JPMorgan Asset Management cuts stakes in three Japanese companies

JPMorgan Asset Management (Japan) disclosed cuts across three Japanese companies on 20 October, following changes made on 15 October. The largest reduction was in Rakuten Bank, a bank, where the manager cut a stake by $545.7mn.

The manager also cut a stake worth $464.5mn in builder Kajima Corporation and reduced its holding in finance company Japan Exchange Group by $149.2mn. Shares in Rakuten Bank have risen 1.4 per cent since the change, while Kajima Corporation shares are up 1.3 per cent and Japan Exchange Group shares are down 1.6 per cent.

Across 41 filings disclosed since 19 October, reductions totalled $1.4bn against $166.9mn of increases. Over the 30 days to 20 October, electronics makers recorded the largest net selling of any sector, showing $6.0bn of net reductions across 80 reports, followed by retailers with $5.4bn across 109 reports. Banks recorded $4.0bn of net increases over 13 reports.

The largest single change in the 30 days to 20 October was Rakuten Group's $3.8bn increase in Rakuten Bank, disclosed on 5 October.

Correction, 23 October 2026: An earlier version of this column took the Fast Retailing filings of 16 October, in which the founding family's companies reported their stakes one by one instead of as a group, for a $15.8bn sale by TY Asset Management and the largest change of the 30 days, and put retailers' net selling at $20.5bn. The filings as now recorded show electronics makers leading the net selling with $6.0bn, and Rakuten Group's $3.8bn increase in Rakuten Bank as the largest change.