Tokyo Stock Index to Rebalance, Stocks to Watch

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Includes: EWJ, JPXN
by: Steven Towns

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 (NYSE:ATE) (Tokyo: 6857): .50 --> .60
  • Konami (NYSE:KNM) (9766): .48 --> .50
  • Kubota (KUB) (9766): .50 --> .55
  • Nissin (NIS) (8571): .45 --> .55
  • Millea Hldgs (MLEA) (8766): .81 --> .85
  • NTT DoCoMo (NYSE:DCM) (9437): .30 --> .35
  • Sanyo (OTC:SANYY) (6764): .75 --> .80
  • Sharp (OTCPK:SHCAY) (6573): .65 --> .70
  • TDK (TDK) (6762): .65 --> .70
  • Toyota (NYSE:TM) (7203): .55 --> .60
  • Wacoal (OTCQX:WACLY) (3591): .70 --> .75

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

  • Honda (NYSE:HMC) (7267): .75 --> .70
  • Makita (OTCPK:MKTAY) (6586): .80 --> .75
  • Mitsubishi UFJ (NYSE:MTU) (8306): .85 --> .80
  • NEC (NIPNY) (6701): .85 --> .80
  • Nomura Hldgs (NYSE:NMR) (8604): .85 --> .80

Stocks that will have an unchanged weight

  • Canon (NYSE:CAJ) (7751): .80
  • Fuji Photo (OTCPK:FUJIY) (4901): .75
  • Hitachi (HIT) (6501): .80
  • Kirin (OTCPK:KNBWY) (2503): .80
  • Kyocera (NYSE:KYO) (6971): .70
  • Matsushita (NYSE:MC) (6752): .70
  • Nidec (NJ) (6594): .55
  • Nintendo (OTCPK:NTDOY) (7974): .60
  • Nissan (OTCPK:NSANY) (7201): .40
  • NTT (NYSE:NTT) (9432): .70
  • ORIX (NYSE:IX) (8591): .80
  • Sony (NYSE:SNE) (6758): .90
  • Trend Micro (TMIC) (4704): .60

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

Source: Tokyo Stock Exchange

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

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