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Nikkei 225

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Logarithmic-scale graph of the Nikkei 225 from 1914 to 2012

The Nikkei 225 (日経平均株価, Nikkei heikin kabuka, 日経225), more commonly called the Nikkei, the Nikkei index, or the Nikkei Stock Average[1][2] (/ˈnɪk/, /ˈnk/, or /nɪˈk/), is a stock market index for the Tokyo Stock Exchange (TSE). It has been calculated daily by the Nihon Keizai Shimbun (Nikkei) newspaper since 1950. It is a price-weighted index (the unit is yen), and the components are reviewed once a year. Currently, the Nikkei is the most widely quoted average of Japanese equities, similar to the Dow Jones Industrial Average. In fact, it was known as the "Nikkei Dow Jones Stock Average" from 1975 to 1985.[3]

The Nikkei 225 began to be calculated on September 7, 1950, retroactively calculated back to May 16, 1949. Since January 2010 the index is updated every 15 seconds during trading sessions.

The Nikkei 225 Futures, introduced at Singapore Exchange (SGX) in 1986, the Osaka Securities Exchange (OSE) in 1988, Chicago Mercantile Exchange (CME) in 1990, is now an internationally recognized futures index.[4]

The Nikkei average has deviated sharply from the textbook model of stock averages which grow at a steady exponential rate. The average hit its all-time high on December 29, 1989, during the peak of the Japanese asset price bubble, when it reached an intra-day high of 38,957.44 before closing at 38,915.87, having grown sixfold during the decade. Subsequently, it lost nearly all these gains, closing at 7,054.98 on March 10, 2009—81.9% below its peak twenty years earlier.

Another major index for the Tokyo Stock Exchange is the Topix.

On March 15, 2011, the second working day after the massive earthquake in the northeast part of Japan, the index dropped over 10% to finish at 8605.15, a loss of 1,015 points. The index continued to drop throughout 2011, eventually bottoming out at 8160.01 on November 25, putting it at its lowest close since March 10, 2009. The Nikkei fell over 17% in 2011, finishing the year at 8455.35, its lowest year-end closing value in nearly thirty years, when the index finished at 8016.70 in 1982.[5]

The Nikkei started 2013 near 10,600, hitting a peak of 15,942 in May. However, shortly afterward, it plunged by almost 10% before rebounding, making it the most volatile stock market index among the developed markets. By 2015, it has reached over 20,000 mark; marking a gain of over 10,000 in 2 years making it one of the fastest growing stock market indexes in the world.

Weighting

The index is a price-weighted index. As of late 2014, the company with the largest influence on the index is Fast Retailing.

Annual returns

Annual returns
Year Returns
1997 -21.19%
1998 -9.29%
1999 +36.79%
2000 -27.19%
2001 -23.52%
2002 -18.63%
2003 +24.45%
2004 +7.61%
2005 +40.24%
2006 +6.92%
2007 -11.13%
2008 -42.12%
2009 +19.04%
2010 -3.01%
2011 -17.34%
2012 +22.94%
2013 +56.72%
2014 +7.12%[6]
2015 +9.07%

Components

As of December 2015, the Nikkei 225 consists of the following companies: (Japanese securities identification code in parentheses)

Foods

Textiles & apparel

Pulp & paper

Chemicals

Pharmaceuticals

Oil & coal products

Rubber products

Glass & ceramics

Steel products

Nonferrous metals

Machinery

Electric machinery

Shipbuilding

Automotive

Precision instruments

Other manufacturing

Fishery

Mining

Construction

Trading companies

Retail

Banking

Securities

Insurance

Other financial services

Real estate

Railway/bus

Other land transport

Marine transport

Air transport

Warehousing

Communications

Electric power

Gas

Services

Components

As of February 2015, the Nikkei 225 consists of the following companies: (Japanese securities identification code in parentheses)

