Home / Business and Economy / Kioxia, Pan Pacific Join Nikkei Index Amid Market Shifts
Kioxia, Pan Pacific Join Nikkei Index Amid Market Shifts
5 Mar
Summary
- Kioxia and Pan Pacific International Holdings will join Japan's Nikkei index in April.
- GS Yuasa and Casio Computer will be removed from the benchmark index.
- Kioxia shares have surged over 12-fold since their market debut.
In an upcoming adjustment to Japan's benchmark Nikkei stock average, memory chipmaker Kioxia and discount retailer owner Pan Pacific International Holdings are slated for inclusion effective April. This regular reshuffle will also lead to the removal of battery manufacturer GS Yuasa and calculator maker Casio Computer from the index.
The inclusion of Kioxia and Pan Pacific International Holdings is anticipated to provide a boost to the Nikkei, which reached record highs in February 2026 before experiencing a downturn partly due to escalating Middle East tensions.
Kioxia, a company backed by Bain Capital, has demonstrated exceptional market performance, with its shares experiencing an increase of over twelvefold since its public debut in December 2024. Complementing this, Pan Pacific International Holdings has also seen its share price rise by 9.8% so far this year, indicating positive momentum for both incoming companies.
