TOKYO -- Nikkei will replace eight constituents of the Nikkei 500 Stock Average as part of its regular review, with the changes taking effect on April 1.
The reshuffle will add companies including Kokusai Electric and Rakuten Bank, while removing companies such as Toho Titanium and Sumitomo Osaka Cement. The annual review is based on trading volume, trading value and market capitalization over the past three years.
The changes also reflect the shift to a holding company structure by Hino Motors and Aiful. Hino Motors will be excluded following the listing of a new holding company, Archion, created through its merger with Mitsubishi Fuso Truck and Bus, while Aiful will be removed due to the establishment of a wholly owned parent company Muninova Holdings.
For more details, please visit the Nikkei indexes website.
