Over 600 Companies Face Cull in Topix Index Overhaul
Analysts predict that over 600 companies, primarily small caps, are likely to be removed from the Topix index in its largest overhaul to date. This significant change will force many Japanese small-cap companies into a survival race.
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Japan Small Caps Face Survival Race as Topix Cull Looms
Japan’s Topix stock index is poised for its biggest overhaul, with more than 600 companies — over a third of its constituents — likely to be gradually removed under new eligibility rules, according to analysts’ estimates.
By Hideyuki Sano
Read full article →Over 600 companies likely to be culled in Topix index’s biggest overhaul, analysts say
Companies whose free-float market capitalization ranks in the bottom 3% of Tokyo Stock Exchange-listed firms will be phased out over two years beginning in October.
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