Invesco CurrencyShares Japanese Yen Trust

For the period ended Sep 30, 2025. Filed Nov 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 7, 2025

FXY$58.04+0.4%Stored close · as of Nov 9, 2026

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Contents

Item 1. Financial Statements

Statements of Financial Condition

September 30, 2025 and December 31, 2024

	September 30, 2025	December 31, 2024
Assets
Japanese Yen deposits, interest bearing	$545,494,925	$393,691,700
Total Assets	$545,494,925	$393,691,700
Liabilities
Redemptions payable	$—	$2,937,102
Accrued Sponsor's fee	183,308	137,213
Accrued interest expense on currency deposits	41	81
Total Liabilities	183,349	3,074,396
Commitments and Contingent Liabilities (Note 8)
Redeemable Capital Shares and Shareholders’ Equity
Redeemable Capital Shares, at redemption value, no par value, 8,750,000 and 6,650,000 issued and outstanding, respectively	545,311,576	390,617,304
Shareholders’ Equity:
Retained Earnings	—	—
Total Liabilities, Redeemable Capital Shares and Shareholders’ Equity	$545,494,925	$393,691,700

Statements of Comp rehensive Income

For the Three and Nine Months Ended September 30, 2025 and 2024

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Income
Interest Income	$—	$—	$—	$—
Total Income	—	—	—	—
Expenses
Sponsor’s fee	(629,876)	(386,753)	(1,903,768)	(1,044,903)
Interest Expense on currency deposits	(127)	-	(277)	(155,536)
Total Expenses	(630,003)	(386,753)	(1,904,045)	(1,200,439)
Net Comprehensive Income (Loss)	$(630,003)	$(386,753)	$(1,904,045)	$(1,200,439)
Basic and Diluted Earnings (Loss) per Share	$(0.06)	$(0.06)	$(0.19)	$(0.21)
Weighted-average Shares Outstanding	9,886,957	6,232,065	10,182,234	5,723,540

Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares

For the Three Months Ended September 30, 2025 and 2024

	Retained Earnings	Total Shareholders’ Equity	Shares	Redeemable Capital Shares
Balance at June 30, 2025	$—	$—	12,900,000	$822,813,206
Purchases of Shares	—	—	—	—
Redemption of Shares	—	—	(4,150,000)	(259,379,153)
Net Increase (Decrease) due to Share Transactions	$—	$—	(4,150,000)	$(259,379,153)
Net Comprehensive Income (Loss)	(630,003)	(630,003)	—	—
Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings	630,003	630,003	—	(630,003)
Adjustment of Redeemable Capital Shares to Redemption Value	—	—	—	(17,492,474)
Balance at September 30, 2025	$—	$—	8,750,000	$545,311,576

	Retained Earnings	Total Shareholders’ Equity	Shares	Redeemable Capital Shares
Balance at June 30, 2024	$—	$—	5,900,000	$339,274,602
Purchases of Shares	—	—	1,650,000	104,987,903
Redemption of Shares	—	—	(300,000)	(19,273,963)
Net Increase (Decrease) due to Share Transactions	$—	$—	1,350,000	$85,713,940
Net Comprehensive Income (Loss)	(386,753)	(386,753)	—	—
Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings	386,753	386,753	—	(386,753)
Adjustment of Redeemable Capital Shares to Redemption Value	—	—	—	43,771,647
Balance at September 30, 2024	$—	$—	7,250,000	$468,373,436

Statements of Changes in Shareholders’ Equity and Redeemable Capital Shares

For the Nine Months Ended September 30, 2025 and 2024

	Retained Earnings	Total Shareholders’ Equity	Shares	Redeemable Capital Shares
Balance at December 31, 2024	$—	$—	6,650,000	$390,617,304
Purchases of Shares	—	—	8,600,000	546,953,433
Redemption of Shares	—	—	(6,500,000)	(406,580,792)
Net Increase (Decrease) due to Share Transactions	$—	$—	2,100,000	$140,372,641
Net Comprehensive Income (Loss)	(1,904,045)	(1,904,045)	—	—
Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings	1,904,045	1,904,045	—	(1,904,045)
Adjustment of Redeemable Capital Shares to Redemption Value	—	—	—	16,225,676
Balance at September 30, 2025	$—	$—	8,750,000	$545,311,576

	Retained Earnings	Total Shareholders’ Equity	Shares	Redeemable Capital Shares
Balance at December 31, 2023	$—	$—	4,750,000	$312,438,303
Purchases of Shares	—	—	3,550,000	221,241,137
Redemption of Shares	—	—	(1,050,000)	(64,467,427)
Net Increase (Decrease) due to Share Transactions	$—	$—	2,500,000	$156,773,710
Net Comprehensive Income (Loss)	(1,200,439)	(1,200,439)	—	—
Adjustment of Redeemable Capital Shares to Redemption Value related to Retained Earnings	1,200,439	1,200,439	—	(1,200,439)
Adjustment of Redeemable Capital Shares to Redemption Value	—	—	—	361,862
Balance at September 30, 2024	$—	$—	7,250,000	$468,373,436

Statements of Cash Flows

For the Nine Months Ended September 30, 2025 and 2024

	Nine Months Ended September 30,
	2025	2024
Cash flows from operating activities
Net Comprehensive Income (Loss)	$(1,904,045)	$(1,200,439)
Adjustments to reconcile net comprehensive income (loss) to net cash provided by (used in) operating activities:
Change in operating assets and liabilities:
Accrued Sponsor’s fee	46,095	40,364
Accrued interest expense	(40)	(50,137)
Net cash provided by (used in) operating activities	(1,857,990)	(1,210,212)
Cash flows from financing activities
Proceeds from purchases of redeemable capital Shares	546,953,433	208,308,648
Redemptions of redeemable capital Shares	(409,510,530)	(64,467,427)
Net cash provided by (used in) financing activities	137,442,903	143,841,221
Effect of exchange rate on cash	16,218,312	373,393
Net change in cash	151,803,225	143,004,402
Cash at beginning of period	393,691,700	312,587,509
Cash at end of period	$545,494,925	$455,591,911
Supplemental disclosure of cash flow information
Cash paid for interest	$317	$205,673

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.