Forget the FANGs: The ‘Sunrise’ stocks are doing better in Japan

(June 12): Impressed by the so-called FANG shares’ performance? Japan has a similar group that’s doing even better.

Meet the Sunrise stocks: SoftBank Group Corp., Nintendo Co., Recruit Holdings Co. and Sony Corp. (SNRS, or Sunrise). They’ve risen an average of 65% over the past year, versus an average 4% gain for the group known as FANG: Facebook Inc., Amazon.com Inc., Netflix Inc. and Google’s parent Alphabet Inc. Japan’s benchmark Topix index added 19% in the period.

While both clusters feature members of the new economy, one thing that binds the Sunrise stocks, as some market participants have taken to calling them, is their overseas prospects. Masayoshi Son’s SoftBank, for instance, has been seeking a turnaround at Sprint Corp. in the U.S., Sony has its PlayStation, semiconductor and entertainment businesses, while Nintendo’s Switch console has become a global bestseller. Recruit, perhaps the least known of the group outside Japan, bought a U.S. job site in 2012.

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