Japan Smaller Capitalization Fund, Inc.
Japan Smaller Capitalization Fund, Inc. is a closed-end management investment company focused on Japanese smaller-capitalization equities. The fund seeks long-term capital appreciation by investing primarily in companies listed in Japan’s domestic equity markets, with an emphasis on smaller firms across a broad range of sectors. Its portfolio can include businesses in areas such as financial services, industrials, consumer goods, technology, healthcare, and other parts of the Japanese economy, giving investors diversified exposure to the country’s small-cap segment. Managed by Nomura Asset Management U.S.A. Inc. and advised by Nomura Asset Management Co., Ltd., Japan Smaller Capitalization Fund, Inc. plays a specialized role in the market by channeling capital toward less widely followed Japanese companies that may be underrepresented in larger benchmark-focused portfolios.
$11.89
-$0.19 (-1.57%)
EOD Oct 16, 2026
Revenue grew 1584.4%, still solid.
Even for strong businesses, today's 2x P/E means the stock needs to keep delivering. There's no margin of safety if growth disappoints.
2.3x earnings. The multiple is below average. Either the market is pricing in deterioration you should investigate, or there's genuine value here.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$147M
▲ +1584.4% YoY
Net Income (TTM)
$143M
▲ +1784.7% YoY
Op. Margin
—
ROIC
—
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow
N/A
Net Debt
-$6M
Net Cash Position
Cash & Equiv.
$6M
Continue Research
Is Japan Smaller Capitalization Fund (JOF) overvalued?
At a P/E of 2.3, Japan Smaller Capitalization Fund (JOF)'s valuation is best read against its own history, its peers, and the growth its price implies. A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, Japan Smaller Capitalization Fund scores 28/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. It currently yields about 6.0%; see dividend safety for coverage and history. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
Is Japan Smaller Capitalization Fund a high-quality business?+
Japan Smaller Capitalization Fund scores 28 out of 100 on Intrinsiqq's quality score, a weighted blend of 3 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Does Japan Smaller Capitalization Fund (JOF) pay a dividend, and how much?+
Yes, Japan Smaller Capitalization Fund pays a regular dividend of about $0.71 per share per year (typically in quarterly installments), a yield of roughly 6.0% at the current price. That is a payout ratio of about 14.1% of earnings, so the dividend is amply covered by earnings. Japan Smaller Capitalization Fund has grown the dividend at roughly 4.0% a year over the past few years. A low headline yield is not the same as a weak dividend: what matters is how well earnings and free cash flow cover the payout and whether it is growing, not the percentage alone. For JOF's full payout history, growth streak and dividend-safety score, see the dividends tab.
Is Japan Smaller Capitalization Fund a good stock to buy right now?+
That depends on valuation and quality together, not either alone. you should weigh JOF's valuation and scores 28/100 on quality (lower-quality). It also yields about 6.0%. A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.