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City of London Investment Management Company Limited (CLIM) reported beneficial ownership of 3,223,016 shares of Japan Smaller Capitalization Fund, Inc. (JOF), equal to 12.6% of the class. CLIM reported sole voting and dispositive power over all 3,223,016 shares, with no shared voting or dispositive power. The shares are owned directly by the City of London Funds and segregated accounts over which CLIM exercises discretionary voting and investment authority.
Key Figures
Beneficial ownership:3,223,016 sharesPercent of class:12.6%Sole voting power:3,223,016 shares+2 more
5 metrics
Beneficial ownership3,223,016 sharesCommon Stock of Japan Smaller Capitalization Fund, Inc.
Percent of class12.6%Reported beneficial ownership
Sole voting power3,223,016 sharesShares as to which CLIM reports sole power to vote or direct the vote
Sole dispositive power3,223,016 sharesShares as to which CLIM reports sole power to dispose or direct disposition
Shared voting and dispositive power0 sharesReported shared power to vote and to dispose of shares
Key Terms
beneficial ownership, Sole Voting Power, Sole Dispositive Power, Segregated Accounts, +1 more
5 terms
beneficial ownershipfinancial
"attribution of beneficial ownership is not required between CLIM and CLIG"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
Sole Voting Powertechnical
"Sole Voting Power 3,223,016.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Sole Dispositive Powertechnical
"Sole Dispositive Power 3,223,016.00"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
Segregated Accountsfinancial
"the "Segregated Accounts""
discretionary voting and investment authoritytechnical
"exercises discretionary voting and investment authority"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many JOF shares does City of London Investment Management Company report?
CLIM reported beneficial ownership of 3,223,016 JOF shares, equal to 12.6% of the class.
Who holds the reported JOF shares, and who has voting authority?
The shares are owned directly by the City of London Funds and segregated accounts. CLIM reported sole voting and dispositive power over 3,223,016 shares.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 8)
Japan Smaller Capitalization Fund, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
47109U104
(CUSIP Number)
09/30/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
47109U104
1
Names of Reporting Persons
City of London Investment Management Company Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
3,223,016.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
3,223,016.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
3,223,016.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
12.6 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Japan Smaller Capitalization Fund, Inc.
(b)
Address of issuer's principal executive offices:
Worldwide Plaza, 309 West 49th Street, New York, NY 10019
Item 2.
(a)
Name of person filing:
This statement is being filed by City of London Investment Management Company Limited ("CLIM" or the "Reporting Person"). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG.
CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including CA International Equity CEF Fund ("CARDINAL"), a private investment fund organized as a Delaware business trust, All World Ex US Equity CEF Fund ("FALCON"), a private investment fund organized as a Delaware business trust, CA All-World Ex US Equity CEF Fund ("MACAW"), a private investment fund organized as a Delaware business trust, International Equity CEF Fund ("PHOENIX") and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the "Segregated Accounts").
CARDINAL, FALCON, MACAW and PHOENIX are collectively referred to herein as the "City of London Funds."
The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
(b)
Address or principal business office or, if none, residence:
77 Gracechurch Street
London EC3V 0AS
England
(c)
Citizenship:
England and Wales
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
47109U104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
3,223,016.00
(b)
Percent of class:
12.6 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
3,223,016.00
(ii) Shared power to vote or to direct the vote:
0.00
(iii) Sole power to dispose or to direct the disposition of:
3,223,016.00
(iv) Shared power to dispose or to direct the disposition of:
0.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
City of London Investment Management Company Limited
