FIDELITY JAPAN TRUST PLC

BEECH GATE MILLFIELD LANE, LOWER KINGSWOOD, TADWORTH, KT20 6RP

Previous name: FIDELITY JAPANESE VALUES PLC (changed on 22-May-2018)

Company Number: 02885584
Incorporation date: 07-Jan-1994
Status: Active
Entity type: Public Limited Company

SIC codes:
64301 Activities of investment trusts

SUMMARY

This company is 30.3 years old and is currently active. The company has positive equity (net assets) of GBP 252.5 million which has increased from GBP 187.5 million in the previous year. The latest reported revenue figure is GBP 2.9 million which is similar to the previous year's figure of GBP 2.8 million. Retained earnings is negative (GBP -14.4 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 6 active officers (directors or partners) who are or were officers of 28 other companies, 4 (14.3%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.

FINANCIALS (BETA)

Next accounts due: 30-Jun-2024
Accounts Filed: FULL (31-Dec-2022)

P&L Financials:

Year end	Currency	Revenue	Interest Paid
31-Dec-2019	GBP	2,906,000	93,000
31-Dec-2018	GBP	2,795,000	143,000
31-Dec-2017	GBP

Balance Sheet Financials:

Year end	Currency	Cash	Current Assets	Share Capital	Premium Reserve	Retained Earnings	Net Assets
31-Dec-2019	GBP	1,196,000	5,143,000	34,041,000	20,722,000	-14,374,000	252,491,000
31-Dec-2018	GBP		11,143,000	34,041,000	20,722,000	-14,771,000	187,530,000
31-Dec-2017	GBP	908,000	2,683,000	34,041,000	20,722,000	-14,674,000	222,527,000

VALUATION EVENTS (BETA)

Year end	Currency	% Equity	Sum raised	Pre-Money Valuation*	Post-Money Valuation*	Enterprise Value**

Insufficient available data for calculating valuations.

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All apointments (active/resigned)
Active	FIL INVESTMENTS INTERNATIONAL	18 Jan 1994	16 Apr 2024			4 - 2

DIRECTORS

Status	Name	Appointed on	Resigned on	Occupation	Nationality	All appointments (active/resigned)	Dissolved companies (rate)
Active	Seiichi FUKUYAMA	01 Mar 2024		Advisor	Japanese	1 - 0	0 (0.0%)
Active	Myra CHAN	17 Oct 2022		Director	Belgian	1 - 0	0 (0.0%)
Active	David James BARRON	20 Oct 2020		Director	British	4 - 15	4 (21.1%)
Active	Sarah Juliet MACAULAY	22 May 2018		Non-Executive Director	British	3 - 3	2 (33.3%)
Active	David Rowley GRAHAM	22 May 2018		Company Director	British	3 - 4	1 (14.3%)
Active	Dominic Martin Matthew ZIEGLER	17 Nov 2014		Company Director	British	2 - 0	0 (0.0%)
Resigned	Mami MIZUTORI	17 Nov 2014	01 Feb 2018	Company Director	Japanese	0 - 3	0 (0.0%)
Resigned	David Anthony ROBINS	01 Feb 2011	18 May 2021	Company Director	British	7 - 33	10 (25.0%)
Resigned	Laurence Henry Philip, Sir MAGNUS	01 Oct 2010	19 May 2020	Director And Charity Trustee	British	6 - 23	5 (17.2%)
Resigned	Philip Bruce, Dr KAY	29 Oct 2004	31 Dec 2020	Director	British	2 - 8	1 (10.0%)
Resigned	David John MILLER	29 Oct 2004	24 May 2016	Director	British	1 - 12	4 (30.8%)
Resigned	Nicholas Charles Faithorn BARBER	04 Dec 2000	31 Dec 2012	Consultant	British	1 - 23	4 (16.7%)
Resigned	Simon John FRASER	11 May 2000	04 Jun 2015	Company Director	British	0 - 10	1 (10.0%)
Resigned	William Ronald Erskine THOMSON	01 May 1997	10 May 2012	Company Director	British	0 - 22	5 (22.7%)
Resigned	John Paul, The Rt Hon Sir STANLEY	10 Feb 1994	31 Mar 2005	Member Of Parliament	British	0 - 6	2 (33.3%)
Resigned	John Alston MORRELL	10 Feb 1994	24 Apr 2002	Consultant	British	0 - 34	15 (44.1%)
Resigned	Peter, Sir PARKER	10 Feb 1994	01 May 1997	Company Director	British	0 - 40	6 (15.0%)
Resigned	Robert Alexander HAMMOND CHAMBERS	10 Feb 1994	31 Dec 2004	Company Director	British	1 - 32	8 (24.2%)
Resigned	Barry Richard James BATEMAN	18 Jan 1994	11 May 2000	Company Director	British	0 - 41	13 (31.7%)
Resigned	Pamela Gaye EDWARDS	18 Jan 1994	07 Jan 1995	Solicitor	Australian	0 - 21	10 (47.6%)
Resigned	INSTANT COMPANIES LIMITED	07 Jan 1994	18 Jan 1994			3 - 28690	13112 (45.7%)
Resigned	SWIFT INCORPORATIONS LIMITED	07 Jan 1994	18 Jan 1994			3 - 82441	35412 (43.0%)
Resigned	SWIFT INCORPORATIONS LIMITED	07 Jan 1994	07 Jan 1995			3 - 82441	35412 (43.0%)

