N-PX 1 brhc10014032_npx.htm N-PX
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT
INVESTMENT COMPANY

Investment Company Act file number  811-05992
 
Japan Smaller Capitalization Fund, Inc.
(Exact name of registrant as specified in charter)

 
Worldwide Plaza, 19th Floor, 309 West 49th
Street, New York, New York
10019
 
(Address of principal executive offices) 
(Zip code)
 
Mr. Yuichi Nomoto
Worldwide Plaza
19th Floor
309 West 49th Street 
New York, New York 10019
(Name and address of agent for service)

Registrant’s telephone number, including area code:  (800) 833-0018

Date of fiscal year end: February 28
 
 
Date of reporting period: July 1, 2019 – June 30, 2020

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting
Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed
By
For/Against MGMT
Vote
                   
AIN HOLDINGS INC.
30-Jul-2019
Annual General Meeting
1,200
  
5953240
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Ito, Junro
MGMT
FOR
FOR
                   
KUSURI NO AOKI HOLDINGS CO.,LTD.
17-Aug-2019
Annual General Meeting
11,300
  
BYX8TV2
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Aoki, Keisei
MGMT
FOR
FOR
           
Appoint a Director Aoki, Yasutoshi
MGMT
FOR
FOR
           
Appoint a Director Aoki, Hironori
MGMT
FOR
FOR
           
Appoint a Director Yahata, Ryoichi
MGMT
FOR
FOR
           
Appoint a Director Yoshino, Kunihiko
MGMT
FOR
FOR
           
Appoint a Director Okada, Motoya
MGMT
AGAINST
AGAINST
           
Appoint a Director Yanagida, Naoki
MGMT
FOR
FOR
           
Amend Articles to: Amend Business Lines, Allow the Board of Directors to Authorize Appropriation of Surplus and Purchase Own Shares, Eliminate the Articles Related to Allowing the Board of Directors to Authorize the Company to Purchase Own Shares
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Morioka, Shinichi
MGMT
AGAINST
AGAINST
                   
DAIKOKUTENBUSSAN CO.,LTD.
21-Aug-2019
Annual General Meeting
171,000
  
6713186
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Oga, Shoji
MGMT
AGAINST
AGAINST
           
Appoint a Director Kikuchi, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Director Kawada, Tomohiro
MGMT
FOR
FOR
           
Appoint a Director Oga, Masahiko
MGMT
FOR
FOR
           
Appoint a Director Omura, Masashi
MGMT
FOR
FOR
           
Appoint a Director Noda, Naoki
MGMT
FOR
FOR
           
Appoint a Director Fukuda, Masahiko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Terao, Koji
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Imaoka, Shoichi
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Kuwahara, Kazunari
MGMT
FOR
FOR
           
Approve Details of Compensation as Stock Options for Directors (Excluding Outside Directors)
MGMT
AGAINST
AGAINST
                   
CREATE SD HOLDINGS CO.,LTD.
23-Aug-2019
Annual General Meeting
64,400
  
B3V2XQ2
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Ampo, Yoko
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Yamamoto, Hisao
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hirose, Taizo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yamamoto, Itsuko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Saito, Osamu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakaura, Shigeto
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kasakawa, Kuniaki
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Baniwa, Shuichi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Hara, Yukio
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kawamura, Nobuhiko
MGMT
FOR
FOR
           
Amend Articles to: Amend Business Lines
MGMT
FOR
FOR
                   
COSMOS PHARMACEUTICAL CORPORATION
23-Aug-2019
Annual General Meeting
8,300
  
B036QP1
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Nagahara, Go
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Uno, Masateru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yokoyama, Hideaki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwashita, Masahiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takemori, Motoi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shibata, Futoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Uno, Yukitaka
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kosaka, Michiyoshi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kino, Tetsuo
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Ueta, Masao
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND

Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
SHINPO CO.,LTD.
20-Sep-2019
Annual General Meeting
1,900
  
6864493
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Toshiaki
MGMT
AGAINST
AGAINST
           
Appoint a Director Mizuno, Yasuhiko
MGMT
FOR
FOR
           
Appoint a Director Ando, Norihiko
MGMT
FOR
FOR
           
Appoint a Director Kataoka, Mitsuo
MGMT
FOR
FOR
           
Appoint a Director Mori, Tatsuhide
MGMT
FOR
FOR
           
Appoint a Director Yamada, Kiyohisa
MGMT
FOR
FOR
           
Appoint a Director Tanimura, Masami
MGMT
FOR
FOR
           
Appoint a Director Achiwa, Chihiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Onishi, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Mitsuoka, Yojiro
MGMT
FOR
FOR
                   
PAN PACIFIC INTERNATIONAL HOLDINGS CORPORATION
25-Sep-2019
Annual General Meeting
55,600
  
5767753
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yoshida, Naoki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Matsumoto, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nishii, Takeshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sakakibara, Ken
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sekiguchi, Kenji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Maruyama, Tetsuji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ishii, Yuji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Abe, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yasuda, Takao
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nishitani, Jumpei
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Yoshino, Masaki
MGMT
FOR
FOR
                   
AI HOLDINGS CORPORATION
26-Sep-2019
Annual General Meeting
33,400
  
B1TK201
Approve Appropriation of Surplus
MGMT
FOR
FOR
                   
SHIBUYA CORPORATION
26-Sep-2019
Annual General Meeting
10,700
  
6804239
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Shibuya, Hirotoshi
MGMT
FOR
FOR
           
Appoint a Director Shibuya, Susumu
MGMT
FOR
FOR
           
Appoint a Director Kubo, Naoyoshi
MGMT
FOR
FOR
           
Appoint a Director Kobayashi, Takeo
MGMT
FOR
FOR
           
Appoint a Director Naka, Toshiaki
MGMT
FOR
FOR
           
Appoint a Director Mori, Katsumi
MGMT
FOR
FOR
           
Appoint a Director Yoshimichi, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director Kitamura, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Honda, Munetaka
MGMT
FOR
FOR
           
Appoint a Director Kawamura, Takashi
MGMT
FOR
FOR
           
Appoint a Director Shibuya, Mitsutoshi
MGMT
FOR
FOR
           
Appoint a Director Shibuya, Hidetoshi
MGMT
FOR
FOR
           
Appoint a Director Nishino, Yukinobu
MGMT
FOR
FOR
           
Appoint a Director Nishida, Masakiyo
MGMT
FOR
FOR
           
Appoint a Director Nagai, Hidetsugu
MGMT
FOR
FOR
           
Appoint a Director Ota, Masato
MGMT
FOR
FOR
           
Appoint a Director Nakanishi, Shinji
MGMT
FOR
FOR
           
Appoint a Director Takamoto, Munehiro
MGMT
FOR
FOR
           
Appoint a Director Futagi, Akinori
MGMT
FOR
FOR
           
Appoint a Director Watanabe, Hidekatsu
MGMT
FOR
FOR
           
Appoint a Director Sugai, Toshiaki
MGMT
FOR
FOR
           
Appoint a Director Tamai, Masatoshi
MGMT
FOR
FOR
           
Appoint a Director Miyamae, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Suzuki, Yoshiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Endo, Shigeru
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ataka, Tateki
MGMT
AGAINST
AGAINST
           
Approve Issuance of Trust-Type Rights Plan
MGMT
AGAINST
AGAINST

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote

                 
JAPAN MEAT CO.,LTD.
21-Oct-2019
Annual General Meeting
132,500
  
BYM6DQ0
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Sakai, Masahiro
MGMT
FOR
FOR
           
Appoint a Director Mori, Toshiro
MGMT
FOR
FOR
           
Appoint a Director Sakai, Koji
MGMT
FOR
FOR
           
Appoint a Director Sakai, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Director Fujiwara, Katsuro
MGMT
FOR
FOR
           
Appoint a Director Sugiyama, Yoko
MGMT
FOR
FOR
           
Appoint a Director Abe, Kosei
MGMT
FOR
FOR
           
Appoint a Director Midorikawa, Kiyoharu
MGMT
FOR
FOR
           
Appoint a Director Otaki, Atsuko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Fujihara, Kenichi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Murai, Yukio
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Seki, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nemoto, Yoshinori
MGMT
FOR
FOR
           
Amend Articles to: Change Official Company Name to JM HOLDINGS CO.,LTD., Amend Business Lines
MGMT
FOR
FOR
           
Approve Absorption-Type Company Split Agreement to Create a Holding Company Structure
MGMT
FOR
FOR
           
Approve Absorption-Type Company Split Agreement
MGMT
FOR
FOR
                   
SANYO HOUSING NAGOYA CO.,LTD.
27-Nov-2019
Annual General Meeting
331,100
  
6532820
Appoint a Director Sawada, Yasunari
MGMT
FOR
FOR
           
Appoint a Director Miyazaki, Takuya
MGMT
FOR
FOR
           
Appoint a Director Mito, Naoki
MGMT
FOR
FOR
           
Appoint a Director Omori, Takaharu
MGMT
FOR
FOR
           
Appoint a Director Hisada, Hidenobu
MGMT
FOR
FOR
           
Appoint a Director Okamoto, Ryo
MGMT
FOR
FOR
           
Appoint a Director Endo, Akikazu
MGMT
FOR
FOR
           
Appoint a Director Hironaka, Kazuo
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Senju, Norio
MGMT
FOR
FOR
           
Amend Articles to: Change Official Company Name to AVANTIA CO., LTD.
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors
MGMT
AGAINST
AGAINST
           
Approve Retirement Allowance for Retiring Directors, and Payment of Accrued Benefits associated with Abolition of Retirement Benefit System for Current Corporate Officers
MGMT
AGAINST
AGAINST
                   
JINS HOLDINGS INC.
28-Nov-2019
Annual General Meeting
14,400
  
B18D6G5
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Maeda, Natsuhiko
MGMT
AGAINST
AGAINST
           
Appoint a Corporate Auditor Ono, Katsunori
MGMT
AGAINST
AGAINST
                   
STEP CO.,LTD.
14-Dec-2019
Annual General Meeting
156,700
  
6791999
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Tatsui, Kyoji
MGMT
FOR
FOR
           
Appoint a Director Endo, Yosuke
MGMT
FOR
FOR
           
Appoint a Director Umezawa, Naoyuki
MGMT
FOR
FOR
           
Appoint a Director Arai, Noriaki
MGMT
FOR
FOR
           
Appoint a Director Takase, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Director Daikoku, Akiyoshi
MGMT
FOR
FOR
           
Appoint a Director Hakamada, Tsuyoshi
MGMT
FOR
FOR
           
Appoint a Director Morimoto, Yuriko
MGMT
FOR
FOR
           
Appoint a Director Kijima, Fumiyoshi
MGMT
AGAINST
AGAINST
           
Appoint a Director Asano, Tatsuru
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ueda, Hideki
MGMT
FOR
FOR
                   
