TOKYO -- Nikkei said on Monday that it will add Shift, a software-testing company, to the Nikkei 225, to replace Citizen Watch to maintain sector balance as part of the semiannual review, effective from Oct. 1.
On the same day, the price-adjustment factor for BayCurrent, a current constituent, will be revised from 0.5 to 1.0. The factor was initially set at half the standard value due to liquidity concerns when the company was added in the spring review. The adjustment reflects the planned increase as part of its second inclusion.
Sony Financial Group, scheduled to list on Sept. 29 following a spinoff from Sony Group, will be temporarily included in the Nikkei 225 on its listing date and removed the following day. This marks the first application of the revised index rules for handling spinoffs, which were updated in July.
As a result of the Nikkei 225 review, Citizen Watch will also be removed from two related indexes -- the Nikkei 225 Climate Change 1.5°C Target Index and the Nikkei 225 High Dividend Yield Stock 50 Index -- effective Oct. 1. No replacement stocks will be added to either index until their next scheduled reviews.
Nikkei also announced changes to the price-adjustment factors of three constituents due to upcoming stock splits. From Sept. 29, Nippon Steel will move to 0.5 from 0.1, IHI to 0.7 from 0.1 and Nitori Holdings to 2.5 from 0.5.
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