Royce International Premier Fund Comments on Daifuku

Japan’s Daifuku (TSE:6383) built the most important beneficial impression on 1st-50 % effectiveness. The organization develops, manufactures, and presents a extensive range of automation and logistics remedies and expert services. We like its primary worldwide positions in a varied range of attractive conclude markets that range from automatic warehousing to semiconductor manufacturing, as well as its huge and raising share of immediately after-marketplace revenues. This supports enduring shopper interactions that can deliver 15-twenty yrs of repeat revenues. We trimmed our situation during the 1st 50 % as its shares climbed.

From Chuck Royce (Trades, Portfolio)’s Royce Global Leading Fund (Trades, Portfolio) second-quarter 2020 commentary.

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Sydnee Gatewood

I am the editorial director at GuruFocus. I have a BA in journalism and a MA in mass communications from Texas Tech College. I have lived in Texas most of my existence, but also have roots in New Mexico and Colorado. Observe me on Twitter! @gurusydneerg

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