CC Japan Income & Growth Trust

What CC Japan Income & Growth Trust does

CC Japan Income & Growth Trust plc is a London Stock Exchange-listed closed-ended investment company (ticker CCJI) that invests primarily in equities listed or quoted in Japan. Launched on 15 December 2015, the trust's stated objective is to provide shareholders with dividend income combined with capital growth, and it has delivered ten consecutive annual dividend increases, reaching 5.90p per share in the year ended 31 October 2025 (up 8.3%). Since inception, the trust has generated a 189.8% share price total return and 216.0% NAV per share total return, compared with a TOPIX return of 149.1%, and was ranked best performer in its AIC peer group. Its investment process is built on bottom-up fundamental equity research focused on Japanese equities, supplemented by direct company engagement that is recorded and tracked via a proprietary Engagement Tracking System supporting stewardship and proxy voting obligations.

The trust's product offering centres on a single investment vehicle distributed through the LSE, with investor communications layered around monthly factsheets, half-year and annual reports, and live investor webinars hosted via the Investor Meet Company platform. The Investment Manager is Chikara Investments LLP (formerly Coupland Cardiff until its August 2023 rebrand), which holds affiliate memberships in PRI, AIC and AIMA and is responsible for portfolio construction and direct issuer engagement. Frostrow Capital LLP was appointed as Alternative Investment Fund Manager, Administrator and Company Secretary effective 1 January 2025, additionally taking on marketing and investor relations responsibilities, and operates the company's website.

The business model is that of a conventional externally-managed investment trust: the trust does not publish service pricing, charges are deducted from net assets, and shareholder returns are generated through dividend income from portfolio holdings plus capital appreciation on the underlying Japanese equity portfolio. As at 31 May 2026 the Net Asset Value stood at £388.9m and the five-year share price total return was 125.4%, with a current dividend yield of 2.2%. Distribution is sales-led through UK stockbrokers, investment platforms (including AJ Bell and Hargreaves Lansdown) and Independent Financial Advisers, supported by analyst coverage from Kepler Trust Intelligence, QuotedData and Peel Hunt, and an active press, podcast and conference presence.

Name

CC Japan Income & Growth Trust

Legal name

CC Japan Income & Growth Trust plc

Website

https://www.ccjapanincomeandgrowthtrust.com/

Company type

Public

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

CC Japan Income & Growth Trust plc is a London-listed closed-ended investment company investing in Japanese equities to provide shareholders with dividend income and capital growth, managed by Chikara Investments LLP with Frostrow Capital LLP as AIFM.

Ownership category

akta.pro rank

Headquarters

HQ city

Beckenham

HQ country

United Kingdom

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Investment Management Returns: The trust generates returns through investment in Japanese equities, deriving income from dividends, interest, and capital gains on the portfolio. Returns are distributed to shareholders through dividends and share price appreciation.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels8 records

Core offering

CC Japan Income & Growth Trust plc is a London-listed closed-ended investment company that invests primarily in equities listed or quoted in Japan. Its investment objective is to provide shareholders with dividend income combined with capital growth, managed by Chikara Investments LLP (Investment Manager) and Frostrow Capital LLP (AIFM, Administrator and Company Secretary). The trust is designed for UK and global investors seeking income-focused Japanese equity exposure through a publicly traded vehicle.

Product overview

CC Japan Income & Growth Trust is a single, unified investment trust product offering. The trust provides dividend income combined with capital growth through investment in Japanese listed equities. Investor communication products include monthly factsheets with portfolio manager commentary, semi-annual financial reports (annual and half-year), and regular investor webinars via the Investor Meet Company platform. The investment manager is Chikara Investments LLP.

Differentiator

Problem solved

Functional benefit

Products and services

• CC Japan Income & Growth Trust A London-listed closed-ended investment trust (LSE: CCJI) that invests primarily in equities listed or quoted in Japan, targeting dividend income combined with capital growth for shareholders through specialist active management.

Quantifiable outcome

• 189.8% share price total return since inception (Dec 2015 to Oct 2025) vs 149.1% for TOPIX
• +3 more outcomes

Named customers2 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Seven partnerships are on record, tiered core and minor.

• Frostrow Capital LLPcoreImplementation/ SI/ Consulting PartnerFrostrow Capital LLP operates the Company's website and was appointed as Alternative Investment Fund Manager (AIFM), Administrator, and Company Secretary with effect from 1 January 2025, alongside marketing and investor relations responsibilities.
• Kepler Trust IntelligencecoreGTM or Marketing PartnerProvides analyst research coverage, ratings, and investor education content for the trust. Kepler has awarded the trust its Growth 2026 badge.
• Equiniti LimitedcoreImplementation/ SI/ Consulting PartnerShare registrar handling shareholder enquiries and administrative services. Registered office at Highdown House, Yeoman Way, Worthing BN99 6DA.
• QuotedDataminorGTM or Marketing PartnerProvides independent investment trust research and analysis, including 'In the Hot Seat' features with portfolio managers.
• Principles for Responsible Investment (PRI)minorOthersChikara is an affiliate member, demonstrating commitment to responsible investing principles.
• Association of Investment Companies (AIC)minorOthersChikara is an affiliated member of the AIC, participating in industry events including the AIC Investor Showcase.
• Alternative Investment Management Association (AIMA)minorOthersChikara is an affiliate member of AIMA, demonstrating commitment to alternative investment management standards.

Scale indicators11 records

Recent moves4 records

Expansion highlights4 records

Direct peers

• Henderson Far East Income Limited: LSE-listed investment trust focused on dividend-paying equities across the Asia-Pacific region including Japan. Comparable income-oriented mandate with overlapping Japanese holdings and a similar yield-driven investor base.
• Schroder Japan Growth Fund: LSE-listed investment trust investing in Japanese equities with a growth objective. Long-standing AIC Japan peer with similar LSE distribution and intermediary coverage.
• Pacific Horizon Investment Trust: LSE-listed investment trust investing in Asia-Pacific ex-Japan and Japan equities with a growth mandate. Overlapping Japanese exposure and AIC peer-group comparability for performance benchmarking.
• AVI Japan Opportunity Trust: LSE-listed investment trust specialising in Japanese mid-and-small-cap equities. Comparable active management approach with engagement-driven thesis, traded on the same primary market.
• Fidelity Japan Trust: LSE-listed investment trust focused on Japanese equities, managed by Fidelity. Active Japan peer with similar retail/IFA distribution footprint.
• Aberdeen Japan Investment Trust: LSE-listed closed-end fund investing in Japanese equities. Another AIC Japan peer with similar size and IFA distribution channels.
• Baillie Gifford Japan Trust: LSE-listed closed-end fund focused on Japanese equities with a growth tilt. Closest direct competitor in the AIC Japan sector, distinguished by a more growth-oriented (less income-focused) approach.
• JPMorgan Japanese Investment Trust: London-listed investment trust investing primarily in Japanese equities, with growth and income objectives and AIC membership. Directly comparable AIC Japan peer against which CC Japan is benchmarked.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about CC Japan Income & Growth Trust