TEAR CORPORATION
20-Dec-2019
Annual General Meeting
76,700
  
B142B83
Appoint a Director Tomiyasu, Norihisa
MGMT
FOR
FOR
           
Appoint a Director Okadome, Shokichi
MGMT
FOR
FOR
           
Appoint a Director Tsuji, Kohei
MGMT
FOR
FOR
           
Appoint a Director Miyazaki, Yoshiyuki
MGMT
FOR
FOR
           
Appoint a Director Manabe, Kengo
MGMT
FOR
FOR
           
Appoint a Director Yamamoto, Katsumi
MGMT
FOR
FOR
           
Appoint a Director Mori, Zenryo
MGMT
FOR
FOR
           
Appoint a Director Ogiso, Masato
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
EPS HOLDINGS,INC.
20-Dec-2019
Annual General Meeting
98,600
  
6367486
Approve Appropriation of Surplus
MGMT
FOR
 FOR
           
Appoint a Director Yan Hao
 MGMT
FOR
FOR
           
Appoint a Director Tashiro, Shinro
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Hisashi
MGMT
FOR
FOR
           
Appoint a Director Sekitani, Kazuki
MGMT
FOR
FOR
           
Appoint a Director Orihashi, Shuzo
MGMT
FOR
FOR
           
Appoint a Director Funabashi, Haruo
MGMT
FOR
FOR
           
Appoint a Director Ando, Yoshinori
MGMT
FOR
FOR
           
Appoint a Director Taguchi, Junichi
MGMT
FOR
FOR
           
Appoint a Director Iwami, Yo
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Tamai, Yasuharu
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Tochigi, Toshiaki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Higuchi, Yoshiyuki
MGMT
FOR
FOR
           
Amend Articles to: Reduce Term of Office of Directors to One Year, Revise Conveners and Chairpersons of a Shareholders Meeting and Board of Directors Meeting
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Corporate Auditors
MGMT
AGAINST
AGAINST
           
Approve Details of the Restricted-Share Compensation and the Performance-based Stock Compensation to be received by Directors
MGMT
AGAINST
AGAINST
           
Approve Payment of Accrued Benefits associated with Abolition of Retirement Benefit System for Current Directors
MGMT
FOR
FOR
                   
SPRIX,LTD.
26-Dec-2019
Annual General Meeting
44,800
  
BG1VQF0
Appoint a Director who is not Audit and Supervisory Committee Member Tsuneishi, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hiraishi, Akira
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hirai, Toshihide
MGMT
FOR
FOR
           
Amend Articles to: Amend Business Lines
MGMT
FOR
FOR
                   
HI-LEX CORPORATION
25-Jan-2020
Annual General Meeting
324,800
  
6643476
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Teraura, Makoto
MGMT
FOR
FOR
           
Appoint a Director Nakano, Mitsuhiro
MGMT
FOR
FOR
           
Appoint a Director Teraura, Taro
MGMT
FOR
FOR
           
Appoint a Director Hirai, Shoichi
MGMT
FOR
FOR
           
Appoint a Director Masaki, Yasuko
MGMT
FOR
FOR
           
Appoint a Director Kato, Toru
MGMT
FOR
FOR
           
Appoint a Director Akanishi, Yoshifumi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Matsumoto, Koichi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yoshitake, Hideyuki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kobayashi, Satoshi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ota, Katsumi
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
FOR
FOR
           
Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures)
MGMT
AGAINST
AGAINST
                   
J.S.B.CO.,LTD.
28-Jan-2020
Annual General Meeting
500
  
BF0X6T4
Appoint a Director Oka, Yasuko
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Tsuyoshi
MGMT
FOR
FOR
           
Appoint a Director Kondo, Masahiko
MGMT
FOR
FOR
           
Appoint a Director Hayashi, Kenji
MGMT
FOR
FOR
           
Appoint a Director Yamamoto, Takanori
MGMT
FOR
FOR
           
Appoint a Director Kanai, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Director Kosuga, Kaori
MGMT
FOR
FOR
           
Appoint a Director Shiraishi, Norio
MGMT
FOR
FOR
           
Appoint a Director Endo, Tomiyoshi
MGMT
AGAINST
AGAINST
           
Appoint a Director Suzuki, Yasuyuki
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
H.I.S.CO.,LTD.
29-Jan-2020
Annual General Meeting
82,300
  
5806117
Approve Appropriation of Surplus
MGMT
FOR
 FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sawada, Hideo
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakamori, Tatsuya
MGMT
FOR
 FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Oda, Masayuki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakatani, Shigeru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yamanobe, Atsushi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Gomi, Mutsumi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yada, Motoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sawada, Hidetaka
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Umeda, Tsunekazu
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Katsura, Yasuo
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Sekita, Sonoko
MGMT
FOR
FOR
           
Amend Articles to: Change Official Company Name to H.I.S. HOLDINGS INC., Amend Business Lines, Change Company Location within TOKYO, Revise Directors with Title
MGMT
FOR
FOR
           
Approve Absorption-Type Company Split Agreement
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
AGAINST
AGAINST
                   
NICHIRIN CO.,LTD.
26-Mar-2020
Annual General Meeting
25,900
  
6037080
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Tezuka, Toshio
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Morikawa, Ryoichi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ueda, Kiyokazu
MGMT
FOR
FOR
           
Amend Articles to: Approve Minor Revisions
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Murazumi, Shinichi
MGMT
AGAINST
AGAINST
                   
THE PACK CORPORATION
26-Mar-2020
Annual General Meeting
77,400
  
6887821
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Inada, Mitsuo
MGMT
FOR
FOR
           
Appoint a Director Takinoue, Teruo
MGMT
FOR
FOR
           
Appoint a Director Yamashita, Hideaki
MGMT
FOR
FOR
           
Appoint a Director Okada, Susumu
MGMT
FOR
FOR
           
Appoint a Director Fujii, Michihisa
MGMT
FOR
FOR
           
Appoint a Director Nakamura, Shuichi
MGMT
FOR
FOR
           
Appoint a Director Hayashi, Hirofumi
MGMT
FOR
FOR
           
Appoint a Director Nishio, Uichiro
MGMT
FOR
FOR
           
Appoint a Director Ashida, Norio
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors
MGMT
FOR
FOR
                   
SAKATA INX CORPORATION
26-Mar-2020
Annual General Meeting
613,500
  
6769833
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Morita, Kotaro
MGMT
FOR
FOR
           
Appoint a Director Nakamura, Masaki
MGMT
FOR
FOR
           
Appoint a Director Nakamura, Hitoshi
MGMT
FOR
FOR
           
Appoint a Director Ueno, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director Fukunaga, Toshihiko
MGMT
FOR
FOR
           
Appoint a Director Nakagawa, Katsumi
MGMT
FOR
FOR
           
Appoint a Director Katsuki, Yasumi
MGMT
FOR
FOR
           
Appoint a Director Izumi, Shizue
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Sugimoto, Hiroyuki
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Outside Directors)
MGMT
FOR
FOR
                   
STAR MICRONICS CO.,LTD.
26-Mar-2020
Annual General Meeting
16,800
  
6841526
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Hajime
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Mamoru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sasai, Yasunao
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwasaki, Seigo
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nishikawa, Seiichi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Doko, Hide
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Sugimoto, Motoki
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
TOSHIBA MACHINE CO.,LTD.
27-Mar-2020
ExtraOrdinary General Meeting
43,000
  
6897262
Approve Introduction of Response Policies for the Tender Offer, etc. for Company Shares by Office Support K.K. and Its Subsidiaries
 MGMT AGAINST
AGAINST
           
Approve Allotment of Free Share Acquisition Rights
MGMT
AGAINST
 AGAINST
                   
KEIYO GAS CO.,LTD.
27-Mar-2020
Annual General Meeting
50,500
  
6487469
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Kikuchi, Misao
MGMT
FOR
FOR
           
Appoint a Director Habu, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Yamaura, Nobusuke
MGMT
FOR
FOR
           
Appoint a Director Eguchi, Takashi
MGMT
FOR
FOR
           
Appoint a Director Funaki, Takashi
MGMT
FOR
FOR
           
Appoint a Director Furuichi, Seiichi
MGMT
FOR
FOR
           
Appoint a Director Yasuda, Akihiro
MGMT
FOR
FOR
           
Appoint a Director Maekawa, Wataru
MGMT
FOR
FOR
           
Appoint a Director Mori, Takao
MGMT
FOR
FOR
           
Appoint a Director Oishi, Noboru
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kagami, Toshio
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Maruyama, Kyoji
MGMT
FOR
FOR
                   
OTSUKA CORPORATION
27-Mar-2020
Annual General Meeting
28,100
  
4272634
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nakai, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Hada, Etsuo
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Minagawa, Katsumasa
MGMT
FOR
FOR
                   
SIIX CORPORATION
27-Mar-2020
Annual General Meeting
636,500
  
6174556
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Murai, Shiro
MGMT
FOR
FOR
           
Appoint a Director Yanase, Koji
MGMT
FOR
FOR
           
Appoint a Director Ono, Seiji
MGMT
FOR
FOR
           
Appoint a Director Maruyama, Toru
MGMT
FOR
FOR
           
Appoint a Director Fujita, Tatsuo
MGMT
FOR
FOR
           
Appoint a Director Takatani, Shinsuke
MGMT
FOR
FOR
           
Appoint a Director Omori, Susumu
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Kawai, Takanori
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Yoshizawa, Nao
MGMT
FOR
FOR
                   
MABUCHI MOTOR CO.,LTD.
27-Mar-2020
Annual General Meeting
119,500
  
6551030
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Okoshi, Hiroo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Itokawa, Masato
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Katayama, Hirotaro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Taniguchi, Shinichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iyoda, Tadahito
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Uenishi, Eiji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Mitarai, Naoki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsutsumi, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Jody L. Ono
MGMT
FOR
FOR
                   
NAKANISHI INC.
27-Mar-2020
Annual General Meeting
118,600
  
6271071
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Nakanishi, Eiichi
MGMT
FOR
FOR
           
Appoint a Director Nakanishi, Kensuke
MGMT
FOR
FOR
           
Appoint a Director Suzuki, Masataka
MGMT
FOR
FOR
           
Appoint a Director Nonagase, Yuji
MGMT
FOR
FOR
           
Appoint a Director Suzuki, Fusato
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Maki, Yoshihiro
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
PIGEON CORPORATION
27-Mar-2020
Annual General Meeting
9,800
  
