Japan Exchange Group made substantial changes to the TOPIX constituents, reducing the number from more than 1,600 to 986. New additions include Nippon McDonald’s Holdings and Workman.
Japan Exchange Group announced substantial changes to the TOPIX constituents. TOPIX is an index showing the performance of the Japanese stock market as a whole, and the revision will sharply reduce the number of constituents from more than 1,600 to 986. The announcement indicates that 35 stocks will be newly added.
The change in criteria to place greater emphasis on tradability was cited as a factor behind the reduction, resulting in new additions including Nippon McDonald’s Holdings and Workman. By contrast, 683 stocks that do not meet the criteria will be subject to transitional measures for a certain period.
Stocks that subsequently fail to meet the criteria again, including through improvements in corporate management, will be removed from TOPIX. The article does not provide specific dates or additional figures, and is limited to the framework of the changes and the outlook.