Nikkei 225 Shareholder Return Stock 40 Index

Overview

The Nikkei 225 Shareholder Return Stock 40 Index is a stock price index composed of 40 issues with the highest shareholder return yield among the constituents of the Nikkei Stock Average (Nikkei 225). The index is calculated using a market capitalization x dividend yield-weighted methodology.

• Chart
  
• Constituents
  40 issues are selected from the constituents of the Nikkei 225 (excluding financials and real estate).
• Periodic review
  Semi-Annually (7th business day of January/July)
• Selection rules
  • 40 stocks with highest shareholder return yield (the value calculated by dividing the three-year average total of dividends, share buybacks, and debt repayments by market capitalization) are seletced from the Nikkei 225 constituents (excluding financials and real estate).
  • Although Nikkei extraordinarily removes the stocks deleted from the Nikkei 225, the new constituents will not be added for the removals and the number of the constituents will be back to 40 at the next Periodic Review.
• Number of constituents
  40
• Weighting
  Market Cap multiplied by Yield Weight
• Calculation Method
  • The index is calculated by summing up the constituent share prices multiplied by the Weight Factors, and dividing the summation by the Divisor.
  • The Divisor is adjusted like the base market value for the market capitalization based index.
• Calculation frequency
  End-of-day basis
• Commencement date
  November/4/2025
• Inception date
  January/13/2011
• Calculation base date
  January/13/2011 ＝ 10,000