Japan Exchange Group to remove hundreds of companies from Topix index

Japan Exchange Group will slash hundreds of stocks in the largest-ever Topix overhaul.

Japan Exchange Group is removing 683 companies from the Topix index under strict new inclusion rules. The massive overhaul will reduce the benchmark index to fewer than 1,000 constituent stocks. The changes aim to tighten quality standards across the Japanese equity market.

• The countA total of 683 companies face removal from the benchmark index under the updated standards.
• The scopeThe revamp will leave the index with fewer than 1,000 constituent companies following the cull.
• The backgroundJapan Exchange Group is tightening listing requirements to improve overall market liquidity and governance.