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Nikkei Indices' Components Will Change

Kaya Laterman

TOKYO -- The Nihon Keizai Shimbun, publisher of Japan's leading business daily and compiler of the Nikkei index series, late Friday said it would change the components of several Nikkei indices starting Sept. 22.

Changes to the key Nikkei 225 index will be made in three stages, the firm said through a statement. On Sept. 22, the Industrial Bank of Japan, Dai-Ichi Kangyo Bank and Fuji Bank will be delisted due to their upcoming merger. The newcomers are the Bank of Yokohama, Toyo Trust and Banking and Shinko Securities.

On Sept. 26, the index will say goodbye to telco KDD and replace it with printer and liquid crystal display manufacturer Alps Electric. On Oct. 2, outgoing firms Tekken, a railway constructor, and Japan Securities Finance will be replaced by Mizuho Holdings and electronic security servicer Secom. Mizuho, the new holding company for Mizuho Bank, is the resulting of the merger of IBJ, DKB and Fuji Bank.

For the Nikkei 330 index, the outgoing firms are IBJ, DKB, Fuji Bank, Tokyo Exterior, Haseko, Sankyo Aluminum and Tokyo Land. They will be replaced by Central Japan Rail, Japan Airlines, Softbank, Nippon Suisan, Ito En, Mizuho Holdings and Trans Cosmos.

The Nikkei 500 will bid farewell to IBJ, DKB, Fuji Bank and KDD, while welcoming Denki Kogyo, Nidec Copal, Higo Bank and Rinnai.

The ISE/Nikkei 50 index will shed DKB and Fuji Bank and pick up Mitsui Marine and Fire and Mitsui Fudosan.

For detailed information about the index reshuffling, check out the Nikkei's English Web site.