6688080
Approve Appropriation of Surplus
 MGMT
FOR
FOR
           
Appoint a Director Nakata, Yoichi
 MGMT
FOR
FOR
           
Appoint a Director Yamashita, Shigeru
 MGMT
FOR
FOR
           
Appoint a Director Kitazawa, Norimasa
 MGMT
FOR
FOR
           
Appoint a Director Akamatsu, Eiji
 MGMT
FOR
FOR
           
Appoint a Director Itakura, Tadashi
MGMT
FOR
FOR
           
Appoint a Director Kurachi, Yasunori
MGMT
FOR
FOR
           
Appoint a Director Kevin Vyse-Peacock
MGMT
FOR
FOR
           
Appoint a Director Nitta, Takayuki
MGMT
FOR
FOR
           
Appoint a Director Hatoyama, Rehito
MGMT
FOR
FOR
           
Appoint a Director Okada, Erika
MGMT
FOR
FOR
           
Appoint a Director Hayashi, Chiaki
MGMT
FOR
FOR
           
Appoint a Director Yamaguchi, Eriko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Matsunaga, Tsutomu
MGMT
FOR
FOR
           
Amend Articles to: Reduce the Board of Directors Size to 13, Adopt Reduction of Liability System for Corporate Officers
MGMT
FOR
FOR
                   
SAN-A CO.,LTD.
26-May-2020
Annual General Meeting
86,200
  
6280680
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Orita, Joji
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Uechi, Tessei
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Arashiro, Kentaro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tasaki, Masahito
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Goya, Tamotsu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Toyoda, Taku
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takeda, Hisashi
MGMT
FOR
FOR
                   
MARUZEN CO.,LTD.
26-May-2020
Annual General Meeting
10,000
  
6573498
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nagasaka, Osamu
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors
MGMT
FOR
FOR
           
Approve Payment of Accrued Benefits associated with Abolition of Retirement Benefit System for Current Corporate Officers
MGMT
AGAINST
AGAINST
                   
HIDAY HIDAKA CORP.
27-May-2020
Annual General Meeting
26
  
6173854
Appoint a Director Kanda, Tadashi
MGMT
FOR
FOR
           
Appoint a Director Takahashi, Hitoshi
MGMT
FOR
FOR
           
Appoint a Director Arita, Akira
MGMT
FOR
FOR
           
Appoint a Director Shima, Juichi
MGMT
FOR
FOR
           
Appoint a Director Yoshida, Nobuyuki
MGMT
FOR
FOR
           
Appoint a Director Kase, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Director Fuchigami, Tatsutoshi
MGMT
FOR
FOR
           
Appoint a Director Aono, Hiroshige
MGMT
FOR
FOR
           
Appoint a Director Akachi, Fumio
MGMT
FOR
FOR
           
Appoint a Director Nagata, Tadashi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yoshimoto, Atsuhiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Shibuya, Michio
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Koyama, Shigekazu
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Rokugawa, Hiroaki
MGMT
FOR
FOR
                   
IZUMI CO.,LTD.
27-May-2020
Annual General Meeting
99,400
  
6468152
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Kuromoto, Hiroshi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Horikawa, Tomoko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Okada, Hirotaka
MGMT
FOR
FOR
           
Amend Articles to: Amend Business Lines
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Corporate Auditors
MGMT
AGAINST
AGAINST
                   
ABC-MART,INC.
28-May-2020
Annual General Meeting
26,300
  
6292102
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Noguchi, Minoru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Katsunuma, Kiyoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kojima, Jo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kikuchi, Takashi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hattori, Kiichiro
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
TAKEUCHI MFG.CO.,LTD.
28-May-2020
Annual General Meeting
30,000
   6565031
Approve Appropriation of Surplus
 MGMT FOR FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Uchiyama, Yoshitaka
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takeuchi, Akio
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takeuchi, Toshiya
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Watanabe, Takahiko
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Clay Eubanks
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kobayashi, Osamu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yokoyama, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kusama, Minoru
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kobayashi, Akihiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Iwabuchi, Michio
MGMT
FOR
FOR
           
Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
FOR
FOR
                   
TOKAI RIKA CO.,LTD.
10-Jun-2020
Annual General Meeting
32,500
  
6894025
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Ninoyu, Hiroyoshi
MGMT
FOR
FOR
           
Appoint a Director Sato, Koki
MGMT
FOR
FOR
           
Appoint a Director Noguchi, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director Nishida, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Yamanaka, Yasushi
MGMT
FOR
FOR
           
Appoint a Director Fujioka, Kei
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Hotta, Masato
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Chida, Minoru
MGMT
AGAINST
AGAINST
           
Amend Articles to: Amend Business Lines
MGMT
FOR
FOR
           
Approve Details of the Compensation to be received by Outside Directors
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Outside Directors)
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
FOR
FOR
                   
OKINAWA CELLULAR TELEPHONE COMPANY
11-Jun-2020
Annual General Meeting
206,700
  
5805738
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Yuasa, Hideo
MGMT
FOR
FOR
           
Appoint a Director Yamamori, Seiji
MGMT
FOR
FOR
           
Appoint a Director Oroku, Kunio
MGMT
FOR
FOR
           
Appoint a Director Aharen, Hikaru
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Takashi
MGMT
FOR
FOR
           
Appoint a Director Shoji, Takashi
MGMT
FOR
FOR
           
Appoint a Director Suga, Takashi
MGMT
FOR
FOR
           
Appoint a Director Toguchi, Takeyuki
MGMT
FOR
FOR
           
Appoint a Director Oshiro, Hajime
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
FOR
FOR
                   
TRANCOM CO.,LTD.
18-Jun-2020
Annual General Meeting
3,800
  
6890034
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shimizu, Masahisa
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsunekawa, Yutaka
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Jinno, Yasuhiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kambayashi, Ryo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakazawa, Keisuke
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takebe, Atsunori
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Kei
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nagamine, Hisatoshi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kawamura, Kazuo
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Hayakawa, Yasuhisa
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Sharesres
  
SEDOL
 Proposal
Proposed By
For/Against MGMTT
Vote
                   
KOHSOKU CORPORATION
18-Jun-2020
Annual General Meeting
332,100
  
6488592
Appoint a Substitute Director who is Audit and Supervisory Committee Member Ichikawa, Hiroko
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Terashi, Koki
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Terashi, Yuki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Wagatsuma, Hideki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kobayashi, Hiromi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Obara, Junichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hatakeyama, Katsuhiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Tomokazu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Miura, Koki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwasawa, Miyuki
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Iwamaru, Tomio
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Sasaki, Shigemitsu
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nakamura, Ken
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Uchida, Takakazu
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Ito, Mitsuhiko
MGMT
FOR
FOR
                   
ALPS LOGISTICS CO.,LTD.
19-Jun-2020
Annual General Meeting
296,400
  
6050764
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Usui, Masaru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shimohiro, Katsuhiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Fukiyama, Koji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kega, Yoichiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ohashi, Susumu
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nakamura, Kunihiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Oyama, Takashi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nishikawa, Naoko
MGMT
FOR
FOR
           
Amend Articles to: Reduce the Board of Directors Size, Adopt Reduction of Liability System for Directors, Adopt an Executive Officer System, Approve Minor Revisions
MGMT
FOR
FOR
           
Amend the Conditions for the Exercise of Share Acquisition Rights as Stock-Linked Compensation Type Stock Options
MGMT
AGAINST
AGAINST
                   
NIPPON AIR CONDITIONING SERVICES CO.,LTD.
19-Jun-2020
Annual General Meeting
213,300
  
6631664
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Yoji
MGMT
FOR
FOR
           
Appoint a Director Kusano, Koji
MGMT
FOR
FOR
           
Appoint a Director Nakamura, Hidekazu
MGMT
FOR
FOR
           
Appoint a Director Watanabe, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director Nakamachi, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Murotani, Toshiaki
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Toshio
MGMT
FOR
FOR
           
Appoint a Director Higashimoto, Tsuyoshi
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
FOR
FOR
                   
SUGIMOTO & CO.,LTD.
19-Jun-2020
Annual General Meeting
79,600
  
6856928
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Sugimoto, Masahiro
MGMT
AGAINST
AGAINST
           
Appoint a Director Sakaguchi, Shosaku
MGMT
FOR
FOR
           
Appoint a Director Sugimoto, Toshio
MGMT
FOR
FOR
           
Appoint a Director Sugimoto, Naohiro
MGMT
FOR
FOR
           
Appoint a Director Miyaji, Kamezo
MGMT
FOR
FOR
                   
T&K TOKA CO.,LTD.
19-Jun-2020
Annual General Meeting
385,800
  
6038469
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Masuda, Yoshikatsu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yoshimura, Akira
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hojo, Minoru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kurimoto, Ryuichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakama, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Isogai, Kota
MGMT
AGAINST
AGAINST

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
  For/Against MGMT
Vote
                   
SEIREN CO.,LTD.
19-Jun-2020
Annual General Meeting
378,800
   6793520
Approve Appropriation of Surplus
 MGMT
FOR
FOR
           
Appoint a Director Kawada, Tatsuo
 MGMT
FOR
FOR
           
Appoint a Director Tsubota, Koji
 MGMT
FOR
FOR
           
Appoint a Director Yu Hui
 MGMT
FOR
FOR
           
Appoint a Director Oenoki, Toshiyuki
 MGMT
FOR
FOR
           
Appoint a Director Yamada, Hideyuki
 MGMT
FOR
FOR
           
Appoint a Director Kawada, Koji
 MGMT
FOR
FOR
           
Appoint a Director Kitabata, Takao
 MGMT
FOR
FOR
           
Appoint a Director Hotta, Kensuke
MGMT
FOR
FOR
           
Appoint a Director Sasae, Kenichiro
MGMT
FOR
FOR
           
Appoint a Director Ueyama, Koichi
MGMT
FOR
FOR
           
Appoint a Director Katsuki, Tomofumi
MGMT
FOR
FOR
           
Appoint a Director Takezawa, Yasunori
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Makida, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kishi, Hidekatsu
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kaiami, Makoto
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kosaka, Keizo
MGMT
FOR
FOR
                   
NS SOLUTIONS CORPORATION
19-Jun-2020
Annual General Meeting
47,600
  
6544687
Appoint a Director Morita, Hiroyuki
MGMT
AGAINST
AGAINST
           
Appoint a Director Kondo, Kazumasa
MGMT
FOR
FOR
           
Appoint a Director Oshiro, Takashi
MGMT
FOR
FOR
           
Appoint a Director Matsumura, Atsuki
MGMT
FOR
FOR
           
Appoint a Director Fukushima, Tetsuji
MGMT
FOR
FOR
           
Appoint a Director Tamaoki, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director Yoshida, Katsuhiko
MGMT
FOR
FOR
           
Appoint a Director Aoshima, Yaichi
MGMT
FOR
FOR
           
Appoint a Director Ishii, Atsuko
MGMT
FOR
FOR
           
Appoint a Director Ishii, Ichiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Sato, Akira
MGMT
FOR
FOR
           
Amend Articles to: Change Company Location
MGMT
FOR
FOR
                   
AMIYAKI TEI CO.,LTD.
19-Jun-2020
Annual General Meeting
299,800
  
6567565
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Sato, Keisuke
MGMT
FOR
FOR
           
Appoint a Director Chijiwa, Yasushi
MGMT
FOR
FOR
           
Appoint a Director Funayama, Michio
MGMT
FOR
FOR
           
Appoint a Director Sato, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Takeuchi, Takamori
MGMT
FOR
FOR
           