Number of active directors: 6
Average tenure of active directors: 4.4 years
Average tenure of resigned directors: 7.9 years
Average active director Dissolution Rate: 11.4%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name	Seiichi FUKUYAMA	Myra CHAN	David James BARRON	Sarah Juliet MACAULAY	David Rowley GRAHAM	Dominic Martin Matthew ZIEGLER
ARTEMIS ALPHA TRUST PLC (00253644) - Active			✔
LAZARD ASSET MANAGEMENT LIMITED (00525667) - Active					✔
BAILLIE GIFFORD EUROPEAN GROWTH TRUST PLC (01055384) - Active			✔
MITON ASSET MANAGEMENT LIMITED (01949322) - Active			✔
LAZARD FUND MANAGERS LIMITED (01970853) - Active					✔
SCHRODER ASIAN TOTAL RETURN INVESTMENT COMPANY PLC (02153093) - Active				✔
ABERDEEN NEW THAI INVESTMENT TRUST PLC (02448580) - Liquidation				✔
JPMORGAN CHINA GROWTH & INCOME PLC (02853893) - Active					✔
AFRICA & ASIA VENTURE LTD (02862313) - Active					✔
FIDELITY JAPAN TRUST PLC (02885584) - Active	✔	✔	✔	✔	✔	✔
MITON ESOP TRUSTEE LIMITED (03400984) - Active			✔
ALPHA SECURITIES TRADING LIMITED (03759568) - Active			✔
MITON TRUST MANAGERS LIMITED (04569694) - Active			✔
THE ASSOCIATION OF INVESTMENT COMPANIES (04818187) - Active			✔
MITON GROUP LIMITED (05160210) - Active			✔
THE REAL BOAT COMPANY LIMITED (05345367) - Active						✔
PSIGMA ASSET MANAGEMENT LIMITED (05375371) - Dissolved			✔
PREMIER MITON GROUP PLC (06306664) - Active			✔
JPMORGAN INCOME & CAPITAL TRUST PLC (06453183) - Active				✔
THE WORK FOUNDATION ALLIANCE LIMITED (07746776) - Active			✔
BLACKROCK SUSTAINABLE AMERICAN INCOME TRUST PLC (08196493) - Active			✔
THE COVENT GARDEN PHYSIOTHERAPY CLINIC LIMITED (08471627) - Active			✔
MITON GROUP SERVICE COMPANY LIMITED (08732051) - Active			✔
JPMORGAN MULTI-ASSET GROWTH & INCOME PLC (11118654) - Active				✔
DUNEDIN INCOME GROWTH INVESTMENT TRUST PLC (SC000881) - Active			✔
TEMPLETON EMERGING MARKETS INVESTMENT TRUST PUBLIC LIMITED COMPANY (SC118022) - Active					✔
INTELLI INVESTMENTS LIMITED (SC174605) - Dissolved			✔
INTELLI DEALING COMPANY LIMITED (SC186086) - Dissolved			✔
DMWS 504 LIMITED (SC219287) - Dissolved			✔

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES

no controlling companies

FIDELITY JAPAN TRUST PLC

no controlled companies

LATE PAYMENTS REPORT

This company has not filed any late payment reports possibly because it is not considered \'Large\'.

COURT CASES

No Court Cases found

PATENTS

No Patents found

COMPETITORS

(Based on Sic code: 64301 Activities of investment trusts)

