Japan Exchange Group announced a major overhaul of TOPIX constituents. The number of constituents will be reduced to 986 companies by July 2028, with specific candidates for exclusion and inclusion identified.
Japan Exchange Group (JPX) announced changes to the constituents of the Tokyo Stock Price Index (TOPIX), saying that the number of constituents will be reduced to 986 companies by July 2028.
Watami, Pasona, Oisix and WOWOW have reportedly been named as candidates for exclusion in the latest review.
Meanwhile, McDonald's and GO have been named as candidates for inclusion, and the reorganization of the constituent stocks is expected to move forward.
The changes form part of a market reform effort that has been under way since 2022, with attention focused on developments including the formal decisions and timing of implementation.