Tokyo Stock Index to Rebalance, Stocks to Watch

The Tokyo Stock Price Index, better known as TOPIX, will be rebalanced on the 31st of this month based on a free float weight adjustment. It's believed that shares of companies with increased/decreased weights will be affected since funds that track the index will be buying/selling shares accordingly.

Stocks that will have an increased weight from Oct. 31st

• Advantest (ATE) (Tokyo: 6857): .50 --> .60

• Konami (KNM) (9766): .48 --> .50

• Kubota (KUB) (9766): .50 --> .55

• Nissin (NIS) (8571): .45 --> .55

• Millea Hldgs (MLEA) (8766): .81 --> .85

• NTT DoCoMo (DCM) (9437): .30 --> .35

• Sanyo (SANYY) (6764): .75 --> .80

• Sharp (SHCAY.PK) (6573): .65 --> .70

• TDK (TDK) (6762): .65 --> .70

• Toyota (TM) (7203): .55 --> .60

• Wacoal (WACLY) (3591): .70 --> .75

Stocks that will have a decreased weight from Oct. 31st

• Honda (HMC) (7267): .75 --> .70

• Makita (MKTAY) (6586): .80 --> .75

• Mitsubishi UFJ (MTU) (8306): .85 --> .80

• NEC (NIPNY) (6701): .85 --> .80

• Nomura Hldgs (NMR) (8604): .85 --> .80

Stocks that will have an unchanged weight

• Canon (CAJ) (7751): .80

• Fuji Photo (FUJIY) (4901): .75

• Hitachi (HIT) (6501): .80

• Kirin (KNBWY.PK) (2503): .80

• Kyocera (KYO) (6971): .70

• Matsushita (MC) (6752): .70

• Nidec (NJ) (6594): .55

• Nintendo (NTDOY.PK) (7974): .60

• Nissan (NSANY) (7201): .40

• NTT (NTT) (9432): .70

• ORIX (IX) (8591): .80

• Sony (SNE) (6758): .90

• Trend Micro (TMIC) (4704): .60

Related Japan ETFs: iShares S&P/TOPIX 150 Index (ITF) and iShares MSCI Japan Index (EWJ)

Source: Tokyo Stock Exchange

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Disclosure: I do not own shares of any companies/ETFs mentioned above.