Our stock has been selected as a constituent for「JPX-Nikkei Mid and Small Cap Index」

Index Name:
JPX-Nikkei Mid and Small Cap Index
(Abbrev:
JPX-Nikkei Mid Small)

「JPX-Nikkei Mid and Small Cap Index」has been established on March 13, 2017 and Japan Asset Marketing Co., Ltd. has been selected consecutively as a constituent for the Index on August 31, 2018. Only 2 companies have been nominated from Mothers out of 200 constituents for the Index.

The Concept of the Index

The index applies the concept of the JPX-Nikkei Index 400, which is an index comprised of highly attractive listed companies to the investors to mid and small cap equities by selecting companies that focus on capital efficiency and investor-oriented management. The index aims to meet the needs of investors looking to invest in such companies. Tokyo Stock Exchange, Inc. and Nikkei Inc. are the providers of this Index.

Constituent Selection

Eligible Constituents
Common stocks whose main market is the TSE 1st Section, 2nd Section, Mothers, or JASDAQ market

※Issues constituting the top 20% of market capitalization on the base date shall be excluded.

Selection Criteria

Issues are excluded from selection if they fall under any of the following criteria.

  • ・Liabilities in excess of assets during any of the past 3 fiscal years
  • ・Operating deficit in all of the past 3 fiscal years
  • ・Overall deficit in all of the past 3 fiscal years
  • ・Issues constituting the top 20% of market capitalization on the base date
  • ・The issue under the 10 billion yen of the market capitalization on the base date and under 15 billion yen of trading value in the one year since the base date

After the screening, the comprehensive scoring based on quantitative indicators (3-year average ROE:70%, 3-year cumulative operating profit: 30%) and qualitative factors (Appointment of at least 2 Independent Outside Directors, Adoption of IFRS etc.) shall be implemented for the determination.

No. of Constituents
200 issues
Calculation Method
Free-float adjusted market capitalization-weighted (with 1.5% cap)

Revised on August 31, 2018