Nikkei announced on March 5, 2026, that it will revise the constituents of the Nikkei 225 index as part of its regular review, effective April 1. Kioxia Holdings and Pan Pacific International Holdings (PPIH) will be added to the index, with Kioxia's inclusion based on market liquidity and PPIH's addition intended to improve sector balance [1]. GS Yuasa and Casio Computer will be removed from the Nikkei 225, while Hino Motors will also be excluded due to its upcoming delisting on March 30 following its merger with Mitsubishi Fuso Truck and Bus. Archion, a newly established holding company that brings Hino Motors and Mitsubishi Fuso Truck and Bus under its umbrella, will be added to the index on April 1, coinciding with its listing date [1].
On March 30, when Hino Motors is delisted, and on March 31, the Nikkei 225 will be calculated using Hino's final share price as of March 27 [1]. In addition to the main index changes, GS Yuasa and Casio will also be removed from the Nikkei 225 Climate Change 1.5°C Target Index (EU PAB), with replacement constituents to be selected at the next periodic review. Hino Motors and Archion will be treated in the same way as in the Nikkei 225 [1]. Casio will also be dropped from the Nikkei 225 High Dividend Yield Stock 50 Index, the Nikkei 225 Shareholder Return Stock 40 Index, and the Nikkei 225 Global Exposure 50 Index. No replacements will be made in these indices until their next periodic reviews [1].
The changes reflect Nikkei's ongoing efforts to maintain market liquidity and sector balance within its indices. The inclusion of Kioxia and PPIH, as well as the creation of Archion, may impact investor sentiment and trading volumes for these companies, while the removal of GS Yuasa, Casio, and Hino Motors could affect their visibility and attractiveness to index-tracking investors [1].
No forward-looking statements or analyst opinions were provided in the article [1].
CONCLUSION
Nikkei's revision of the Nikkei 225 index will see the addition of Kioxia, PPIH, and Archion, while GS Yuasa, Casio, and Hino Motors will be removed. These changes, effective April 1, are aimed at improving market liquidity and sector balance. The adjustments may influence investor sentiment and trading activity for the affected companies.