TOKYO -- Nikkei Inc. announced Tuesday it will change two constituent stocks of the 225-issue Nikkei Stock Average as part of its annual review.
Hokuetsu Kishu Paper and Meidensha will be removed, and Recruit Holdings and Japan Post Holdings will be added. The changes will take effect Oct. 2.
The two companies are being removed because the materials and technology sector are overweighted.
In addition, one constituent of the Nikkei Stock Index 300 will be reshuffled as a result of an annual review, with Avex Group Holdings to be replaced by Hakuhodo DY Holdings effective Oct. 2.