Constituent Security identification Sector
Ajinomoto Co., Inc. 2802 Foods
Asahi Breweries, Ltd. 2502 Foods
Japan Tobacco Inc. 2914 Foods
Kikkoman Corp. 2801 Foods
Kirin Brewery Co., Ltd. 2503 Foods
Meiji Holdings Company, Limited 2269 Foods
Nichirei Corp. 2871 Foods
Nippon Meat Packers, Inc. 2282 Foods
Nisshin Seifun Group Inc. 2002 Foods
Sapporo Holdings Ltd. 2501 Foods
Takara Holdings Inc. 2531 Foods
Nisshinbo Industries, Inc. 3105 Textiles & apparel
Teijin Ltd. 3401 Textiles & apparel
Toray Industries, Inc. 3402 Textiles & apparel
Toyobo Co., Ltd. 3101 Textiles & apparel
Unitika, Ltd. 3103 Textiles & apparel
Hokuetsu Paper Mills, Ltd. 3865 Pulp & paper
Nippon Paper Group, Inc. 3863 Pulp & paper
Oji Paper Co., Ltd. 3861 Pulp & paper
Asahi Kasei Corp. 3407 Chemicals
Denki Kagaku Kogyo K.K. 4061 Chemicals
Fujifilm Holdings Corp. 4901 Chemicals
Kao Corp. 4452 Chemicals
Kuraray Co., Ltd. 3405 Chemicals
Mitsubishi Chemical Holdings Corp. 4188 Chemicals
Mitsui Chemicals, Inc. 4183 Chemicals
Nippon Kayaku Co., Ltd. 4272 Chemicals
Nippon Soda Co., Ltd. 4041 Chemicals
Nissan Chemical Industries, Ltd. 4021 Chemicals
Nitto Denko Corporation 6988 Chemicals
Shin-Etsu Chemical Co., Ltd. 4063 Chemicals
Shiseido Co., Ltd. 4911 Chemicals
Showa Denko K.K. 4004 Chemicals
Sumitomo Chemical Co., Ltd. 4005 Chemicals
Tokuyama Corporation 4043 Chemicals
Tosoh Corp. 4042 Chemicals
Ube Industries, Ltd. 4208 Chemicals
Astellas Pharma Inc. 4503 Pharmaceuticals
Chugai Pharmaceutical Co., Ltd. 4519 Pharmaceuticals
Daiichi Sankyo Co., Ltd. 4568 Pharmaceuticals
Dainippon Sumitomo Pharma Co., Ltd. 4506 Pharmaceuticals
Eisai Co., Ltd. 4523 Pharmaceuticals
Kyowa Hakko Kirin Co., Ltd. 4151 Pharmaceuticals
Shionogi & Co., Ltd. 4507 Pharmaceuticals
Takeda Pharmaceutical Company, Ltd. 4502 Pharmaceuticals
JX Holdings 5020 Oil & coal products
Showa Shell Sekiyu K.K. 5002 Oil & coal products
Bridgestone Corp. 5108 Rubber products
The Yokohama Rubber Co., Ltd. 5101 Rubber products
Asahi Glass Co., Ltd. 5201 Glass & ceramics
NGK Insulators, Ltd. 5333 Glass & ceramics
Nippon Electric Glass Co., Ltd. 5214 Glass & ceramics
Nippon Sheet Glass Co., Ltd. 5202 Glass & ceramics
Sumitomo Osaka Cement Co., Ltd. 5232 Glass & ceramics
Taiheiyo Cement Corp. 5233 Glass & ceramics
Tokai Carbon Co., Ltd. 5301 Glass & ceramics
Toto Ltd. 5332 Glass & ceramics
JFE Holdings, Inc. 5411 Steel products
Kobe Steel, Ltd. 5406 Steel products
Nippon Steel Corp. 5401 Steel products
Nisshin Steel Co., Ltd. 5413 Steel products
Pacific Metals Co., Ltd. 5541 Steel products
Dowa Holdings Co., Ltd. 5714 Nonferrous metals
Fujikura Ltd. 5803 Nonferrous metals
Furukawa Co., Ltd. 5715 Nonferrous metals
The Furukawa Electric Co., Ltd. 5801 Nonferrous metals
Mitsubishi Materials Corp. 5711 Nonferrous metals
Mitsui Mining & Smelting Co., Ltd. 5706 Nonferrous metals
Nippon Light Metal Co., Ltd 5703 Nonferrous metals
SUMCO Corp. 3436 Nonferrous metals
Sumitomo Electric Industries, Ltd. 5802 Nonferrous metals
Sumitomo Metal Mining Co., Ltd. 5713 Nonferrous metals
Toho Zinc Co., Ltd. 5707 Nonferrous metals
Toyo Seikan Kaisha, Ltd. 5901 Nonferrous metals
Amada Co. Ltd. 6113 Machinery
Chiyoda Corp. 6366 Machinery