Company	Registered Address	Company Number	YE Date	Revenue GBP	Net Profit GBP	Other SIC codes
ALLIANCE TRUST PLC	RIVER COURT, 5 WEST VICTORIA DOCK ROAD, DUNDEE, SCOTLAND, DD1 3JT	SC001731	2017-12-31	490,552,000	471,807,000
ELECTRA PRIVATE EQUITY PLC	C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, 2 HARDMAN STREET, MANCHESTER, UNITED KINGDOM, M3 3AA	00303062	2018-09-30	26,000,000	24,000,000
WALSINGHAM CAPITAL LIMITED	66 ST. JAMES'S, 4TH FLOOR, LONDON, ENGLAND, SW1A 1NE	09392397	2017-03-31	8,357,785	0
ANCHORHOLDS LIMITED	118 COLUMBIA AVENUE, LIVINGSTON, WEST LOTHIAN, EH54 6PT	SC468481	2018-03-31	86,377	0	64302-Activities of unit trusts 64304-Activities of open-ended investment companies 69201-Accounting and auditing activities
AURELIUS FINANCE COMPANY LIMITED	6TH FLOOR, 33 GLASSHOUSE STREET, LONDON, ENGLAND, W1B 5DG	10773394	2018-12-31	63,000	0
EDDLESTON INVESTMENT MANAGEMENT LIMITED	5 HOOKFIELD, EPSOM, SURREY, ENGLAND, KT19 8JQ	02100053	2018-12-31	40,124	0
LIFE TENANCY INVESTMENTS LIMITED	18 UPPER MALL, LONDON, UNITED KINGDOM, W6 9TA	10744662	2018-04-30	0	0	64304-Activities of open-ended investment companies 64306-Activities of real estate investment trusts 66300-Fund management activities
SPORT CAPITAL INVESTMENT LIMITED	11 ROSEMONT ROAD, HAMPSTEAD, LONDON, ENGLAND, NW3 6NG	09916500	2018-12-31	0	0
AXLE TOPCO LIMITED	SUITE 11, STONE CROSS PLACE STONE CROSS LANE NORTH, LOWTON, WARRINGTON, ENGLAND, WA3 2SH	10223517	0000-00-00	0	0
BTL FAMILY COMPANY LIMITED	MARLOW WINERY, PUMP LANE NORTH, MARLOW, ENGLAND, SL7 3RD	07875961	0000-00-00	0	0
CALEDONIA INVESTMENTS PLC	CAYZER HOUSE, 30 BUCKINGHAM GATE, LONDON, ENGLAND, SW1E 6NN	00235481	0000-00-00	0	0
DOWNING ONE VCT PLC	THE SHARD, C/O FORESIGHT GROUP, 32 LONDON BRIDGE STREET, LONDON, ENGLAND, SE1 9SG	03150868	0000-00-00	0	0
DUNEDIN ENTERPRISE INVESTMENT TRUST PLC	2ND FLOOR EASTER DALRY HOUSE, 3 DISTILLERY LANE, EDINBURGH, UNITED KINGDOM, EH11 2BD	SC052844	0000-00-00	0	0
FORESIGHT SOLAR & TECHNOLOGY VCT PLC	FORESIGHT GROUP LLP, THE SHARD, 32 LONDON BRIDGE STREET, LONDON, SE1 9SG	07289280	0000-00-00	0	0
HORIZON CAPITAL 2013 GENERAL PARTNER LIMITED	50 LOTHIAN ROAD, FESTIVAL SQUARE, EDINBURGH, EH3 9WJ	SC426395	0000-00-00	0	0
LAST MILE INFRASTRUCTURE (HOLDINGS) LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11626661	0000-00-00	0	0
LAST MILE INFRASTRUCTURE GROUP LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11534385	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO1 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11614308	0000-00-00	0	0
LAST MILE INFRASTRUCTURE HOLDCO2 LIMITED	KINGFISHER SUITE WHEELHOUSE, BONDS MILL ESTATE, STONEHOUSE, GLOUCESTERSHIRE, ENGLAND, GL10 3RF	11616387	0000-00-00	0	0
MIDWINTER CAPITAL LIMITED	1 KING WILLIAM STREET, LONDON, UNITED KINGDOM, EC4N 7AR	11574427	0000-00-00	0	0
SHARVILLE INVESTMENTS LTD	ARGYLE HOUSE 3RD FLOOR, NORTHSIDE, JOEL STREET, NORTHWOOD HILLS, MIDDLESEX, ENGLAND, HA6 1NW	11478733	0000-00-00	0	0	64304-Activities of open-ended investment companies
ST JAMES PARK LIMITED	3 HAWTHORN AVENUE, WILMSLOW, CHESHIRE, ENGLAND, SK9 5BR	11988938	0000-00-00	0	0

LIQUIDATION RISK (BETA)

This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:

Basis	Liquidation within 3 months	Liquidation within 6 months	Liquidation within 12 months	Prediction confidence
FIDELITY JAPAN TRUST PLC	0.9%	3.6%	7.1%	Medium
Other companies Active in the same sector	1.5%	6.7%	18.5%	Medium


Age	0.3%	1.3%	2.4%	Medium
Company Type	1.7%	4.0%	5.9%	Medium
Accounts category	0.7%	2.2%	3.8%	Medium
Accounting Month	0.6%	2.4%	5.5%	Medium
Sic code count	0.7%	3.5%	7.0%	Medium

VALUATION (BETA)

Valuation ratios as at 2024-03-31

	Market Cap GBP	Enterprise Value GBP	PE	EV/Revenue	EV/EBITDA
FIDELITY JAPAN TRUST PLC	220,800,000		8.3
Closed End Investments ( 204 companies)	121,868,450,000	121,944,345,720	14.9 (median)	13.6 (median)	N/A