NPORT-EX 2 MIMA500_MAT_Japan_Fund.htm NPORT-EX
Matthews Japan Fund    September 30, 2019
Schedule of Investmentsa (unaudited)   
COMMON EQUITIES: 95.3%   

 

      Shares                     Value  

INDUSTRIALS: 19.6%

             

Professional Services: 7.1%

     

TechnoPro Holdings, Inc.

    928,500     $55,406,427  

Nihon M&A Center, Inc.

    1,755,100     49,646,276  

Recruit Holdings Co., Ltd.

    1,198,000     36,603,097  

Persol Holdings Co., Ltd.

    1,583,600     30,099,270  
    

 

 

 

       171,755,070  
    

 

 

 

Building Products: 6.1%

     

Daikin Industries, Ltd.

    498,300     65,720,362  

Aica Kogyo Co., Ltd.

    1,464,900     43,383,308  

Sanwa Holdings Corp.

    3,350,600     37,649,423  
    

 

 

 

       146,753,093  
    

 

 

 

Machinery: 2.2%

     

SMC Corp.

    87,800     37,738,913  

MISUMI Group, Inc.

    628,300     14,883,403  
    

 

 

 

       52,622,316  
    

 

 

 

Electrical Equipment: 2.2%

     

Nidec Corp.

    385,500     52,204,990  
    

 

 

 

Construction & Engineering: 2.0%

     

Kyowa Exeo Corp.

    2,040,200     49,722,725  
    

 

 

 

Total Industrials

        473,058,194  
    

 

 

 

    

INFORMATION TECHNOLOGY: 19.2%

             

Electronic Equipment, Instruments & Components: 7.0%

 

Keyence Corp.

    145,000     90,256,135  

Murata Manufacturing Co., Ltd.

    854,600     41,420,354  

Shimadzu Corp.

    1,482,500     37,695,742  
    

 

 

 

       169,372,231  
    

 

 

 

IT Services: 7.0%

     

NET One Systems Co., Ltd.

    2,446,200     66,362,011  

ITOCHU Techno-Solutions Corp.

    2,355,400     62,563,995  

Otsuka Corp.

    997,500     39,921,488  
    

 

 

 

       168,847,494  
    

 

 

 

Semiconductors & Semiconductor Equipment: 3.5%

  

Lasertec Corp.

    666,200     42,100,134  

Rohm Co., Ltd.

    340,000     26,214,704  

Disco Corp.

    86,200     16,478,569  
    

 

 

 

       84,793,407  
    

 

 

 

Software: 1.7%

     

Infomart Corp.

    2,533,400     39,658,636  
    

 

 

 

Total Information Technology

        462,671,768  
    

 

 

 

    

CONSUMER DISCRETIONARY: 15.2%

             

Household Durables: 3.2%

     

Sony Corp.

    1,324,000     78,259,211  
    

 

 

 

Specialty Retail: 3.1%

     

Nitori Holdings Co., Ltd.

    516,500     75,796,182  
    

 

 

 

Auto Components: 2.4%

     

Denso Corp.

    734,300     32,446,815  
      Shares                     Value  

Nifco, Inc.

    1,034,600     $24,862,203  
    

 

 

 

       57,309,018  
    

 

 

 

Distributors: 2.2%

     

PALTAC Corp.

    1,068,200     52,483,789  
    

 

 

 

Multiline Retail: 2.1%

     

Seria Co., Ltd.

    1,504,700     36,615,198  

Ryohin Keikaku Co., Ltd.

    741,000     13,891,266  
    

 

 

 

       50,506,464  
    

 

 

 

Hotels, Restaurants & Leisure: 1.1%

     

Kyoritsu Maintenance Co., Ltd.

    590,100     25,353,896  
    

 

 

 

Internet & Direct Marketing Retail: 0.6%

     

Mercari, Inc.b

   614,600     15,334,444  
    

 

 

 

Leisure Products: 0.5%

     

Bandai Namco Holdings, Inc.

