AVI JAPAN OPPORTUNITY TRUST PLC
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Cash
£28M
+422.6% highest in 3 filed years
Net assets
£425M
+100.6% highest in 3 filed years
Employees
—
Average over period
Profit before tax
£42M
+8.4% highest in 3 filed years
Net assets
3-year trend · vs Financials median
Accounts
3-year trend · Δ = latest vs prior filed period · latest reflected 2025-12-31
| Metric | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 | Δ vs prior |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | £23,405,000 | £37,488,000 | £39,465,000 | +5.3% | |
| Profit before tax | £25,157,000 | £38,613,000 | £41,853,000 | +8.4% | |
| Net profit | £24,739,000 | £38,125,000 | £41,117,000 | +7.8% | |
| Cash | £13,430,000 | £5,403,000 | £28,236,000 | +422.6% | |
| Total assets less current liabilities | — | £226,860,000 | £425,291,000 | +87.5% | |
| Net assets | £182,943,000 | £211,981,000 | £425,291,000 | +100.6% | |
| Equity | £182,943,000 | £211,981,000 | £425,291,000 | +100.6% | |
| Average employees | — | — | — | — | |
| Wages | — | — | — | — | |
| Directors' remuneration | — | £173,000 | £173,000 | 0% |
Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. The Δ column is the change from the prior filed period as a percentage of |prior|; lines a company doesn't report show —. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|
| Return on capital employed | — | 16.5% | 9.3% | |
| Gearing (liabilities / total assets) | 8.4% | 6.8% | 8.0% | |
| Current ratio | — | 10.03x | 0.79x | |
| Interest cover | — | — | 70.47x |
Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- Accounting basis
- UK-adopted international accounting standards
- Reporting scope
- Standalone (parent only)
- Auditor
- BDO LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The Directors are not aware of any material uncertainties that may cast significant doubt upon the Company's ability to continue as a going concern, having taken into account liquidity of the Company's investment portfolio and the Company's financial position in respect of its cash flows, borrowing facilities and investment commitments (of which there are none of significance) and please refer to the proposed Exit Opportunity likely to be offered in October 2026 as discussed in the viability statement below.”
Significant events
- “2025 was a transformative year with the transaction between AJOT and Fidelity Japan Trust PLC (FJV) which completed in the fourth quarter of the year, welcoming new shareholders into the Trust.”
- “TSI Holdings, AJOT's largest holding, sold real estate assets (30% of market cap), followed by a 15.3% buyback, leading to AJOT's full exit from the position.”
- “AJOT submitted shareholder proposals at Wacom, launching a public campaign titled 'Draw Wacom's Future' in May 2025.”
- “Successful completion of the combination with FJV in November 2025, with approximately 68% of FJV shareholders electing to roll into AJOT, providing a meaningful uplift in capital.”
- “On 27 November 2025, the Company announced that 110,674,880 new Ordinary Shares would be issued to FJV shareholders as a result of the completion of the combination with FJV.”
Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers
People
6 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| MUFG CORPORATE GOVERNANCE LIMITED | Corporate Secretary | 2018-07-27 | — | — |
| BINYON, Claire Margaret | Director | 2026-05-27 | Sep 1966 | British |
| CRIGHTON, Norman | Director | 2018-07-27 | Jun 1966 | British |
| ROSE, Andrew William | Director | 2025-02-12 | Jan 1957 | British |
| STEPHENS, Margaret | Director | 2018-09-05 | Jan 1961 | British |
| YORITAKA, Thomas Yasutomo | Director | 2025-02-12 | Feb 1970 | British,American |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| NISHIO, Yoshi | Director | 2018-07-27 | 2024-09-30 |
| THOMSON, Ekaterina | Director | 2018-09-05 | 2025-01-21 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Asset Value Investors Limited | Corporate entity | Shares 75–100%, Voting 75–100% | 2018-07-27 | Ceased 2018-10-23 |
Filing timeline
Last 20 of 113 total filings
Material constitutional events — rename, articles re-file, resolution
- 2026-05-28 RESOLUTIONS Resolution
- 2026-01-23 RESOLUTIONS Resolution
- 2025-11-11 RESOLUTIONS Resolution
- 2025-05-29 RESOLUTIONS Resolution
| Date | Type | Category | Description | |
|---|---|---|---|---|
| 2026-06-02 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-29 | AP01 | officers | Appoint person director company with name date | |
| 2026-05-28 | RESOLUTIONS | resolution | Resolution | |
| 2026-05-28 | ANNOTATION | miscellaneous | Legacy | |
| 2026-05-28 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-05-16 | AA | accounts | Accounts with accounts type full | |
| 2026-04-15 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-04-09 | MR01 | mortgage | Mortgage create with deed with charge number charge creation date | |
| 2026-04-09 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-02-28 | SH04 | capital | Capital sale or transfer treasury shares with date currency capital figure | |
| 2026-02-24 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-02-05 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-29 | SH03 | capital | Capital return purchase own shares treasury capital date | |
| 2026-01-23 | RESOLUTIONS | resolution | Resolution | |
| 2025-12-05 | SH01 | capital | Capital allotment shares | |
| 2025-11-11 | RESOLUTIONS | resolution | Resolution | |
| 2025-08-05 | CS01 | confirmation-statement | Confirmation statement with no updates | |
| 2025-08-04 | SH06 | capital | Capital cancellation shares | |
| 2025-06-10 | AA | accounts | Accounts with accounts type full | |
| 2025-05-29 | RESOLUTIONS | resolution | Resolution |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 18
- Capital events
- 10
- Officers appointed
- 1
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.