Lawson to be removed from JPX-Nikkei Index 400

TOKYO -- Nikkei and JPX Market Innovation & Research will remove Lawson, a convenience store chain, from the JPX-Nikkei Index 400 on July 9 due to the company being designated as a stock "to be delisted" by the Tokyo Stock Exchange.

The delisting designation comes after Japanese mobile carrier KDDI completed its tender offer for Lawson's shares in May. Lawson became a company equally owned by KDDI and Japanese trading house Mitsubishi Corp.

No company will be added to the index to replace Lawson that day. The number of index constituents will return to 400 when the next periodic review is conducted in August.

For more details, please visit the Nikkei indexes website.