TOPIX in the context of "JR West"

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⭐ Core Definition: TOPIX

The Tokyo Stock Price Index (東証株価指数, Tōshō Kabuka shisū), commonly known as the TOPIX, is an important stock market index for the Tokyo Stock Exchange (TSE) in Japan, along with the Nikkei 225. The TOPIX tracks the entire market of domestic companies and covers most stocks in the Prime market and some stocks in the Standard market. It is calculated and published by the TSE. As of January 2025, there are planned to be 1,716 companies listed on the TSE, since about 400 stocks with low liquidity were phased out after the TSE reform in 2022.

The index transitioned from a system where a company's weighting is based on the total number of shares outstanding to a weighting based on the number of shares available for trading (called the free float). This transition started in October 2005 and was completed in June 2006. Although the change is a technicality, it had a significant effect on the weighting of many companies in the index, because many companies in Japan hold a significant number of shares of their business partners as a part of intricate business alliances, and such shares are no longer included in calculating the weight of companies in the index.

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👉 TOPIX in the context of JR West

The West Japan Railway Company, also referred to as JR West (JR西日本, Jeiāru Nishi-Nihon; lit.'JR West Japan'), is one of the Japan Railways Group (JR Group) companies and operates in western Honshu. It has its headquarters in Kita-ku, Osaka. It is listed in the Tokyo Stock Exchange, is a constituent of the TOPIX Large70 index, and is also one of only three Japan Railways Group constituents of the Nikkei 225 index: the others are JR East and JR Central. It was also listed in the Nagoya and Fukuoka stock exchanges until late 2020.

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TOPIX in the context of Panasonic

Panasonic Holdings Corporation is a Japanese multinational electronics manufacturer, headquartered in Kadoma, Japan. It was founded in 1918 as Matsushita Electric Housewares Manufacturing Works in the Fukushima ward of Osaka by Kōnosuke Matsushita. The company was incorporated in 1935 and renamed Matsushita Electric Industrial Co., Ltd., and changed its name to Panasonic Corporation in 2008. In 2022, it reorganized as a holding company and adopted its current name.

In addition to consumer electronics, for which it was the world's largest manufacturer in the late 20th century, Panasonic produces a wide range of products and services, including rechargeable batteries, automotive and avionic systems, industrial equipment, as well as home renovation and construction. The company is listed on the Tokyo Stock Exchange and is a constituent of the Nikkei 225 and TOPIX 100 indices, with a secondary listing on the Nagoya Stock Exchange.

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TOPIX in the context of JR East

The East Japan Railway Company is a major passenger railway company in Japan and the largest of the seven Japan Railways Group companies. The company name is officially abbreviated as JR East in English, and as JR Higashi-Nihon in Japanese. The company's headquarters are in Yoyogi, Shibuya, Tokyo, next to Shinjuku Station. It is listed in the Tokyo Stock Exchange (it formerly had secondary listings in the Nagoya and Osaka stock exchanges), is a constituent of the TOPIX Large70 index, and is one of three Japan Railways Group constituents of the Nikkei 225 index, the others being JR Central and JR West

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TOPIX in the context of Nikkei 225

The Nikkei 225, or the Nikkei Stock Average (Japanese: 日経平均株価, Hepburn: Nikkei heikin kabuka), more commonly called the Nikkei or the Nikkei index (/ˈnɪk, ˈn-, nɪˈk/), is a stock market index for the Tokyo Stock Exchange (TSE). It is a price-weighted index, operating in the Japanese Yen (JP¥), and its components are reviewed twice a year. The Nikkei 225 measures the performance of 225 highly capitalised and liquid publicly owned companies in Japan from a wide array of industry sectors. Since 2017, the index is calculated every five seconds. It was originally launched by the Tokyo Stock Exchange in 1950, and was taken over by the Nihon Keizai Shimbun (The Nikkei) newspaper in 1970, when the Tokyo Exchange switched to the Tokyo Stock Price Index (TOPIX), which is weighed by market capitalisation rather than stock prices.

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TOPIX in the context of Canon Inc.

Canon Inc. (Japanese: キヤノン株式会社; Hepburn: Kyanon kabushiki gaisha) is a Japanese multinational corporation headquartered in Ōta, Tokyo, specializing in optical, imaging, and industrial products, such as lenses, cameras, medical equipment, scanners, printers, and semiconductor manufacturing equipment.

Canon has a primary listing on the Tokyo Stock Exchange and is a constituent of the TOPIX Core 30 and Nikkei 225 indexes. It used to have a secondary listing on the New York Stock Exchange.

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TOPIX in the context of The Oriental Land Company

The Oriental Land Co., Ltd. (Japanese: 株式会社オリエンタルランド, Hepburn: Kabushiki gaisha Orientaru Rando; OLC) is a Japanese leisure and tourism company headquartered in Urayasu, Chiba, Japan, where it owns and operates the Tokyo Disney Resort. The company operates in three segments: theme parks, hotels, and other businesses. It is a component of the TOPIX Large70 index. The company’s largest shareholder is the Keisei Electric Railway, which holds 22% of its shares.

Oriental Land pays licenses and royalties to The Walt Disney Company for the use of Disney intellectual property, while Disney provides consultation and design services through Walt Disney Imagineering for the resort’s theme parks and attractions. OLC is the only Disney resort operator that has no capital relationship with Disney.

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TOPIX in the context of Japan Tobacco

Japan Tobacco Inc. (日本たばこ産業株式会社, Nihon Tabako Sangyō kabushiki gaisha) (JT) is a Japanese diversified tobacco company and parent company to Japan Tobacco International, one of the three largest international Big Tobacco product manufacturers in the world. It was established in 1985 as a tokushu gaisha (特殊会社; lit. "special company") that inherited the right to monopolize and manufacture cigarettes from the Japan Tobacco and Salt Public Corporation and required the government to hold at least 50% of its shares. In addition to tobacco, JT diversified its businesses, establishing the pharmaceutical research institute in 1993 and making a full-scale entry into the food and beverage industry in 1998. In 2008, it acquired the food manufacturer Katokichi, now TableMark, as a wholly owned subsidiary, integrating its food business.

It is part of the Nikkei 225 and TOPIX Large70 indices. In 2009, the company was listed at number 312 on the Fortune 500 list. The company is headquartered in Toranomon, Minato, Tokyo, and Japan Tobacco International's headquarters are in Geneva, Switzerland, and Raleigh, North Carolina. As of 2012 the chairman is Hiroshi Kimura and the CEO is Mitsuomi Koizumi.

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