Japan Smaller Capitalization Fund, Inc. Change in Portfolio Manager


NEW YORK, NY--(Marketwired - Jun 28, 2013) - Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the "Fund") announced that effective July 1, 2013, Mr. Hiromitsu Daimon of Nomura Asset Management Co., Ltd. ("NAM-Tokyo") will become the Lead Portfolio Manager for the Fund and Mr. Makoto Ito of NAM-Tokyo will become the Co-Portfolio Manager for the Fund. Messrs. Daimon and Ito will be responsible for the day-to-day portfolio management of the Fund.

Mr. Daimon has been a portfolio manager with NAM-Tokyo since 2001 and a senior portfolio manager since 2006. He has recently been appointed the leader of the Japanese Small Cap Team within NAM-Tokyo. Mr. Ito joined NAM-Tokyo in 2006 and was named a portfolio manager in 2008.

Mr. Daimon has served for nine years as the portfolio manager for Japanese-domiciled open-end collective investment vehicles that focus on Japanese smaller capitalization companies. These vehicles invest in diversified portfolios of smaller capitalization issuers with a focus on value characteristics evidenced by various financial measurements. The Fund expects that its portfolio will be managed in a similar style.

The Fund invests primarily in the securities of smaller capitalization companies in Japan and is designed for investors seeking long-term capital appreciation. The manager of the Fund is Nomura Asset Management U.S.A. Inc., which is based in New York. Nomura Asset Management U.S.A. Inc. is a subsidiary of NAM-Tokyo, which is one of the largest investment advisory companies in Japan in terms of assets under management and which serves as the investment adviser to the Fund.


Neil A. Daniele
Nomura Asset Management U.S.A. Inc.
2 World Financial Center
Building B, 18
th Floor
New York, NY 10281
(212) 667-1873

View Comments (0)