Appoint a Director Akioka, Kenji
MGMT
AGAINST
AGAINST
           
Appoint a Director Nakanishi, Yasuhiro
MGMT
AGAINST
AGAINST
           
Appoint a Director Sato, Kazuya
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yasui, Toshiyuki
MGMT
AGAINST
AGAINST
           
Appoint a Corporate Auditor Onishi, Hidenori
MGMT
FOR
FOR
           
Appoint Accounting Auditors
MGMT
FOR
FOR
                   
SUNDRUG CO.,LTD.
20-Jun-2020
Annual General Meeting
24,800
  
6817895
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Saitsu, Tatsuro
MGMT
FOR
FOR
           
Appoint a Director Sadakata, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Tada, Naoki
MGMT
FOR
FOR
           
Appoint a Director Tada, Takashi
MGMT
FOR
FOR
           
Appoint a Director Sugiura, Nobuhiko
MGMT
FOR
FOR
           
Appoint a Director Matsumoto, Masato
MGMT
FOR
FOR
           
Appoint a Director Tsuji, Tomoko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ozawa, Tetsuro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Shinohara, Kazuma
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
  Voted Shares   SEDOL
Proposal
 Proposed By  For/Against MGMT
Vote
                   
NITTO KOHKI CO.,LTD.
23-Jun-2020
Annual General Meeting
187,400
   6625894
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Mikiya, Toshio
MGMT
FOR
FOR
           
Appoint a Director Ogata, Akinobu
MGMT
FOR
FOR
           
Appoint a Director Takata, Yoko
MGMT
FOR
FOR
           
Appoint a Director Mori, Kenji
MGMT
FOR
FOR
           
Appoint a Director Nakagawa, Yasuo
MGMT
FOR
FOR
           
Appoint a Director Komiyama, Mitsuru
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kagami, Hirohisa
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Shinozuka, Hisashi
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Corporate Auditors
MGMT
AGAINST
AGAINST
           
Appoint a Substitute Corporate Auditor Yamada, Hideo
MGMT
FOR
FOR
                   
PALTAC CORPORATION
23-Jun-2020
Annual General Meeting
43,100
  
B61BG94
Appoint a Director Mikita, Kunio
MGMT
FOR
FOR
           
Appoint a Director Kasutani, Seiichi
MGMT
FOR
FOR
           
Appoint a Director Noma, Masahiro
MGMT
FOR
FOR
           
Appoint a Director Moriya, Akiyoshi
MGMT
FOR
FOR
           
Appoint a Director Shimada, Masaharu
MGMT
FOR
FOR
           
Appoint a Director Yogo, Katsutoshi
MGMT
FOR
FOR
           
Appoint a Director Oishi, Kaori
MGMT
FOR
FOR
           
Appoint a Director Asada, Katsumi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kanaoka, Yukihiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kotera, Yohei
MGMT
FOR
FOR
                   
FUJI SEAL INTERNATIONAL,INC.
23-Jun-2020
Annual General Meeting
13,300
  
5877221
Appoint a Director Kato, Fumio
MGMT
FOR
FOR
           
Appoint a Director Shioji, Hiroumi
MGMT
FOR
FOR
           
Appoint a Director Maki, Tatsundo
MGMT
FOR
FOR
           
Appoint a Director Seki, Yuichi
MGMT
FOR
FOR
           
Appoint a Director Okazaki, Shigeko
MGMT
FOR
FOR
           
Appoint a Director Shirokawa, Masayuki
MGMT
FOR
FOR
                   
CHUBU STEEL PLATE CO.,LTD.
23-Jun-2020
Annual General Meeting
98,000
  
6195739
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Matsuda, Susumu
MGMT
FOR
FOR
           
Appoint a Director Miyahana, Hideki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Mizutani, Tadashi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nomura, Yasuhiro
MGMT
AGAINST
AGAINST
           
Appoint a Corporate Auditor Hirano, Takahiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nishigaki, Makoto
MGMT
FOR
FOR
                   
THE YAMANASHI CHUO BANK,LTD.
24-Jun-2020
Annual General Meeting
177,300
  
6985361
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Shindo, Nakaba
MGMT
FOR
FOR
           
Appoint a Director Seki, Mitsuyoshi
MGMT
FOR
FOR
           
Appoint a Director Kitta, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director Osada, Yukio
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Norihiko
MGMT
FOR
FOR
           
Appoint a Director Fujita, Yutaka
MGMT
FOR
FOR
           
Appoint a Director Furuya, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director Furuya, Fumihiko
MGMT
FOR
FOR
           
Appoint a Director Yamadera, Masahiko
MGMT
FOR
FOR
           
Appoint a Director Masukawa, Michio
MGMT
FOR
FOR
           
Appoint a Director Kano, Riyo
MGMT
FOR
FOR
           
Appoint a Director Ichikawa, Miki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Omata, Akira
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Asai, Kimihiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Horiuchi, Koichiro
MGMT
AGAINST
AGAINST
           
Appoint a Corporate Auditor Nagahara, Yoshiyuki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Mizutani, Minako
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Outside Directors)
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
  Voted Shares   SEDOL Proposal
 Proposed By  For/Against MGMT
Vote
                   
SHIN-ETSU POLYMER CO.,LTD.
24-Jun-2020
Annual General Meeting
64,500
  
6805704
Approve Appropriation of Surplus
 MGMT FOR
FOR
           
Approve Delegation of Authority to the Board of Directors to Determine Details of Share Acquisition Rights Issued as Stock Options for Employees of the Company and Directors of the Company’s Subsidiaries
 MGMT
AGAINST
AGAINST
                   
THE TAIKO BANK,LTD.
24-Jun-2020
Annual General Meeting
132,600
  
6871493
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Koide, Tetsuhiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ishida, Yukio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kamegai, Shinichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kondo, Kieichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tawaragi, Minoru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kawai, Shoichi
MGMT
FOR
FOR
                   
YUSHIRO CHEMICAL INDUSTRY CO.,LTD.
24-Jun-2020
Annual General Meeting
286,700
  
6988757
Appoint a Substitute Director who is Audit and Supervisory Committee Member Sato, Tsuneo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ogo, Eiichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Arisaka, Masanori
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kikuchi, Shingo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ishikawa, Takuya
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Seiji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakano, Masafumi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Iizuka, Katsuko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Koshiba, Miki
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Yamazaki, Toshio
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
AGAINST
AGAINST
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors)
MGMT
FOR
FOR
                   
SERIA CO.,LTD.
24-Jun-2020
Annual General Meeting
183,800
  
6680718
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kawai, Eiji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwama, Yasushi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tanaka, Masahiro
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nakamura, Noboru
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Suzuki, Hiroto
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kataoka, Noriaki
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
AGAINST
AGAINST
                   
NICHIHA CORPORATION
24-Jun-2020
Annual General Meeting
70,600
  
6638331
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Yamanaka, Tatsuo
MGMT
FOR
FOR
           
Appoint a Director Kojima, Kazuyuki
MGMT
FOR
FOR
           
Appoint a Director Tonoi, Kazushi
MGMT
FOR
FOR
           
Appoint a Director Kawamura, Yoshinori
MGMT
FOR
FOR
           
Appoint a Director Kawashima, Hisayuki
MGMT
FOR
FOR
           
Appoint a Director Kesamaru, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Director Yoshida, Yasunori
MGMT
FOR
FOR
           
Appoint a Director Yoshioka, Narumitsu
MGMT
FOR
FOR
           
Appoint a Director Yagi, Kiyofumi
MGMT
FOR
FOR
           
Appoint a Director Tajiri, Naoki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Mizuno, Akihiko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Sugiura, Katsumi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nishi, Hiroaki
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
YURTEC CORPORATION
24-Jun-2020
Annual General Meeting
478,300
  
6894672
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Satake, Tsutomu
MGMT
AGAINST
AGAINST
           
Appoint a Director Ota, Yoshiharu
MGMT
FOR
FOR
           
Appoint a Director Oikawa, Masahiro
MGMT
FOR
FOR
           
Appoint a Director Kobayashi, Ikumi
MGMT
FOR
FOR
           
Appoint a Director Ogasawara, Tatsuji
MGMT
FOR
FOR
           
Appoint a Director Inazuma, Hidetoshi
MGMT
FOR
FOR
           
Appoint a Director Sugawara, Kazunari
MGMT
FOR
FOR
           
Appoint a Director Hasegawa, Hisaaki
MGMT
FOR
FOR
           
Appoint a Director Masuko, Jiro
MGMT
FOR
FOR
           
Appoint a Director Mitsui, Seiichi
MGMT
FOR
FOR
           
Appoint a Director Fukui, Kuniaki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Onodera, Yuichi
MGMT
AGAINST
AGAINST
           
Appoint a Corporate Auditor Yamamoto, Yuji
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yamamoto, Shunji
MGMT
FOR
FOR
                   
NICHIREI CORPORATION
24-Jun-2020
Annual General Meeting
43,900
  
5809042
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Otani, Kunio
MGMT
FOR
FOR
           
Appoint a Director Okushi, Kenya
MGMT
FOR
FOR
           
Appoint a Director Taguchi, Takumi
MGMT
FOR
FOR
           
Appoint a Director Kaneko, Yoshifumi
MGMT
FOR
FOR
           
Appoint a Director Kawasaki, Junji
MGMT
FOR
FOR
           
Appoint a Director Umezawa, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director Takenaga, Masahiko
MGMT
FOR
FOR
           
Appoint a Director Uzawa, Shizuka
MGMT
FOR
FOR
           
Appoint a Director Wanibuchi, Mieko
MGMT
FOR
FOR
           
Appoint a Director Shoji, Kuniko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Asahina, Kiyoshi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kiyota, Muneaki
MGMT
FOR
FOR
                   
PIOLAX,INC.
24-Jun-2020
Annual General Meeting
244,400
  
6485968
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Aizawa, Yasuo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shimazu, Yukihiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nagamine, Michio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Suzuki, Toru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sugiyama, Harumitsu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Masuda, Shigeru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Oka, Toru
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nagamura, Yukio
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Asano, Kenichi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Komiyama, Sakae
MGMT
FOR
FOR
                   
MAKINO MILLING MACHINE CO.,LTD.
24-Jun-2020
Annual General Meeting
69,600
  
6555708
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Inoue, Shinichi
MGMT
FOR
FOR
           
Appoint a Director Ueda, Yoshiki
MGMT
FOR
FOR
           
Appoint a Director Nagano, Toshiyuki
MGMT
FOR
FOR
           
Appoint a Director Aiba, Tatsuaki
MGMT
FOR
FOR
           
Appoint a Director Yoshidome, Shin
MGMT
FOR
FOR
           
Appoint a Director Masuda, Naofumi
MGMT
FOR
FOR
           
Appoint a Director Yamazaki, Kodo
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nakashima, Jiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yamaguchi, Jinei
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
  Meeting Type Voted Shares  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
YAMASHIN-FILTER CORP.
24-Jun-2020
Annual General Meeting
33,700
  
