Nikkei 225 to alter price-adjustment factor for Zozo

TOKYO -- Nikkei said Wednesday it will change the price-adjustment factor applied to the shares of Zozo, a Japanese online fashion retailer, in calculating the Nikkei Stock Average, or Nikkei 225, due to a stock split planned by the company.

The price-adjustment factor will be changed on March 28 from the current 1 to 3, as Zozo plans a three-for-one split of its shares. The divisor will not be affected since the price level of the Nikkei 225 constituent issue will remain the same.

For more details, please visit the Nikkei indexes website.