Nikkei and JPX Market Innovation & Research announced that consumer lender Aiful will be removed from the JPX-Nikkei Index 400, effective April 1, 2026, following its transition to a holding company structure [1]. As part of this process, Aiful will be delisted from the Tokyo Stock Exchange on March 30, 2026 [1]. Muninova Holdings, a newly established holding company, will be listed on the Tokyo Stock Exchange and will replace Aiful as a constituent stock of the JPX-Nikkei Index 400 [1].
The index will be calculated using Aiful's final market capitalization as of March 27, 2026, for the period between Aiful's delisting and Muninova Holdings' listing [1]. No specific market reactions, analyst opinions, or forward-looking statements were provided in the article [1].
Key dates mentioned include March 27 (final market capitalization), March 30 (Aiful delisting), March 31 (index calculation adjustment), and April 1 (Muninova Holdings replaces Aiful in the index) [1].
CONCLUSION
Aiful will be removed from the JPX-Nikkei Index 400 and delisted from the Tokyo Stock Exchange as it transitions to a holding company structure. Muninova Holdings will take its place in the index, with adjustments based on Aiful's final market capitalization. The change is scheduled for early April 2026.