BQQD1C3
Appoint a Director who is not Audit and Supervisory Committee Member Yamazaki, Atsuhiko
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ioka, Chikahisa
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yamazaki, Hiroaki
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Morita, Hideaki
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Fukuzaki, Shinya
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Okoshi, Kazuhiro
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Itano, Hiroshi
MGMT
 FOR FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Outside Directors and Directors who are Audit and Supervisory Committee Members)
MGMT
 FOR FOR
                   
SHINKO ELECTRIC INDUSTRIES CO.,LTD.
24-Jun-2020
Annual General Meeting
34,400
  
6804927
Approve Appropriation of Surplus
MGMT
 FOR FOR

         
Appoint a Director who is not Audit and Supervisory Committee Member Fujita, Masami
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hasebe, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kodaira, Tadashi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ozawa, Takashi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Niimi, Jun
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Ito, Akihiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Araki, Namiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kobayashi, Kunikazu
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
AGAINST
AGAINST
                   
RICOH LEASING COMPANY,LTD.
24-Jun-2020
Annual General Meeting
82,300
  
6729116
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Doi, Shinichiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Segawa, Daisuke
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakamura, Tokuharu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kawaguchi, Takashi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sano, Hirozumi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Seto, Kaoru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Futamiya, Masaya
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Arakawa, Masako
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Shinji
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Ebisui, Mari
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakamura, Akira
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Harasawa, Atsumi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Ishiguro, Kazuya
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Tokumine, Kazuhiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kawashima, Tokio
MGMT
FOR
FOR
           
Amend Articles to: Change Company Location, Increase Capital Shares to be issued, Increase the Board of Directors Size, Transition to a Company with Supervisory Committee, Approve Minor Revisions
MGMT
FOR
FOR
           
Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
FOR
FOR
           
Approve Details of the Compensation to be received by Directors who are Audit and Supervisory Committee Members
MGMT
FOR
FOR
           
Approve Details of the Stock Compensation to be received by Directors
MGMT
FOR
FOR
                   
THE KEIYO BANK,LTD.
25-Jun-2020
Annual General Meeting
520,300
  
6190648
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Hashimoto, Kiyoshi
MGMT
FOR
FOR
           
Appoint a Director Akiyama, Satoru
MGMT
FOR
FOR
           
Appoint a Director Fujisaki, Kazuo
MGMT
FOR
FOR
           
Appoint a Director Sato, Seiji
MGMT
FOR
FOR
           
Appoint a Director Saito, Yasushi
MGMT
FOR
FOR
           
Appoint a Director Uchimura, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Tobe, Tomoko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Hieda, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Iwahara, Junichi
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
THE AKITA BANK,LTD.
25-Jun-2020
Annual General Meeting
204,600
  
6011653
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Matsui, Hideki
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Araya, Akihiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sasaki, Toshiyuki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Handa, Naoki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsuchiya, Masato
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Minakawa, Tsuyoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Miura, Chikara
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Miura, Hiroyoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ashida, Kosuke
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsuji, Yoshiyuki
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Sakaki, Junichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakata, Naofumi
MGMT
AGAINST
AGAINST
           
Appoint a Director who is Audit and Supervisory Committee Member Sato, Masahiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Morohashi, Masahiro
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kobayashi, Kenichi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Omoteyama, Kyoko
MGMT
FOR
FOR
                   
SG HOLDINGS CO.,LTD.
25-Jun-2020
Annual General Meeting
96,500
  
BFFY885
Appoint a Director Kuriwada, Eiichi
MGMT
FOR
FOR
           
Appoint a Director Araki, Hideo
MGMT
FOR
FOR
           
Appoint a Director Nakajima, Shunichi
MGMT
FOR
FOR
           
Appoint a Director Motomura, Masahide
MGMT
FOR
FOR
           
Appoint a Director Kawanago, Katsuhiro
MGMT
FOR
FOR
           
Appoint a Director Matsumoto, Hidekazu
MGMT
FOR
FOR
           
Appoint a Director Takaoka, Mika
MGMT
FOR
FOR
           
Appoint a Director Sagisaka, Osami
MGMT
FOR
FOR
           
Appoint a Director Akiyama, Masato
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Tajima, Satoshi
MGMT
FOR
FOR
                   
OSAKA STEEL CO.,LTD.
25-Jun-2020
Annual General Meeting
 674,700
  
6662095
Appoint a Director Nomura, Taisuke
MGMT
FOR
FOR
           
Appoint a Director Fujita, Kazuo
MGMT
FOR
FOR
           
Appoint a Director Wakatsuki, Teruyuki
MGMT
FOR
FOR
           
Appoint a Director Nakashima, Katsuhide
MGMT
FOR
FOR
           
Appoint a Director Ono, Kentaro
MGMT
FOR
FOR
           
Appoint a Director Imanaka, Kazuo
MGMT
FOR
FOR
           
Appoint a Director Ishikawa, Hironobu
MGMT
FOR
FOR
           
Appoint a Director Matsuzawa, Shinya
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Sugimoto, Shigeji
MGMT
FOR
FOR
           
Amend Articles to: Amend Business Lines
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Kishimoto, Tatsuji
MGMT
FOR
FOR
                   
TOENEC CORPORATION
25-Jun-2020
Annual General Meeting
82,300
  
6895620
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Ono, Tomohiko
MGMT
AGAINST
AGAINST
           
Appoint a Director Takagi, Isao
MGMT
FOR
FOR
           
Appoint a Director Takimoto, Tsuguhisa
MGMT
FOR
FOR
           
Appoint a Director Nishiwaki, Tetsuya
MGMT
FOR
FOR
           
Appoint a Director Hirata, Koji
MGMT
FOR
FOR
           
Appoint a Director Fujita, Yuzo
MGMT
FOR
FOR
           
Appoint a Director Horiuchi, Yasuhiko
MGMT
FOR
FOR
           
Appoint a Director Mizuno, Asayuki
MGMT
FOR
FOR
           
Appoint a Director Iizuka, Atsushi
MGMT
FOR
FOR
           
Appoint a Director Inagaki, Takashi
MGMT
FOR
FOR
           
Appoint a Director Yoshikawa, Naotoshi
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
SOKEN CHEMICAL & ENGINEERING CO.,LTD.
25-Jun-2020
Annual General Meeting
59,300
  
6338910
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Osaka, Noriyuki
MGMT
FOR
FOR
           
Appoint a Director Fukuda, Junichiro
MGMT
FOR
FOR
           
Appoint a Director Sato, Masahiro
MGMT
FOR
FOR
           
Appoint a Director Izumiura, Nobuyuki
MGMT
FOR
FOR
           
Appoint a Director Takizawa, Kiyotaka
MGMT
FOR
FOR
           
Appoint a Director Tsuchiya, Jun
MGMT
FOR
FOR
           
Appoint a Director Kamiyama, Kenjiro
MGMT
FOR
FOR
           
Amend Articles to: Approve Minor Revisions
MGMT
FOR
FOR
                   
NISHIKAWA RUBBER CO.,LTD.
25-Jun-2020
Annual General Meeting
219,500
  
6646862
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nishikawa, Masahiro
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Fukuoka, Yoshitomo
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Kataoka, Nobukazu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ogawa, Hideki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Marume, Yoshihiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Naito, Makoto
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ikemoto, Mitsuhiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwamoto, Tadao
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yasuishi, Keiji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Teishi, Minoru
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Deguchi, Koso
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tatsudai, Akihiko
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors who are Audit and Supervisory Committee Members (Excluding Outside Directors)
MGMT
AGAINST
AGAINST
           
Shareholder Proposal: Approve Purchase of Own Shares
SHAREHOLDER
FOR
AGAINST
           
Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures)
MGMT
AGAINST
AGAINST
                   
MORY INDUSTRIES INC.
25-Jun-2020
Annual General Meeting
55,400
  
6602541
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Mori, Hiroaki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Matsumoto, Hidehiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Asano, Hiroaki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakanishi, Masato
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Koike, Hiroki
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Hayashi, Shuichi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Iwasaki, Taishi
MGMT
FOR
FOR
           
Amend Articles to: Reduce the Board of Directors Size, Adopt an Executive Officer System, Approve Minor Revisions
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
AGAINST
AGAINST
           
Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
FOR
FOR
                   
MATSUDA SANGYO CO.,LTD.
25-Jun-2020
Annual General Meeting
82,100
  
6570596
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Matsuda, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsushima, Koji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Katayama, Yuji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yamazaki, Ryuichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Isawa, Kenji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsuzuki, Junichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ueda, Takehiro
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
AGAINST
AGAINST

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
DAINICHI CO.,LTD.
25-Jun-2020
Annual General Meeting
160,000
  
6252355
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yoshii, Hisao
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Tamura, Masahiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yoshii, Yui
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kaiho, Masahiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hara, Shinya
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Noguchi, Takeshi
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors
MGMT
AGAINST
AGAINST
                   
ASIA PILE HOLDINGS CORPORATION
25-Jun-2020
Annual General Meeting
233,100
  
B06D3N6
Appoint a Director Kurose, Akira
 MGMT
FOR
FOR
           
Appoint a Director Kurose, Shusuke
 MGMT
FOR
FOR
           
Appoint a Director Isono, Yoriyuki
 MGMT
FOR
FOR
           
Appoint a Director Kotera, Koji
 MGMT
FOR
FOR
           
Appoint a Director Baba, Osami
 MGMT
FOR
FOR
           
Appoint a Director Okoshi, Masahiko
 MGMT
FOR
FOR
           
Appoint a Director Shigematsu, Toru
MGMT
FOR
FOR
           
Appoint a Director Phan Khac Long
MGMT
FOR
FOR
           
Appoint a Director Watanabe, Akira
MGMT
FOR
FOR
           
Appoint a Director Shiraga, Yohei
MGMT
FOR
FOR
           
Appoint a Director Kamimae, Osamu
MGMT
FOR
FOR
                   
NAFCO CO.,LTD.
25-Jun-2020
Annual General Meeting
48,300
  
6712815
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kobayashi, Koichi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Fukuda, Yoshinori
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Fujii, Susumu
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Corporate Officers
MGMT
AGAINST
AGAINST
           
Approve Payment of Bonuses to Corporate Officers
MGMT
AGAINST
AGAINST
                   
AOI ELECTRONICS CO.,LTD.
25-Jun-2020
Annual General Meeting
31,600
  
4272333
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nakayama, Koji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kinoshita, Kazuhiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Okada, Yoshio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Saeki, Norio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takao, Daisuke
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Fukuda, Kazuyuki
MGMT
FOR
FOR
                   
