The new index will be composed of companies with high appeal for investors, which meet requirements of global investment standards, such as efficient use of capital and investor-focused management perspectives. The new index will promote the appeal of Japanese corporations domestically and abroad, while encouraging continued improvement of corporate value, thereby aiming to revitalize the Japanese stock market.
|Index Name||JPX-Nikkei Index 400
Abbrev.: JPX-Nikkei 400
|Index Provider||Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc. and Nikkei Inc.|
|No. of Constituents||400 issues|
|Eligible Issues||TSE-listed issues (1st Section, 2nd Section, Mothers, JASDAQ)|
|Constituent selection and review will be conducted as follows.
Constituents are selected according to the following process and criteria.
There is a preferential rule for previous year constituents.
Constituents selected in the previous year will be selected as long as their scores are ranked within the top 440.
A constituent review will be conducted on the last business day of August each year with the last business day of June as the base date. (The result of the constituent review will be announced on the 5th business day of August)
|Calculation Method||Free-float adjusted market capitalization-weighted (with 1.5% cap)|
|Start of Calculation||Jan. 6, 2014
Real-time dissemination (per sec) of the index via Tokyo Stock Exchange’s Market Information System
|Base Date/Base Point||Aug. 30, 2013 / 10,000 points|
(*) As for the index values of JPX-Nikkei 400 Currency Hedged Index, please refer to the following website on "Nikkei Indexes"(NikkeiInc.).
|May.22,2015||Start of Calculation and Publication of JPX-Nikkei 400 Leveraged and Inverse Index|
|May.15,2015||Start of Calculation of JPX-Nikkei 400 CHF Hedged Index|
|Feb.20,2015||Deletion from the JPX-Nikkei Index 400|
|Feb 9,2015||Revision of the Guidebook for JPX-Nikkei 400 Currency Hedged Index|
|Feb 4,2015||Calculation of JPX-Nikkei Index 400 in relation to shares of HIROSE ELECTRIC CO.,LTD.（6806）|
|Jan 16,2015||Start of Calculation and Publication of Currency Hedged JPX-Nikkei Index 400|
|Dec 1, 2014||Calculation of JPX-Nikkei Index 400 in relation to shares of NIPPON TELEGRAPH AND TELEPHONE CORPORATION. (9432)|
|Nov 17, 2014||Calculation of JPX-Nikkei Index 400 in relation to shares of NIPPON TELEGRAPH AND TELEPHONE CORPORATION. (9432)|
|Oct 8, 2014||Start of Calculation of JPX-Nikkei 400 Net Total Return Index|
|Aug 7, 2014||Periodic Review of JPX-Nikkei Index 400|
|Aug 5, 2014||Calculation of JPX-Nikkei Index 400 in relation to shares of ITOCHU Corporation (8001)|
|Jun 2, 2014||Revision of the Guidebook for JPX-Nikkei Index 400|
|Mar 10, 2014||Calculation of JPX-Nikkei Index 400 in relation to shares of NIPPON TELEGRAPH AND TELEPHONE CORPORATION. (9432)|
|Dec 30, 2013||The retroactive index value of JPX-Nikkei Index 400|
|Dec 24, 2013||The FFW Changes for JPX-Nikkei Index 400|
|Dec 10, 2013||The retroactive index value of JPX-Nikkei Index 400|
|Nov 25, 2013||Free Float Weight for JPX-Nikkei Index 400|
|Nov 6, 2013||Start of Calculation and Publication of New Index "JPX-Nikkei Index 400"|
|Jul 30, 2013||Outline of New Jointly Developed Index|
|May 14, 2013||JPX Group and Nikkei Agree on Joint Development of New Index|