Japan edition · Japanese equities
Capital Research lifts Resonac stake and cuts Kokusai Electric holding
The moves featured in 30 filings disclosed since 25 October as the institutional manager shifted positions across chemicals and electronics makers.
Capital Research and Management Company disclosed two shareholding adjustments on 26 October, raising its stake in chemicals maker Resonac Holdings by $221.3mn while reducing its holding in electronics maker KOKUSAI ELECTRIC by $130.4mn. Both changes took place on 19 October, among 30 reports from 23 filers submitted since 25 October.
Resonac reported revenue of ¥1.4tn and a 3.0 per cent fall in revenue for the 12 months to 30 June 2026. BlackRock Japan also lifted its position in the sector, disclosing a $148.5mn stake increase in chemicals maker Nitto Denko on 26 October following a change on 20 October.
Resonac Holdings shares are down 20 per cent since the date of the change. Shares in KOKUSAI ELECTRIC have declined 15 per cent since 19 October, while Nitto Denko shares are down 0.5 per cent since 20 October.
Companies in this column: Resonac Holdings, Nitto Denko, KOKUSAI ELECTRIC.