Japan’s chip-related companies Socionext and Disco are set to join the prestigious Nikkei share average in the upcoming regular reshuffle of the benchmark index, as announced by the index publisher on Monday. This change will see them replace Sumitomo Osaka Cement, Pacific Metals, and Takara Holdings.
The Nikkei 225 index reached a historic milestone on Monday, breaching the 40,000 level for the first time and registering a record high. Year-to-date, the index has posted an impressive 19% gain, with much of the momentum being driven by the performance of chip-related stocks like Advantest and Tokyo Electron.
Both Socionext and Disco have outpaced the Nikkei’s annual gains, with Socionext rising by 55% and Disco by 47%.
In addition to the chip-related companies, online clothing retailer ZOZO will also be included in the benchmark index, marking a significant recognition of its performance and market influence.