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Fidelity Japan Trust plc (FJV) Ordinary 25p

Sell:218.00p Buy:222.00p 0 Change: 1.00p (0.45%)
FTSE All Share:0.46%
Market closed |  Prices as at close on 24 October 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Fidelity Japan Trust plc Ordinary 25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 24 Oct 2025)

The board of Fidelity Japan Trust plc (FJV) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of FJV shares have been offered AVI Japan Opportunity Trust plc (AJOT) shares in place of their holding. If you do not want to receive AJOT shares, you have the option to elect to receive cash instead.

 

You have two options to consider before our deadline of noon on Thursday 6 November 2025.

 

Option 1 - Rollover into AVI Japan Opportunity Trust plc (DEFAULT). You can rollover your holding and receive AJOT shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to AJOT shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 50% of the company’s issued share capital, meaning if you elect to receive cash for more than 50% of your shares, your election may be scaled back and you may receive the default terms (AJOT for some of your shares) instead.

 

Information on how entitlements under the above two options will be calculated is provided in the frequently asked questions sent by post / secure message.

 

Electing for cash – Act by noon Thursday 6 November 2025

 

Before making an election for cash, we recommend that you read the full details of the scheme which can be found at https://investment-trusts.fidelity.co.uk/fidelity-japan-trust/.

 

If the proposals are approved, they will become effective on 27 November 2025. The new AJOT shares are due from 28 November 2025. The cash resulting from option 2 is due around 11 December 2025.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:218.00p
Buy:222.00p
Change: 1.00p (0.45%)
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
Market closed |  Prices as at close on 24 October 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Fidelity Japan Trust plc Ordinary 25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 24 Oct 2025)

The board of Fidelity Japan Trust plc (FJV) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of FJV shares have been offered AVI Japan Opportunity Trust plc (AJOT) shares in place of their holding. If you do not want to receive AJOT shares, you have the option to elect to receive cash instead.

 

You have two options to consider before our deadline of noon on Thursday 6 November 2025.

 

Option 1 - Rollover into AVI Japan Opportunity Trust plc (DEFAULT). You can rollover your holding and receive AJOT shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to AJOT shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 50% of the company’s issued share capital, meaning if you elect to receive cash for more than 50% of your shares, your election may be scaled back and you may receive the default terms (AJOT for some of your shares) instead.

 

Information on how entitlements under the above two options will be calculated is provided in the frequently asked questions sent by post / secure message.

 

Electing for cash – Act by noon Thursday 6 November 2025

 

Before making an election for cash, we recommend that you read the full details of the scheme which can be found at https://investment-trusts.fidelity.co.uk/fidelity-japan-trust/.

 

If the proposals are approved, they will become effective on 27 November 2025. The new AJOT shares are due from 28 November 2025. The cash resulting from option 2 is due around 11 December 2025.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Sell:218.00p
Buy:222.00p
Change: 1.00p (0.45%)
Market closed |  Prices as at close on 24 October 2025 Prices delayed by at least 15 minutes | Switch to live prices |
Scheme of Arrangement

Fidelity Japan Trust plc Ordinary 25p

Type:
Scheme of Arrangement
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 24 Oct 2025)

The board of Fidelity Japan Trust plc (FJV) is proposing to wind up the company via a scheme of reconstruction. Under the terms of the scheme, holders of FJV shares have been offered AVI Japan Opportunity Trust plc (AJOT) shares in place of their holding. If you do not want to receive AJOT shares, you have the option to elect to receive cash instead.

 

You have two options to consider before our deadline of noon on Thursday 6 November 2025.

 

Option 1 - Rollover into AVI Japan Opportunity Trust plc (DEFAULT). You can rollover your holding and receive AJOT shares. If you would like this option you do not need to take any action.

