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Fidelity Japan Trust PLC - Kent, England-based investment trust focused on Japan - On Wednesday, reported a loss on investment of GBP85.7 million in the six months ended June 30, swinging from a profit of GBP3.1 million the previous year. Income falls to GBP1.8 million from GBP2 million. Net assets value per share at June 30 164.47 pence, down from 240.73p at December 31. NAV return in the half is negative 31.7%, underperforming the firm's unnamed reference index which returned negative 10.0% in the same period. Calls the first half of the year "difficult", notes headwinds for the Japanese yen, inflation and supply chain disruption. Looking forward, expects "macroeconomic uncertainty".
Current stock price: 171.50p
12-month change: down 22%
By Heather Rydings; heatherrydings@alliancenews.com
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