Kioxia and Pan Pacific International to join Nikkei 225

TOKYO -- Nikkei announced on Thursday that it will revise the constituents of the Nikkei 225 as part of its regular review, adding Kioxia Holdings and Pan Pacific International Holdings (PPIH) while removing GS Yuasa and Casio Computer, effective April 1.

Kioxia's inclusion is based on market liquidity, while PPIH's addition is intended to improve sector balance.

Hino Motors will also be excluded, as the truck maker is set to be delisted on March 30 following its merger with Mitsubishi Fuso Truck and Bus. Archion, a newly established holding company that brings the two companies under its umbrella, will be added to the index on April 1, its listing date.

On March 30, when Hino is delisted, and on March 31, the index will be calculated using Hino's final share price as of March 27.

In line with the Nikkei 225 review, GS Yuasa and Casio will also be removed from the Nikkei 225 Climate Change 1.5°C Target Index (EU PAB). Replacement constituents will be selected at the next periodic review. Hino Motors and Archion will be treated in the same way as in the Nikkei 225.

Casio will additionally be dropped from the Nikkei 225 High Dividend Yield Stock 50 Index, the Nikkei 225 Shareholder Return Stock 40 Index and the Nikkei 225 Global Exposure 50 Index. No replacements will be made in these indices until their next periodic reviews.

For details, please visit the Nikkei indexes website.