1、 abrdnjapan.co.uk abrdn Japan Investment Trust plc Annual Report 31 March 2023 Japan specialists identifying exceptional companies abrdn Japan Investment Trust plc 1 “The Companys NAV total return for the year to 31 March 2023 was-4.4%,in sterling terms underperforming the TOPIX benchmarks gain of 2
2、.8%.”Karen Brade,Chairman “Looking ahead,there is cause for optimism.The macroeconomic conditions that have hurt some of our holdings in the recent past appear to be reversing:the yen has strengthened,inflationary pressures are easing,and interest rate rises are moderating.”Kwok Chern-Yeh,abrdn Japa
3、n Limited Investment Manager THIS DOCUMENT IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION.If you are in any doubt about the action you should take,you are recommended to seek your own financial advice from your stockbroker,bank manager,solicitor,accountant or other financial adviser authorised u
4、nder the Financial Services and Markets Act 2000(as amended by the Financial Services Act 2012)if you are in the United Kingdom or,if not,from another appropriately authorised financial adviser.If you have sold or otherwise transferred all your Ordinary shares in abrdn Japan Investment Trust plc,for
5、merly named Aberdeen Japan Investment Trust plc,please forward this document,together with any accompanying documents,immediately to the purchaser or transferee,or to the stockbroker,bank or agent through whom the sale or transfer was effected for onward transmission.2 abrdn Japan Investment Trust p
6、lc Net asset value total returnA Topix Index total return Figures to 31 March 2023 Figures to 31 March 2023 4.4%+2.8%Figures to 31 March 2022 10.0%Figures to 31 March 2022 2.7%Return since 8 October 2013(change of mandate)+100.4%Return since 8 October 2013(change of mandate)+105.1%Share price total