Matthews Japan Fund Comments on M3

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Oct 24, 2019

Health care service company M3 (TSE:2413, Financial) also contributed to performance. Shares jumped after the Nikkei announced Sept. 4 that M3 will be incorporated into the Nikkei 225 index. Aside from index news, fundamentals remained solid. The company's most recent earnings saw its core medical platform business topline showing steady growth. We believe the company continues to revolutionize the inefficient health care market in Japan and overseas.

From Matthews Japan Fund (Trades, Portfolio)'s third-quarter 2019 commentary.