Daikin Industries, Ltd. 6367 Machinery
Ebara Corp. 6361 Machinery
Hitachi Construction Machinery Co., Ltd. 6305 Machinery
Hitachi Zosen Corporation 7004 Machinery
IHI Corp. 7013 Machinery
The Japan Steel Works, Ltd. 5631 Machinery
JTEKT Corp. 6473 Machinery
Komatsu Ltd. 6301 Machinery
Kubota Corp. 6326 Machinery
Mitsubishi Heavy Industries, Ltd. 7011 Machinery
NSK Ltd. 6471 Machinery
NTN Corp. 6472 Machinery
Okuma Corporation 6103 Machinery
Sumitomo Heavy Industries, Ltd. 6302 Machinery
Advantest Corp. 6857 Electric machinery
Alps Electric Co., Ltd. 6770 Electric machinery
Canon Inc. 7751 Electric machinery
Casio Computer Co., Ltd. 6952 Electric machinery
Dainippon Screen Mfg. Co., Ltd. 7735 Electric machinery
Denso Corp. 6902 Electric machinery
FANUC Corp. 6954 Electric machinery
Fuji Electric Holdings Co., Ltd. 6504 Electric machinery
Fujitsu Ltd. 6702 Electric machinery
GS Yuasa Corp. 6674 Electric machinery
Hitachi, Ltd. 6501 Electric machinery
Kyocera Corp. 6971 Electric machinery
Panasonic Corp. 6752 Electric machinery
Meidensha Corp. 6508 Electric machinery
Minebea Co., Ltd. 6479 Electric machinery
Mitsubishi Electric Corp. 6503 Electric machinery
Mitsumi Electric Co., Ltd. 6767 Electric machinery
NEC Corp. 6701 Electric machinery
Oki Electric Industry Co., Ltd. 6703 Electric machinery
Pioneer Corporation 6773 Electric machinery
Ricoh 7752 Electric machinery
Sharp Corp. 6753 Electric machinery
Sony Corp. 6758 Electric machinery
Taiyo Yuden Co., Ltd. 6976 Electric machinery
TDK Corp. 6762 Electric machinery
Tokyo Electron Ltd. 8035 Electric machinery
Toshiba Corp. 6502 Electric machinery
Yaskawa Electric Corporation, Limited 6506 Electric machinery
Yokogawa Electric Corp. 6841 Electric machinery
Kawasaki Heavy Industries, Ltd. 7012 Shipbuilding
Mitsui Engineering & Shipbuilding Co., Ltd. 7003 Shipbuilding
Fuji Heavy Industries Ltd. 7270 Automotive
Hino Motors, Ltd. 7205 Automotive
Honda Motor Co., Ltd. 7267 Automotive
Isuzu Motors Ltd. 7202 Automotive
Mazda Motor Corp. 7261 Automotive
Mitsubishi Motors Corp. 7211 Automotive
Nissan Motor Co., Ltd. 7201 Automotive
Suzuki Motor Corp. 7269 Automotive
Toyota Motor Corp. 7203 Automotive
Citizen Holdings Co., Ltd. 7762 Precision instruments
Konica Minolta Holdings, Inc. 4902 Precision instruments
Nikon Corp. 7731 Precision instruments
Olympus Corp. 7733 Precision instruments
Terumo Corp. 4543 Precision instruments
Dai Nippon Printing Co., Ltd. 7912 Other manufacturing
Toppan Printing Co., Ltd. 7911 Other manufacturing
Yamaha Corp. 7951 Other manufacturing
Nippon Suisan Kaisha, Ltd. 1332 Fishery
Maruha Nichiro Holdings, Inc. 1333 Fishery
Inpex Corp. 1605 Mining
Comsys Holdings Corp. 1721 Construction
Daiwa House Industry Co., Ltd. 1925 Construction
JGC Corporation 1963 Construction
Kajima Corp. 1812 Construction
Obayashi Corp. 1802 Construction
Sekisui House, Ltd. 1928 Construction
Shimizu Corp. 1803 Construction
Taisei Corp. 1801 Construction
Haseko Corp. 1808 Construction
Itochu Corp. 8001 Trading companies
Marubeni Corp. 8002 Trading companies
Mitsubishi Corp. 8058 Trading companies
Mitsui & Co., Ltd. 8031 Trading companies
Sojitz Corp. 2768 Trading companies
Sumitomo Corp. 8053 Trading companies
