Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Every year it's the same trade. But sometimes it is not. This year it is Friday and Monday. Or not. Historically, the day before ex-date and ex-date see outright performance.</li>
<li>The month-end and quarter-end bring big flows, or not, depending on how things have gone. This year they have gone well for equities, so odds are flows are smaller.</li>
<li>Over the past 10 years or so, the two-day return on the <em>March</em> trade is pretty good. The September trade appears to be more mixed. </li>
</ul>


Every year it's the same trade. But sometimes it is not. This year it is Friday and Monday. Or not. Historically, the day before ex-date and ex-date see outright performance.
The month-end and quarter-end bring big flows, or not, depending on how things have gone. This year they have gone well for equities, so odds are flows are smaller.
Over the past 10 years or so, the two-day return on the March trade is pretty good. The September trade appears to be more mixed. 


The 2025 Japan September-End Rebal and Dividend Trade

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Index Rebalance

Japan Business Systems  / Index Rebalance

<ul>
<li>Quiddity's "Who is Ready" series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.</li>
<li>Our long-term TOPIX Inclusion pre-event candidate <a href="https://www.smartkarma.com/entities/core-concept-technologies-inc" target="_blank" data-smartkarma-citation="entities:34323:1" rel="noopener">Core Concept Technologies Inc (4371 JP)</a> has experienced a sharp price decline and has moved further away from the required thresholds for Section Transfers.</li>
<li>Separately, <a href="https://www.smartkarma.com/entities/japan-business-systems-inc" target="_blank" data-smartkarma-citation="entities:40379:1" rel="noopener">Japan Business Systems (5036 JP)</a> has announced a potential move to the Prime market which could result in a TOPIX inclusion in late-October 2025.</li>
</ul>


Quiddity's "Who is Ready" series of insights aims to objectively identify names listed on the Tokyo Stock Exchange that are potential additions to the TOPIX Index in future.
Our long-term TOPIX Inclusion pre-event candidate Core Concept Technologies Inc (4371 JP) has experienced a sharp price decline and has moved further away from the required thresholds for Section Transfers.
Separately, Japan Business Systems (5036 JP) has announced a potential move to the Prime market which could result in a TOPIX inclusion in late-October 2025.


TOPIX Inclusions: Who Is Ready (Sep 2025)

Japan

Japan Business Systems, Inc. offers information technology services. The Company provides system integration, application development, cloud integration, cloud services, and other services. Japan Business Systems also offers license products.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Japan Business Systems (5036 JP)

The 2025 Japan September-End Rebal and Dividend Trade

Every year (every half year) it is the same trade. Dividend reinvestment for passive funds. This September it "should" be ¥2trln+ but it will...

Travis Lundy

TOPIX Inclusions: Who Is Ready (Sep 2025)

There are currently 143 names that satisfy all 5 key Segment Transfer requirements based on current data. Another 145 names can satisfy 4 out of 5...

Janaghan Jeyakumar, CFA

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)