TOKYO -- Seiko Epson will replace Toshiba as a constituent of the 225-issue Nikkei Stock Average effective Aug. 1, Nikkei Inc. announced on Monday.
Toshiba will be reassigned to the Tokyo Stock Exchange's second section in August. Seiko Epson's presumed par value is set at 25 yen.
Toshiba will be excluded from other Nikkei indexes and replaced by Nexon for the Nikkei 300, Nippon Shinyaku for the Nikkei 500 and Nippon Paint Holdings for the Nikkei China 50.
Meanwhile, Tokyu, a constituent of the Nikkei 225 and 500 indexes, is planning a stock consolidation. On its ex-rights date of July 27, Nikkei will change the company's presumed par value from 50 yen to 100 yen for both indexes in line with its consolidation ratio of 2 to 1.