TOKYO -- Nikkei Inc. announced on Tuesday that SoftBank Corp, the telecommunications unit of SoftBank Group, will replace Nippon Kayaku in the constituent stocks of the 225-issue Nikkei Stock Average as part of its annual review, effective Oct. 1.
SoftBank will be added due to its high liquidity. Nippon Kayaku will be removed as a result of the adjustment of the sector weight. The presumed par value of SoftBank will be 50 yen.
