Equity Derivatives Broker - Delta One Japan, Vantage Capital Markets Japan

François-Xavier Pustoc'h

Equity Derivatives Broker - Delta One Japan

Independent Financial Broker

Vantage Capital Markets Japan

We provide world class financial solutions to our extensive institutional client base including rapidly growing corporations, leading investment banks, commercial banks, asset managers, private equity funds, family offices and hedge funds.

Our services include capital market offerings and placements, wholesale brokerage and execution of cash and derivative products (both listed and OTC) across a range of asset classes.

VCM has offices in London, Hong Kong, Tokyo and Dubai from where we service our global client base. Our strength lies in the experience and quality of our teams, supported by excellent operations and infrastructure.

Equity Derivatives

The Nikkei-225 Stock Average is a price-weighted average of 225 top-rated Japanese companies listed in the First Section of the Tokyo Stock Exchange. The Nikkei Stock Average was first published on May 16, 1949, where the average price was ¥176.21 with a divisor of 225. 

<ul><li>Steepening of the dividend curve this week as NKY is moving higher.                              </li><li>Volumes were up with 1605 lots trading (803x on 2025 &amp; 536x on 2025).</li><li>Nikkei Dividend Yield is now 2.05%</li></ul>

Steepening of the dividend curve this week as NKY is moving higher.                              Volumes were up with 1605 lots trading (803x on 2025 &amp; 536x on 2025).Nikkei Dividend Yield is now 2.05%

VCM: Nikkei Dividends Update (Jun 24th – Jul 1st)

Macroeconomics

<ul><li>Japanese Equities flat vs. World +1.73% and US +2.98%, Japan +5.56%, Europe +1.56%</li><li>Japan Sectors: Nonferrous Metals +8.26%, Electric Appliances +5.97%, Machinery +5.37% while Mining -5.23% and Real Estate -1.11%</li><li>JPY 5Y Rates up 1bp, ITRAXX Japan 5Y down 1.73 at 61.45</li></ul>

Japanese Equities flat vs. World +1.73% and US +2.98%, Japan +5.56%, Europe +1.56%Japan Sectors: Nonferrous Metals +8.26%, Electric Appliances +5.97%, Machinery +5.37% while Mining -5.23% and Real Estate -1.11%JPY 5Y Rates up 1bp, ITRAXX Japan 5Y down 1.73 at 61.45

Weekly Macroeconomic Report (2025, July 1st)

<ul><li>Japanese Equities flat vs. World +1.50% and US +0.98% while Korea +5.08% (+21.39% in 1 month).</li><li>Japan Sectors: Mining Index -6.56%, Oil &amp; Coal -4.57% and Transportation -3.07%</li><li>JPY 5Y Rates down 1bp, ITRAXX Japan 5Y down 1.93 at 62.81</li></ul>

Japanese Equities flat vs. World +1.50% and US +0.98% while Korea +5.08% (+21.39% in 1 month).Japan Sectors: Mining Index -6.56%, Oil &amp; Coal -4.57% and Transportation -3.07%JPY 5Y Rates down 1bp, ITRAXX Japan 5Y down 1.93 at 62.81

Weekly Macroeconomic Report (2025, June 25th)

Index Rebalance

<ul><li>Rebalancing Candidates ADD: Kokusai Electric (6525 JP): High Liquidity Group TOP 75, Shift Inc (3697 JP) Consumer Goods, Pan Pacific International (7532.T) Consumer Goods</li><li>Rebalancing Candidates DEL: Okuma Corp (6103 JP): Low Liquidity Group &lt; 450, Kanadevia Corp. (7004.T), Tokuyama Corp (4043.T)</li><li>Capping Ratio: Fast Retailing Co Ltd (9983.T)’s NKY weight is currently 9.65% below 10% weight cap threshold.</li></ul>

Rebalancing Candidates ADD: Kokusai Electric (6525 JP): High Liquidity Group TOP 75, Shift Inc (3697 JP) Consumer Goods, Pan Pacific International (7532.T) Consumer GoodsRebalancing Candidates DEL: Okuma Corp (6103 JP): Low Liquidity Group &lt; 450, Kanadevia Corp. (7004.T), Tokuyama Corp (4043.T)Capping Ratio: Fast Retailing Co Ltd (9983.T)’s NKY weight is currently 9.65% below 10% weight cap threshold.

Nikkei 225 Stock Average Rebalancing – June 2025

<ul><li>Steepening of the dividend curve this week despite geopolitical tensions                    </li><li>Volumes were very low with 344 lots trading (109x on 2025, 235x on 2026).</li><li>Nikkei Dividend Yield is now 2.08%                             </li></ul>

Steepening of the dividend curve this week despite geopolitical tensions                    Volumes were very low with 344 lots trading (109x on 2025, 235x on 2026).Nikkei Dividend Yield is now 2.08%                             

VCM: Nikkei Dividends Update (Jun 13th – Jun 20th)