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Oct. 08, 2014 TSE Start of Calculation of JPX-Nikkei 400 Net Total Return Index

Japan Exchange Group, Inc., Tokyo Stock Exchange, Inc. and Nikkei Inc. have been jointly calculating and publishing the JPX-Nikkei Index 400 and its total return version (JPX-Nikkei 400 Total Return Index). In addition to these indices, the “JPX-Nikkei 400 Net Total Return Index,” which considers dividends minus tax, will be calculated as follows:

1. Outline

Name of Index JPX-Nikkei 400 Net Total Return Index
Index Calculation The same methodology as the JPX-Nikkei 400 Total Return Index is applied except for the point that the total dividend amount is multiplied by “1 - dividend tax rate” when the base market value is adjusted.
Please see the JPX-Nikkei 400 Index Guidebook for details:
http://www.tse.or.jp/english/market/topix/jpx_nikkei.html
*The tax rate used in the calculation is the withholdings tax rate (excluding local taxes) applicable to dividends of listed stocks, assuming non-residents who do not benefit from tax treaties.
Projected Launch Date October 20, 2014
Base Date/Base Value August 30, 2013 / 10,000.00 points
(Same as the JPX-Nikkei 400 Total Return Index)

2. Index Usage

Index values are available on a fee basis. In addition, a license is required to use this index for the purpose of creating various financial products or third party distribution. For more details, please contact us at the following e-mail adress.

Contact

Tokyo Stock Exchange, Inc. Information Services Dept.
TEL: +81-50-3377-7754
e-mail:index@jpx.co.jp

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