Japan Smaller Capitalization Fund, Inc. Announces Commencement of Tender Offer and Re-Leveling of Level Distribution Plan

NEW YORK, May 22, 2026 (GLOBE NEWSWIRE) -- In connection with Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF)'s previously announced conditional tender offer, the Fund today announced that its Board of Directors (the “Board”) has approved a tender offer (the “Tender Offer”) to purchase up to 10% of its issued and outstanding shares at a price per share equal to 98% of the net asset value (“NAV”) per share as of the pricing date. The Tender Offer is expected to commence on June 1, 2026, and expire at 5:00 p.m.

GlobeNewsWire • May 22, 2026

JOF: Japanese Small Caps Alongside Structural Improvements And Moderate Valuations

Japan Smaller Capitalization Fund is a closed-end fund with an active exposure to Japanese small-cap equities. JOF benefits from structural ROE improvements, governance reforms, and moderate valuations, also positioning it for potential re-rating and relatively less downside exposure protection versus richly valued markets such as the S&P. Yen weakness can exert near-term pressure on total returns; however, in isolation, this does not negate the investment case. The execution of qualitative improvements, however, needs to be monitored.

Seeking Alpha • Apr 30, 2026

Japan Smaller Capitalization Fund, Inc. Announces Board Determination to Proceed with Conditional Tender Offer

NEW YORK, April 17, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today announced that its Board of Directors (the “Board”) has approved a cash tender offer to purchase up to 10% of the Fund's outstanding shares. This tender offer is being conducted pursuant to the Fund's previously announced Conditional Tender Offer (the "CTO”).

GlobeNewsWire • Apr 17, 2026

Japan Smaller Capitalization Fund, Inc. Announces Monthly Distributions for April, May and June 2026 Under Its Level Distribution Plan

NEW YORK, March 10, 2026 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today declared monthly cash distributions to common shareholders pursuant to its Level Distribution Plan (“LDP”) as follows: Record Date Ex-Dividend Date Payment Date Distribution Amount April 15, 2026 April 15, 2026 April 30, 2026 $0.0887 May 15, 2026 May 15, 2026 May 29, 2026 $0.0887 June 15, 2026 June 15, 2026 June 30, 2026 $0.0887 The LDP is intended to provide shareholders with a constant, though not guaranteed, fixed rate of distribution each month. Distributions will be made primarily in cash but under the Fund's dividend-reinvestment plan, distributions will be made in Fund shares unless a shareholder has elected to receive cash.

GlobeNewsWire • Mar 10, 2026

Japan Smaller Capitalization Fund, Inc. Announces Monthly Distributions for January, February and March 2026 Under Its Level Distribution Plan

CORRECTED AND RESTATED PRESS RELEASE This press release corrects and restates the press release issued on November 21, 2025 to correct the record date and ex-dividend date for the Fund's February 2026 distribution to February 13, 2026 (from February 16, 2026) due to the Presidents Day holiday. The payment date and distribution amount remain unchanged.

GlobeNewsWire • Feb 2, 2026

JOF: Probably Still Discounted, But Domestic Exposure Amid Yen Concerns

Japan Smaller Capitalization Fund offers small-cap Japan exposure but faces higher expense ratios and more domestic, yen-denominated risk than broader index funds. JOF's portfolio includes both domestic and export-oriented businesses, but its foreign market exposure is less than the broader index which can be accessed cheaply. Despite similar ROE and sales growth to category averages, JOF trades at ~30% lower PE and P/B, suggesting a value case exists.

Seeking Alpha • Dec 3, 2025

JOF: A Lower PBR Bet Than DFJ

Japan Smaller Capitalization Fund offers aggressive exposure to low PBR Japanese small/mid-caps, benefiting from improving capital allocation trends. JOF's recent NAV performance is strong, with 1-year and 3-year returns of 26.33% and 20.6%, respectively, outpacing its benchmark. It's even better when considering closed NAV discounts. The fund's 1.3% expense ratio is high, but you are getting a more difficult fund exposure, particularly in low PBR investments.

Seeking Alpha • Sep 22, 2025

Japan Smaller Capitalization Fund, Inc. Announces Monthly Distributions for October, November and December 2025 Under Its Level Distribution Plan

NEW YORK, Sept. 12, 2025 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (the “Fund”) (NYSE: JOF) today declared monthly cash distributions to common shareholders pursuant to its Level Distribution Plan (“LDP”) as follows: Record Date Ex-Dividend Date Payment Date Distribution Amount October 15, 2025 October 15, 2025 October 31, 2025 $0.0887 November 14, 2025 November 14, 2025 November 28, 2025 $0.0887 December 15, 2025 December 15, 2025 December 31, 2025 $0.0887 The LDP is intended to provide shareholders with a constant, though not guaranteed, fixed rate of distribution each month.

GlobeNewsWire • Sep 12, 2025

JOF: Benefits Of Investing In Smaller Companies At A Discount To NAV

Japan's economy has been resilient amid export shocks and rising inflation. Growth will be moderate in 2025 and 2026. Japanese small caps stand out in the market based on valuation and financials. JOF is an excellent vehicle to accumulate during dips. However, the current discount is only mildly appealing following the massive 2025 bull run.

Seeking Alpha • Sep 8, 2025

Japan Smaller Capitalization Fund, Inc. Announces Annual Meeting of Shareholders

NEW YORK, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Japan Smaller Capitalization Fund, Inc. (NYSE: JOF) (the “Fund”) announced that it will hold its annual meeting of shareholders (the “Meeting”) at the offices of Nomura Asset Management U.S.A.

GlobeNewsWire • Sep 3, 2025