5 Best Japanese Stocks to Invest in 2022

1. Sony Group Corporation (NYSE:SONY)

Number of Hedge Fund Holders: 26   

Sony Group Corporation (NYSE:SONY) develops, produces, and sells electronic equipment, instruments, and devices. It is one of the premier Japanese stocks to invest in. On September 7, Goldman Sachs analyst Minami Munakata resumed coverage of Sony Group Corporation (NYSE:SONY) stock with a Neutral rating and a 12,200 yen price target, noting that the company’s near-term earnings will level off. 

Among the hedge funds being tracked by Insider Monkey, New York-based investment firm GAMCO Investors is a leading shareholder in Sony Group Corporation (NYSE:SONY), with 1.8 million shares worth more than $146.5 million. 

In its Q1 2022 investor letter, Aristotle Capital Management, an asset management firm, highlighted a few stocks and Sony Group Corporation (NYSE:SONY) was one of them. Here is what the fund said:

“Sony, maker of the PlayStation videogame console, was a leading detractor for the quarter. After a strong year in 2021, a shortfall in PlayStation 5 sales due to continued semiconductor shortages has dampened new console unit sales. Although there are likely to be continued limitations on the supply of components in the short term, consumer demand remains strong, and upcoming releases of major titles such as Horizon Forbidden West and Gran Turismo 7 are likely to further enhance demand. While Sony continues to manage supply-chain headwinds, the company has also again demonstrated its ability to build on the fundamental strength of its business across various segments. During the quarter, Sony acquired Bungie, a U.S.-based videogame developer known for the Destiny franchise and live game services; completed its initial equity investment in Japan Advanced Semiconductor Manufacturing, a foundry service subsidiary of Taiwan Semiconductor Manufacturing Company (TSMC); and acquired Brazilian music label Som Livre. Lastly, Sony announced a partnership with Honda Motor (NYSE:HMC) where the two companies expect to combine Honda’s expertise in manufacturing vehicles with Sony’s proficiency in imaging, sensing, telecommunication and network technologies to develop and commercialize electric vehicles. We feel these strategic actions demonstrate Sony’s ability to continue to improve on its market positions across its business segments with a long-term, forward-looking approach.” 

You can also take a peek at 10 Best Stocks to Buy According to Angela Aldrich’s Bayberry Capital Partners and Top 10 Tech Stocks to Buy According to Billionaire Louis Bacon.

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