Daily BriefsJapan

Japan: Matsumotokiyoshi Holdings Co., Ltd., Nintendo Co Ltd, Tokyo Stock Exchange Tokyo Price Index Topix and more

In today’s briefing:

  • MSCI Nov 2021 Index Rebalance Preview: On Your Marks, Get Set…
  • Nintendo – Can Metroid Dread Hit the 10m Unit Mark
  • Japan’s Governance: Electronic Voting

MSCI Nov 2021 Index Rebalance Preview: On Your Marks, Get Set…

By Brian Freitas

MSCI is scheduled to announce the results of the November 2021 Semi Annual Index Review (SAIR) on 12 November (Asia time) with the changes implemented after the close of trading on 30 November.

The review period for price cut-off will run from 18-29 October, so we have just a week more of trading before we have a better idea of what the changes could be.

Stocks with the largest estimated passive inflows are Mitsui Osk Lines (9104 JP)Taiyo Yuden (6976 JP), Matsumotokiyoshi Holdings Co., Ltd. (3088 JP), Ememory Technology (3529 TT)Godrej Properties (GPL IN), Srf Ltd (SRF IN), Parade Technologies (4966 TT), Open House (3288 JP), IDP Education (IEL AU) and Krafton Inc (259960 KS).

Stocks with the largest estimated passive outflows are United Urban Investment (8960 JP), Nabtesco Corp (6268 JP), Casio Computer (6952 JP), A2 Milk Co Ltd (ATM NZ), Stanley Electric (6923 JP), Tohoku Electric Power Co (9506 JP), Nh Foods Ltd (2282 JP), Toho Gas Co Ltd (9533 JP), Yamada Denki (9831 JP), AGL Energy Ltd (AGL AU), Pigeon Corp (7956 JP) and NSK Ltd (6471 JP).

Stocks that are expected to have the largest impact (in terms of ADV) from passive buying are Voltronic Power Technology (6409 TT), Matsumotokiyoshi Holdings Co., Ltd. (3088 JP), Inari Amertron (INRI MK), CRRC Corp Ltd H (1766 HK), Open House (3288 JP), AC Energy Corp (ACEN PM), IDP Education (IEL AU), Benefit One Inc (2412 JP), Parade Technologies (4966 TT) and Mphasis Ltd (MPHL IN).

Stocks that are expected to have the largest impact (in terms of ADV) from passive selling are MCB Bank Ltd (MCB PA), A2 Milk Co Ltd (ATM NZ), Shenzhen Investment (604 HK), United Urban Investment (8960 JP), Lucky Cement (LUCK PA), Chongqing Rural Commercial Bank (3618 HK), Toho Gas Co Ltd (9533 JP), China Everbright (165 HK), Ipca Laboratories (IPCA IN), China Resources Pharmaceutical (3320 HK) and Habib Bank Ltd (HBL PA).

Recent listings that could be added to the MSCI Standard index are Krafton Inc (259960 KS)Bukalapak (BUKA IJ)Monde Nissin Corp (MONDE PM) and Zomato (ZOMATO IN).


Nintendo – Can Metroid Dread Hit the 10m Unit Mark

By Mio Kato

We previously noted that the Metroid series has not been a big seller, at least compared to most of Nintendo’s heavyweight titles, and it hasn’t been as it has yet to break the 3m unit mark for a single title. As such we did not play especially close attention to the latest release but maybe we should have.


Japan’s Governance: Electronic Voting

By Aki Matsumoto

The annual shareholders meeting season in June is over, and there are now considerably fewer listed companies holding shareholders meetings. Although it is a somewhat calmer time, I would like to take up electronic voting again, as it is an important means of exercising voting rights, especially for overseas institutional investors.


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