The Baillie Gifford Japan Trust (LON:BGFD) Posts Quarterly Earnings Results

The Baillie Gifford Japan Trust (LON:BGFD) posted its quarterly earnings results on Thursday. The company reported GBX 3.03 earnings per share for the quarter, Digital Look Earnings reports. The company had revenue of GBX 680 million for the quarter. The Baillie Gifford Japan Trust had a return on equity of 16.64% and a net margin of 165.85%.

The Baillie Gifford Japan Trust Trading Down 1.9%

Shares of The Baillie Gifford Japan Trust stock traded down GBX 16.38 during trading on Thursday, reaching GBX 858.62. 403,793 shares of the company were exchanged, compared to its average volume of 559,517. The business has a 50-day moving average price of GBX 892.10 and a 200-day moving average price of GBX 904.92. The firm has a market capitalization of £643.03 million, a price-to-earnings ratio of 5.68 and a beta of 0.88. The company has a quick ratio of 0.14, a current ratio of 66.62 and a debt-to-equity ratio of 14.71. The Baillie Gifford Japan Trust has a twelve month low of GBX 623.45 and a twelve month high of GBX 957.38.

The Baillie Gifford Japan Trust Company Profile

The Trust aims to pursue long-term capital growth principally through investment in medium to smaller sized Japanese companies which are believed to have above average prospects for growth. We invest in a spread of 40–70 companies, predominantly medium and smaller sized, that we believe offer good growth opportunities.

Growth may come from innovative business models, disrupting traditional Japanese practices or market opportunities, such as growth from overseas.

We aim to take a three to five year view and the Trust is managed by looking at the underlying investments rather than the benchmark which is TOPIX total return.