5 Best Japanese Stocks To Invest in 2023

In this piece, we will take a look at the five best Japanese stocks to invest in 2023. If you want to take a deeper look at the Japanese economy and the business environment, then take a look at 10 Best Japanese Stocks To Invest in 2023.

5. Honda Motor Co., Ltd. (NYSE:HMC)

Number of Hedge Fund Investors In Q2 2023: 12

Honda Motor Co., Ltd. (NYSE:HMC) is a well known Japanese car company. Like its U.S. counterparts, the firm also has other business divisions which include financial services such as leasing. After being late to the part, the firm made a big announcement in September 2023 when it announced a new electric car that will be available in 2024.

By the end of this year’s second quarter, 12 out of the 910 hedge funds part of Insider Monkey’s database had bought and held Honda Motor Co., Ltd. (NYSE:HMC)’s shares. Ken Fisher’s Fisher Asset Management is the biggest shareholder among these, owning 8.9 million shares that are worth $272 million.

4. Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)

Number of Hedge Fund Investors In Q2 2023: 13

Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG) is one of the biggest banks in Japan in terms of total assets. The firm made history in October 2023, when it became the first Japanese bank to sell U.S. dollar denominated bonds.

During Q2 2023, 13 out of the 910 hedge funds tracked by Insider Monkey had invested in the bank. Mitsubishi UFJ Financial Group, Inc. (NYSE:MUFG)’s largest hedge fund shareholder is Israel Englander’s Millennium Management through its $23.3 million stake.

3. Toyota Motor Corporation (NYSE:TM)

Number of Hedge Fund Investors In Q2 2023: 13

Toyota Motor Corporation (NYSE:TM) is another popular Japanese car company whose vehicles are known for their robust build and reliability. The firm’s production facilities are currently facing some pressure in Japan as it has shut down two plants due to problems at a supplier.

As of June 2023, 13 out of the 910 hedge funds part of Insider Monkey’s database had held a stake in Toyota Motor Corporation (NYSE:TM). Out of these, the firm’s biggest investor is Ken Fisher’s Fisher Asset Management as it owns $945 million worth of shares.

2. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)

Number of Hedge Fund Investors In Q2 2023: 14

Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG) is a global bank that is headquartered in Tokyo,  Japan. The firm expanded its global and American portfolio in July 2023 as it launched a digital banking service in the U.S.

For their shareholdings during this year’s second quarter, 14 out of the 910 hedge funds polled by Insider Monkey had invested in the bank. Sumitomo Mitsui Financial Group, Inc. (NYSE:SMFG)’s largest shareholder in our database is Cowen Group’s Ramius since it owns 4.4 million shares that are worth $38 million.

1. Sony Group Corporation (NYSE:SONY)

Number of Hedge Fund Investors In Q2 2023: 31

Sony Group Corporation (NYSE:SONY) is a global consumer electronics, media, video gaming, and entertainment giant that has a presence in nearly every major market. Its shares are rated Strong Buy on average and analysts have set an average share price target of $118.

31 out of the 910 hedge funds part of Insider Monkey’s Q2 2023 database were Sony Group Corporation (NYSE:SONY)’s investors. Ken Fisher’s Fisher Asset Management is the biggest hedge fund stakeholder courtesy of its $503 million stake.

Disclosure: None. You can also take a look at 10 Best States to Start an LLC and 12 Best Places to Retire in Honduras.

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