KOMATSU WALL INDUSTRY CO.,LTD.
25-Jun-2020
Annual General Meeting
30,700
  
6498762
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kano, Yutaka
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Kumada, Masami
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yamada, Shinichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kano, Shinya
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hirose, Norio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Aya, Yukio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hachiya, Toshio
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kaneko, Shinichi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Miyamae, Satoru
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Matsuki, Koichi
MGMT
FOR
FOR
                   
SEKISUI JUSHI CORPORATION
25-Jun-2020
Annual General Meeting
144,400
  
6793843
Appoint a Director Fukui, Yaichiro
MGMT
FOR
FOR
           
Appoint a Director Baba, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Wakui, Shiro
MGMT
FOR
FOR
           
Appoint a Director Takano, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Ito, Satoko
MGMT
FOR
FOR
           
Appoint a Director Shibanuma, Yutaka
MGMT
FOR
FOR
           
Appoint a Director Hamada, Jun
MGMT
FOR
FOR
           
Appoint a Director Sasaki, Katsuyoshi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Inaba, Yoshimasa
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Onaka, Tsuchikazu
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Tsujiuchi, Akira
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
DAIBIRU CORPORATION
25-Jun-2020
Annual General Meeting
132,400
  
6661672
Approve Appropriation of Surplus
 MGMT
FOR
FOR
           
Appoint a Director Sonobe, Toshiyuki
 MGMT
AGAINST
AGAINST
           
Appoint a Director Narita, Junichi
 MGMT
FOR
FOR
           
Appoint a Director Tanaka, Kensuke
 MGMT
FOR
FOR
           
Appoint a Director Ota, Takehiko
 MGMT
FOR
FOR
           
Appoint a Director Tainaka, Hideki
 MGMT
FOR
FOR
           
Appoint a Director Oi, Atsushi
 MGMT
FOR
FOR
           
Appoint a Director Miyanoya, Atsushi
 MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors
 MGMT
FOR
FOR
           
Approve Payment of Bonuses to Directors
 MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Morimoto, Hiroshi
 MGMT
FOR
FOR
                   
MORITA HOLDINGS CORPORATION
25-Jun-2020
Annual General Meeting
69,500
   6602745
Appoint a Director Nakajima, Masahiro
MGMT
 FOR FOR
           
Appoint a Director Ogata, Kazumi
MGMT
 FOR FOR
           
Appoint a Director Morimoto, Kunio
MGMT
 FOR FOR
           
Appoint a Director Kanaoka, Shinichi
MGMT
 FOR FOR
           
Appoint a Director Isoda, Mitsuo
MGMT
FOR
FOR
           
Appoint a Director Kawanishi, Takao
MGMT
FOR
FOR
           
Appoint a Director Hojo, Masaki
MGMT
FOR
FOR
           
Approve Details of the Compensation to be received by Directors
MGMT
FOR
FOR
                   
SHIKOKU CHEMICALS CORPORATION
25-Jun-2020
Annual General Meeting
164,500
  
6804303
Appoint a Director Tanaka, Naoto
MGMT
FOR
FOR
           
Appoint a Director Yoshioka, Takashi
MGMT
FOR
FOR
           
Appoint a Director Matsubara, Jun
MGMT
FOR
FOR
           
Appoint a Director Watanabe, Mitsunori
MGMT
FOR
FOR
           
Appoint a Director Hamazaki, Makoto
MGMT
FOR
FOR
           
Appoint a Director Manabe, Yoshinori
MGMT
FOR
FOR
           
Appoint a Director Enjo, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Shibuya, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Terada, Toshifumi
MGMT
FOR
FOR
           
Appoint a Director Harada, Shuitsu
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kagoike, Nobuhiro
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Mizuno, Takeo
MGMT
AGAINST
AGAINST
           
Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures)
MGMT
AGAINST
AGAINST
                   
KOATSU GAS KOGYO CO.,LTD.
25-Jun-2020
Annual General Meeting
562,500
  
6495967
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Directors
MGMT
FOR
FOR
                   
TOTETSU KOGYO CO.,LTD.
25-Jun-2020
Annual General Meeting
90,800
  
6897444
Approve Appropriation of Surplus
MGMT
FOR
FOR
         
Appoint a Director Yagishita, Naomichi
MGMT
FOR
FOR
         
Appoint a Director Koike, Hitoshi
MGMT
FOR
FOR
         
Appoint a Director Suga, Katsumi
MGMT
FOR
FOR
         
Appoint a Director Ogashiwa, Hideo
MGMT
FOR
FOR
         
Appoint a Director Shimomura, Hikaru
MGMT
FOR
FOR
         
Appoint a Director Nakamura, Tomohisa
MGMT
FOR
FOR
         
Appoint a Director Suetsuna, Takashi
MGMT
FOR
FOR
         
Appoint a Director Nakayama, Hiroshi
MGMT
FOR
FOR
         
Appoint a Director Nakanishi, Masaaki
MGMT
AGAINST
AGAINST
         
Appoint a Corporate Auditor Ayabe, Mitsumasa
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
NIHON M&A CENTER INC.
25-Jun-2020
Annual General Meeting
45,500
  
B1DN466
Approve Appropriation of Surplus
MGMT
 FOR FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Shiga, Katsumasa
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Wakebayashi, Yasuhiro
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Miyake, Suguru
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Naraki, Takamaro
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Otsuki, Masahiko
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takeuchi, Naoki
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Watanabe, Tsuneo
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kumagai, Hideyuki
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Mori, Tokihiko
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Anna Dingley
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takeuchi, Minako
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Hirayama, Iwao
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kinoshita, Naoki
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Yamada, Yoshinori
MGMT
 FOR FOR
                   
SANYO SPECIAL STEEL CO.,LTD.
25-Jun-2020
Annual General Meeting
113,200
  
6777063
Appoint a Director Higuchi, Shinya
MGMT
 FOR FOR
         
Appoint a Director Takahashi, Kozo
MGMT
FOR
FOR
         
Appoint a Director Oi, Shigehiro
MGMT
FOR
FOR
         
Appoint a Director Omae, Kozo
MGMT
FOR
FOR
         
Appoint a Director Yanagimoto, Katsu
MGMT
FOR
FOR
         
Appoint a Director Kobayashi, Takashi
MGMT
FOR
FOR
         
Appoint a Director Onishi, Tamae
MGMT
FOR
FOR
         
Appoint a Director Usuki, Masaharu
MGMT
FOR
FOR
         
Appoint a Director Masumitsu, Noriyuki
 MGMT AGAINST  AGAINST
         
Appoint a Corporate Auditor Tsuga, Hiroshi
MGMT
FOR
FOR
         
Appoint a Substitute Corporate Auditor Kobayashi, Akihiro
MGMT
FOR
FOR
                   
TOPRE CORPORATION
25-Jun-2020
Annual General Meeting
127,500
  
6894928
Approve Appropriation of Surplus
MGMT
FOR
FOR
         
Appoint a Director Uchigasaki, Shinichiro
MGMT
FOR
FOR
         
Appoint a Director Sawa, Takashi
MGMT
FOR
FOR
         
Appoint a Director Yamamoto, Yutaka
MGMT
FOR
FOR
           
Appoint a Director Tsuyuki, Yoshinori
MGMT
FOR
FOR
         
Appoint a Director Furusawa, Ryosuke
MGMT
FOR
FOR
         
Appoint a Director Harata, Katsuro
MGMT
FOR
FOR
         
Appoint a Director Osaki, Masao
MGMT
FOR
FOR
         
Appoint a Director Shimizu, Hideo
MGMT
FOR
FOR
         
Appoint a Director Matsuo, Masahiro
MGMT
FOR
FOR
         
Appoint a Director Uchida, Akemi
MGMT
FOR
FOR
         
Appoint a Director Takada, Tsuyoshi
MGMT
FOR
FOR
         
Appoint a Director Ogasawara, Naoshi
MGMT
FOR
FOR
                   
NETUREN CO.,LTD.
25-Jun-2020
Annual General Meeting
575,600
  
6629540
Approve Appropriation of Surplus
MGMT
FOR
FOR
         
Appoint a Director Mizoguchi, Shigeru
MGMT
FOR
FOR
         
Appoint a Director Omiya, Katsumi
MGMT
FOR
FOR
         
Appoint a Director Ishiki, Nobumoto
MGMT
FOR
FOR
         
Appoint a Director Yasukawa, Tomokatsu
MGMT
FOR
FOR
         
Appoint a Director Suzuki, Takashi
MGMT
FOR
FOR
         
Appoint a Director Misaka, Yoshitaka
MGMT
FOR
FOR
         
Appoint a Director Murai, Nobuhiro
MGMT
FOR
FOR
         
Appoint a Director Hisada, Naoki
MGMT
FOR
FOR
         
Appoint a Director Teraura, Yasuko
MGMT
FOR
FOR
         
Appoint a Director Hanai, Mineo
MGMT
FOR
FOR
         
Appoint a Corporate Auditor Ikegami, Yoshihiro
MGMT
FOR
FOR
         
Appoint a Corporate Auditor Nakano, Takeshi
MGMT
FOR
FOR
         
Appoint a Corporate Auditor Enjitsu, Minoru
MGMT
FOR
FOR
         
Approve Adoption of the Performance-based Compensation and the Stock Compensation to be received by Directors
  MGMT
FOR
FOR
         
Appoint a Substitute Corporate Auditor Takahashi, Daisuke
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
   SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
NIPPON PILLAR PACKING CO.,LTD.
25-Jun-2020
Annual General Meeting
97,000
  
6641135
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwanami, Kiyohisa
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwanami, Yoshinobu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hoshikawa, Ikuo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shukunami, Katsuhiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Suzuki, Yoshinori
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Komamura, Junichi
MGMT
FOR
FOR
           
Amend Articles to: Approve Minor Revisions
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Outside Directors and Directors who are Audit and Supervisory Committee Members)
MGMT
FOR
FOR
           
Approve Continuance of Policy regarding Large-scale Purchases of Company Shares (Anti-Takeover Defense Measures)
MGMT
AGAINST
AGAINST
                   
KANADEN CORPORATION
25-Jun-2020
Annual General Meeting
249,000
  
6483304
Appoint a Director Motohashi, Nobuyuki
MGMT
FOR
FOR
           
Appoint a Director Shimamoto, Kazunori
MGMT
FOR
FOR
           
Appoint a Director Jin, Takeshi
MGMT
FOR
FOR
           
Appoint a Director Nagashima, Yoshiro
MGMT
FOR
FOR
           
Appoint a Director Mori, Hisataka
MGMT
FOR
FOR
           
Appoint a Director Saito, Shinsuke
MGMT
FOR
FOR
           
Appoint a Director Iguchi, Akio
MGMT
FOR
FOR
           
Appoint a Director Saigusa, Hironori
MGMT
FOR
FOR
           
Appoint a Director Moriya, Futoshi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Sakai, Harushige
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yamamura, Kozo
MGMT
AGAINST
AGAINST
           
Appoint a Corporate Auditor Nomiyama, Yutaka
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ipposhi, Nobutake
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Nagase, Yukiharu
MGMT
AGAINST
AGAINST
           