    198,500     12,377,981  
    

 

 

 

Total Consumer Discretionary

        367,420,985  
    

 

 

 

    

HEALTH CARE: 12.9%

             

Health Care Equipment & Supplies: 6.6%

     

Terumo Corp.

    2,098,300     67,897,259  

Asahi Intecc Co., Ltd.

    2,230,400     58,845,938  

Nakanishi, Inc.

    1,191,000     18,823,345  

Sysmex Corp.

    206,000     13,839,547  
    

 

 

 

       159,406,089  
    

 

 

 

Pharmaceuticals: 2.6%

     

Shionogi & Co., Ltd.

    725,000     40,420,953  

Eisai Co., Ltd.

    458,900     23,443,843  
    

 

 

 

       63,864,796  
    

 

 

 

Biotechnology: 2.1%

     

PeptiDream, Inc.b

   1,042,100     49,811,578  
    

 

 

 

Health Care Technology: 1.6%

     

M3, Inc.

    1,560,800     37,771,147  
    

 

 

 

Total Health Care

        310,853,610  
    

 

 

 

    

CONSUMER STAPLES: 9.9%

             

Personal Products: 5.1%

     

Kao Corp.

    957,100     70,994,748  

Kose Corp.

    296,300     50,308,507  
    

 

 

 

       121,303,255  
    

 

 

 

Household Products: 1.9%

     

Pigeon Corp.

    1,107,700     45,866,403  
    

 

 

 

Food Products: 1.7%

     

Ariake Japan Co., Ltd.

    532,800     41,676,772  
    

 

 

 

Food & Staples Retailing: 1.2%

     

San-A Co., Ltd.

    658,700     29,108,385  
    

 

 

 

Total Consumer Staples

        237,954,815  
    

 

 

 

 


 

matthewsasia.com  |  800.789.ASIA   1

Matthews Japan Fund    September 30, 2019
Schedule of Investmentsa (unaudited) (continued)   
COMMON EQUITIES (continued)   

 

      Shares                     Value  

COMMUNICATION SERVICES: 8.3%

             

Diversified Telecommunication Services: 3.9%

 

Nippon Telegraph & Telephone Corp.

    1,956,000     $93,582,302  
    

 

 

 

Interactive Media & Services: 1.6%

 

Yahoo Japan Corp.

    13,680,100     38,542,106  
    

 

 

 

Wireless Telecommunication Services: 1.5%

 

SoftBank Group Corp.

    888,100     35,044,805  
    

 

 

 

Entertainment: 1.3%

     

Nintendo Co., Ltd.

    86,100     32,071,939  
    

 

 

 

Total Communication Services

        199,241,152  
    

 

 

 

    

FINANCIALS: 7.6%

             

Insurance: 4.8%

     

Tokio Marine Holdings, Inc.

    2,150,800     115,384,297  
    

 

 

 

Banks: 1.5%

     

Mitsubishi UFJ Financial Group, Inc.

    6,998,200     35,640,867  
    

 

 

 

Capital Markets: 1.3%

     

SBI Holdings, Inc.

    1,529,500     32,908,047  
    

 

 

 

Total Financials

        183,933,211  
    

 

 

 

      Shares                     Value  

REAL ESTATE: 2.6%

             

Real Estate Management & Development: 2.6%

 

Relo Group, Inc.

    2,538,000     $62,521,115  
    

 

 

 

Total Real Estate

        62,521,115  
    

 

 

 

    

TOTAL INVESTMENTS: 95.3%

     2,297,654,850  

(Cost $2,039,196,359)

     

CASH AND OTHER ASSETS,

LESS LIABILITIES: 4.7%

        114,405,346  
    

 

 

 

NET ASSETS: 100.0%

        $2,412,060,196  
    

 

 

 

 

a

Certain securities were fair valued under the valuation policies approved by the Board of Trustees.

 

b

Non-income producing security.

Other information regarding the Fund is available in the Funds’ most recent report to shareholders. This information is available on the Securities and Exchange Commission’s website (www.sec.gov).

 


 

2   MATTHEWS ASIA FUNDS