 

Option 2 - Cash option. As an alternative to AJOT shares, you can instead elect to receive cash in place of all or part of your holding. The cash option is subject to a limit of 50% of the company’s issued share capital, meaning if you elect to receive cash for more than 50% of your shares, your election may be scaled back and you may receive the default terms (AJOT for some of your shares) instead.

 

Information on how entitlements under the above two options will be calculated is provided in the frequently asked questions sent by post / secure message.

 

Electing for cash – Act by noon Thursday 6 November 2025

 

Before making an election for cash, we recommend that you read the full details of the scheme which can be found at https://investment-trusts.fidelity.co.uk/fidelity-japan-trust/.

 

If the proposals are approved, they will become effective on 27 November 2025. The new AJOT shares are due from 28 November 2025. The cash resulting from option 2 is due around 11 December 2025.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter and not on the summary information outlined above.

×
Deal now Deal for just £11.95 per trade in a Stocks and Shares ISA, Lifetime ISA , SIPP or Fund and Share Account
Deal now
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
221.00p
Trade high:
223.00p
Year high:
226.00p
Estimated NAV:
228.42
Previous close:
220.00p
Trade low:
218.00p
Year low:
140.50p
Premium/Discount:
-3.25%
Previous:
1.00p (0.45%) Previous:
1.00p
Volume:
241,697
Dividend yield:
n/a
Currency:
GBX
Data delayed by at least 15 minutes.

Share chart Chart

Price

  • Net Asset Value (NAV)
FIDELITY JAPAN performance chart

The chart is based on estimated NAV but will be updated with actual NAV when available.

Premium/Discount

FIDELITY JAPAN performance chart
Full interactive share price and premium / discount charts

Performance

1 week 1W 1.38% 1 year 1Y 44.26%
1 month 1M 4.76% 2 years 2Y 44.26%
3 months 3M 8.91% 3 years 3Y 38.36%
6 months 6M 25.36% 5 years 5Y 5.77%

Performance figures are based on the previous close price. Past performance is not an indication of future performance.

Trust Basics

Benchmark: TOPIX Total Return Index TR GBP
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 1.03%
Dividend yield: n/a
Dividend frequency: None
Total assets: £294m
Gross gearing: 13%
Market capitalisation:Market cap.: £251m
Shares in issue: 113.68 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB0003328555

Dividend information for this stock is not available.

Dividend information for this stock is not available.

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Important Documents



Objective

To achieve long term capital growth by investing predominantly in equities and their related securities of Japanese companies.

NET ASSET VALUE (NAV)

Estimated NAV: 228.42p
Latest actual NAV: 228.83p
Latest actual NAV date: 22 October 2025
Premium/Discount: -3.25%
12m average Premium/Discount: -9.23%
NAV frequency: Daily
Security Weight
Mizuho Financial Group Inc 6.66%
Osaka Soda Co Ltd 4.48%
Sony Group Corp 3.70%
Recruit Holdings Co Ltd 3.49%
Toyota Industries Corp 3.39%
Yonex Co Ltd 3.24%
ASOVIEW INC 2.89%
RIKEN KEIKI Co Ltd 2.79%
Hitachi Ltd 2.58%
Ryohin Keikaku Co Ltd 2.13%
Sector Weight
Industrials 25.42%
Consumer Cyclical 17.67%
Technology 15.87%
Financial Services 9.79%
Basic Materials 8.62%
Communication Services 5.84%
Healthcare 3.91%
Consumer Defensive 3.91%
Real Estate 0.70%
Utilities 0.59%
Country Weight
Japan 92.32%

Key Dates

Launch date: 15 March 1994
Financial year end: December
Next AGM: May 2026

Annual & interim reports

Value Assessment

Value Assessment review date: 30 June 2025
Value Assessment next review date: 30 June 2026
Is Assessment of Value required under COLL: No
Outcome of COLL Assessment of Value: n/a
Outcome of PRIN Value Assessment or review: Product expected to provide fair value for reasonably foreseeable period
Other review related to value and or charges: -
Further information: -
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.