JPMorgan Japan Smaller Companies Trust plc announced that Chris Russell will retire from the Board following the 2016 Annual General Meeting and will not seek reappointment.

The company announced earnings results for the year ended March 31, 2016. For the year, income from investments was GBP 2,259,000 against GBP 1,640,000 for the same period a year ago. Net return on ordinary activities before taxation was GBP 19,168,000 against GBP 34,116,000 for the same period a year ago. Net return on ordinary activities after taxation was GBP 18,944,000 against GBP 33,952,000 for the same period a year ago. Return per ordinary share - diluted was 40.28 pence against 73.37 pence for the same period a year ago. Net asset value per ordinary share – diluted was 312.7 pence as on March 31, 2016 against 278.6 pence as on March 31, 2015. Net cash inflow from operating activities was GBP 507,000 against net cash outflow from operating activities of GBP 632,000 for the same period a year ago. Purchases of investments were GBP 44,433,000 against GBP 52,369,000 a year ago.