1 year follow-up, Nippon Antenna (TYO:6930)

A quick check on Nippon Antenna gives a P/NCAV of 0.57 at the end of FY 2016. Price is at 599 ¥. Including the 21 ¥ dividend the return is -5.3 % since purchase. Company has a small share repurchase program in place. Will keep position for one more year.