Shin Nippon Valuation - 30 April 2026

持仓全景

本节为截至2026年4月30日的完整资产估值表：总资产372,833,632英镑，其中上市股票占93.9%、私募公司投资占2.0%、净流动资产占4.0%。

上市股票（59只，合计市值350,111,490英镑，占93.9%）：

标的	持股数	市值(GBP)	占总资产
Anest Iwata	468,700	3,484,348	0.9%
Anicom Holdings Inc	1,054,100	7,425,380	2.0%
Appier Group Inc	1,436,300	5,976,192	1.6%
Asahi Intecc Co Ltd	443,300	6,865,845	1.8%
Bengo4.Com Inc	460,500	5,326,472	1.4%
Cosmos Pharmaceutical	214,600	6,090,149	1.6%
COVER Corporation Com Stk	274,100	1,766,074	0.5%
Crowdworks	300,300	810,903	0.2%
Cybozu Inc	340,200	3,319,904	0.9%
DMG Mori	380,300	5,238,223	1.4%
eGuarantee Inc	908,300	7,528,694	2.0%
GA Technologies	1,457,200	10,483,917	2.8%
GENDA	767,300	1,898,985	0.5%
Gift Hdgs	443,900	9,109,871	2.4%
Global Security Experts Inc. Com Stk	386,100	4,527,557	1.2%
GMO Financial Gate Inc	170,900	4,566,673	1.2%
GMO Payment Gateway	67,700	2,473,511	0.7%
Harmonic Drive Systems	554,800	13,600,428	3.6%
Horiba	56,300	5,737,382	1.5%
I-ne	599,018	3,038,150	0.8%
Infomart Corp	1,908,575	3,863,066	1.0%
Istyle	1,665,500	3,621,356	1.0%
JEOL	426,800	12,581,203	3.4%
JMDC	195,400	3,046,550	0.8%
Kamakura Shinsho	1,309,600	2,896,711	0.8%
Kasumigaseki Capital Co.,Ltd.	130,400	3,943,747	1.1%
Katitas	589,200	8,619,189	2.3%
KH Neochem	465,700	6,014,293	1.6%
Kitz Corp	685,000	6,736,167	1.8%
Kohoku Kogyo CO.,LTD.	597,900	15,330,871	4.1%
Lifenet Insurance	858,400	7,747,984	2.1%
LITALICO	896,700	5,061,710	1.4%
Mani,inc.	1,113,700	8,938,320	2.4%
Megachips Corp	120,900	5,507,362	1.5%
Money Forward	253,000	5,613,943	1.5%
Nakanishi	588,400	7,676,275	2.1%
Nifco Inc	307,700	6,667,311	1.8%
Nikkiso Co Ltd	763,400	9,529,119	2.6%
Nippon Ceramic	126,000	2,147,943	0.6%
Nittoku	111,530	1,280,608	0.3%
Noritsu Koki	356,100	3,476,739	0.9%
Oisix	423,500	2,784,371	0.7%
Optex Co Ltd	595,000	8,170,337	2.2%
OSG Corp	260,300	3,994,863	1.1%
Peptidream	668,800	3,615,074	1.0%
Sega Sammy Holdings	196,600	2,103,673	0.6%
Seiko Holdings Corp	220,200	6,028,809	1.6%
Seria Co Ltd	409,300	6,506,479	1.7%
Shinnihon	397,200	3,596,350	1.0%
Sho-Bond Holdings Ltd	736,800	4,584,702	1.2%
Shoei Co Ltd	363,700	2,985,591	0.8%
Soracom Inc	998,700	4,488,411	1.2%
SpiderPlus & Co	1,741,333	2,575,953	0.7%
SWCC Showa Holdings Co	169,400	12,601,267	3.4%
Toyo Tanso	344,800	9,828,824	2.6%
Tsugami Corp	863,800	19,025,307	5.1%
Vector	1,112,300	6,508,570	1.7%
Weathernews Inc	310,700	2,969,281	0.8%
Yonex	657,600	8,174,503	2.2%

私募公司投资（合计7,642,897英镑，占2.0%）：

标的	市值(GBP)	占总资产
Asha Japan, Inc	0	0.0%
Gojo & Company, Inc Ord	5,081,848	1.4%
JEPLAN, Inc.	2,561,049	0.7%
Structural Protein Business Asset Management Inc.	0	0.0%

净流动资产15,079,245英镑，占4.0%。

结构特征

组合高度分散于59只上市股票，前十大持仓合计约32.5%，最大单一个股为Tsugami的5.1%，最小为Crowdworks的0.2%。

• 前五大持仓合计19.6%：Tsugami Corp 5.1%、Kohoku Kogyo 4.1%、Harmonic Drive Systems 3.6%、JEOL 3.4%、SWCC Showa Holdings 3.4%（按市值计SWCC略高于JEOL，但两者占比均披露为3.4%）。
• 持仓从0.2%到5.1%不等，组合内无单一持仓超过6%，且94.9%的市值集中于上市股票，私募端仅两家有账面估值（Gojo & Company、JEPLAN），两家账面价值为零（Asha Japan、Structural Protein Business Asset Management）。
• 按标的业务特征看，覆盖精密制造与半导体设备（如Kohoku Kogyo、Harmonic Drive Systems、JEOL、Toyo Tanso、Megachips、Optex）、机床与工业（Tsugami、DMG Mori、Nikkiso、OSG、Kitz、Nifco）、医疗健康（Asahi Intecc、Mani、Nakanishi、Peptidream、JMDC）、软件与互联网服务（GA Technologies、Money Forward、Cybozu、SORACOM、Appier、Bengo4.Com）以及消费零售（Seria、Yonex、Shoei、Seiko Holdings、GENDA、Oisix）等领域。

基金事项

截至2026年4月30日，基金总资产372,833,632英镑；本节未披露业绩、买卖操作或经理人评论。

• 报告末尾提示：经衍生品敞口调整后的更详细资产配置数据，需另行参见公司月度factsheet。