Toyota Tsusho Corp. 8015 Trading companies
Aeon Co., Ltd. 8267 Retail
Fast Retailing Co., Ltd. 9983 Retail
Isetan Mitsukoshi Holdings Ltd. 3099 Retail
J. Front Retailing Co., Ltd. 3086 Retail
Marui Group Co., Ltd. 8252 Retail
Seven & I Holdings Co., Ltd. 3382 Retail
Takashimaya Co., Ltd. 8233 Retail
Uny Co., Ltd. 8270 Retail
Aozora Bank, Ltd. 8304 Banking
The Bank of Yokohama, Ltd. 8332 Banking
The Chiba Bank, Ltd. 8331 Banking
Sumitomo Mitsui Trust Holdings, Inc. 8309 Banking
Fukuoka Financial Group, Inc. 8354 Banking
Mitsubishi UFJ Financial Group, Inc. 8306 Banking
Mizuho Financial Group, Inc. 8411 Banking
Resona Holdings, Inc. 8308 Banking
Shinsei Bank, Ltd. 8303 Banking
The Shizuoka Bank, Ltd. 8355 Banking
Sumitomo Mitsui Financial Group, Inc. 8316 Banking
Daiwa Securities Group Inc. 8601 Securities
Matsui Securities Co., Ltd. 8628 Securities
Nomura Holdings, Inc. 8604 Securities
Dai-ichi Life Insurance Company, Limited 8750 Insurance
MS&AD Insurance Group, Inc. 8725 Insurance
NKSJ Holdings, Inc. 8630 Insurance
Sony Financial Holdings Inc. 8729 Insurance
T&D Holdings, Inc. 8795 Insurance
Tokio Marine Holdings, Inc. 8766 Insurance
Credit Saison Co., Ltd. 8253 Other financial services
Mitsubishi Estate Co., Ltd. 8802 Real estate
Mitsui Fudosan Co.,Ltd 8801 Real estate
Sumitomo Realty & Development Co., Ltd. 8830 Real estate
Tokyo Tatemono Co., Ltd. 8804 Real estate
Tokyu Land Corp. 3289 Real estate
Central Japan Railway Company 9022 Railway/bus
East Japan Railway Company 9020 Railway/bus
Keio Corp. 9008 Railway/bus
Keisei Electric Railway Co., Ltd. 9009 Railway/bus
Odakyu Electric Railway Co., Ltd. 9007 Railway/bus
Tobu Railway Co., Ltd. 9001 Railway/bus
Tokyu Corp. 9005 Railway/bus
West Japan Railway Company 9021 Railway/bus
Nippon Express Co., Ltd. 9062 Other land transport
Yamato Holdings Co., Ltd. 9064 Other land transport
Kawasaki Kisen Kaisha, Ltd. 9107 Marine transport
Mitsui O.S.K. Lines, Ltd. 9104 Marine transport
Nippon Yusen K.K. 9101 Marine transport
All Nippon Airways Co., Ltd. 9202 Air transport
Mitsubishi Logistics Corp. 9301 Warehousing
KDDI Corp. 9433 Communications
Nippon Telegraph and Telephone Corp. 9432 Communications
NTT Data Corp. 9613 Communications
NTT DoCoMo, Inc. 9437 Communications
SKY Perfect JSAT Holdings Inc. 9412 Communications
Softbank Corp. 9984 Communications
Chubu Electric Power Co., Inc. 9502 Electric power
The Kansai Electric Power Co., Inc. 9503 Electric power
The Tokyo Electric Power Co., Inc. 9501 Electric power
Osaka Gas Co., Ltd. 9532 Gas
Tokyo Gas Co., Ltd. 9531 Gas
Dentsu Inc. 4324 Services
Konami Corp. 9766 Services
Secom Co., Ltd. 9735 Services
Tokyo Dome Corp. 9681 Services
Toho Co., Ltd. 9602 Services
Trend Micro Inc. 4704 Services
Yahoo Japan Corp. 4689 Services
Dena Co., Ltd. 2432 Services

See also

References

  1. ^ "the Nikkei (index) definition, meaning - what is the Nikkei (index) in the British English Dictionary & Thesaurus - Cambridge Dictionaries Online". cambridge.org.
  2. ^ "Yahoo". Yahoo.
  3. ^ Nikkei Definition via Wikinvest
  4. ^ Nikkei Net Interactive
  5. ^ "Finfacts: Irish business, finance news on economics". finfacts.com.
  6. ^ http://indexes.nikkei.co.jp/en/nkave/archives/data