Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Index Rebalance

<ul>
<li>
<a href="https://www.smartkarma.com/entities/harmonic-drive-systems-inc" target="_blank" data-smartkarma-citation="entities:10238:1" rel="noopener">Harmonic Drive Systems (6324 JP)</a> shares popped 14.7% Friday on a Nikkan Kogyo story the company would increase reducer/actuator production in the US by 50% by June or July.</li>
<li>Harmonic Drive has long been eligible for TOPIX inclusion. It has just never asked to move to TSE1 or TSE Prime. Now it has. </li>
<li>As announced after the close Friday 20 February, Harmonic Drive will move to TSE Prime on 27 February which will mean a TOPIX Inclusion in end-March. That's big too.</li>
</ul>



Harmonic Drive Systems (6324 JP) shares popped 14.7% Friday on a Nikkan Kogyo story the company would increase reducer/actuator production in the US by 50% by June or July.
Harmonic Drive has long been eligible for TOPIX inclusion. It has just never asked to move to TSE1 or TSE Prime. Now it has. 
As announced after the close Friday 20 February, Harmonic Drive will move to TSE Prime on 27 February which will mean a TOPIX Inclusion in end-March. That's big too.


[Quiddity Index] Harmonic Drive Systems (6324 JP) Moving to TSE Prime

Index Rebal/Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Index Rebal/Special Situations

Core Concept Technologies Inc / 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 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> is getting close to a TOPIX Inclusion announcement.</li>
<li>However, their fate will be decided by share price movements.</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 pre-event candidate Core Concept Technologies Inc (4371 JP) is getting close to a TOPIX Inclusion announcement.
However, their fate will be decided by share price movements.


TOPIX Inclusions: Who Is Ready (Feb 2026)

<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>
<a href="https://www.smartkarma.com/entities/bengo4-com-inc" target="_blank" data-smartkarma-citation="entities:20383:1" rel="noopener">Bengo4.Com Inc (6027 JP)</a> will be included in the TOPIX index at the end of January 2026 and then there might be an upweight in late-April 2026.</li>
<li>The number of names satisfying all key conditions for the TOPIX Inclusions has grown sharply over the last few months.</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.

Bengo4.Com Inc (6027 JP) will be included in the TOPIX index at the end of January 2026 and then there might be an upweight in late-April 2026.
The number of names satisfying all key conditions for the TOPIX Inclusions has grown sharply over the last few months.


TOPIX Inclusions: Who Is Ready (Jan 2026)

Asia Pac ECM and Index Rebal, Shenton Research

Ke Yan, CFA, FRM

Asia Pac ECM and Index Rebal

Asia Pac IPO & Placement Research, China Biotech

DZT Research

DZT Research is an independent Asia Pacific equity specialist. Our quantitative research covers index rebalancing flows, alongside exchange data analytics accross Asia Pacific. On the equity capital markets side, we focus on Asia Pacific ECM, especially biotech and TMT. Our lead analyst is frequently cited by international media.

Quantitative Analysis

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Jan 9th. The aggregated net margin trading position is USD20,644m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Shibaura Electronics, SoftBank, Skylark, Kioxia, McDonald's, Ise Chemicals, Mitsubishi UFJ Financial, Disco, Itochu, Mitsubishi Heavy Industries, Shibaura Electronics, Softbank, Skylark, Kioxia, Mcdonald'S.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Jan 9th. The aggregated net margin trading position is USD20,644m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Shibaura Electronics, SoftBank, Skylark, Kioxia, McDonald's, Ise Chemicals, Mitsubishi UFJ Financial, Disco, Itochu, Mitsubishi Heavy Industries, Shibaura Electronics, Softbank, Skylark, Kioxia, Mcdonald'S.


JPX Margin Trading Weekly (Jan 9th): Shibaura Electronics, SoftBank, Skylark, Kioxia, McDonald's

<ul>
<li>We analyzed the changes in margin trading positions of JPX stocks as of Dec 26th. The aggregated net margin trading position is USD17,571m.</li>
<li>We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.</li>
<li>We highlight net margin buy/sell changes in Skylark, Tokyo Electron, Disco, McDonald's, Canon, Japan Tobacco, Rakuten, Pan Pacific International, Advantest, Furukawa Electric, Skylark, Tokyo Electron, Disco, Mcdonald'S, Canon.</li>
</ul>


We analyzed the changes in margin trading positions of JPX stocks as of Dec 26th. The aggregated net margin trading position is USD17,571m.
We tabulate league tables for top/bottom net long/short of margin trading by value, net margin buy as multiple of ADT.
We highlight net margin buy/sell changes in Skylark, Tokyo Electron, Disco, McDonald's, Canon, Japan Tobacco, Rakuten, Pan Pacific International, Advantest, Furukawa Electric, Skylark, Tokyo Electron, Disco, Mcdonald'S, Canon.


JPX Margin Trading Weekly (Dec 26th): Skylark, Tokyo Electron, Disco, McDonald's, Canon

Japan

McDonald's Holdings Company (Japan), Ltd. operates a hamburger fast food restaurant chain throughout Japan.  The Company operates its own stores and franchise stores.

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Mcdonald's Japan (2702 JP)

[Quiddity Index] Harmonic Drive Systems (6324 JP) Moving to TSE Prime

Harmonic Drive Systems has long sat unbothered in TSE2 then Standard. Now it is moving to TSE Prime, which means a TOPIX inclusion at end-March....

Travis Lundy

TOPIX Inclusions: Who Is Ready (Feb 2026)

There are currently 162 names that satisfy all 5 key Segment Transfer requirements based on current data. Another 150 names can satisfy 4 out of 5...

Janaghan Jeyakumar, CFA

TOPIX Inclusions: Who Is Ready (Jan 2026)

There are currently 163 names that satisfy all 5 key Segment Transfer requirements based on current data. Another 149 names can satisfy 4 out of 5...

Janaghan Jeyakumar, CFA

JPX Margin Trading Weekly (Jan 9th): Shibaura Electronics, SoftBank, Skylark, Kioxia, McDonald's

We analyzed JPX margin trading positions report for the past week and highlighted Shibaura Electronics (6957 JP), SoftBank (9984 JP), Skylark (3197...

Ke Yan, CFA, FRM

JPX Margin Trading Weekly (Dec 26th): Skylark, Tokyo Electron, Disco, McDonald's, Canon

We analyzed JPX margin trading positions report for the past week and highlighted Skylark (3197 JP), Tokyo Electron (8035 JP), Disco (6146 JP),...

Ke Yan, CFA, FRM

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