Appoint a Substitute Corporate Auditor Takeuchi, Akira
MGMT
FOR
FOR
                   
RYODEN CORPORATION
25-Jun-2020
Annual General Meeting
695,100
  
6763006
Appoint a Director Shogaki, Nobuo
MGMT
FOR
FOR
           
Appoint a Director Yamazaki, Hideharu
MGMT
FOR
FOR
           
Appoint a Director Kitai, Shoji
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Osamu
MGMT
FOR
FOR
           
Appoint a Director Miyagishi, Masamitsu
MGMT
AGAINST
AGAINST
           
Appoint a Director Shirata, Yoshiko
MGMT
FOR
FOR
           
Appoint a Director Muroi, Masahiro
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ishino, Hideyo
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Suzuki, Masato
MGMT
FOR
FOR
                   
THE MUSASHINO BANK,LTD.
25-Jun-2020
Annual General Meeting
119,400
  
6611440
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Otomo, Ken
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kemmochi, Yoshio
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Tanaka, Yuichi
MGMT
FOR
FOR
                   
TOKAI TOKYO FINANCIAL HOLDINGS,INC.
25-Jun-2020
Annual General Meeting
109,800
  
6894876
Appoint a Director who is not Audit and Supervisory Committee Member Ishida, Tateaki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kawamoto, Masahide
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Masataka
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Mizuno, Ichiro
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Fujiwara, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Ono, Tetsuji
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Inoue, Keisuke
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Nakayama, Tsunehiro
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Yamazaki, Joichi
MGMT
FOR
FOR
           
Remove a Director who is not Audit and Supervisory Committee Member Ishida, Tateaki
SHAREHOLDER
FOR
AGAINST
           
Approve Issuance of Share Acquisition Rights as Stock Options for Directors and Employees of the Company and the Company’s Subsidiaries
MGMT
AGAINST
AGAINST

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
FUKUOKA FINANCIAL GROUP,INC.
26-Jun-2020
Annual General Meeting
78,100
   B1TK1Y8
Approve Appropriation of Surplus
MGMT
 FOR FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Gondo, Naohiko
MGMT
 FOR FOR
           
Appoint a Substitute Director who is Audit and Supervisory Committee Member Miura, Masamichi
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shibato, Takashige
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yoshida, Yasuhiko
MGMT
 FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shirakawa, Yuji
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Morikawa, Yasuaki
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yokota, Koji
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nomura, Toshimi
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Mori, Takujiro
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Fukasawa, Masahiko
MGMT
 FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kosugi, Toshiya
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Tanaka, Kazunori
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Yamada, Hideo
MGMT
 FOR FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Ishibashi, Nobuko
MGMT
 FOR FOR
           
Amend Articles to: Increase the Board of Directors Size, Transition to a Company with Supervisory Committee, Approve Minor Revisions
MGMT
 FOR FOR
           
Approve Details of the Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members)
MGMT
 FOR FOR
           
Approve Details of the Compensation to be received by Directors who are Audit and Supervisory Committee Members
MGMT
FOR
FOR
                   
THE BANK OF OKINAWA,LTD.
26-Jun-2020
Annual General Meeting
76,800
  
6657983
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Tamaki, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director Yamashiro, Masayasu
MGMT
FOR
FOR
           
Appoint a Director Kinjo, Yoshiteru
MGMT
FOR
FOR
           
Appoint a Director Yamashiro, Tatsuhiko
MGMT
FOR
FOR
           
Appoint a Director Iha, Kazuya
MGMT
FOR
FOR
           
Appoint a Director Takara, Shigeru
MGMT
FOR
FOR
           
Appoint a Director Hosomi, Masahiro
MGMT
FOR
FOR
           
Appoint a Director Ando, Hirokazu
MGMT
FOR
FOR
           
Appoint a Director Toyama, Keiko
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Murakami, Naoko
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Corporate Officers
MGMT
AGAINST
AGAINST
                   
THE OKINAWA ELECTRIC POWER COMPANY,INCORPORATED
26-Jun-2020
Annual General Meeting
199,677
  
6658050
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Nakahodo, Hiraku
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Onkawa, Hideki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kobashigawa, Kenji
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Directors
MGMT
AGAINST
AGAINST
                   
STARTS CORPORATION INC.
26-Jun-2020
Annual General Meeting
61,700
  
6841913
Appoint a Director Muraishi, Hisaji
MGMT
AGAINST
AGAINST
           
Appoint a Director Isozaki, Kazuo
MGMT
AGAINST
AGAINST
           
Appoint a Director Muraishi, Toyotaka
MGMT
FOR
FOR
           
Appoint a Director Saito, Taroo
MGMT
FOR
FOR
           
Appoint a Director Naoi, Hideyuki
MGMT
FOR
FOR
           
Appoint a Director Nakamatsu, Manabu
MGMT
FOR
FOR
           
Appoint a Director Naoi, Tamotsu
MGMT
FOR
FOR
           
Appoint a Director Hasegawa, Takahiro
MGMT
FOR
FOR
           
Appoint a Director Muramatsu, Hisayuki
MGMT
FOR
FOR
           
Appoint a Director Yamazaki, Chisato
MGMT
FOR
FOR
           
Appoint a Director Hironaka, Yoshimichi
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors
MGMT
AGAINST
AGAINST

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
FUJIKURA KASEI CO.,LTD.
26-Jun-2020
Annual General Meeting
1,143,200
  
6356729
Approve Appropriation of Surplus
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kato, Daisuke
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ueda, Hikoji
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Shimoda, Yoshizo
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kajiwara, Hisashi
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Watanabe, Hiroaki
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takano, Masahiro
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Watanabe, Satoshi
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Tanaka, Osamu
 MGMT FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nagahama, Yoichi
 MGMT
AGAINST
AGAINST
                   
NICHIA STEEL WORKS,LTD.
26-Jun-2020
Annual General Meeting
1,867,000
  
6638160
Approve Appropriation of Surplus
 MGMT FOR FOR
           
Appoint a Director Onishi, Toshinori
 MGMT FOR FOR
           
Appoint a Director Gotoda, Hideaki
 MGMT FOR FOR
           
Appoint a Director Nakatani, Yoshiro
 MGMT FOR FOR
           
Appoint a Corporate Auditor Shitatoku, Hiroyuki
 MGMT FOR FOR
           
Appoint a Corporate Auditor Onishi, Nobuhiko
 MGMT FOR FOR
           
Approve Provision of Retirement Allowance for Retiring Directors
 MGMT
AGAINST
AGAINST
           
Appoint a Substitute Corporate Auditor Kitabatake, Shoji
 MGMT
AGAINST
AGAINST
                   
C.UYEMURA & CO.,LTD.
26-Jun-2020
Annual General Meeting
45,700
  
6089014
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Nishimoto, Kaori
MGMT
FOR
FOR
                   
JAPAN TRANSCITY CORPORATION
26-Jun-2020
Annual General Meeting
30,800
  
6986386
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ito, Hisaya
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nagata, Akio
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Aburaya, Tadashi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Matsumura, Itaru
MGMT
FOR
FOR
                   
MEIKO TRANS CO.,LTD.
26-Jun-2020
Annual General Meeting
314,800
  
6575944
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Miyazaki, Kazuhiko
MGMT
FOR
FOR
           
 Remove a Director Takahashi, Jiro
SHAREHOLDER
FOR
AGAINST
           
 Remove a Director Fujimori, Toshio
SHAREHOLDER
FOR
AGAINST
           
 Remove a Director Takahashi, Hiroshi
SHAREHOLDER
FOR
AGAINST
                   
YOSSIX CO.,LTD.
26-Jun-2020
Annual General Meeting
62,000
  
BSZM2R7
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Yoshioka, Masanari
MGMT
AGAINST
AGAINST
           
Appoint a Director Segawa, Masahito
MGMT
AGAINST
AGAINST
           
Appoint a Director Yoshioka, Yutaro
MGMT
FOR
FOR
           
Appoint a Director Watanabe, Ryuji
MGMT
FOR
FOR
           
Appoint a Director Osaki, Atsuhiko
MGMT
FOR
FOR
           
Appoint a Director Uemura, Ryoji
MGMT
FOR
FOR
           
Appoint a Director Hori, Yuji
MGMT
AGAINST
AGAINST
           
Appoint a Substitute Corporate Auditor Date, Tomio
MGMT
FOR
FOR
                   
YONDENKO CORPORATION
26-Jun-2020
Annual General Meeting
59,200
  
6804433
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Miyauchi, Yoshinori
MGMT
FOR
FOR
           
Appoint a Director Suehiro, Kenji
MGMT
FOR
FOR
           
Appoint a Director Furukawa, Toshifumi
MGMT
FOR
FOR
           
Appoint a Director Sekiya, Yukio
MGMT
FOR
FOR
           
Appoint a Director Matsuoka, Kazuo
MGMT
FOR
FOR
           
Appoint a Director Shigematsu, Masao
MGMT
FOR
FOR
           
Appoint a Director Takahashi, Ryo
MGMT
FOR
FOR
           
Appoint a Director Yamasaki, Naoki
MGMT
FOR
FOR
           
Appoint a Director Shirai, Hisashi
MGMT
AGAINST
AGAINST
           
Appoint a Director Moriito, Shigeki
MGMT
FOR
FOR
           
Appoint a Director Manabe, Yoko
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
 For/Against
MGMT
Vote
                   
HISAKA WORKS,LTD.
26-Jun-2020
Annual General Meeting
23,500
  
6428866
Appoint a Director Takeshita, Yoshikazu
 MGMT
FOR
FOR
           
Appoint a Director Inoue, Tetsuya
 MGMT
FOR
FOR
           
Appoint a Director Ota, Koji
 MGMT
FOR
FOR
           
Appoint a Director Iizuka, Tadashi
 MGMT
FOR
FOR
           
Appoint a Director Funakoshi, Toshiyuki
 MGMT
FOR
FOR
           
Appoint a Director Mizumoto, Koji
 MGMT
FOR
FOR
           
Appoint a Director Tsuno, Yuko
 MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nakai, Akira
 MGMT
FOR
FOR
           
Appoint a Corporate Auditor Fujita, Noriyuki
 MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Yamauchi, Toshiyuki
 MGMT
FOR
FOR
             
   
ELEMATEC CORPORATION
26-Jun-2020
Annual General Meeting
20,500
  
6406237
Appoint a Director Kato, Jun
MGMT
 FOR FOR
           
Appoint a Director Yokode, Akira
MGMT
 FOR FOR
           
Appoint a Director Suzuki, Nobuo
MGMT
 FOR FOR
           
Appoint a Director Kawafuji, Sei
MGMT
 FOR FOR
           
Appoint a Director Tsubakimoto, Mitsuhiro
MGMT
 FOR FOR
           
Appoint a Director Kakihara, Yasuhiro
MGMT
 FOR FOR
           
Appoint a Director Seki, Sosuke
MGMT
 FOR FOR
           
Appoint a Director Maeda, Tatsumi
MGMT
 FOR FOR
           
Appoint a Director Yatsu, Yoshiaki
MGMT
 FOR FOR
           
Appoint a Corporate Auditor Shimizu, Atsushi
MGMT
 FOR FOR
           
Appoint a Corporate Auditor Tanoue, Seishi
MGMT
FOR
FOR
           
Amend Articles to: Allow Use of Electronic Systems for Public Notifications
MGMT
FOR
FOR
                   
