsubishi UFJ Financial Group Inc., Itochu Corp., Shin-Etsu Chemical Co. Ltd., and Seven & i Holdings Co. Ltd. Launched on December 30, 1991, and domiciled in the United States with total net assets of approximately $297 million, the fund operates globally but focuses exclusively on Japanese equities, available for sale primarily in the United States to retail and institutional investors. In July 2024, Hiroshi Watanabe assumed the role of lead portfolio manager, bringing expertise in Japanese equities to guide the fund's growth-oriented strategy. Recent portfolio adjustments in the fourth quarter of 2024 included significant expansions, such as adding 29 new stocks, increasing positions in Kawasaki Heavy Industries Ltd. and Honda Motor Co. Ltd., and strategic shifts reflecting emphasis on high-growth Japanese enterprises amid ongoing governance reforms. These moves align with T. Rowe Price's broader Asia-Pacific presence, established since opening its Tokyo office in 1982 as part of the firm's global expansion from its Baltimore headquarters, founded in 1937. The fund maintains a net expense ratio of 1.12%, with minimum initial investments of $2,500 and no front-end or deferred loads.