The Baillie Gifford Japan Trust PLC is a United Kingdom-based investment company. Baillie Gifford Japan�s objective is to pursue long term capital growth principally through investment in medium to smaller sized Japanese companies. The Company invests in arrange of information, communication and utilities; electricals and electronics; chemicals and other materials; commerce and services; real estate and construction; manufacturing and machinery, and pharmaceuticals and food. During the fiscal year ended August 31, 2012, the Company�s top 10 holdings included Itochu, Don Quijote, Japan Tobacco, KDDI, Otsuka Corp, Sysmex, Rakuten, Industrial & Infrastructure Fund, Misumi Group and Hitachi High-Technologies. Baillie Gifford & Co is the investment manager of the Company.