OBIC CO.,LTD.
26-Jun-2020
Annual General Meeting
8,900
  
6136749
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Noda, Masahiro
MGMT
FOR
FOR
           
Appoint a Director Tachibana, Shoichi
MGMT
FOR
FOR
           
Appoint a Director Kawanishi, Atsushi
MGMT
FOR
FOR
           
Appoint a Director Noda, Mizuki
MGMT
FOR
FOR
           
Appoint a Director Fujimoto, Takao
MGMT
FOR
FOR
           
Appoint a Director Ida, Hideshi
MGMT
FOR
FOR
           
Appoint a Director Ueno, Takemitsu
MGMT
FOR
FOR
           
Appoint a Director Gomi, Yasumasa
MGMT
FOR
FOR
           
Appoint a Director Ejiri, Takashi
MGMT
FOR
FOR
                   
SUMITOMO METAL MINING CO.,LTD.
26-Jun-2020
Annual General Meeting
2,300
  
6858849
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Nakazato, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director Nozaki, Akira
MGMT
FOR
FOR
           
Appoint a Director Asahi, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Matsumoto, Nobuhiro
MGMT
FOR
FOR
           
Appoint a Director Higo, Toru
MGMT
FOR
FOR
           
Appoint a Director Nakano, Kazuhisa
MGMT
FOR
FOR
           
Appoint a Director Ishii, Taeko
MGMT
FOR
FOR
           
Appoint a Director Kinoshita, Manabu
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Ino, Kazushi
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Nakayama, Yasuyuki
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Yoshida, Wataru
MGMT
FOR
FOR
           
Approve Payment of Bonuses to Directors
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Mishina, Kazuhiro
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
RINNAI CORPORATION
26-Jun-2020
Annual General Meeting
15,700
  
6740582
Approve Appropriation of Surplus
MGMT
 FOR FOR
           
Appoint a Director Hayashi, Kenji
MGMT
 FOR FOR
           
Appoint a Director Naito, Hiroyasu
MGMT
 FOR FOR
           
Appoint a Director Narita, Tsunenori
MGMT
 FOR FOR
           
Appoint a Director Kosugi, Masao
MGMT
 FOR FOR
           
Appoint a Director Kondo, Yuji
MGMT
 FOR FOR
           
Appoint a Director Matsui, Nobuyuki
MGMT
 FOR FOR
           
Appoint a Director Kamio, Takashi
MGMT
 FOR FOR
           
Appoint a Corporate Auditor Ishikawa, Haruhiko
MGMT
 FOR FOR
           
Appoint a Corporate Auditor Shinji, Katsuhiko
MGMT
 FOR FOR
           
Appoint a Corporate Auditor Matsuoka, Masaaki
MGMT
 FOR FOR
           
Appoint a Corporate Auditor Watanabe, Ippei
MGMT
 FOR FOR
           
Appoint a Substitute Corporate Auditor Ishikawa, Yoshiro
MGMT
 FOR FOR
                   
MIURA CO.,LTD.
26-Jun-2020
Annual General Meeting
34,900
   6597777
Approve Appropriation of Surplus
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takahashi, Yuji
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Miyauchi, Daisuke
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nishihara, Masakatsu
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Takechi, Noriyuki
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kojima, Yoshihiro
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yoneda, Tsuyoshi
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ochi, Yasuo
 MGMT FOR FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Higuchi, Tateshi
MGMT
FOR
FOR
                   
SHINDENGEN ELECTRIC MANUFACTURING CO.,LTD.
26-Jun-2020
Annual General Meeting
7,400
  
6804541
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Suzuki, Yoshinori
MGMT
FOR
FOR
           
Appoint a Director Negishi, Yasumi
MGMT
FOR
FOR
           
Appoint a Director Horiguchi, Kenji
MGMT
FOR
FOR
           
Appoint a Director Tanaka, Nobuyoshi
MGMT
FOR
FOR
           
Appoint a Director Yamada, Ichiro
MGMT
FOR
FOR
           
Appoint a Director Hashimoto, Hideyuki
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Chiba, Shoji
MGMT
FOR
FOR
                   
KOITO MANUFACTURING CO.,LTD.
26-Jun-2020
Annual General Meeting
40,500
  
6496324
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kikuchi, Mitsuo
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Kawaguchi, Yohei
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Suzuki, Yukinobu
MGMT
FOR
FOR
                   
NIPPON SEIKI CO.,LTD.
26-Jun-2020
Annual General Meeting
45,200
  
6642536
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Koichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hirata, Yuji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Azuma, Masatoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Osaki, Yuji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Nagai, Shoji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Okawa, Makoto
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
  
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
TENMA CORPORATION
26-Jun-2020
Annual General Meeting
155,800
  
6884231
Approve Appropriation of Surplus
MGMT
 FOR
FOR
         
Appoint a Director who is not Audit and Supervisory Committee Member Kaneda, Hiroshi
MGMT
 AGAINST AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Sudo, Takashi
MGMT
 AGAINST AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Hirono, Hirohiko
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Yosano, Akira
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Nagai, Yuichi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hayashi, Shiro
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kurahashi, Hirofumi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Matsuyama, Shoji
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Kan, Koichi
MGMT
FOR
FOR
           
Appoint Accounting Auditors
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Haruyama, Yukio
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Tateno, Kazuharu
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Yanagisawa, Yoshiyuki
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Sakai, Ichiro
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Kawamura, Shuji
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Tsutsuno, Nobunoshin
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Egawa, Tomohisa
SHAREHOLDER
FOR
 AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Fuchigami, Keisuke
SHAREHOLDER
FOR
 AGAINST
                   
HITACHI CAPITAL CORPORATION
29-Jun-2020
Annual General Meeting
104,900
  
5754238
Appoint a Director Hiraiwa, Koichiro
MGMT
FOR
FOR
           
Appoint a Director Sueyoshi, Wataru
MGMT
FOR
FOR
           
Appoint a Director Nakamura, Takashi
MGMT
FOR
FOR
           
Appoint a Director Sasaki, Yuri
MGMT
FOR
FOR
           
Appoint a Director Hasegawa, Masahiko
MGMT
AGAINST
AGAINST
           
Appoint a Director Oshima, Koichiro
MGMT
AGAINST
AGAINST
           
Appoint a Director Kawabe, Seiji
MGMT
FOR
FOR
           
Appoint a Director Kojima, Kiyoshi
MGMT
FOR
FOR
                   
ADEKA CORPORATION
29-Jun-2020
Annual General Meeting
359,100
  
6054904
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Shirozume, Hidetaka
MGMT
FOR
FOR
           
Appoint a Director Tomiyasu, Haruhiko
MGMT
FOR
FOR
           
Appoint a Director Arata, Ryozo
MGMT
FOR
FOR
           
Appoint a Director Kobayashi, Yoshiaki
MGMT
FOR
FOR
           
Appoint a Director Fujisawa, Shigeki
MGMT
FOR
FOR
           
Appoint a Director Shiga, Yoji
MGMT
FOR
FOR
           
Appoint a Director Yoshinaka, Atsuya
MGMT
FOR
FOR
           
Appoint a Director Yasuda, Susumu
MGMT
FOR
FOR
           
Appoint a Director Kawamoto, Naoshi
MGMT
FOR
FOR
           
Appoint a Director Nagai, Kazuyuki
MGMT
FOR
FOR
           
Appoint a Director Endo, Shigeru
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Sato, Yoshiki
MGMT
FOR
FOR
                   
OILES CORPORATION
29-Jun-2020
Annual General Meeting
306,880
  
6657530
Approve Appropriation of Surplus
MGMT
FOR
FOR
           
Appoint a Director Okayama, Toshio
MGMT
FOR
FOR
           
Appoint a Director Iida, Masami
MGMT
FOR
FOR
           
Appoint a Director Suda, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director Tanabe, Kazuharu
MGMT
FOR
FOR
           
Appoint a Director Miyazaki, Satoshi
MGMT
FOR
FOR
           
Appoint a Director Murayama, Shinichiro
MGMT
FOR
FOR
           
Appoint a Director Omura, Yasuji
MGMT
FOR
FOR
           
Appoint a Corporate Auditor Mizoguchi, Katsuhiro
MGMT
FOR
FOR
           
Appoint a Substitute Corporate Auditor Tanaka, Koji
MGMT
FOR
FOR

PROXY VOTING REPORT
FOR THE PERIOD JULY 1, 2019 TO JUNE 30, 2020
JAPAN SMALLER CAPITALIZATION FUND
 
Company Name
Meeting Date
Meeting Type
Voted Shares
SEDOL
Proposal
Proposed By
For/Against MGMT
Vote
                   
MAXELL HOLDINGS,LTD.
29-Jun-2020
Annual General Meeting
62,200
  
6429386
Appoint a Director who is not Audit and Supervisory Committee Member Nakamura, Keiji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Katsuta, Yoshiharu
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sumoto, Seiji
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Masuda, Noritoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Brian K. Heywood
MGMT
AGAINST
AGAINST
           
Appoint a Director who is not Audit and Supervisory Committee Member Murase, Sachiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Suzuki, Hiroyuki
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Izumi, Tatsuhiko
MGMT
FOR
FOR
           
Appoint a Director who is Audit and Supervisory Committee Member Watanabe, Shinobu
MGMT
FOR
FOR
           
Approve Provision of Retirement Allowance for Retiring Directors
MGMT
FOR
FOR
                   
TOSHIBA MACHINE CO.,LTD.
29-Jun-2020
Annual General Meeting
38,200
  
6897262
Appoint a Substitute Director who is Audit and Supervisory Committee Member Imamura, Akifumi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iimura, Yukio
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sakamoto, Shigetomo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Kobayashi, Akiyoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Ota, Hiroaki
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Sato, Kiyoshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Iwasaki, Seigo
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Inoue, Hiroshi
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Terawaki, Kazumine
MGMT
FOR
FOR
           
Appoint a Director who is not Audit and Supervisory Committee Member Hayakawa, Chisa
MGMT
FOR
FOR
           
Approve Details of the Restricted-Share Compensation to be received by Directors (Excluding Directors who are Audit and Supervisory Committee Members and Outside Directors)
MGMT
FOR
FOR

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

JAPAN SMALLER CAPITALIZATION FUND, INC.
 
By: /s/ Mr. Yuichi Nomoto
 
Name: Mr. Yuichi Nomoto
President, Principal Executive Officer
 
Date: August 26, 2020